Global Specialty Fuel Additives Market: Industry Estimated to Exceed US$ 6,000 Mn by 2022-end

Posted on 2018-05-17 by Mark Hub in Automotive // 0 Comments

Fact.MR

Dublin 2, Ireland, 2018-May-17 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of specialty fuel additives market. The study is titled as “Specialty Fuel Additives Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global specialty fuel additives market.

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Growth of the global specialty fuel additive is expected to be bound by several macro and micro economic factors. Surge in demand for fuel efficiency is projected to influence growth of the global specialty fuel additive market positively. Demand for the specialty fuel additives is projected to remain concentrated in the automotive and aviation industry. Specialty fuel additive such as catene improvers continue to witness steady demand attributed to increasing rust and gum formation in the automotive industry. According to a recently published report, the global specialty fuel additives market is expected to represent a value of over US$ 6,000 Mn by the end of 2022.

Diesel Specialty to Represent a Leading Segment

With increasing need for reducing the ignition delays during combustion, demand for the cetane improvers is expected to rev up. The cetane improvers segment is expected to represent a value of over US$ 600 Mn by the end of 2022. The deposit control additives segment is expected to represent the second highest revenue growth in the global market by the end of 2022. However, the anitoxidants segment is expected to register the highest CAGR in the global market through 2022.

The diesel specialty segment is expected to represent a value of over US$ 500 Mn in the global specialty fuel additives market by the end of 2022. The gasoline segment is expected to represent the second highest revenue growth in the global market by the end of 2022. Moreover, this segment is expected to register the highest CAGR in the global market through 2022.

Steady Demand in Aviation Industry

Apart from the automotive industry, the specialty fuel additives witness significant demand in the aviation industry. Specialty fuel additives witness significant demand in the deposit control additives, and cleanliness additives to clean and remove the deposits from the engine. Moreover, surge in demand for correcting problems related to fuel efficiency and enhancing performance is expected to impact growth of the global market positively. Moreover, growing need to prevent rust formation is expected to boost demand for corrosion inhibitors. Besides protection from rust formation, surge in need for preventing gum formation is expected to fuel demand for oxidation inhibitors. Attributed to metal deactivators, increasing use of specialty fuel additives is expected to inhibit gum formations.

Surge in demand for efficient fuel functioning, and protection from rust and gum formation in the automotive and aviation industry is expected to contribute towards growth of the global specialty fuel additives market. On the other hand, several factors are expected to inhibit growth of the global market during the forecast period. As environment protection agency (EPA) does not approve of the specialty fuel additives as an environment-friendly products, manufacturers prefer opting for alternative products that do not harm the environment. Further, increasing availability of cheaper products approved by the EPA is expected to inhibit growth of the global market significantly.

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Table of Content:

1. Global Specialty Fuel Additives Market – Executive Summary

2. Global Specialty Fuel Additives Market Overview
2.1. Introduction
2.1.1. Global Specialty Fuel Additives Market Taxonomy
2.1.2. Global Specialty Fuel Additives Market Definition
2.2. Global Specialty Fuel Additives Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Specialty Fuel Additives Market Y-o-Y Growth
2.3. Global Specialty Fuel Additives Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. Supplier List
2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Specialty Fuel Additives Market Analysis and Forecast By Additives Type
3.1. Global Specialty Fuel Additives Market Size and Forecast By Additives Type, 2012-2022
3.1.1. Deposit Control Additives Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Cetane Improvers Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

Continued…..

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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