Global Fuel Additives Market 2015-2019 Industry Key Trends, Size, Growth, Shares and Forecast Research Report

Researchmoz added Most up-to-date research on "Global Fuel Additives Market 2015-2019" to its huge collection of research reports.

New market research analyst estimates the global fuel additives market to witness a steady growth at a rate of around 8% during the forecast period. The adoption of ethanol and biodiesel is expected to drive the market growth for fuel additives due to the usage of antioxidants, corrosion inhibitors, cold flow improvers, and other products.

The rise in the adoption of hybrid electric vehicles (HEV) is expected to deter the growth of this market during the forecast period. These HEVs are energy efficient and environment-friendly and provide a broad range of performance benefits like increased acceleration and lower maintenance requirements. Usage of these vehicles is increasingly being advocated by governments across the world as it results in lower utilization of conventional fuels and less noise and air pollution.

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Segmentation by application and analysis of the global fuel additives market

Blending, shipping, and storage additives

Gasoline fuel additives

Aftermarket additives

Diesel fuel additives

Heavy fuel oils additives

Blending, shipping, and storage additives account for about two-thirds of the global fuel additives market and is expected to grow at a rate of 9% during the forecast period. These additives are added to diesel, jet fuel, and gasoline, in refinery blend plant and supply chain to enhance their overall quality. They also help in addressing various problems such as equipment corrosion issues, preserving product quality, and fouling prevention occurring in the period of handling, storage, and transportation.

Geographical segmentation and analysis of the global fuel additives market

APAC

EMEA

North America

ROW

North America led the fuel additive market with a market share of 39% during 2014. The...