Global Fuel Additives Market Overview :
“The global Fuel Additives Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global fuel additives market report has been segmented on the basis of type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Fuel additives are chemicals which are utilized in various refinery fuels to enhance performance characteristics of fuel. Fuel additives play an important role in improving efficiency and performance of various end-use applications.
Emissions caused by fuel are very harmful for human health and environment. These fuel additives help efficiency of fuels to enhance and increased characteristics such as improvement in octane number, reduced emissions, improved cetane number, and others. Fuel additives can reduce corrosion effects caused by the fuel inside engines. They also improve combustion properties of fuels.
Improved ecological benefits and performance features, governed and backed by various environmental and government organizations is a major factor expected to drive growth of the global fuel additives market. Fuel additives increase various characteristics of fuels.
Fuel additives help to meet quality specifications of processed fuels and also facilitate operations within refinery are other major factor expected to drive growth of the target market.
In addition, regulations from various environmental and government agencies to limit emissions and improving fuel efficiency is putting a significant impact on complete engine system and fuel components.
North America fuel additives market is estimated to account for major share in terms of revenue in the global fuel additives market. Asia Pacific fuel additives market is anticipated to witness fastest growth in terms of revenue over the next 5 years, owing to increasing demand from the automotive aviation industries in countries in this region.
China fuel additives market is anticipated to account for significant share in terms of revenue in the Asia Pacific, owing to increasing demand for high performance and efficient of vehicles. Increasing disposable income of people and rapid growth in urban and rural regions in countries in this region are various other factors fueling growth of petroleum industry, which in turn is expected to fuel growth of fuel additives in this region.
Global Fuel Additives Market Segmentation:
Segmentation by type:
- Deposit Control Additives
- Cetane Improvers
- Lubricity Improvers
- Dyes & Markers
- Stability Improvers
- Cold flow Improvers
- Octane Improvers
- Corrosion Inhibitors
Segmentation by application:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Chevron Oronite Company LLC
- The Lubrizol Corporation
- Afton Chemical Corporation
- Fuel Performance Solutions Inc.
- Evonik Industries AG
- BASF SE
- Chemtura Corporation
- Innospec Inc.
- Dorf-Ketal Chemicals India Private Limited
- Infineum International Ltd.
- Cummins Inc.
- Cerion, LLC
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