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Fuel Additives Market – worth US$ 7.0 billion by 2030 registering a significant CAGR 2.5% over the forecast period.

Fuel Additives Market PMI

Fuel Additives Market, By Product Type (Deposit Control, Cetane Improvers, Lubricity Additives, Antioxidants, Anticorrosion, Cold Flow Improvers, Antiknock)

COVINA, CALIFORNIA , UNITED STATES, May 3, 2023/EINPresswire.com/ — Fuel additives are chemical compounds that are added to fuels to enhance their performance, improve their efficiency, and reduce harmful emissions. The fuel additives industry encompasses a wide range of products, including gasoline and diesel additives, lubricity additives, octane boosters, certain improvers, corrosion inhibitors, and antioxidants.
The primary goal of fuel additives is to improve fuel quality and optimize engine performance. For example, additives can increase the octane rating of gasoline, allowing engines to operate at higher temperatures and pressures without detonation, which can cause engine damage. Similarly, diesel fuel additives can improve fuel efficiency, reduce emissions, and prevent engine wear.

• FORMAT:(PDF)

• NO OF PAGES:167

. BASEYEAR: 2022

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Analyst View:

The fuel additives industry is expected to grow due to the increasing demand for fuel-efficient vehicles and the need for stricter environmental regulations. As countries strive to reduce greenhouse gas emissions and combat climate change, the use of fuel additives can help reduce harmful emissions and improve fuel efficiency. Additionally, the growing demand for high-performance fuels and lubricants in industries such as aviation, marine, and automotive is expected to drive the growth of the fuel additives market.

Fuel Additives industry by overview:

The fuel additives industry is a global market that produces and sells various chemical compounds that are added to fuels to improve their performance, efficiency, and reduce harmful emissions. Fuel additives can be used in gasoline, diesel, aviation fuels, and other petroleum-based products. The market is expected to continue growing due to various factors, including the need for cleaner and more efficient fuels, the increasing demand for high-performance fuels and lubricants, and stricter environmental regulations.

The fuel additives industry is segmented into different types, including ketone improvers, corrosion inhibitors, antioxidants, lubricity improvers, cold flow improvers, and deposit control additives. Each type of additive has specific benefits and is designed to address a particular issue in fuel.

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Key players:

• Afton Chemical

• Baker Hughes (General Electric)

• Chevron Corporation

• BASF SE

• Clariant

• Croda International PLC

• Dorfketal Chemicals (I) Pvt Ltd.

• Eni SpA, Evonik Industries AG

• Exxon Mobil Corporation

Segmentation:

By Type:

• Cetane Improvers

• Antioxidants

• Lubricity Improvers

• Cold Flow Improvers

• Deposit Control Additives

• Corrosion Inhibitors

• Octane Boosters

• Others

By Application:

• Gasoline

• Diesel

• Aviation Fuels

• Others

By Region:

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• Latin America

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Fuel Additives by Industry News:

Afton Chemical Corporation, a leading fuel and lubricant additive supplier, announced the opening of its new chemical additive manufacturing facility in Singapore. The facility will produce fuel and lubricant additives for the Asia Pacific market, catering to the growing demand for high-quality and high-performance fuels.

Inspect Inc. has launched a new deposit control additive that helps reduce engine deposits and improves fuel economy. The product is designed to be used in gasoline and ethanol-blended fuels and has been approved by major OEMs and fuel marketers.

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Shweta Raskar
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Originally published at https://www.einpresswire.com/article/631480191/fuel-additives-market-worth-us-7-0-billion-by-2030-registering-a-significant-cagr-2-5-over-the-forecast-period

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