Press release
Fuel Additives Market | Key players operating in the market include Afton Chemical Corp, The Lubrizol Corp, Innospec, BASF SE, LANXESS AG
According to recent market research "Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) - Global Forecast to 2026", The fuel additives market is projected to reach USD 7.1 billion by 2026, at a CAGR of 3.4% from USD 6.0 billion in 2021.
Browse 361 market data Tables and 66 Figures spread through 303 Pages and in-depth TOC on "Fuel Additives Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fuel-additives-market-723.html
Lubricity improver fuel additives are added to improve the lubricity of hydro-treated diesel fuels. These additives contain a polar group that is attracted to metal surfaces, which helps to form a thin surface film. The film acts as a boundary lubricant when two metal surfaces come in contact. Most ULSD fuels contain a lubricity additive that is used to meet the various lubricity specifications. As sulfur is a natural lubricant, its reduction in the fuel necessitates the usage of lubricity improvers.
The fuel additives market size for gasoline accounted for the second-largest share of global fuel additives after diesel, in terms of value, in 2020 this was led by the demand from the automotive industry. Most of the countries are expected to continue using unleaded gasoline fuel with a relatively higher dosing of additives than normal gasoline. Gasoline consumption is expected to increase worldwide and, subsequently, the consumption of fuel additive is expected to increase to meet the stringent environmental norms, especially in North America. This will drive the market during the forecast period.
For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=723
The fuel additives market size is estimated to be USD 6.0 billion in 2021 and is expected to reach USD 7.1 billion by 2026, at a CAGR of 3.4% during the forecast period. Factors such as stringent government regulations and an increase in automotive production in emerging economies will drive the fuel additives market. The major restraint for the market will be rise in demands for alternative fuels and growth in demand of hybrid vehicles. However, increasing demand for ultra-low fuel diesel will act as an opportunity for the market.
The key market players profiled in the report include Afton Chemical Corporation (US), The Lubrizol Corporation (US), Innospec Inc. (US), BASF SE (Germany), EvonikIndustries AG (Germany), LANXESS AG, Chevron Oronite Company LLC (US), Dorf Ketal Chemicals (US), Infineum International Limited (UK), Cummins Inc.(US), Total SA (France), Baker Hughes (US), Clariant AG(Switzerland), Croda International PLC (UK), ENI SPA (Italy), Chempoint Solutions Company (US), Solvay S.A.(Belgium), Huntsman Corporation(US), The Dow Chemical Corporation (US), Eastman Chemical Corporation (US), Petroleum Logistics(US), Iftex Oil & Chemicals Ltd.(India), Eastern Petroleum(India), Lucas Oil Products Inc.(US) and Lubricant Engineers (US).
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=723
EvonikIndustries AG, Afton Chemical Corporation and Innospec Inc. are major players in fuel additives market. In order to strengthen and expand its geographical reach, the company is focusing on expansion. For instance, In November 2020, EvonikIndustries AG opened a new oil additives performance testing lab in Shanghai China. This new performance testing lab aims to serve customers in China and Asia Pacific region, this will strengthen Evonik’scommitment to support customers with formulation development, lab testing and performance demonstration in real world conditions. In July 2019, the company invested in capacity expansion for oil additives. It increased 15% capacity for Polyalkylmethacrylate (PAMA)-based oil additives. The capacity expansion was through investment in global production landscape and debottlenecking.
In September 2018, Afton Chemical Corporation completed the expansion of its Chemical Additive Manufacturing Facility in Jurong Island, Singapore. This has helped it to strengthen its presence in the Asian market.
In April 2021, Innospec Inc. launched a new product named Trident for bunker fuel additive packages to improve fuel stability and combustion efficiency. The types of stability additives under the brand name Trident are Trident 100,120,200,290.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/fuel-additives.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/fuel-additives-market.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Browse 361 market data Tables and 66 Figures spread through 303 Pages and in-depth TOC on "Fuel Additives Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fuel-additives-market-723.html
Lubricity improver fuel additives are added to improve the lubricity of hydro-treated diesel fuels. These additives contain a polar group that is attracted to metal surfaces, which helps to form a thin surface film. The film acts as a boundary lubricant when two metal surfaces come in contact. Most ULSD fuels contain a lubricity additive that is used to meet the various lubricity specifications. As sulfur is a natural lubricant, its reduction in the fuel necessitates the usage of lubricity improvers.
The fuel additives market size for gasoline accounted for the second-largest share of global fuel additives after diesel, in terms of value, in 2020 this was led by the demand from the automotive industry. Most of the countries are expected to continue using unleaded gasoline fuel with a relatively higher dosing of additives than normal gasoline. Gasoline consumption is expected to increase worldwide and, subsequently, the consumption of fuel additive is expected to increase to meet the stringent environmental norms, especially in North America. This will drive the market during the forecast period.
For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=723
The fuel additives market size is estimated to be USD 6.0 billion in 2021 and is expected to reach USD 7.1 billion by 2026, at a CAGR of 3.4% during the forecast period. Factors such as stringent government regulations and an increase in automotive production in emerging economies will drive the fuel additives market. The major restraint for the market will be rise in demands for alternative fuels and growth in demand of hybrid vehicles. However, increasing demand for ultra-low fuel diesel will act as an opportunity for the market.
The key market players profiled in the report include Afton Chemical Corporation (US), The Lubrizol Corporation (US), Innospec Inc. (US), BASF SE (Germany), EvonikIndustries AG (Germany), LANXESS AG, Chevron Oronite Company LLC (US), Dorf Ketal Chemicals (US), Infineum International Limited (UK), Cummins Inc.(US), Total SA (France), Baker Hughes (US), Clariant AG(Switzerland), Croda International PLC (UK), ENI SPA (Italy), Chempoint Solutions Company (US), Solvay S.A.(Belgium), Huntsman Corporation(US), The Dow Chemical Corporation (US), Eastman Chemical Corporation (US), Petroleum Logistics(US), Iftex Oil & Chemicals Ltd.(India), Eastern Petroleum(India), Lucas Oil Products Inc.(US) and Lubricant Engineers (US).
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=723
EvonikIndustries AG, Afton Chemical Corporation and Innospec Inc. are major players in fuel additives market. In order to strengthen and expand its geographical reach, the company is focusing on expansion. For instance, In November 2020, EvonikIndustries AG opened a new oil additives performance testing lab in Shanghai China. This new performance testing lab aims to serve customers in China and Asia Pacific region, this will strengthen Evonik’scommitment to support customers with formulation development, lab testing and performance demonstration in real world conditions. In July 2019, the company invested in capacity expansion for oil additives. It increased 15% capacity for Polyalkylmethacrylate (PAMA)-based oil additives. The capacity expansion was through investment in global production landscape and debottlenecking.
In September 2018, Afton Chemical Corporation completed the expansion of its Chemical Additive Manufacturing Facility in Jurong Island, Singapore. This has helped it to strengthen its presence in the Asian market.
In April 2021, Innospec Inc. launched a new product named Trident for bunker fuel additive packages to improve fuel stability and combustion efficiency. The types of stability additives under the brand name Trident are Trident 100,120,200,290.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/fuel-additives.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/fuel-additives-market.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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