Specialty Fuel Additives Market trends research and projections for 2017 – 2024

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Specialty Fuel Additives Market industry analysis
research and trends report for 2016-2024
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Global Market Scenario of Specialty Fuel
Additives Market

• Upsurge in demand for high fuel performance in to
  attain efficiency and control emissions along
  with biodiesel industry expansion will escalate
  the specialty fuel additives market demand.
  Increasing stringent environment regulations in
  U.S., EU and China, for sustainable resources
  adoption will positively influence specialty fuel
  additives industry growth.
• Diesel applications is anticipated to witness
  over 6 over the forecast timespan. Increasing
  usage of ultra-low sulfur diesel (ULSD) in China
  and U.S. will fuel the industry growth. India and
  China markets will be driven by extensive diesel
  usage coupled with advancements will further fuel
  the specialty fuel additives market growth.
• Gasoline additives market will be worth over USD
  4 billion by 2024. Consistent innovations in Top
  Tier Detergent Gasoline (TTDG) associated with
  its effective detergency and inhibit deposit
  formation will support growth in this segment.

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Continue.....

• Cetane improvers market will be worth over USD
  950 million by 2023. Enhancement in cetane number
  for better performance and in economy measures
  will drive the specialty fuel additives market
  growth in this segment. Increasing LPG and CNG
  consumption along with government promotions and
  subsidies to promote ecofriendly products may
  impose threat to global specialty fuel additives
  market demand.
• Deposit control specialty fuel additives demand
  was over 600 kilo tons in 2015. Increasing
  technological innovations in engines and
  injection systems are driving the product
  penetration. The product is extensively used in
  prevention from deposits including sludge and
  soot in gasoline and diesel.
• Cold flow improvers market is poised to witness
  gains at over 8 by 2023. Surge in demand for low
  sulfur content diesel will drive the product
  demand, as cold flow improvers reduce the sulfur
  content on addition in diesel.
• Europe specialty fuel additives will witness
  gains at over 5 by 2024. Additive production
  expansion to meet regulatory agencies standards
  will facilitate regional industry growth. Middle
  East Africa will register over 6 CAGR. Euro IV
  standard busses launch in Dubai to promote
  sustainable environment are key trending factors.

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Specialty Fuel Additives market share, by
application, 2014-2022
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360 Analysis
Application Analysis Gasoline fuel additives
market volume consumption by 2023 is expected to
exceed 1,100 kilo tons. Top Tier Detergent
Gasoline (TTDG) formation in the US is expected
to drive the regional industry growth. TTDG is
performance specification designed, supported and
followed by key automobile manufacturers. These
additives contain more effective detergency, and
free from deposit forming metallic
additives. Regional Analysis North America
specialty fuel additives demand will be driven by
U.S. which is major market for gasoline and
diesel. U.S consumption of gasoline and diesel
was around 8,750 thousand barrels per day in 2010
and exceeded 8840 thousand barrels per day in
2013. Competitive Market Share Some of the
major companies include Innospec Inc, Chemtura,
Infineum, Lubrizol corporation, BASF SE and Baker
Hughes. In December, 2015, Chemtura announced
plans to expand its production capacity for
antioxidants (ADPAs, a type of specialty fuel
additive) in Italy. This expansion includes
building a new manufacturing facility. In 2014
and late 2015, the company increased ADPA
capacity at Elmira site in Ontario, Canada.

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