Press release
Global Specialty Fuel Additives Market Top Key Industry Players: Total, Evonik, Clariant, BASF, Baker Hughes, a GE company, GE Water & Process Technologies, The Lubrizol Corporation, Nalco Champion, An Ecolab Company
Specialty Fuel Additives Market
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Gasoline fuel additives market is projected to surpass 1,100 kilo tons of consumption by 2023. Top Tier Detergent Gasoline (TTDG) formation will drive the business growth in the U.S. TTDG is a performance specification designed and followed by automobile manufacturers. Diesel application will witness substantial growth in the Asia Pacific with projected gain of over 6% by 2023 subject to significant diesel consumption in Asia, primarily in China, India and Indonesia.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Afton Chemica
2. Albemarle Corporation
3. Baker Hughes, a GE company
4. BASF
5. Chemtura Corporation
6. Chevron Oronite Brasil Ltda
7. Clariant
8. Dorf Ketal
9. Angus Chemical Company
10. EURENCO
11. Evonik
12. GE Water & Process Technologies
13. Infineum
14. Innospec Inc.
15. The Lubrizol Corporation
16. Nalco Champion, An Ecolab Company
17. Rheochemie Gmbh
18. Total
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Deposit control specialty fuel additives demand was over 600 kilo tons in 2015. Increasing technological innovations in engines and injection systems are driving the product penetration. The product is extensively used in prevention from deposits including sludge and soot in gasoline and diesel.
Cold flow improvers market is poised to witness gains at over 8% by 2023. Surge in demand for low sulfur content diesel will drive the product demand, as cold flow improvers reduce the sulfur content on addition in diesel.
Specialty Fuel Additives Market By Product
• Deposit Control Additives
• Cetane Improvers
• Antioxidants
• Corrosion Inhibitors
• Lubricity Improvers
• Cold Flow Improvers
• Others
Specialty Fuel Additives Market By Application
• Gasoline
• Diesel
• Aviation Turbine Fuel
• Others
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North America specialty fuel additive Market is set to grow over USD 6 billion by 2023. Regulatory initiatives by U.S. Environment Protection Agency against rising gasoline and diesel consumption will boost the industry growth. Gasoline fuel additive industry will witness maximum gains at over 6% by 2023.
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.
Global specialty fuel additives market share 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.
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.
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