FORT WORTH, Texas, May 29, 2015 /PRNewswire/ --
The gasoline fuel additives market was valued at $920.9 million in 2014, which is estimated to reach $1,295.5 million by 2019, growing at a CAGR of 7.0% from 2014 to 2019.
Browse through the TOC of Gasoline Fuel Additives Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Gasoline fuel is second-largest application of fuel additives after diesel fuel. Fuel additives are designed to meet the increasingly stringent environment norms as several countries are implementing regulations to control emissions. Stringent environmental regulations, increasing demand for clean and efficient fuel, and depleting crude reserves are the key drivers for the fuel additives market. The gasoline additives market is witnessing an increase in demand owing to the increasing consumption of gasoline, which requires more dosing of additives.
New product developments and expansions are a key part of this market. Manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of gasoline fuel additives to match the new demands coming from various end-user industries.
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North America is the largest market for gasoline fuel additives, both in terms of volume and value, followed by Asia-Pacific, Europe, and South America. The key players in the global gasoline additives market are Afton Chemical Corporation (U.S.), Albemarle Corporation (U.S.), Chevron Oronite Company LLC (U.S.), Infineum International Ltd. (U.K.), Fuel Performance Solutions, Inc. (U.S.), and The Lubrizol Corporation (U.S.).
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