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Fuel Additives Market Analysis, Size, Current Scenario and Future Prospects

01-22-2025 03:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Fuel Additives Market

Fuel Additives Market

The global fuel additives market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period (2024-2031). The increased demand for fuel from the end-user industries has driven the demand for fuel additives market across the globe. This industry requires a lot of R&D, therefore the ongoing R&D to develop efficient fuel additive is a key factor driving the growth of the global fuel additives market. NYK and Nippon Yuka Kogyo have been investigating the properties of VLSFO as one of the measures to comply with SOx emission requirements, and in 2019 developed the sludge-dispersing fuel oil additive Yunic 800VLS. In May 2022, they observed Yunic 800Eco enhances sludge dispersion and improves combustion. In three fuel consumption ratio reduction tests conducted with compliant fuel oils in Japan and overseas, we observed fuel consumption was reduced by up to 1.2% compared to when the additive was not used, and carbon monoxide (CO) emissions were also reduced.

Download Full PDF Sample Copy of Fuel Additives Market Report @ https://www.omrglobal.com/request-sample/fuel-additives-market

In December 2020, Scientists from the Indian Institute of Technology Gandhinagar (IITGN) have developed a highly efficient additive for rocket propellants that may reduce the effective fuel weight and help carry more payload to space. The new class of nano-additives results in a superlative enhancement in the performance of solid propellants used in rocket propulsion systems. While conventionally used fuel such as ammonium perchlorate (AP), widely in rocket propulsion systems, require several additives to improve performance, the scientists said these can take up to 30 per cent of the total weight of the fuel. "The nano-sheet form of the material is making it rich in catalytic activity as the surface area for its reaction is significantly increased.

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Market Coverage

• Segment Covered-

o By Product type

o By Application

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- including Afton Chemical Corp., The Lubrizol Corp., Innospec Inc., BASF SE, and Chevron Corp. among others.

Key questions addressed by the report

• What is the market growth rate?

• Which segment and region dominate the market in the base year?

• Which segment and region will project the fastest growth in the market?

• Who is the leader in the market?

• How are players addressing challenges to sustain growth?

• Where is the investment opportunity?

Global Fuel Additives Market Report Segment

By Product Type

Deposit Control
Cetane Improvers
Lubricity Additives
Antioxidants
Anticorrosion
Cold Flow Improvers
Antiknock Agents
Other Product Types

By Application

Diesel
Gasoline
Jet Fuel
Other Applications


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Information or Query, Visit @ https://www.omrglobal.com/industry-reports/fuel-additives-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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