Global Market Insights, Inc. adds new Specialty Fuel Additives Market size which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.
Upsurge in demand for high fuel performance in to attain efficiency and control emissions along with biodiesel industry expansion will escalate the specialty fuel additives market demand. Increasing stringent environment regulations in U.S., EU and China, for sustainable resources adoption will positively influence specialty fuel additives industry growth. Enhancing power output, emphasize on limited energy consumption and prevention from corrosive effects are key beneficial properties encouraging product usage.
Diesel applications is anticipated to witness over 6% over the forecast timespan. Increasing usage of ultra-low sulfur diesel (ULSD) in China and U.S. will fuel the industry growth. India and China markets will be driven by extensive diesel usage coupled with advancements will further fuel the specialty fuel additives market growth.
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Gasoline additives market will be worth over USD 4 billion by 2024. Consistent innovations in Top Tier Detergent Gasoline (TTDG) associated with its effective detergency and inhibit deposit formation will support growth in this segment.
North America industry volume was over 25% of the global consumption in 2015. Regulatory initiatives by the EPA, U.S. along increasing diesel and gasoline consumption will trigger the industry growth. North America specialty fuel additives market from gasoline will surpass USD 1 billion.
APAC specialty fuel additives market from diesel is estimated to surpass USD 1 billion by 2023, with estimated CAGR over 7%. Expansion in automotive industry owing to resource availability China and India will enhance the overall regional industry growth.
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Global specialty fuel additives market size is competitive and moderately consolidated in nature. NewMarket, BASF, Infineum and Innospec were among the key industry participants. Other companies include Albemarle, Afton, Angus, Clariant International, Baker Hughes, Chevron Oronite, Chemtura, Evonik, EURENCO and Lubrizol.
Specialty fuel additives market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2012 to 2023, for the following segments:
Specialty Fuel Additives Market By Product
- Deposit Control Additives
- Cetane Improvers
- Corrosion Inhibitors
- Lubricity Improvers
- Cold Flow Improvers
Specialty Fuel Additives Market By Application
- Aviation Turbine Fuel
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- Latin America
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.