Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Fuel additives are mixtures formulated to improve the quality and efficacy of fuels used in motor vehicles. They increase a fuel's octane rating or act as corrosion inhibitors or lubricants, therefore allowing the use of higher density ratios for greater efficiency and power. Fuel additives can help to avoid difficulties such as rough idling, weak acceleration, stumbling and stalling.
Enhancing the efficiency of fuel engines offers several benefits such as reduced costs, better running of vehicles and other machines, and increased life of the engine. Thus, the demand for fuel additives that can improve the quality of the fuel is likely to escalate to extraordinary levels in the coming years. Fuel efficiency is one of the most foremost concerns of the automotive sector which is progressively becoming the largest propeller of market demand. The credits along fuel lines frequently choke the injector nozzle and decrease the efficiency of the engine. To curb this, the government has executed strict guidelines on the automotive industry to avert the formation of deposits along fuel lines. Hence, the market for fuel additives is expected to reap tremendous demand over the coming years.
The report analyses the fuel additives market on the basis of type, application and geography.
The various types of fuel additives include Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Improvers, Corrosion Inhibitors, Anti-Icing Additives, Dyes & Markers etc. Deposit Control Additives (DCAs) consist of a polar head, then polarity of which is derived from oxygen or nitrogen molecules and a hydrocarbon tail which enables the additive to be fully fuel soluble. They are often referred to by the generic term detergents, but their function is different to that of conventional detergents used for washing and cleaning purposes. Similarly, lubricity improvers provide protection for the diesel engine components at a lower cost and with lower dosages than other types of lubricity additives. Additionally, stringent fuel regulations requiring lower sulfur content in fuels make lubricity improvers a critical additive to meet diesel specifications for lubricity.
This market finds application in diesel, gasoline and others. The diesel fuel additives segment is expected to dominate the market and is anticipated to account for the highest fuel additives market share owing to the rising use of fuel additives in diesel fuel to comply with the severe environmental standards applied by various countries including France, Germany, the UK, the US, and Canada.
Geographically, the global Fuel Additives market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World. Rest of the World comprises of Latin America and Middle East & Africa. North America is likely to be the largest fuel additives market during the forecast period. Globally, the region has been driving the market, in terms of demand as well as product innovation regarding quality and application development. Due to stringent environmental regulations, the fuel additives market is witnessing significant growth. The North American market is highly controlled with the Environment Protection Agency (EPA) playing an important role in the nursing and commercialization of fuel additives products.
Key players of the global Fuel Additives market are Innospec Inc., Chevron Oronite Company, The Lubrizol Corporation, Afton Chemical Corporation, Evonik Industries AG, BASF SE, Lanxess, Dorf Ketal Chemicals, Infineum International Limited and Cummins Inc. among others.
Food preservative is a substance or a chemical that is added to products such as food and beverages to prevent decomposition by microbial growth or by undesirable chemical changes. Fuel Additives prevent the natural characteristics of the food, preserve the appearance of the food and increases the shelf value of food for storage. Preservatives and antioxidants are used to assure the foods are safe, appealing, and taste fresh while transported and stored. Synthetic Fuel Additives revolutionized the food industry to ensure a longer shelf-life of food products. This has facilitated the widespread distribution and mass production of food as well as opened new markets.
The report analyses the Fuel Additives market on the basis of type, application and geography. Preservatives can be of two types, natural and synthetic. Natural preservatives include edible oil, rosemary extract, natamycin, vinegar and others cayenne pepper, diatomaceous earth, etc. Synthetic preservatives consist of benzoates, nitrites, sulphites, sorbates and others. This market finds application in meat & poultry, bakery, dairy, beverages, snacks, sauces and dressings and other. Geographically, the global Fuel Additives market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World. North America accounts for the largest market share in the global Fuel Additives market. Asia-Pacific region is expected to show a significant growth mainly due to development in food & beverage industry, and stable economic growth.
Key players of the global Fuel Additives market are Cargill, Inc., Kemin Industries, Inc, Archer Daniels Midland Company, Tate & Lyle, Kerry Group, DuPont, Brenntag North America, Inc, Celanese Corporation, Corbion N.V, Galactic S.A, Akzo Nobel N.V, BASF SE, Kemin Industries, Inc and Chr. Hansen Holding A/S among others.
Why to buy this report:
