The global specialty fuel additives is expected to register a moderate growth attributed to considerable demand in the aviation and automotive industry. Growing need for efficient fuel performance and protection from rust and gum formation is expected to contribute towards growth
of the global market positively. This Fact.MR report discusses key prospects for growth of global specialty fuel additive market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
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Innovation has been a continuous requirement in the fuel additive business, mostly driven by legislation that changes the specification of fuels or demands the use of higher quality fuels. For instance, reduction of sulfur content in middle distillate fuels has substantiated the requirement to develop lubricity additives to shield diesel injector pumps. Rise in the demand for diesel exhaust particulate filters has propelled the growth of fuel borne catalyst additive products to aid regeneration, on-board filter cleaning of the particulate filter. Accordingly, specialty fuel additives have provided a bespoke performance-improving additive for use by fuel retailers.
Catene Improvers to Represent a Leading Segment
Cetane improvers are likely to sell more than the deposit control additives globally. However, demand for antioxidants is likely to grow at a relatively high pace in the global market. Currently, the cetane improvers segment is projected to represent more than US$ 600 Mn by 2022-end.
By application, the diesel specialty segment is projected to represent more than US$ 500 Mn in the global market of fuel additives by 2022-end. Sales of specialty fuel additives is likely to remain high in the diesel specialty products is projected to remain high as compared to gasoline products during the forecast period. Further, the diesel specialty application type segment is projected to register a relatively high CAGR in the global specialty fuel additive market through 2022.
Besides the automotive industry, the specialty fuel additives are witnessing considerable demand in the aviation industry. In order to clean and remove the deposits from the engine, specialty fuel additives are experiencing massive demand in the cleaning additives and deposit control additives. The ever-growing push to impede rust formation and impel fuel efficiency present sanguine picture for the specialty fuel additives market.
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https://www.factmr.com/report/268/specialty-fuel-additives-market
Specialty Fuel Additives Market: Overview
The report includes executive summary, overview section which offers deep dive analysis on specialty fuel additives market. Furthermore, the report on specialty fuel additives market incorporates the market outlook and market attractiveness analysis which are aimed at proving a coherent analysis on the specialty fuel additives market. The report also focuses on supply chain analysis, cost structure analysis, value projection and pricing analysis to offer readers with a holistic view on the specialty fuel additives market.
Consumption in the Automotive Industry
With time and rough usage, the engines accumulate harmful deposits that could block the injectors and disrupt the functioning of the engines. This could prevent the automotive to function smoothly and efficiently. Moreover, increasing demand for additives that help in removing and cleaning the accumulated deposits is likely to impact growth of the global market positively. Increasing need for unclogging the blocked injectors has led to an upsurge in demand for specialty fuel additives.
Specialty Fuel Additives Market: Competitive Landscape
Leading market players in the global specialty fuel additives market include BASF SE, Chevron Corp., Berkshire Hathaway, Inc., Ashland Inc., ExxonMobil Corporation, Evonik Industries AG, The Dow Chemical Company, E. I. du Pont de Nemours and Co, Afton Chemical Limited., and Baker Hughes, a GE Co.
of the global market positively. This Fact.MR report discusses key prospects for growth of global specialty fuel additive market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
Get Free Sample Report Here:
https://www.factmr.com/connectus/sample?flag=S&rep_id=268
Innovation has been a continuous requirement in the fuel additive business, mostly driven by legislation that changes the specification of fuels or demands the use of higher quality fuels. For instance, reduction of sulfur content in middle distillate fuels has substantiated the requirement to develop lubricity additives to shield diesel injector pumps. Rise in the demand for diesel exhaust particulate filters has propelled the growth of fuel borne catalyst additive products to aid regeneration, on-board filter cleaning of the particulate filter. Accordingly, specialty fuel additives have provided a bespoke performance-improving additive for use by fuel retailers.
Catene Improvers to Represent a Leading Segment
Cetane improvers are likely to sell more than the deposit control additives globally. However, demand for antioxidants is likely to grow at a relatively high pace in the global market. Currently, the cetane improvers segment is projected to represent more than US$ 600 Mn by 2022-end.
By application, the diesel specialty segment is projected to represent more than US$ 500 Mn in the global market of fuel additives by 2022-end. Sales of specialty fuel additives is likely to remain high in the diesel specialty products is projected to remain high as compared to gasoline products during the forecast period. Further, the diesel specialty application type segment is projected to register a relatively high CAGR in the global specialty fuel additive market through 2022.
Besides the automotive industry, the specialty fuel additives are witnessing considerable demand in the aviation industry. In order to clean and remove the deposits from the engine, specialty fuel additives are experiencing massive demand in the cleaning additives and deposit control additives. The ever-growing push to impede rust formation and impel fuel efficiency present sanguine picture for the specialty fuel additives market.
Browse Full Report with ToC Here:
https://www.factmr.com/report/268/specialty-fuel-additives-market
Specialty Fuel Additives Market: Overview
The report includes executive summary, overview section which offers deep dive analysis on specialty fuel additives market. Furthermore, the report on specialty fuel additives market incorporates the market outlook and market attractiveness analysis which are aimed at proving a coherent analysis on the specialty fuel additives market. The report also focuses on supply chain analysis, cost structure analysis, value projection and pricing analysis to offer readers with a holistic view on the specialty fuel additives market.
Consumption in the Automotive Industry
With time and rough usage, the engines accumulate harmful deposits that could block the injectors and disrupt the functioning of the engines. This could prevent the automotive to function smoothly and efficiently. Moreover, increasing demand for additives that help in removing and cleaning the accumulated deposits is likely to impact growth of the global market positively. Increasing need for unclogging the blocked injectors has led to an upsurge in demand for specialty fuel additives.
Specialty Fuel Additives Market: Competitive Landscape
Leading market players in the global specialty fuel additives market include BASF SE, Chevron Corp., Berkshire Hathaway, Inc., Ashland Inc., ExxonMobil Corporation, Evonik Industries AG, The Dow Chemical Company, E. I. du Pont de Nemours and Co, Afton Chemical Limited., and Baker Hughes, a GE Co.
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