Bottled Fuel Additives Market- Forecast (2018-2023)
Posted by Venkatesh on September 21st, 2018
According to the new market research report by IndustryARC titled “Bottled Fuel Additives Market By Type (Corrosion Inhibitors, Demulsifiers, Cetane Improvers, Detergents, Metal
Europe dominates the Bottled Fuel Additives Market during the Forecast Period
The Americas holds a major share in the Bottled Fuel Additives Market, owing to its heavy industrial applications and automotive industry. The evolution of e-commerce, economic recovery, and resurgence in domestic manufacturing have generated resiliency in the industrial sector. In 2013, more than 5 million vehicles were produced in the US. These vehicles were sold at the American dealership franchises or exported from the US to other countries of the world. Europe is the second largest region in the market. It has a higher share in the market, since it is a major consumer of biodiesel compared to the other regions. Germany dominates the market, followed by France, UK, and Switzerland.
Selected Analysis done in the full Report:
Gasoline is a petroleum derived liquid which is used as a fuel in the internal combustion engines. It is a fuel source for automotive and other vehicles. A series of additives such as octane improvers, corrosion inhibitors, metal deactivators, and antioxidants are used to make gasoline more efficient. Octane improvers are the most used gasoline fuel additives. Gasoline blends, along with methanol fuel additives, are used in racing cars, since methanol serves as a high octane booster.
In various industries, bottled fuelled additives are used due to their oxidation inhibitor property. To ensure a better performance of fuel, high performance chemicals are used as additives. Industrial fuel additives ensure that machines run smoothly. Fuel additives which are mostly used are cetane improvers, metal deactivators, antioxidants, corrosion inhibitors, etc.
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Excerpts on Market Growth Factors
Higher spending of consumers is driving the demand for light and heavy duty vehicles. Higher sale of automobiles leads to a higher consumption of fuels, lubricants, and more uses of bottled fuel additives.
Increasing use of non-ferrous alloys, metals, and their premature deterioration in lubricating systems enhances the demand for Bottled Fuel Additives Market.
Growing need for more enhance additives due to the demands from consumers and end user industries spurs the growth of bottled fuel additives.
Growing awareness about the need for reducing the Carbon footprint and toxic emissions leads to the need for cleaner fuel. Hence, the need for more lubricant additives are required.
Key players of the Bottled Fuel Additives Market
Lubrizol Corporation, BASF SE, and Afton Chemical Corporation are the key players of the Bottled Fuel Additives Market. Lubrizol manufactures complex chemicals for improving vehicle performance. It also produces advanced polymers and additives for industrial machines. BASF SE is a leading operator of chemicals and is headquartered in Ludwigshafen, Germany. Its product portfolio includes functional materials, solutions, chemicals, and performance products. Afton Chemical Corporation is the largest lubricant and fuel additive company which specializes in performance specialty chemicals.
Bottled Fuel Additives Market is segmented as below
A. Bottled Fuel Additives Market By Type
C. Bottled Fuel Additives Market By Geography (covers 12+ countries)
D. Bottled Fuel Additives Market By Entropy
Companies Citied / Interviewed
What can you expect from the report?
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
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IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
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About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
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