$1.64B Growth Opportunity in Fuel Additives Market – Technavio Identifies APAC as a Key Growth Region – Yahoo Finance | Region & Cash

NEW YORK, July 27, 2022 /PRNewswire/ — The “Fuel Additives Market by Type, Application and Geography – Forecast and Analysis 2021-2025Technavio report identifies the market size to grow by $1.64 billion between 2020 and 2025. The market registered a 3.53% YoY growth in 2021 and the growth momentum is expected to accelerate at a CAGR of 4.33% over the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, key revenue-generating segments, and market behavior across all regions. Download a sample PDF report here

Technavio has announced its latest market research report titled Fuel Additives Market by Type, Application, and Geography – Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Fuel Additives Market by Type, Application, and Geography – Forecast and Analysis 2021-2025

The fuel additives market is fragmented and the vendors are employing various growth strategies to compete in the market. The market is also characterized by the presence of several established vendors competing on the basis of R&D, quality, price, marketing strategies, market expansion, investments, and distribution networks. Some providers have high investment capacities and are constantly concentrating on expanding their product range. These factors intensify competition among existing providers.

The increasing demand for ULSD has contributed significantly to the growth of the market. However, increasing demand for renewable clean fuels will reduce growth opportunities for suppliers. Competitors must focus on differentiating their product offerings with unique value propositions to strengthen their market position. Market providers must also capitalize on existing growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. Clariant International Ltd., Croda International Plc, Dorf Ketal Chemicals (I) Pvt. Ltd., Eurenco, Evonik Industries AG, Exxon Mobil Corp., Functional Products Inc., Infineum International Ltd., Innospec Inc. and Qatar Fuel Additives Co. Ltd. are identified as some of the key market players. Request a PDF sample report now

The Fuel Additives Market is segmented as follows:

The deposit control additives segment dominated the market in 2021. The segment is driven by the increasing use of deposit control additives in various fuel additive applications including diesel, gasoline, aviation and heating fuels. In addition, the increasing number of passenger cars, construction vehicles and agricultural vehicles contributes to the growth of the segment.

By application, the diesel fuel additives segment will have the largest market share. The increasing use of fuel additives in diesel fuel to meet strict environmental standards related to emissions is driving the growth of the segment.

44% of the market growth will come from APAC during the forecast period. The increasing use of fuel additives for applications such as diesel, gasoline and aviation is expected to boost demand for fuel additives in APAC. The rise in middle-class income and purchasing power parity in countries such as Indonesia, Japan, China, India, Philippines, Indonesiaand Thailand are also expected to drive the growth of the regional market.

Fuel Additives Market 2021-2025: Scope

Technavio presents a detailed picture of the market by examining, synthesizing and aggregating data from multiple sources. The Fuel Additives market report covers the following areas:

Fuel Additives Market 2021-2025: Key Highlights

  • CAGR of market during forecast period 2021-2025

  • Detailed information on factors that will support Fuel Additives market growth over the next five years

  • Estimation of the market size of fuel additives and its contribution to the parent market

  • Predictions about upcoming trends and changes in consumer behavior

  • – The growth of the Fuel Additives market

  • Analysis of the competitive landscape of the market and detailed information about vendors

  • – Comprehensive disclosures of factors disrupting the growth of the Fuel Additives market vendors

Related reports:

Market Scope for Fuel Additives

report coverage

details

page number

120

base year

2020

forecast period

2021-2025

Growth Dynamics & CAGR

Accelerate with a CAGR of 4.33%

Market growth 2021-2025

$1.64 billion

market structure

fragmented

YoY Growth (%)

3.53

Regional Analysis

APAC, Europe, North America, MEA and South America

make a market contribution

APAC at 44%

Important consumer countries

USA, China, India, Saudi Arabia and Russian Federation

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

Clariant International Ltd., Croda International Plc, Dorf Ketal Chemicals (I) Pvt. Ltd., Eurenco, Evonik Industries AG, Exxon Mobil Corp., Functional Products Inc., Infineum International Ltd., Innospec Inc. and Qatar Fuel Additives Co. Ltd.

market dynamics

Root Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, and Market State Analysis for the Forecast Period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Table of Contents:

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Application

6 Market Segmentation by Type

7 customer landscape

8 Geographical Landscape

9 drivers, challenges and trends

10 provider landscape

11 Vendor Analysis

12 Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

Contact

Technavio Research
Jess Maida
Media and Marketing Executive
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail: media@technavio.com
Website: www.technavio.com/

Technavio (PRNews photo/Technavio)

Technavio (PRNews photo/Technavio)

decision

decision

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SOURCE Technavio

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