The report “Fuel Additives Market
by Applications (Diesel, Gasoline & Aviation), Types (Deposit
control, Antioxidant, Corrosion inhibitor, Lubricity & Cetane
improvers and others) - Global Trends & Forecast to 2019” defines
and segments the fuel additive market with an analysis and forecast of
the market size in terms of value. The fuel additive market size in
terms of value is expected to grow to $8,100 million by 2019, at a
significant CAGR from 2014 to 2019. It also determines the drivers and
restraints of the fuel additives market with an analysis of trends,
opportunities, burning issues, and winning imperatives.
Browse 137 market data tables and 38
figures spread through 298 pages and in-depth TOC on "Fuel Additives
Market by Applications (Diesel, Gasoline & Aviation), Types (Deposit
control, Antioxidant, Corrosion inhibitor, Lubricity & Cetane
improvers and others) - Global Trends & Forecast to 2019"
http://www.marketsandmarkets.com/Market-Reports/fuel-additives-market-723.html
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http://www.marketsandmarkets.com/Market-Reports/fuel-additives-market-723.html
Early buyers will receive 10% customization on reports.
The growing trend of improving fuel efficiency and
stringent environmental regulations, amid accelerating fuel consumption
along with escalating fuel prices has significantly contributed to the
growth of fuel additives. A majority of fuel additives are consumed in
diesel fuel applications. The diesel fuel additive market has been
driven by the increasing Ultra Low Sulphur Diesel (ULSD) and bio-based
diesel demand which requires significant amount of dosing.
The fuel additive market is currently led by North
America, but will continue to grow at a rapid pace in Asia-Pacific. By
2019, Asia-Pacific is expected to move ahead of North America in terms
of consumption of fuel additives. One of the key factors contributing to
this growth is the increased use of fuel additives in the emerging
Asia-Pacific economies, due to increasing fuel demand from the
developing economies such as China, Japan, and India. The North American
market for fuel additives will also continue to grow at a healthy rate
due to stricter enforcement of environmental regulations. The South
American market is expected to grow at high rate, partly due to low base
effect, and also due to the growing economies of Brazil and Argentina.
The Middle East and African region is likely to register sound growth
due to the abundance of oil producing nations in the region.
The fuel additive market is highly competitive with
the presence of many major companies and some smaller companies with
regional footprint. The industry is highly fragmented in terms of the
segments to which the products are offered. Due to the presence of a
large number of small players, the companies are constantly fighting to
capture more and more market share. Innospec Inc. (U.S.), BASF SE
(Germany), and The Lubrizol Corporation (U.S.), are the most active
companies in the fuel additives market. The top five companies together
comprise nearly 40% of the market share.
The report also covers the fuel additive market and
its trends on the basis of applications which are gasoline, diesel, and
aviation. The market for diesel fuel additives is the highest among all
the applications and is likely to continue to grow. Although gasoline
demand has been more or less stagnant and the requirement of fuel
additives is less, the fuel additives market is driven by the use of
unleaded gasoline which requires relatively higher dosing.
The commonly used additives are deposit control
additives such as detergents, carrier fluids, antifoam, dehazers, cetane
improvers, antioxidants, dyes & markers, lubricity improvers, cold
flow improvers, stability improvers, corrosion inhibitors, octane
improvers, and anti-icing. The deposit control additives capture the
maximum market share followed by cetane improvers, lubricity improvers,
antioxidants, and cold flow improvers. The market for stability
improvers is anticipated to increase due to its extensive requirement in
bio-based diesel.
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North - Dominion Plaza,
17304,Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
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