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Specialty Fuel Additives Market Share, Size,Growth, Outlook,
Research and Forecasts to 2024 | Hexa Research
“ Specialty Fuel Additives Market Size To Reach $10.5 Billion By 2024.”
27 November 2018
Global specialty fuel additives market generated volumes of 1.56 million tons in 2015. Its revenues are projected to
reach USD 10.5 billion by 2024. This can be attributed to rising penetration of alternative fuels and higher focus on
sustainable practices.
Regions like the EU, China, and U.S. are highly conscious of protecting our environment. They have introduced
regulations that encourage the adoption of sustainable resources. This trend is expected to spread to others
geographies as well, having a favorable impact on demand for specialty fuel additives.
The market is segmented on the basis of products, applications, and regions. Products encompass deposit
control additives, antioxidants, cetane improvers, cold flow improvers, lubricity impro vers, corrosion
inhibitors, and others. Deposit control additives led the market in 2013, accounting for 40% volume share.
Cetane improvers, with 11% of the volumes, stood second.
Browse Details of Report @ https://www.hexaresearch.com/research-report/specialty-fuel-additives-industry
Rising use of detergents as fuel additives is an important driver of the dominance of deposit control
additives. Cold flow improvers could grow at the fastest rate (CAGR of 8%) from 2016 to 2024
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