World Fuel Additives Market Scrutinised by Infiniti Research in Insightful Report Now Available at MarketPublishers.com05 Feb 2016 • by Natalie Aster
LONDON – On a global level, the fuel additives market is poised to see stable growth at a CAGR of close to 8% through to 2019. The adoption of biofuels, such as ethanol and biodiesel, is projected to give a boost to the market for fuel additives owing to the use of corrosion inhibitors, antioxidants, cold flow improvers (CFIs), amid other products.
Meantime, the hike in the adoption of hybrid electric vehicles (HEVs) is anticipated to withhold this market’s growth moving forward. Being energy saving and eco-friendly, these HEVs offer a full spectrum of performance benefits such as enhanced acceleration and lower maintenance requirements. Governments worldwide are increasingly promoting the use of these vehicles as it leads to lower utilisation of traditional fuels and decreased levels of noise and air pollution.
The blending, shipping, and storage additive application segment captures around two-thirds of the overall fuel additives market, and it set to grow at 9% CAGR in the years to come. These additives are added to jet fuel, diesel and gasoline, in refinery blend plant and supply chain to improve their overall quality. Furthermore, they contribute to dealing with equipment corrosion problems, preservation of product quality, among others.
North America dominated the fuel additive market accounting for 39% of the total market as of 2014. The region is predicted to keep on being the market leader over the forecast period. The overall demand for fuel additives is set to expand to end-2019 on the back of the upsurge in the refinery output.
BASF, Afton, Infineum, Chevron Oronite, Lubrizol, Clariant, Nalco are amid the leaders in the fuel additives market space.
Insightful market study “Global Fuel Additives Market 2015-2019” elaborated by Infiniti Research includes a thorough analysis of the global market for fuel additives. It provides market size estimated data and forecasts in volume and revenue terms, analyses the market growth rates, and contains Porter’s five forces analysis for the market. It provides granular market segmentation by type, application, and geography-wise; examining each of the segments in question. The report identifies and assesses the drivers boosting the growth of the overall market as well as pinpoints the challenges to the sector’s growth. An analysis of the t rending factors having a bearing on the market shares of EMEA, APAC, North America, and RoW is included. The study canvasses the vendor landscape along with profiling the top companies, as well as projects the market development in the oncoming years.
Global Fuel Additives Market 2015-2019
Published: January, 2016
Price: US$ 3,000.00
More studies by the publisher are available at Infiniti Research page.