Specialty Fuel Additives Market Scope, Segmentation Analysis & Top Overview Report Analysis 2020
Global Specialty Fuel Additives Market
Specialty fuel additives are defined as chemical compounds
which are formulated to improve both quality & efficiency of fuels. Various
specialty fuel additives like antifreeze treatment chemicals, fuel
antioxidants, and cold flow additives are most commonly used across end use
industries. Key operating players in the specialty fuel additives market are
focusing on producing products which are formulated to protect & improve
fuel quality in storage systems, during distribution and in transports.
The increase in consumption of fuel additives in the
automotive industry is a key driving factor which is expected to drive the
global specialty fuel additives market growth. Through the automotive sector
has witnessed its ups & downs, several characteristics regarding
manufacturing technique and buyers demands have drastically changed during this
forecast period. These additives facilitate unclogging of the blocked
injectors, eliminate knocking, and provide other parameters of fuel safety
& quality, are anticipated to boost the product demand across the
automotive industry.
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Also, the rise in levels of toxic emissions as a result of
fuel used in vehicles has led to an adverse impact on environment which is
expected to increase demand for specialty fuel additives across the globe. The
increase in trends of additives in biodiesel blends in Europe, and North
America to achieve efficient cold flow performance is anticipated to propel the
growth of global specialty fuel additives market growth.
The increase in demand for alternate fuels is a major challenge
faced by market which expected to hamper the global specialty fuel additive
market growth during this forecast timeframe. Also, huge investments in
research and development activities may limit the market growth.
Market Segmentation
The Global Specialty Fuel Additives Market is segmented into
product such as Deposit control additives, Lubricity improvers, Antioxidants,
Cetane improvers, Cold flow improvers, Corrosion inhibitors, and Others.
Further, market is segmented into application such as Diesel, Gasoline,
Aviation turbine fuel, and Others.
Also, the Global Specialty Fuel Additives Market is
segmented into five regions such as North America, Latin America, Europe, Asia
Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as
Evonik Industries AG, Chemtura Corporation, Infineum, Innospec, Lubrizol
Corporation, Chevron Oronite Company LLC, Dorf Ketal Chemicals LLC, Dow
Chemical Company, etc.
Market Taxonomy
By Product
·
Deposit control additives
·
Lubricity improvers
·
Antioxidants
·
Cetane improvers
·
Cold flow improvers
·
Corrosion inhibitors
·
Others
By Application
·
Diesel
·
Gasoline
·
Aviation turbine fuel
·
Others
By Region
·
North America
·
Latin America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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