Performance Additives Market: Overview
Performance additives are the various chemicals that are added to the modern-day automotive gasoline and other propelling fuels to stabilize and elevate their octane level, decrease the propensity of pre-ignition, and allow for more power to be made from increased compression and/or advanced ignition timing. Methylcyclopentadienyl manganese tricarbonyl (MMT), toluene, and variants of trimethylbenzene are the additives used to boost the octane number of the fuel. Performance additives boost efficiency, temperatures, and pressures of the engine along with the reduction of friction between moving parts. Performance additives are based on chemicals such as mica, talc, and wollastonite, diatomite or perlite.
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They are essential for usage in a wide range of applications such as automotive, paint, rubber, paper, hygiene, health, and beauty that require advanced technical specifications. Performance additives can reduce emissions, improve fuel handling, increase fuel economy, lower internal deposits in the exhaust systems due to burnt fuel and protect against corrosion. Performance additive solutions help fuel marketers and fleets to maximize diesel and gasoline quality from the available fuel. They provide a cost-effective method of differentiating products in the market.
Performance Additives Market: Dynamics & Trends
A fuel system has to be lubricated. This is critical to ensure that friction and wear within high-pressure components, such as the fuel pump, is kept at a minimum in order to ensure longevity and efficient operation. Performance additives address a wide range of issues that can have a profound effect on vehicle performance, regardless of whether the vehicle is a light-duty pickup, a Class 8 truck, or an off-road equipment or any system. In some cases, additives are required for an engine to operate smoothly. These additives make the engines more efficient with high power, and produce lower emissions.
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Fuel injectors are becoming smaller and more intricate. The combination of these sophisticated fuel injectors with combustion by-products and contaminants results in deposit formation that interferes with the optimal operation. Performance additives can help remove the deposits and enhance the performance.
Performance additives offers protective effects such as improving heat, light, and weather resistance to reduce color fading and loss of gloss.
Performance Additives Market: Key Players
Key players operating in the global performance additives market include BASF SE, AkzoNobel N.V., Solvay S.A., Evonik Industries AG, and Clariant.