Fuel Additives Market worth 8.7 Billion USD till 2023 | Global Major Manufacturers, Production and Sales Market Comparison
Global Fuel Additives Market report gives complete study of Market growth drivers, Current growth, market trends, Market structure, Market projections for upcoming years.
Pune, India – May 31, 2019 /MarketersMedia/ —
ReportsnReports offers a latest published report on “Fuel Additives Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 161 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.
The Fuel Additives Market is projected to reach US$ 8.7 Billion by 2023, at a CAGR of 3.1% between 2018 and 2023. This report spread across 161 pages, profiling 11 companies and supported with 152 tables and 47 figures is now available in this research.
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Top Key Players profiled in the Fuel Additives Market include are Afton Chemical Corporation (US), Innospec Inc. (US), The Lubrizol Corporation (US), BASF SE (Germany), Infinieum Limited (UK), Evonik Industries AG (Germany), Chevron Oronite Company LLC (US), Lanxess (Germany), Dorf Ketal Chemicals (India), Cummins Inc. (US), and Cerion LLC (US).
“The lubricity improvers segment is expected to be the fastest-growing type of fuel additives, in terms of value, between 2018 and 2023.”
The Lubricity improvers segment is expected to witness the highest growth, in terms of value, during the forecast period. The increasing government regulations regarding fuel emissions are mandating manufacturers to reduce sulfur levels in fuel. Due to the reduced sulfur content, the lubricity of fuel decreases. This, in turn, is driving the consumption of lubricity improvers. Moreover, there is an increase in the use of lubricity improvers for the longevity of engine life and better fuel efficiency.
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The Market for diesel fuel additives has been driven by the developing economies of APAC. North America, and Europe that are now focusing on the use of ULSD, which has higher dosing of additives than normal diesel.
The Global diesel consumption is expected to increase during the forecast period, and the quantity of additives used is likely to increase to meet stringent environmental norms. This is expected to drive the market between 2018 and 2023.
“APAC is expected to be the fastest-growing fuel additives market during the forecast period.”
The APAC fuel additives market is estimated to witness considerable growth during the forecast period. The fuel additives market in APAC is projected to register the highest CAGR, in terms of volume, during the forecast period. The rising awareness regarding the advantages of fuel additives plays a key role in the growth of the market in the region. The increasing emission norms in developing countries, including China and India are expected to drive the fuel additives market during the forecast period.
Breakdown of Primary Participants’ Profile:
• By Company Type: Tier 1 – 46%, Tier 2 -31%, and Tier 3 – 23%
• By Designation: C-Level – 46%, Director Level – 27%, and Others – 27%
• By Region:North America – 33%, Europe – 27%,APAC- 27%, South America – 7%, Middle East & Africa – 6%
Report Highlights:
• To forecast the size of the market segments for regions such as Asia Pacific (APAC), North America, Europe, South America, and the Middle East & Africa
• To analyze and forecast the size of the fuel additives market, in terms of value and volume
• To provide detailed information regarding key factors such as drivers, restraints, and opportunities influencing the growth of the market
• To define, describe, and segment the fuel additives market on the basis of type and application
• To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
• To identify and analyze opportunities for stakeholders in the market
• To analyze competitive developments such as expansion, new product launch, and acquisition in the market
• To strategically profile key players and comprehensively analyze their core competencies
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Reason to access this report:
This Research report is focused on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide anoverall view on the competitive landscape; emerging and high-growth segments of the fuel additivesmarket; high-growth regions; and market drivers, restraints, and opportunities.
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