Stratview Research has recently published a report on the Fuel Additives Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2020 to 2025

Fuel Additives Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Fuel Additives Market is likely to witness a modest CAGR of 3.4% during the forecast period.

Some of the companies drives the market growth:

• Afton Chemical Corporation

• Innospec Inc.

• The Lubrizol Corporation

• BASF SE

• Infinieum Limited

• Evonik Industries AG

• Chevron Oronite Company LLC

• Lanxess

• Dorf Ketal Chemicals

• Cummins Inc.

• Cerion LLC.

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Segments' Analysis

By Additive Type

Based on the additive type, the market is segmented as deposit control, dyes & markers, cetane improvers, lubricity improvers, cold flow improvers, octane improvers, corrosion inhibitors, stability improvers, anti-icing, and others. The deposit control segment held the largest share of the market in 2019, and is expected to register a moderate CAGR during the forecast period. The extensive use of deposit control additives in various applications is driving the growth of this segment.

By Application Type

Based on the application type, the fuel additives market is segmented as diesel, gasoline, aviation fuel, and others. The diesel segment is expected to dominate the market during the forecast period. The increasing demand for diesel fuel in military, farms & construction, and other major industries is likely to drive the growth of the segment.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

COVID-19 IMPACT

COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.

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