The report titled “Fuel Additives Market” sheds a concentrated focus on the Fuel Additives industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
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The Fuel Additives Market is projected to reach USD 6.8 Billion by 2025, at a CAGR of 3.2% between 2020 and 2025.
Top Companies Profiled in the Fuel Additives Market:
- 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)
- Cerion LLC (US)
“The lubricity improvers segment is expected to be the fastest-growing type of fuel additives, in terms of value, between 2020 and 2025.”
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.
“Diesel is estimated to account for the largest share of the overall fuel additives market, in terms of value, between 2020and 2025.”
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.
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