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The market is driven by factors such as the rising use of isooctane as a solvent, fuel additive, and octane booster in gasoline. In 2023, a £4.5 billion ($5.68 billion) funding plan has been revealed by the UK government, with a strong emphasis on eight vital industries.
Iso-Octane Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Gasoline, Paints, Adhesives, Solvents, Others), By Industry Vertical (Automotive, Aerospace, Pharmaceuticals, Chemicals, Others), And By Geography - Forecasts From 2023 To 2028. Published : Jan 2023.
The Iso-Octane Market size is forecast to reach $8.47 Billion by 2027, after growing at a CAGR of 7.86% during 2022-2027. The increased use of isooctane as an anti-crashing additive in petrol is the driving force behind the growth of the world market in isooctane.
The global Iso-Octane market was valued at xx.xx billion in 2021 and is projected to reach USD xx.xx billion in 2029, at a Compound Annual Growth (CAGR) of xx% during the forecast period 2022-2029.
Apr 25, 2023 · Octane rating is the measure of a fuel's ability to resist "knocking" or "pinging" during combustion, caused by the air/fuel mixture detonating prematurely in the engine. In the U.S., unleaded gasoline typically has octane ratings of 87 (regular), 88–90 (midgrade), and 91–94 (premium).
Nov 10, 2022 · Iso-Octane Market size is observed to grow at a CAGR of 7.8% during the forecast period 2022-2027 and will reach an estimated revenue of US$9.8 billion by 2027.
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Premium fuel is a higher octane fuel in the range of 91-94 octane. This compares to regular grade gasoline which is 87 octane. Higher octane fuel aims to provide greater fuel-burning stability to protect engines from the damage caused by engine knock –also known as abnormal combustion.
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