Press Release / Business / Specialty Fuel Additives Market Key Players and Production Information analysis 2024

Specialty Fuel Additives Market Key Players and Production Information analysis 2024

Specialty Fuel Additives Market: Description
Specialty fuel additives are one of the most prolific innovations of liquid engineering as well as material science, giving natural fuel sources additional properties. While fuel additives are mainly associated with additives to gasoline and oil-based fuels, the revolution around additives has a broader impact of being able to change, alter or boost specific attributes of a fuel whether liquid, solid or gas.
Specialty additives are developed to increase combustion rates, as anti-oxidants, to effect burn rates, to enable fuels to work under harsh temperatures, reduce harmful emissions and more. Over the years, numerous hybrid compounds and blends have been engineered to create better fuels for industries and commercial use.
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Specialty Fuel Additives Market: Report Analysis
The global specialty fuel additives market has gained sustainable growth owing to increasing demand for clean & efficient fuel. Furthermore, the overall market is also being propelled by the swiftly increasing demand generated from emerging countries. stringent environmental regulations and growth of the automotive industry are some of the major factors responsible for this growth.
The market is further boosted by technological advancements in specialty fuel additives by various vendors across the globe. Some of the prominent trend witnessed by the market includes increase in demand for ultra-low-sulphur diesel (ULSD) in specialty fuel additives. However, the global specialty fuel additives market is hampered by stagnant demand for high-end gasoline and availability of alternate fuels. Moreover, huge investment in research & development and technology are also creating an aversion among vendors regarding certain specialty fuel additives.
Specialty Fuel Additives Market: Segmentation
The Report Analyses the Specialty Fuel Additives Market Based On Products, Application
Based on product, the global specialty fuel additives market is segmented into
Deposit control additives
Cetane improvers
Antioxidants
Lubricity improvers
Cold flow improvers
Corrosion inhibitors
Others (metal deactivators, octane enhancers etc.)
Based on application, the specialty fuel additives market is divided into
Gasoline
Diesel
Aviation turbine fuel
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Top Key Players:
Albemarle Corp
Baker Hughes Inc.
BASF SE
Chemtura Corporation
Chevron Oronite Company LLC
Clariant Corporation
Evonik Industries AG
Infineum International Ltd.
Innospec Inc.
The Dow Chemical Company
The Lubrizol Corporation
TOTAL SA
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