Diesel Fuel Additives Market is Projected to Grow at a CAGR of 7.3% from 2014 to 2019


Posted November 27, 2015 by MicroMktM

According to the new market research report " Diesel Fuel Additives Market – Analysis & Forecast to 2019 ", The Diesel Fuel Additives market is projected to grow at a CAGR of 7.3% from 2014 to 2019.

 
According to the new market research report " Diesel Fuel Additives Market – Analysis & Forecast to 2019 ", The Diesel Fuel Additives market is projected to grow at a CAGR of 7.3% from 2014 to 2019.

Fuel additives are chemicals that are used to enhance the properties of a fuel. These are mixed with fuels such as gasoline, diesel, aviation fuel, fuel oil, and so on, to improve fuel efficiency and economy. Fuel additives help fuels in meeting environmental emission control standards and improve engine or vehicle performance. Apart from these qualities, fuel additives serve other purposes such as reduction of corrosive effects, enhancement of combustion properties, and development of various grades of fuel blends required for the commercial, automotive, industrial, and aerospace sectors.

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Diesel additives are the largest application of fuel additives. Fuel additives are designed to meet the increasingly stringent environment norms as several countries are implementing regulations to control emissions. Stringent environmental regulations, increasing demand for clean and efficient fuel, and depleting crude reserves are the main market drivers for the diesel additives market. The diesel additives market is witnessing an increase in demand due to the increasing consumption of Ultra-Low-Sulfur Diesel (ULSD), which requires more dosing of additives.

The diesel additives market is experiencing enormous growth and it is expected to continue in the coming years, mainly driven by the growth in regions, such as North America Asia-Pacific, and Europe. A considerable amount of investments are being made by various market players to serve the end-user industries in the future. The North American market is the largest market for diesel additives, globally, having accounted for 27.6% of the global market in 2014. The region is further expected to show high growth in the future, mainly due to the increasing demand in end-user industries.

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The key player of the market include
Afton Chemical (U.S.),
Albemarle Corp. (U.S.),
Chevron Oronite (U.S.),
Infineum International Inc. (U.K.),
Fuel Performance Solutions, Inc. (U.S.), and
The Lubrizol Corporation (U.S.), among others.

This study basically aims to estimate the global market for diesel additives for the period, 2014 to 2019. This market research study provides a detailed qualitative and quantitative analysis of the global diesel additives market. We have used various secondary sources such as encyclopedia, directories, industry journals, and databases to identify and collect information useful for this extensive commercial study of the global diesel additives market. The primary sources – experts from related industries and suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects of diesel additives.

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Last Updated November 27, 2015