A recently published report titled “Global Fuel Additives Market” is an extensive study by Reports and Data of the Fuel Additives industry and includes a study of several factors that impact the growth of the market. The factors taken into consideration in this report are government policies, market landscape, technologies, market risks, opportunities, and challenges faced by the market. The report further analyzes historical data, current and future market trends, recent technological developments, key competitors, and regional bifurcation.
According to the current analysis of Reports and Data, the global Fuel Additives market was valued at USD 7 Billion in 2018 and is expected to reach USD 9.43 Billion by year 2026, at a CAGR of 3.5 %. The study covers fuel additives, which supplement the fuel for various purposes like improving the octane/cetane rating of fuels, protection of mechanical parts, prevention of sludge formation, improving the fuel flow, etc. Recent developments in fuel additive space is synthetic technology, which is causing disruption in the market, due to its performance and protection features.
Rising sales of the automobiles worldwide, increasing demand of performance products, launch of improved products, increasing awareness towards benefits of fuel additives, availability of funds for favourable research scenario, emission norms by governments, are some of the key factors propelling market growth in the industry. However, rising prevalence of electronic vehicles, high cost of the additives, unavailability of products throughout the globe, low awareness among end users towards fuel additives are the major hinderances for the market growth during 2019-2026
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Key companies analyzed in the report include:
Lubrizol Corporation, Chevron Oronite, Afton Chemicals, ExxonMobil, LanXess, Innospec, Dorf Ketal, Total Power, STP (Danburry), Gold Eagle, Lubrita (Europe)
The global Fuel Additives market research report is an investigative study that includes accurate market insights, crucial market facts, and key statistical information to offer clear picture of the Fuel Additives market to readers, clients, industry professionals, stakeholders, and businesses.
The market research report offers a thorough assessment of the key companies operating in the market and provides a comprehensive overview of their company overview, product portfolio, manufacturing and production capacity, R&D activities, gross profit, global market position, financial standing, sales network and distribution channels, and product developments. It also provides exhaustive analysis of the recent strategic alliances such mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, and agreements, among others.
Function Type (Revenue, USD Million; 2016–2026)
Performance Additives
Corrosion Protection
Deposit Prevention
Flow Improvement
Application Type (Revenue, USD Million; 2016–2026)
Automobiles
Refinery
Others
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Regional analysis section covers assessment of key geographical regions of the world where the market has already established its presence. Key region analyzed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report analyzes on the basis of production and consumptions, import/export, supply and demand, product developments, presence of key players in each region, their strategic initiatives, consumer demands, current and emerging trends, and other macro- and micro-economic factors affecting the growth of the market in the region.
Regional analysis covers:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Further key findings from the report suggest
- Fuel Additives market is growing at a CAGR of 6% in Asia Pacific followed by North America and Europe, with 4.0 % and 3.0% CAGR, respectively. High growth of the automobile sector across the globe is the key factor to accelerate the market growth during forecast period across all regions
- Global automotive market is expected to register high growth, with sales soaring to a staggering 82.1 million in 2019
- North America is growing at a CAGR of 4 percent; owing to the stringent emission regulations exercised in the region. It is the major source of revenue for the fuel additives market
- Asia Pacific is expected to account for the 27% of the global Fuel Additives market. Developing nations such China, and India are likely to witness high growth
- Changing environmental regulations and requirements for fuel to meet emission standards is the key factor to drive the market growth during the forecasted period, 2019-2026
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