According to the most recent analysis by Emergen Research, the global market for fuel performance additives had a value of USD 6.01 billion in 2021 and is anticipated to grow at a rate of 4.15% during the projected period. Government policies that favour increased fuel efficiency are a key driver in the market's revenue growth. Fuel additives are chemicals that boost the functionality and calibre of the fuels used in autos. By increasing a gasoline's octane rating, serving as corrosion inhibitors, lubricants, or both, they make it possible to employ greater compression ratios for better economy and power.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Fuel Performance Additives according to the impact of COVID-19.
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The leading market contenders listed in the report are:
BASF SE, Evonik, Afton Chemical, LANXESS, The Lubrizol Corporation, Dorf Ketal, Cummins Inc., Chevron Corporation, ChemPoint, Solvay, Dow
Key reasons to buy the Global Fuel Performance Additives Market report:
- The latest report comprehensively studies the global Fuel Performance Additives market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Fuel Performance Additives Market
Type Outlook (Revenue, USD Billion; 2019–2030)
- Deposit Control Additives
- Lubricity Improvers
- Antioxidants
- Cold Flow Improvers
- Anticorrosion
- Cetane Improvers
- Antiknock Agents
- Gasoline Stabilizers
- Octane Boosters
- Others
Application Outlook (Revenue, USD Billion; 2019–2030)
- Gasoline
- Aviation Fuel
- Diesel
- Others
End-use Outlook (Revenue, USD Billion; 2019–2030)
- Chemical & Petrochemical
- Automotive
- Oil & Gas
- Power & Energy
- Food & Beverages
- Others
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Regional Outlook of the Fuel Performance Additives Market
The global Fuel Performance Additives market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Fuel Performance Additives market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Fuel Performance Additives Market report:
- The latest report comprehensively studies the global Fuel Performance Additives market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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