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Global Aftermarket Fuel Additives Market 2019 By Key Players : Lubrizol Corporation, Chevron Corporation, Total S.A.

04-23-2019 10:49 AM CET | Science & Education

Press release from: Global Aftermarket Fuel Additives Market

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Researchmoz added Most up-to-date research on "Aftermarket Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its huge collection of research reports.

Global Aftermarket Fuel Additives Market: Overview

Aftermarket fuel additives are employed to improve the performance of gasoline and diesel fuel. They are utilized for preemptive maintenance and also to reduce fuel-related issues. Aftermarket fuel additives help resolve issues such as engine performance, lost fuel economy, poor drivability, and excessive emissions. Aftermarket products are used to clean the components in which the lubricant operates, in order to enhance the performance of the lubricant itself.

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Global Aftermarket Fuel Additives Market: Market Dynamics

Rising demand for aftermarket fuel additives is primarily driven due to the adherence to stringent environmental emission control regulations. Consequently, the aftermarket fuel additive market has expanded at a significant growth rate due to adherence to the various norms and regulations about carbon emission.

Aftermarket fuel additives offer a wide range of benefits; however, awareness about them is low. This is primarily due to the utilization of aftermarket fuel additives only in the oil & gas industry, along with the lack of awareness of aftermarket fuel additives among consumers. Moreover, the non-availability of aftermarket fuel additives as a retail product in developing and under-developed countries, further hampers its market.

The implementation of the Renewable Energy Directive (RED), which requires 10% of energy used in transport to be from renewable sources by 2020, and secondly, the Fuel Quality Directive (FQD) requires fuel suppliers to reduce the greenhouse gas intensity of energy supplied for road transport by 6% by 2020, supported the usage of aftermarket fuel additives.

The chemical industry’s competitive landscape is changing rapidly. The discovery of shale gas in the U.S. is driving the supply base of the chemical industry towards the West. Meanwhile, the demand base of the chemical industry continues to move to emerging markets, though at volatile growth rates which means the most attractive markets are changing from one year to the next. This lack of visibility is increasing the risk of supply chain disruption, which is anticipated to dramatically impact the market. Therefore, manufacturers are focusing on key markets to fuel their growth. This is anticipated to have a considerable impact on the market for aftermarket fuel additives during the forecast period.

Global Aftermarket Fuel Additives Market: Competitive Landscape

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report Afton Chemical Corporation, Lubrizol Corporation, Chevron Corporation, Total S.A., and Evonik. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

The global aftermarket fuel additives market has been segmented as follows:

Aftermarket Fuel Additives Market – Product Analysis

Octane Booster
Cetane Improver
Corrosion Inhibitor
Antioxidants
Deposit Control
Cold Flow Improver
Combustion Improver
Anti-icing
Dehazer/Demulsifier
Biocide
Others

Aftermarket Fuel Additives Market – Fuel Type Analysis

Gasoline
Diesel
Others

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Aftermarket Fuel Additives Market – End-user Industry Analysis

Automotive
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Oil & Gas
Others
Aftermarket Fuel Additives Market – Regional Analysis

North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

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ResearchMoz added Latest Research Report titled " Aftermarket Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025 " to it's Large Report database. Global Aftermarket Fuel Additives Market: Overview Aftermarket fuel additives are employed to improve the performance of gasoline and diesel fuel. They are utilized for preemptive maintenance and also to reduce fuel-related issues. Aftermarket fuel additives help resolve issues such as engine performance,

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