The Global Fuel Additive Market report presents thorough description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. This report makes available an actionable market insight to the clients with which they can create sustainable and profitable business strategies.
The Global Fuel Additive Market was valued at USD 6.3 billion in 2017 and growing at a CAGR of 7.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Key Questions Answered in Global Fuel Additive Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Fuel Additive Market in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global Fuel Additive Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Fuel Additive Market?
- Who are Opportunities, Risk and Driving Force of Global Fuel Additive Market?
- Who are the opportunities and threats faced by the vendors in Global Fuel Additive Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Fuel Additive Market opportunities, market risk and market overview of the Market?
Global Fuel Additive Market, By Type (Deposit Control Additives, Cetane Improvers, Antioxidants, Dyes And Markers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Corrosion Inhibitors, Octane Improvers, Others), By Application (Diesel Fuel Additives, Gasoline Fuel Additives, Aviation Fuel Additives, Others), By End User Applications, By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Complete report on Global Fuel Additive Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Fuel Additive Market
Fuel additives are compounds formulated to enhance the quality and efficiency of fuels used in motor vehicles. They increase a fuel’s octane rating or act as corrosion inhibitors or lubricants, thus allowing the use of higher compression ratios for greater efficiency and power. Fuel additives can help to avoid problems such as rough idling, weak acceleration, stumbling and stalling. Fuel additives are available in a number of forms, such as liquid, powder or pill. They work in a number of different ways and claim to do various things to the fuel, including: Remove sludge, Control soot, Improve combustion, Act as a biocide etc. Any liquid that is added to the fuel supply of vehicles, either via the filler cap or other parts of the fuel system, is classified as a fuel additive. Fuel additives enhance engine performance, which allows further travel on gas infused with additives than would be possible otherwise. Engine maintenance is another common benefit of fuel additives. They prevent the buildup of sludge and other deposits in different areas of the engine, thereby effectively prolonging the life of the vehicle. Diesel fuel additives often offer the benefit of functioning as an antioxidant that helps to minimize corrosion within the engine as well as antiknock agents to ease the stress on engine pistons. The global fuel additives market intend, stable growth at a rate of around 8% during the forecast period. The industry players are going for partnership and strategic alliances and focusing on development of new fuel additive products to meet the constantly changing industry demands of customers. For instance, in April 2017 – Lanxess specialy chemicals company has completed the acquisition of Chemtura. The acquisition significantly expands the company’s additives portfolio and makes LANXESS one of the world’s leading players in this growth field.In November 2017 –Eni SpA and major car manufacturer and FCA have signed a contract to carry out research and develop technological applications to reduce CO2 emissions. They are conducting new experiments into Green Diesel (hydrotreated vegetable oil or HVO), which will be a fuel in pure form to reduce CO2 emissions and encourage sustainable mobility, a positive step for the environment and people’s health. Eni and FCA’s mutually beneficial partnership involves a range of different technologies.
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Top Key Players:
- Town of Newmarket,
- BASF SE,
- Infineum International Limited,
- Albemarle Corporation,
- Baker Hughes Incorporated,
- Chevron Oronite Company LLC,
- The Lubrizol Corporation,
- Evonik Industries AG,
- Legal Notice – Eurenco, Clariant
- among others.
Major Market Drivers and Restraints:
- Growing fuel demand among consumers
- Growing awareness among users regarding the benefits of fuel additives
- Rise in demand of high fuel efficiency
- Increasing regulations stringent and emission standards adopted by various countries
- Economic restraints and reduction of oil drain in developed nations are the major restraints
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Customize report of “Global Fuel Additive Market” as per customers requirement also available.
Global Fuel Additive Market is segmented on the basis of
Market Segmentations in Details:
- Deposit control additives,
- Cetane improvers,
- Corrosion inhibitors,
- Llubricity improvers,
- Dyes and markers,
- Cold flow improvers,
- Stability improvers,
- Octane improvers,
- Anti-icing fuel additives
- Other fuel additives.
- diesel fuel additives,
- gasoline fuel additives,
- aviation fuel additives
- other application fuel additives.
By End User
- others (aviation fuel, marine fuel, and heating oil)
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
The global fuel additive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fuel additive market for global, Europe, North America, Asia Pacific and South America.
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