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Biofuel Additives Market is expected to garner $12,560 million by 2022, registering a CAGR of 15.3% during the forecast period 2016-2022.
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Global Biofuel Additives Market is expected to garner $12,560 million by 2022, registering a CAGR of 15.3% during the forecast period 2016-2022. Introduction • Biofuels are produced from the conventional feedstock or lignocellulose feedstock, which can be distinguished as first and second generation fuels. • Biofuels are produced from food crops as well as lignocellulosic biomass. • The consumption of biofuels has increased across the globe owing to its eco-friendly nature. However, there are several problems associated with their use such as high fuel foaming, injector deposits & corrosions, and low oxidation stability. • The market has been segmented on the basis of type, application, and geography.
Corrosion inhibitor additives is the fastest growing segment during the analysis period. • North America is expected to lead the market throughout 2022 and is projected to grow at a CAGR of 14.3%, in terms of volume, during 2016 and 2022. • The Asia-Pacific region is expected to surpass Europe, in terms of volume, by the end 2022. • Germany occupied one-fourth of the total European biofuel additives market in 2015. • Bioethanol application occupied more than half of the overall biofuel additives market and is expected to maintain its lead throughout the analysis period. Key Findings of theMarket
The report provides an extensive analysis of the factors that drive as well as restrain the growth of the global biofuel additives market. • The market projections for the period 2015-2022 have been included along with the impacting factors. • The report also provides quantitative as well as qualitative trends to help the stakeholders in understanding the market scenario. • In-depth analyses of the key segments of the market demonstrate the consumption of biofuel additives in different applications across different end user industries. • SWOT analysis facilitates the study of the internal environment of leading companies for strategy formulation. Key Benefits Get Access to TOC / Sample Report @ https://www.alliedmarketresearch.com/request-sample/1428
MarketSegmentation • Biofuel Additives Market - By Type • Antioxidants • Corrosion Inhibitors • Cold Flow Improvers • Detergents & Dispersants • Octane & Cetane Improvers • Dyes & Markers • Others • Biofuel Additives Market - By Biofuel type • Bioethanol • Biodiesel • Biofuel Additives Market - By Geography • North America • Europe • Asia-Pacific • LAMEA
Lubrizol Corporation, • Fuel Quality Services, Inc., • ChemiphaseLtd., • ClariantAG, • Afton Chemical, • E-ZOIL, • Others Key Players of theMarket For purchase enquiry, visit @https://www.alliedmarketresearch.com/purchase-enquiry/1428
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