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Specialty Fuel Additives Market is Set to Reach $10.5 Billion by 2024
by sarajames · October 15, 2018
15 October 2018 –
Global Specialty Fuel Additives Market generated volumes of 1.56 million tons in 2015. Its revenues are projected to reach USD 10.5
billion by 2024. This can be attributed to rising penetration of alternative
fuels and higher focus on sustainable practices.
Regions like the EU, China Ian
Thomas Jersey , and U.S. are highly conscious of protecting our
environment. They have introduced regulations that encourage the adoption of
sustainable resources. This trend is expected to spread to others geographies as
well, having a favorable impact on demand for specialty fuel additives.
The market is segmented on the basis of products, applications, and regions. Products encompass deposit control
additives Rashaan
Gaulden Jersey , antioxidants, cetane improvers, cold flow improvers,
lubricity
improvers Devin
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control additives led the market in 2013, accounting for 40% volume share.
Cetane improvers, with 11% of the
volumes Shaq
Thompson Panthers Jersey , stood second.
Browse Details of Report @
Rising use of detergents as fuel additives is an important driver of the dominance of deposit control additives. Cold flow improvers could grow at the
fastest rate (CAGR of 8%) from 2016 to 2024 (forecast period). This could be
credited to expanding demand for biofuel in Europe and North America.
Applications are split into gasoline, aviation turbine fuel (ATF), diesel, and other. ??ther??includes marine fuel and heating oil. They accounted for 5%
of the market in 2013. Gasoline held over 46% of the market volumes in 2013.
Although the U.S. generates robust demand for this
fuel James
Bradberry Panthers Jersey , other parts of the world prefer diesel. In
fact, diesel is anticipated to surpass gasoline and reign supreme by 2024.
Regional market segments are North America, Asia Pacific, Europe Daeshon
Hall Panthers Jersey , Latin America, and MEA (Middle East & Africa).
North America garnered maximum revenues in 2013. Asia Pacific was not far
behind. It occupied over 27% of the global volumes that year. It is projected to
grow at the fastest rate till 2024, owing to increasing consumption of diesel in
India and China.
The global specialty fuel additives market is moderately concentrated. Key vendors comprise BASF SE,
Infineum Taylor
Moton Panthers Jersey , NewMarket, Afton Chemical Corporation, Angus
Chemical Company, Evonik Industries
AG Curtis
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associated with research and development, technology, and manpower are the
primary challenges for market entry.
Browse Related Category Reports @
NEW DELHI, Aug. 13 (Xinhua) -- Chinese Foreign Minister Wang Yi said here Saturday that consensus had been reached with the Indian side to firmly support
each other so as to ensure the successful organization of the upcoming G20 and
BRICS summits.
Speaking to journalists before wrapping up his visit to India, the foreign minister said the major aim of this trip was to conduct strategic communications
with India ahead of the G20 summit scheduled next month in China and the BRICS
summit to be held in India in October.
On bilateral relations, Wang said the two countries have made all-around progress in a number of areas since the establishment of Prime Minister Narendra
Modi's government more than two years ago. He cited growth momentum of trade,
rapid increase of China's investment in India, railway cooperation as well as
humanity and cultural exchanges as fields that enjoy vigorous growth.
The foreign minister stressed that as two neighbors that are both the world's major countries, it is inevitable for China and India to come across certain
problems in developing ties. However, the common interests far exceed
differences, and the need for cooperation far exceeds competition.
China and India should not let specific differences affect the overall situation of friendly bilateral
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