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The Fuel Antioxidants Market deals with the development and manufacture of chemical compounds which are necessary to undertake a reaction for stopping loss of electrons and significantly reduce the formation of an oxidation state within fuel. Such formation would result in damage to the molecules.
The Fuel Antioxidants Market has played a vital role in the success of the automotive as well as other industries. Fuel antioxidants have the ability to nose around and discover the reactions related to oxidation. Once the reactions have been eliminated by antioxidants, there is greater control on the formation of gum and the induction periods can also be prolonged.
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Scope & Regional Forecast of the Fuel Antioxidants Market
The Fuel Antioxidants Market has witnessed a tremendous growth in demand during the last couple of decades as the spotlight on automobile manufacturers regarding greater fuel efficiency has steadily increased. Fuel additives like antioxidant supplements are also popular in the aerospace industry, which is planning to add new routes to tier 2 & 3 cities in all the emerging economies of the world.
With vehicle emission regulations and standards becoming stricter than ever, the Fuel Antioxidants Market expects antioxidant properties to rise steadily in demand. The Volkswagen emission scandal of 2015 has laid bare the extent to which automobile makers are prepared to go to in an effort improve fuel efficiency readings. With Volkswagen set to face a stiff fine, other makers are expected to fall in line and explore other legal avenues, fuel supplements like antioxidant additives, to push the boundaries of these machines.
While North America has been the center of research and development with regards to fuel supplements, Asia-Pacific is expected to generate the fastest growth in demand during the forecast period. Automobile makers as well as the aerospace industry view this region as showing a lot of untapped potential. Overall, the signs look good for the Fuel Antioxidants Market.
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Segmentations & Key Players Involved in the Fuel Antioxidants Market
According to IndustryARC findings, the Fuel Antioxidants Market can be broken down into various segmentations on the basis of –
Form: Solid Fuel, Liquid Fuel, Gaseous Fuel, Biofuel and Fossil Fuel.
Type: Butylatedhydroxytoluene, 2,6-Di-tert-butylphenol, 1,2-Diaminopropane, 2,4-Dimethyl-6-tert-butylphenol, Ethylenediamine and Others.
Application: Aerospace, Automotive, Energy, Lubricant & Grease, Welding & Metal Fabrication and Others.
Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Fuel Antioxidants Market according to IndustryARC are as follows:
ExxonMobil Aviation International Limited
ImproChem Pty Ltd
Marisol, Inc.
Shenyang JuxinSkychen Chemical Co., Ltd.
DorfKetal Chemicals LLC