The global specialty fuel additives is expected to register a moderate growth attributed to considerable demand in the aviation and automotive industry. Growing need for efficient fuel performance and protection from rust and gum formation is expected to contribute towards growth of the global market positively. This Fact.MR report discusses key prospects for growth of global specialty fuel additive market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
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Scope
The scope of the report is to analyze the global specialty fuel additive market for the period 2017-2022 and give readers an accurate, unbiased analysis. Specialty fuel additive manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
n a bid to keep readers up-to-date on the latest developments in the global specialty fuel additive market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Considering the broad scope of global specialty fuel additive market, the report includes a segment-wise analysis and forecast. The global specialty fuel additive market is segmented into – additive type, application type, and region. Through this section, the report offers an in-depth country-wise forecast on every parameter associated with specialty fuel additive.
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Factors Fuelling Growth of the Global Market
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.
Over time, engine in the automotive products accumulate deposits in the intake ports and valves. Increasing accumulation of harmful deposits continue to hinder the operating efficiency of the automotive products. Accumulated deposits could restrict the airflow in the exhaust system, and the combustion chamber. Specialty fuel additives is likely to witness considerable demand for removing and cleaning of the harmful deposits accumulated in the engine of the automotive products. Further, demand for the specialty fuel additives such as catene improvers continues to be concentrated in the automotive and aviation industry in order to protect the equipment from rust and gum formations. Catene improvers, corrosion inhibitors and oxidation inhibitors witness moderate demand in the aviation and automotive industry to ensure protection from gum and rust formations.
While the outlook on specialty fuel additive remain positive, growing concerns regarding products that contribute towards pollution has led to shift in consumer preferences. Imposition of government regulations regarding environment-friendly products is likely to inhibit demand for the specialty fuel additives in the global market. Moreover, the specialty fuel additives does not feature in the approved list of products by the environment protection agency (EPA). This is likely to inhibit demand for the specialty fuel additives in the automotive and aviation industry. Change in consumer perspective and lack of government support can dip in global sales of the specialty fuel additives.
Competition Tracking
Leading market players in the global specialty fuel additives market include BASF SE, Chevron Corp., Berkshire Hathaway, Inc., Ashland Inc., ExxonMobil Corporation, Evonik Industries AG, The Dow Chemical Company, E. I. du Pont de Nemours and Co, Afton Chemical Limited., and Baker Hughes, a GE Co.
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