Specialty Fuel Additives Market Revenue to Witness Steady Growth Through 2023
Specialty Fuel Additives Market
The size of Specialty Fuel Additives Market is set to exceed USD 10 billion by 2023 as per the research done by Global Market Insights, Inc.
Gasoline fuel additives market is projected to surpass 1,100 kilo tons of consumption by 2023. Top Tier Detergent Gasoline (TTDG) formation will drive the business growth in the U.S. TTDG is a performance specification designed and followed by automobile manufacturers. Diesel application will witness substantial growth in the Asia Pacific with projected gain of over 6% by 2023 subject to significant diesel consumption in Asia, primarily in China, India and Indonesia.
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Deposit control specialty fuel additives market is set to grow over 6% by 2023. Increasing vehicle manufacturing facilities will positively impact the business growth. Global motor vehicle production form 80 million units in 2011 to 90 million units in 2015. Cetane number is the most important component of a fuel. Improvers are added to diesel to reduce ignition delays in engine. Global cetane improvers market is set to exceed USD 970 million by 2023 subject to increased ultra-low sulfur diesel consumption.
North America specialty fuel additives Market is set to grow over USD 6 billion by 2023. Regulatory initiatives by U.S. Environment Protection Agency against rising gasoline and diesel consumption will boost the industry growth. Gasoline fuel additive industry will witness maximum gains at over 6% by 2023.
Browse key industry insights spread across 130 pages with 71 market data tables & 17 figures & charts from the report, “Specialty Fuel Additives Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/specialty-fuel-additives-market-report
Resource availability in China coupled with expansion of automotive sector will enhance the Asia Pacific specialty additive industry growth. Increasing commercial vehicles in developing countries will boost the demand for Diesel consumption. Diesel additives market will witness maximum regional growth at over 8% by 2023.
Middle East and Africa Specialty Fuel Additives Market will witness significant growth at over 6% by 2023. Government of Dubai initiated the adoption of EURO IV standards for public buses to promote sustainable environment.
Notable industry participants in LNG bunkering industry are Infineum, New Market, BASF, Innospec, Angus, Afton, Albemarle, Baker Hughes, Chemtura, Evonik, Chevron Oronite, EURENCO, Clariant International and Lubrizol.
Specialty Fuel Additives Market of Table of Content (ToC):
Chapter 4 Specialty Fuel Additives Product Insights
4.1 Specialty fuel additives market volume share by product, 2015 & 2023
4.2 Deposit control additives
4.2.1 Market estimates & forecast, 2012-2023
4.2.2 Market estimates & forecast by region, 2012-2023
4.3 Cetane improvers
4.3.1 Market estimates & forecast, 2012-2023
4.3.2 Market estimates & forecast by region, 2012-2023
4.4 Antioxidants
4.4.1 Market estimates & forecast, 2012-2023
4.4.2 Market estimates & forecast by region, 2012-2023
4.5 Lubricity improvers
4.5.1 Market estimates & forecast, 2012-2023
4.5.2 Market estimates & forecast by region, 2012-2023
Continued...
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