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According to the current analysis of Reports and Data, the global Fuel Additives market was valued at USD 7 Billion in 2018 and is expected to reach USD 9.43 Billion by year 2026, at a CAGR of 3.5 %.
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Fuel Additives Market To Reach USD 9.43 Billion By 2026 www.reportsanddata.com
Market Summary According to the current analysis of Reports and Data, the global Fuel Additives market was valued at USD 7 Billion in 2018 and is expected to reach USD 9.43 Billion by year 2026, at a CAGR of 3.5 %. The study covers fuel additives, which supplement the fuel for various purposes like improving the octane/cetane rating of fuels, protection of mechanical parts, prevention of sludge formation, improving the fuel flow, etc. Recent developments in fuel additive space is synthetic technology, which is causing disruption in the market, due to its performance and protection features. Rising sales of the automobiles worldwide, increasing demand of performance products, launch of improved products, increasing awareness towards benefits of fuel additives, availability of funds for favourable research scenario, emission norms by governments, are some of the key factors propelling market growth in the industry. Key participants include Lubrizol Corporation, Chevron Oronite, Afton Chemicals, ExxonMobil, LanXess, Innospec, Dorf Ketal, Total Power, STP (Danburry), Gold Eagle, Lubrita (Europe). Read More: https://www.reportsanddata.com/report-detail/fuel-additives-market www.reportsanddata.com
Market Summary Function Type (Revenue, USD Million; 2016–2026) Performance Additives Corrosion Protection Deposit Prevention Flow Improvement Application Type (Revenue, USD Million; 2016–2026) Automobiles Refinery Others End Use (Revenue, USD Million; 2016–2026) Consumers Industries www.reportsanddata.com
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