Global Automotive Aftermarket Fuel Additives Market Size, Trends, Analysis 2022

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Global Automotive Aftermarket Fuel Additives
Market to Grow on the Back of Growing Stringent
Regulations of the Government of Nations to
Lower Vehicular Emissions Market to Grow with a
CAGR of 6.0 During 2021-2030 Kenneth Research
has released a report titled Automotive
Aftermarket Fuel Additives Market Global Demand
Analysis Opportunity Outlook 2030 which also
includes some of the prominent market analyzing
parameters such as industry growth drivers,
restraints, supply and demand risk, along with
the impact of COVID-19 and a detailed discussion
on the latest trends and future opportunities
that are associated with the growth of the
market. The sales of new vehicles worldwide
touched 90423687 units in the year 2019,
according to the statistic by the International
Organisation for Motor Vehicle Manufacturers
(OICA). Amongst these new registrations, 63730387
units were passenger cars and 26693300 units
were commercial vehicles. Get the inside scoop
with Sample report - https//www.kennethresearch.
com/sample-request-10352277 The statistics
portray the growing sales of vehicles worldwide,
which is expected to drive the demand for fuel
additives, and in turn contribute to the market
growth in the coming years. Fuel additives help
to improve the performance of engine and also
reduce undesirable emissions. Moreover,
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these additives also help in maintaining fuel
quality by reducing fuel degradation, improving
fuel stability and inhibiting oxidation. The
global automotive aftermarket fuel additives
market is anticipated to grow with a CAGR of
6.0 over the forecast period, i.e., 2021 2030.
The market is estimated to garner a revenue of
USD 2249.5 Million by the end of 2030, up from a
revenue of USD 1245.9 Million in the year 2020.
The market is segmented by type into deposit
control, cetane improvers, lubricants,
antioxidants, anticorrosion, cold flow improvers,
antiknock agents, and others. The deposit
control segment, out of all the segments, is
anticipated to garner the largest revenue of USD
555.9 Million by the end of 2030, up from a
revenue of USD 264.2 Million in the year
2020. The global automotive aftermarket fuel
additives market is segmented by region into
North America, Europe, Asia Pacific, Latin
America and Middle East Africa. Amongst these,
the market in North America is projected to
display the largest revenue of USD 769.3 Million
by the end of 2030. Moreover, in the year 2020,
the market in the region registered a revenue of
USD 421.1 Million. The research is global in
nature and covers detailed analysis on the market
in North America (U.S., Canada), Europe (U.K.,
Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands Luxembourg, NORDIC Finland,
Sweden, Norway, Denmark, Poland, Turkey, Russia,
Rest of Europe), Latin America (Brazil, Mexico,
Argentina, Rest of Latin America), Asia-Pacific
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(China, India, Japan, South Korea, Indonesia,
Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa
(Israel, GCC Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman, North Africa, South
Africa, Rest of Middle East and Africa). In
addition, analysis comprising market size, Y-O-Y
growth opportunity analysis, market players
competitive study, investment opportunities,
demand for future outlook etc. has also been
covered and displayed in the research
report. However, the growing adoption of
electric vehicles is one of the major factors
predicted to hinder the market growth in the
coming years. This report also provides the
existing competitive scenario of some of the key
players of the global automotive aftermarket fuel
additives market, which includes company
profiling of TotalEnergies Company, Ashland
Global Holdings Inc., BASF SE, The Lurizol
Corporation, Afton Chemical, Evonik Industries
AG, Chevron Corporation, Lucas Oil Products,
Inc., Innospec, BG Products, Inc., Infineum
International Ltd., and others. The profiling
enfolds key information of the companies which
comprises of business overview, products and
services, key financials and recent news and
developments. Conclusively, the report titled
Automotive Aftermarket Fuel Additives Market
Global Demand Analysis Opportunity Outlook
2030, analyses the overall global automotive
aftermarket fuel additives industry to help new
entrants to understand the details of the
market. In addition to that, this report also
guides existing players looking
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for expansion and major investors looking for
investment in the global automotive aftermarket
fuel additives market in the near future. Get
the inside scoop with Sample report -
https//www.kennethresearch.com/sample-request-103
52277 Kenneth Research is a leading service
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