The Global Fuel Additives Market is projected to reach USD 8.84 billion by 2028, growing at a CAGR of 4.1% during the forecast period.
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Companies Covered: Major Companies profiled in the report which are key players in the global fuel additives market Innospec Inc., Chevron Oronite Company Llc, The Lubrizol Corporation, Afton Chemical Corporation, Evonik Industries AG, BASF SE, Lanxess, DorfKetal Chemicals, Infineum International Limited, Cummins Inc., CerionLlc
The Asia-Pacific fuel additives market is likely to witness a major growth during the forecast period, owing to the high demand from countries, like India and China. China is the largest fuel consumer in the Asia-Pacific region, and second in the world, after the United States. The country has the world’s largest automobile industry and one of the biggest markets for civil aircraft sales. India also has a great potential future for fuel additives market opportunities. The automotive industry of the country is witnessing a steady growth, owing to an 8% increase in the production recorded in 2018, over the previous year. Additionally, according to the International Air Transport Association (IATA), India is one of the fastest-growing domestic markets, worldwide, with an anticipated count of 337 million domestic passengers and 84 million international passengers to travel, by 2030. Hence, the Asia-Pacific fuel additives market is likely to witness the highest growth rate, during the forecast period.
Improving living standards, dual-income families and growing disposable income are driving the growth of this market in developing countries. Rapid industrialization accompanied by improvements in infrastructure along with increasing demand for consumer products has created new opportunities and gateways.
Each section of the report provides critical information about the global fuel additives market which could be used in the coming years to ensure strong growth. Our unique combination of primary and secondary research methods has helped us spot hidden business opportunities on the global fuel additives market, in addition to collecting significant market participant’s perspectives and reliable market data.
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This involves several research studies, such as cost analysis of manufacturing, absolute dollar profit, analysis of costs, profiling of firms, analysis of production and consumption, and market dynamics.
The global fuel additives market size for each year of the forecast period is correctly calculated in terms of both revenue and volume. For the period 2020-2028, the study offers accurate price analysis by country, producer, the segment of each form, and global price analysis. It also offers price analysis by segment type and supplier for the 2020-2028 period.
The study starts with a global market perspective for fuel additives that includes key market trends and critical market statistics. This market research study also provides the market value of the major segments of the global fuel additives market. QMI has found a comprehensive overview and global market description that helps readers better understand the core fuel additives market information. It also highlights the exclusions and inclusions which help the client understand the fuel additives market’s reach.
The report provides a list of all the key players in the fuel additives market along with a detailed analysis of the strategies that are being implemented by the companies. The approaches include mainly new product development, analysis, and development, and also provide revenue reports, business history, and recent company innovations to remain competitive in the marketplace.
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