DUBLIN, December 8, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/9dzcp9/fuel_additives) has announced the addition of the "Fuel Additives Market by Application, by Type and by Regions - Global Trends & Forecasts to 2020" report to their offering.
The fuel additives market is estimated at USD 6.2 Billion in 2015 and is projected to reach 8.6 billion by 2020 with a CAGR of 6.9% between 2015 and 2020.The fuel additives also improve the engine life and result in improved vehicle performance. The stringent environmental regulations on fuel emission are projected to drive the growth for fuel additives across the globe. The increasing demand for fuel efficiency and better combustion will also catalyze the fuel additives market.
There fuel additives demand for diesel fuel application is witnessing an upsurge due to the increasing demand for Ultra Low Sulfur Diesel (ULSD) across the globe. The ULSD requires extra dose of fuel additives. The worldwide increase in the number of diesel vehicles has resulted in the rising demand.
Currently, North America is the global leader in the fuel additives market. However, Asia-Pacific is projected to be the global leader in fuel additives market by 2020. The growing construction, manufacturing, and automobile industries in the region with few strict regulations on fuel utilization and emission controls are estimated to drive the market for fuel additives in Asia-Pacific. There is huge demand for moderate quality fuel additives as the region is price sensitive toward the fuel market. The easy availability of feedstock and low labor cost has made Asia-Pacific the global manufacturing hub which has resulted in the growth of various industries.
The increase in demand for Alternate Fuel Vehicles (AFVs) is estimated to be a restraining factor for growth of fuel additive market. These vehicles offer a substitute for current gasoline vehicles and may amount to a considerable share of the automobile market in the coming years. Another restraining factor is the high R&D cost in terms of man hours, materials, and technology.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Fuel Additives Market, By Type
8 Fuel Additives Market, By Application
9 Fuel Additives Market, By Region
10 Competitive Landscape
11 Company Profiles
- Afton Chemical Corporation
- Basf Se
- Cerion Llc
- Chemtura Corporation
- Chevron Oronite Company Llc
- Cummins Inc.
- Dorf Ketal Chemicals India Pvt. Ltd.
- Evonik Industries Ag
- Fuel Performance Solutions Inc.
- Infineum International Ltd.
- Innospec Inc.
- The Lubrizol Corporation
For more information visit http://www.researchandmarkets.com/research/9dzcp9/fuel_additives
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SOURCE Research and Markets