openPR Logo
Press release

Strategic Overview of the Fuel Additives Market | 2024

02-05-2018 12:27 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

/ PR Agency: Transparency Market Research Reports

As per the findings of a recent report by Transparency Market Research (TMR), the global fuel additives market is moderately consolidated in nature, with top three companies reserving 28.5% of the global shares in 2014. These three companies were Afton Chemical Corporation, The Lubrizol Corporation, and Innospec. Some of the other key vendors operating in the fuel additives market identified by the report are BASF, Clariant, Chevron Oronite, Infineum, and Nalco. While BASF is the leading fuel performance packages provider, Afton Chemical Corporation attains its superior position because of its offers of gasoline performance additives, lubricity, diesel fuel additives, and cold flow improvers.

Read Report Overview @
https://www.transparencymarketresearch.com/fuel-additives.html

As per the projections of the TMR report, the demand in the global fuel additives market will increment at a robust CAGR of 8.3% during the forecast period of 2015 to 2023, reaching a valuation of US$2.64 bn by the end of 2023, considerably up from its evaluated worth of US$1.62 bn in 2016. In the near future, the leading companies in this sector are expected to engage in research and development activities to develop new products that increase efficiency and gain advantage over their competitors. Strict regulatory pressure and heavy initial investment for R&D keeps the new players from entering this market.

Product-wise, the report segments the global fuel additives market into antioxidants including amines and hindered phenols, cetane improvers, deposit control additives, lubricity improvers, corrosion inhibitors, stability improvers, cold flow improvers, and others such as dyes and markets, fuel dehazers, and metal deactivators. Among these, deposit control fuel additives continue to enjoy a strong preference by the automotive industry as they are used to cut down the excessive amount of overconsumption that takes place due to the formation of deposits on the injector nozzles. Deposit control fuel additives significantly improve the efficiency of the automotive engine and are a requirement as per government regulations in various countries, owning to the measures taken by them to control fossil fuel consumption.

Application-wise, the TMR report studies the global fuel additives market in the categories of gasoline, diesel, aviation fuel, and others such as heating oils. Geographically, the report takes stock of the potential of fuel additives market in the regions of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Currently, North America serves substantially larger demand for fuel additives than other regions, which is a reflection of high awareness levels among the consumers regarding the benefits of fuel additives and stringent government regulations and standards. The growing consumption of ultra-low-sulfur diesel, which gives out very low emissions, is another trend favoring the increasing demand for fuel additives from the region of North America.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=982

Stringent environment regulations, depleting quality of crude oil, prosperity of the automotive industry, and growing demand for clean and efficient fuel are some of the key factors driving the global fuel additives market. On the other hand, advent of alternate fuels, huge investment required for research and development of latest technology, lack of awareness among the end users, and stagnant demand for high-end gasoline are a few factors challenging the fuel additives market from attaining its true potential. Nevertheless, increasing preference of ultra-low-sulfur diesel and rapid urbanization in Asia Pacific is expected to open new revenue opportunities for the vendors of this market.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Strategic Overview of the Fuel Additives Market | 2024 here

News-ID: 931142 • Views:

More Releases from Transparency Market Research Reports

High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers. The demand for crude oil is increasing
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027 Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon

All 5 Releases


More Releases for TMR

Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future. Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200 Among regions, North America,
TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the