Global Aftermarket Fuel Additives Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
The aftermarket fuel additives market is expected to register a moderately high growth rate during the forecast period, 2018-2023. In 2017, North America dominated the global aftermarket fuel additives market.
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Market By Top Companies:
Chevron Oronite Company LLC, The Lubrizol Corporation, Afton Chemical Corporation, Total S.A. , Innospec Inc, BASF SE , Infineum International Ltd., Evonik Industries AG, and BG Products, Inc
Industry Research Coverage
Deposit Control Additives – The Majorly Used Aftermarket Fuel Additive
Fuel additives are used to enhance the qualities of the base fuel or to add new required performance features. In 2017, deposit control additives dominated the global aftermarket fuel additives market. The addition of deposit control additives (DCA) helps to keep the whole fuel system completely clean and free of extraneous matter. If they are not in adequate quantity in gasoline, harmful deposits can build up inside the engine. Owing to such factors, and various other advantages provided by them, they have acquired a significant importance in the aftermarket fuel additive market.
Gasoline – The Largest Application Market
In 2017, gasoline application dominated the global market. The growing demand for high performance gasoline owing to stringent emission regulations is driving the need for continuous advancements in equipment technologies, which, in turn, is driving up the need for aftermarket fuel additives in gasoline through the years. Furthermore, with ethanol usage rising continuously, the need for high performance gasoline has increased more than ever.
North America – the Dominating Regional Market
North America accounted for the largest market for aftermarket fuel additives primarily owing to the stringent emission regulations laid down by the Environmental Protection Agency (EPA). Furthermore, growing demand for improved fuel economy, more engine power, and better equipment protection by the consumers too has added to the growing market of aftermarket fuel additives in North America.
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May 2017: Cummins, Inc., the worlds largest manufacturer of diesel engines, officially endorsed and recommended two Power Service products (fuel additives) – Diesel Kleen + Cetane Boost and Diesel Fuel Supplement + Cetane Boost – for use in diesel engines
Major Players: Chevron Oronite Company LLC, The Lubrizol Corporation, Afton Chemical Corporation, Total S.A. , Innospec Inc, BASF SE , Infineum International Ltd., Evonik Industries AG, and BG Products, Inc., among others.
Major points covered in this research are:-
─Aftermarket Fuel Additives Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2023), Competition by Manufacturers
─Global Market Size (Value) of Aftermarket Fuel Additives (2020-2023)
─Global Aftermarket Fuel Additives Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2023)
─Global Aftermarket Fuel Additives Production, Revenue (Value), Price Trend by Type
─Global Aftermarket Fuel Additives Market Analysis by Application
─Global Aftermarket Fuel Additives Manufacturers Profiles/Analysis
─Aftermarket Fuel Additives Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Aftermarket Fuel Additives Market Forecast (2020-2023)
─Research Findings and Conclusion
Finally, this Aftermarket Fuel Additives report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Aftermarket Fuel Additives product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
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