Market Overview
- The Global Fuel Additives Market is growing at a CAGR of under 5% during the forecast period 2020 to 2027.
- Fuels such as gasoline, diesel, and aviation fuel have various drawbacks like not allowing long-term storage, difficult for transportation, and even use. Fuel additives help improve about 20 properties of fuels by adding small amounts. These additives are added in minimal concentrations: from several ppm to several thousand ppm.
Increasing R&D investments in new engine technologies will boost the market for fuel additives
- The internal combustion engine has seen a tremendous advancement over the past century. However, direct injection of gasoline technology has become popular in recent days and now makes up approximately 38% of new light-duty vehicle sales. Another example is low-temperature combustion modes such as homogeneous charge compression ignition combustion which is the R&D process. All these new engine technologies need high-performance fuels in which fuel additives will play a critical role.
- In 2016, Diesel cars are the most preferred by the EU-15 buyers, accounting for 49.9% of the EU-15 market. However, sales of gasoline-powered vehicles have overtaken in 2017. Thereby, the consumption of gasoline fuel additives will be more in EU-15 countries especially countries such as the Netherlands, Finland, and Denmark.
- Stringent environmental regulations and lack of innovation of novel type of fuel additives is one of the major obstacles of the fuel additive market
- Change is an on-going requirement in the fuel additives industry, often driven by strict environmental regulations across the globe. The development of new types of fuel additives is very costly due to expensive engine testing and vehicle demonstration trials.
The growing interest in Electric vehicles in the world is the significant restraint of the market
- Stringent environmental regulations on internal combustion engines, combined with technological advancements in the automotive industry, are driving the surge in demand for Electric vehicles (EVs). Worldwide sales of pure battery EVs (excluding hybrids) grew by approximately 45% in 2016. The increase in EV sales across the world especially in European countries such as Norway and France is one of the reasons for a decline in the consumption of fuel additives in this region.
- Fuel additives market is classifies based on the fuel type such as Gasoline, Diesel, and Others. Also, the market is classified based on various types such as Deposit Control Additives, Corrosion Inhibitors, Antioxidants, Demulsifiers/Dehazers/Emulsion Preventives, Conductivity Improvers, Cetane Number Improvers, Antifoam Additives, Metal Deactivators, Lubricity Improvers, and others.
- The report segments the geographies by regions, which include North America, South America, Europe, Asia Pacific, and Rest of the World. Asia-Pacific is the leading market for fuel additives owing to growing automotive sales in this region. Moreover, Asia-Pacific is expected to grow at a higher pace due to strong government support with ad-hoc tax incentives.
- The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The report profiles the following companies, which include Total SA, Chevron Corporation, Clariant AG, Evonik Industries, Shell, and many more.
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Key market segments covered
Type of Fuel
- Gasoline
- Diesel
- Others (Aviation Fuel, Marine Fuel)
By Type
- Deposit Control Additives
- Corrosion Inhibitors
- Antioxidants
- Demulsifiers/Dehazers/Emulsion Preventives
- Conductivity Improvers
- Cetane Number Improvers
- Antifoam Additives
- Metal Deactivators
- Lubricity Improvers
- Others
By Region
- Asia Pacific
- Europe
- North America
- South America
- Rest of the World
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Market OverviewThe Global Nano Silica Market is expected to grow at a CAGR during the forecasting period (2020-2027).Nano silica is an allotrope of silicon, a poor conductor of electrons, and heat.
Download free sample: https://www.datamintelligence.com/download-sample/nano-silica-market Market Dynamics:The market growth is driven by the rising global nano silica production due to an increase in the increased usage of nano-silica in various application segments such as concrete, agriculture, gypsum, battery, rubber, and others.
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The global viral vectors manufacturing market is expected to grow at a productive rate during the forecast period, owing to a surge in the global incidence of cancer and an increase in the geriatric population susceptible to disease.
Global Viral Vector Manufacturing Market is segmented based on Type, Application, End Users and Geography.
We have included all the segment of this market in our market research report.
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The factors recorded are the rising crime rate is probable to motivate demand for AFIS technology in the law enforcement application to detect criminals.The technology is also used to search latent fingerprints from the crime scene and compare them with a database of existing fingerprints.
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