Fuel Additive Market – Global Industry Trends and Forecast to 2027Posted by Simone on April 9th, 2021 Global Fuel Additives Market is expected to grow to USD XXX billion, with a CAGR of over X % during the forecast year of 2018 and 2025. The market for fuel additives in terms of volume is expected to increase by XX % per year to XXX million metric tons. Fuel additives are an essential part of industrial, aerospace, and automotive applications. Addition of fuel additives controls the emission of particulate matter from diesel type engines. This feature has helped the growth of global fuel additives market. Get Research Insights @ https://www.adroitmarketresearch.com/contacts/request-sample/493 Some other factors influencing the market growth are, stringent rules and regulations by government with respect to fuel emissions and growing demand for better combustion and fuel efficiency from vehicles. Furthermore, public health issues and environmental concerns have resulted in US environmental Protection Agency (EPA) to create acts that focus on making the use of fuel additives as mandatory, for gasoline and diesel engines. Global fuel additives market size is dominated by increased emphasis on enhancing fuel efficiency. When optimized fuel engines have several benefits like less operating costs, enhanced working of vehicles by increasing the life of engine. Deposits present in the fuel, often choke nozzles causing reduction of the vehicle performance. Specialty fuel additives market is growing as it is chemical formulations which along with fuel, increase the required characteristics of the fuel or suppress the objectionable characteristics of the fuel. Browse Complete Report @ https://www.adroitmarketresearch.com/industry-reports/fuel-additives-market In the global fuel additives market segment, use of ultra-low sulfur diesel (ULTD) is increasingly becoming popular among the automotive industry owing to the fact that it is very clean diesel fuel. ULTD is predicted to contain 97% lower sulfur then other diesel types. As, ULTD needs lots of fuel additives to function properly, high market growth is predicted in global fuel additives market during the forecast period. But, inadequate demand for high-end gasoline and lack of awareness in users are factors that might hamper the market growth. Furthermore, the cost involved in research and development is also high, which also can affect the market growth. Segmentation of the global fuel additives market is done on the basis of application and types. Segmentation on the basis of type is done as gasoline, diesel and aviation fuel. Based on types the diesel segment contributes to the maximum market share. Segmentation on the basis of application is done as antioxidant, deposit control, corrosion inhibitor, stability improvers, and lubricity and cetane improvers. Segmentation on the basis of region is done as Asia-Pacific, North America, Africa, the Middle-East, Europe, and Latin America. North America is leading contributor in global fuel additives market size. This is due to the growing government regulation with respect to emissions and increased investments being done in research and development for finding new and alternative additives. Also, fuel ethanol as a popular fuel additive used in the US. Key players of the global fuel additives market are Afton Chemical Corporation, BASF SE, Evonik Industries, Total, Chevron Corporation, Lanxess, and many others. Segmentation: The various segments of global fuel additives market are, By Type:
By Application:
By Region:
What to expect from the upcoming report on ‘global fuel additives market’: - Future prospects and current trends of the global fuel additives market by the end of forecast period. (2017 – 2025). - Information regarding technological progressions as well as innovations across the world - Supportive initiatives by government likely to influence the market dynamics. - In-depth analysis of different market segmentations including regional segmentations, applications and types. - Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market. - Trends, drivers, opportunities, restraints, challenges and key developments in the market Who should buy this report? Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies. About Us: Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Contact Us: Ryan Johnson Account Manager Global 3131 McKinney Ave Ste 600, Dallas, TX75204, U.S.A. Phone No.: USA: +1 972-362 -8199/ +91 9665341414 Like it? Share it! More by this author |