Global Specialty Fuel Additives Market Assessment and Revenue Gains of Key Players Forecasted during 2017-2022

Growing demand for fuel efficiency continues to remain a key reason contributing towards growth of the global specialty fuel additives market positively. However, imposition of government regulations is predicted to inhibit demand for the specialty fuel additives significantly. A recently compiled report by Fact.MR reveals that the global market of energy drinks is predicted to register a CAGR of 4.9% throughout 2022.

Factors Fuelling Growth of the Global Market

Growth of the global specialty fuel additive is expected to be bound by several macro and micro economic factors. Surge in demand for fuel efficiency is projected to influence growth of the global specialty fuel additive market positively. Demand for the specialty fuel additives is projected to remain concentrated in the automotive and aviation industry. Specialty fuel additive such as catene improvers continue to witness steady demand attributed to increasing rust and gum formation in the automotive industry.

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Over time, engine in the automotive products accumulate deposits in the intake ports and valves. Increasing accumulation of harmful deposits continue to hinder the operating efficiency of the automotive products. Accumulated deposits could restrict the airflow in the exhaust system, and the combustion chamber. Specialty fuel additives is likely to witness considerable demand for removing and cleaning of the harmful deposits accumulated in the engine of the automotive products. Further, demand for the specialty fuel additives such as catene improvers continues to be concentrated in the automotive and aviation industry in order to protect the equipment from rust and gum formations. Catene improvers, corrosion inhibitors and oxidation inhibitors witness moderate demand in the aviation and automotive industry to ensure protection from gum and rust formations.

While the outlook on specialty fuel additive remain positive, growing concerns regarding products that contribute towards pollution has led to shift in consumer preferences. Imposition of government regulations regarding environment-friendly products is likely to inhibit demand for the specialty fuel additives in the global market. Moreover, the specialty fuel additives does not feature in the approved list of products by the environment protection agency (EPA). This is likely to inhibit demand for the specialty fuel additives in the automotive and aviation industry. Change in consumer perspective and lack of government support can dip in global sales of the specialty fuel additives.

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Diesel Specialty to Represent a Leading Segment

With increasing need for reducing the ignition delays during combustion, demand for the cetane improvers is expected to rev up. The cetane improvers segment is expected to represent a value of over US$ 600 Mn by the end of 2022. The deposit control additives segment is expected to represent the second highest revenue growth in the global market by the end of 2022. However, the anitoxidants segment is expected to register the highest CAGR in the global market through 2022.

The diesel specialty segment is expected to represent a value of over US$ 500 Mn in the global specialty fuel additives market by the end of 2022. The gasoline segment is expected to represent the second highest revenue growth in the global market by the end of 2022. Moreover, this segment is expected to register the highest CAGR in the global market through 2022.

Consumption in the Automotive Industry

With time and rough usage, the engines accumulate harmful deposits that could block the injectors and disrupt the functioning of the engines. This could prevent the automotive to function smoothly and efficiently. Moreover, increasing demand for additives that help in removing and cleaning the accumulated deposits is likely to impact growth of the global market positively. Increasing need for unclogging the blocked injectors has led to an upsurge in demand for specialty fuel additives. Specialty fuel additives also help in burning the fuel in the cylinder after combustion, which helps in eliminating knocking. As specialty fuel additives resists knocking, the engine functions smoothly. Attributed to such factors, the manufacturers prefer using the specialty fuel additives that resist knocking in the engine, and enhances the functioning of the automotive.

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This release was published on openPR.