Press release
Specialty Fuel Additives Market 2016 to 2023 Top Manufacturers – BASF, Infineum, Innospec, Albemarle, Afton, Angus, Clariant International, Baker Hughes, Chevron Oronite
MarketStudyReport.com adds a new Specialty Fuel Additives Market research report for the period of 2016-2023 that focuses on the major drivers and restraints for the Global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The report spread across 130 pages with tables and figures in it.Upsurge in demand for high fuel performance in to attain efficiency and control emissions along with biodiesel industry expansion will escalate the specialty fuel additives market demand. Increasing stringent environment regulations in U.S., EU and China, for sustainable resources adoption will positively influence specialty fuel additives industry growth. Enhancing power output, emphasize on limited energy consumption and prevention from corrosive effects are key beneficial properties encouraging product usage.
Specialty Fuel Additives Market size will surpass USD 10 billion valuation by 2023; according to a new research report.
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Diesel applications is anticipated to witness over 6% over the forecast timespan. Increasing usage of ultra-low sulfur diesel (ULSD) in China and U.S. will fuel the industry growth. India and China markets will be driven by extensive diesel usage coupled with advancements will further fuel the specialty fuel additives market growth.
Gasoline additives market will be worth over USD 4 billion by 2024. Consistent innovations in Top Tier Detergent Gasoline (TTDG) associated with its effective detergency and inhibit deposit formation will support growth in this segment.
Cetane improvers market will be worth over USD 950 million by 2023. Enhancement in cetane number for better performance and in economy measures will drive the specialty fuel additives market growth in this segment. Increasing LPG and CNG consumption along with government promotions and subsidies to promote ecofriendly products may impose threat to global specialty fuel additives market demand.
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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.
North America industry volume was over 25% of the global consumption in 2015. Regulatory initiatives by the EPA, U.S. along increasing diesel and gasoline consumption will trigger the industry growth. North America specialty fuel additives market from gasoline will surpass USD 1 billion.
Europe specialty fuel additives will witness gains at over 5% by 2024. Additive production expansion to meet regulatory agencies standards will facilitate regional industry growth. Middle East & Africa will register over 6% CAGR. Euro IV standard busses launch in Dubai to promote sustainable environment are key trending factors.
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.
Related Reports: -
2017 Global and Regional Specialty Fuel Additives Market Research Report Forecasts 2022
This report focus on Global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from Global and major regions such as Europe, North American, South American, Asia (Excluding China), China and etc. Data type include capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export and etc.
https://www.marketstudyreport.com/reports/2017-global-and-regional-specialty-fuel-additives-market-research-report-forecasts-2022//?utm_source=RR-SP
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