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Fuel Additive Market by Top Players like Town of Newmarket, BASF SE, Innospec, Infineum International Limited, Albemarle Corporation, Baker Hughes Incorporated, LANXESS, Chevron Oronite Company LLC, The Lubrizol Corporation, Evonik Industries AG, Legal No
Press release from: Data Bridge Market Research
Global Fuel Additive Market was valued at USD 6.3 billion in 2017 and growing at a CAGR of 7.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Fuel Additive Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fuel additive market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global Fuel Additive Market
Some of the major players operating in the market are –
• Town of Newmarket,
• BASF SE,
• Infineum International Limited,
• Albemarle Corporation,
• Baker Hughes Incorporated,
• Chevron Oronite Company LLC,
• The Lubrizol Corporation,
• Evonik Industries AG,
• Legal Notice –
• Clariant among others.
Market Definition: Global Fuel Additive Market
Fuel additives are compounds formulated to enhance the quality and efficiency of fuels used in motor vehicles. They increase a fuel’s octane rating or act as corrosion inhibitors or lubricants, thus allowing the use of higher compression ratios for greater efficiency and power. Fuel additives can help to avoid problems such as rough idling, weak acceleration, stumbling and stalling. Fuel additives are available in a number of forms, such as liquid, powder or pill. They work in a number of different ways and claim to do various things to the fuel, including: Remove sludge, Control soot, Improve combustion, Act as a biocide etc. Any liquid that is added to the fuel supply of vehicles, either via the filler cap or other parts of the fuel system, is classified as a fuel additive. Fuel additives enhance engine performance, which allows further travel on gas infused with additives than would be possible otherwise. Engine maintenance is another common benefit of fuel additives.
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Market Segmentation: Global Fuel Additive Market
The Fuel Additive Market is Segmented based on:-
• End User Applications and
Based on Type the market is classified into:-
• Deposit Control Additives,
• Cetane Improvers,
• Corrosion Inhibitors,
• Lubricity Improvers,
• Dyes And Markers,
• Cold Flow Improvers,
• Stability Improvers,
• Octane Improvers,
• Anti-Icing Fuel Additives and other fuel additives.
Based on Application the market is classified into:-
• Diesel Fuel additives,
• Gasoline Fuel Additives,
• Aviation Fuel Additives and other
• Application Fuel Additives.
On the Basis of End User applications the market is classified into:-
• Diesel and others (aviation fuel, marine fuel, and heating oil).
Based on Geography the global fuel additive market report covers data points for 28 countries across multiple geographies namely:-
• North America &
• South America,
• Asia-Pacific and,
• Middle East & Africa.
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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