The Fuel Additives Market Accounted for $7.06 Billion in 2017 and is Expected to Reach $14.84 Billion by 2026, Growing at a CAGR of 8.6% – ResearchAndMarkets.com
DUBLIN –(BUSINESS WIRE)
The “Fuel Additives – Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Fuel Additives market accounted for $7.06 billion in 2017 and is expected to reach $14.84 billion by 2026 growing at a CAGR of 8.6%.
Some of the factors influencing the market growth are growing demand for efficient and low emission fuel from automobiles, increasing global passenger traffic and the diffusion of ultra-low sulphur diesel (ULSD). However, the rise in demand for alternate fuel vehicles (AFVs) is hampering the market growth.
Based on type of fuel, diesel fuel segment is projected to grow at a steady rate due to technological advancements, growing demand from the end-user industries and increase in usage of diesel at manufacturing plants and industrials. In addition, rising demand of vehicles with respect to increase in number of diesel vehicles is also favouring the market growth.
By geography, Asia Pacific is anticipated to grow at fastest rate led by growth of automobiles industry in emerging countries. However, North America is expected to dominate the regional segment owing to the stringent government regulations.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Fuel Additives Market, By Product
6 Global Fuel Additives Market, By Type of Fuel
7 Global Fuel Additives Market, By Application
8 Global Fuel Additives Market, By Geography
9 Key Developments
10 Company Profiling
- Cerion LLC
- Cummins Inc.
- The Lubrizol Corporation
- Baker Hughes Incorporated
- Afton Chemical Corporation
- Lubrizol Corporation
- BASF SE
- Evonik Industries AG
- Chemtura Corporation
- Fuel Performance Solutions Inc.
- Innospec Inc.
- Chevron Oronite Company LLC
- Infineum International Ltd.
- Total S.A.
- Dorf Ketal Chemicals India Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/fmv4kf/the_fuel?w=4
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Related Topics: Gasoline and Diesel, Fuel Additives
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