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Global Fuel Additives Market worth $7.1 billion by 2026 - Exclusive Report by MarketsandMarkets™

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Jesscia Peter
Global Fuel Additives Market worth $7.1 billion by 2026 - Exclusive Report by MarketsandMarkets™

The report "Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) - Global Forecast to 2026", The fuel additives market is projected to reach USD 7.1 billion by 2026, at a CAGR of 3.4% from USD 6.0 billion in 2021.

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Browse 361 market data Tables and 66 Figures spread through 303 Pages and in-depth TOC on "Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) - Global Forecast to 2026"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fuel-additives-market-723.html

 

The key market players profiled in the report include Afton Chemical Corporation (US), The Lubrizol Corporation (US), Innospec Inc. (US), BASF SE (Germany), Evonik Industries AG (Germany), LANXESS AG, Chevron Oronite Company LLC (US), Dorf Ketal Chemicals (US), Infineum International Limited (UK), Cummins Inc.(US), Total SA (France), Baker Hughes (US), Clariant AG(Switzerland), Croda International PLC (UK), ENI SPA (Italy), Chempoint Solutions Company (US), Solvay S.A.(Belgium), Huntsman Corporation(US), The Dow Chemical Corporation (US), Eastman Chemical Corporation (US), Petroleum Logistics(US), Iftex Oil & Chemicals Ltd.(India), Eastern Petroleum(India), Lucas Oil Products Inc.(US) and Lubricant Engineers (US).

Players in the fuel additives market are mainly concentrating on new product launches, mergers & acquisitions, agreements, partnerships, and expansion to meet the growing demand for fuel additives for various applications.

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Evonik Industries AG, Afton Chemical Corporation and Innospec Inc. are major players in fuel additives market. To strengthen and expand its geographical reach, the company is focusing on expansion. For instance, In November 2020, Evonik Industries AG opened a new oil additives performance testing lab in Shanghai China. This new performance testing lab aims to serve customers in China and Asia Pacific region, this will strengthen Evonik’s commitment to support customers with formulation development, lab testing and performance demonstration in real world conditions. In July 2019, the company invested in capacity expansion for oil additives. It increased 15% capacity for Polyalkylmethacrylate (PAMA)-based oil additives. The capacity expansion was through investment in global production landscape and debottlenecking.

In September 2018, Afton Chemical Corporation completed the expansion of its Chemical Additive Manufacturing Facility in Jurong Island, Singapore. This has helped it to strengthen its presence in the Asian market.

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