Fuel Additives Market expected to reach US$2.64 bn by the end of 2023

Fuel Additives Market REPORT DESCRIPTION Fuel Additives (Deposit Control Additives, Cetane Improvers, Antioxidants, Stability Improvers, Lubricity Improvers, Corrosion Inhibitors, Cold Flow Improvers, and Others) Market for Gasoline, Diesel, Aviation Fuels, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023 The global market for fuel additives shows a medium level of consolidation. The top three players – Innospec, Afton Chemical Corporation, and The Lubrizol Corporation – collectively took up 28.5% of the global market value in 2014. As stated in a research report released by Transparency Market Research, one of the key reasons for the consolidation of the global fuel additives market is the intensive amount of research and development required by the companies to stay ahead of the curve. Regulatory pressure is very high on manufacturers of fuel additives and can keep new players from entering this market. At the same time, research and development efforts can be highly capital intensive, further restricting players from proliferating in the market.The global market for fuel additives is expected to expand at a CAGR of 8.3% in terms of revenue, within a forecast period from 2015 to 2023. This revenue is expected to reach US$1.62 bn by the end of 2016 and US$2.64 bn by the end of 2023. View Exclusive Global Strategic Business Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=982 Deposit control fuel additives have consistently enjoyed high priority by the automotive industry, owing to the excessive amount of overconsumption that occurs due to the formation of deposits on injector nozzles. By the end of 2023, deposit control fuel additives are expected to reach US$4.26 bn in revenue. North America has consistently been the leading consumer of fuel additives over the past few years. It is expected to remain the dominant region till 2023, owing to very strict regulations and emission standards being followed by the auto industry. By the end of 2023, North America is expected to generate US$1.52 bn in revenue for fuel additives manufacturers. 2 Transparency Market Research

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