A Complete Study on Global Fuel Additives Market
Introduction In 2021, the market for fuel additives is projected to reach US$9.784 billion, increasing from US$6.394 billion, growing at a CAGR of 7 .35% during the forecast period. Fuel additives help improve the efficiency of fuels like gasoline and diesel. On the basis of product type, the fuel additives market has been segmented as deposit control additives, cetane improvers, antioxidants, dyes, lubricity additives, corrosion inhibitors, and others, while on the basis of application, the fuel additives market has been segmented into gasoline, diesel, and others. Factors driving growth in the market are, stringent government regulations for fuel efficiency and environmental protection, increasing demand for ultra-low- sulphur diesel, robust automobile markets like China and India, high growth in demand for gasoline, continuous upgradation in engine design and development and expanding urbanization leading to high demand for fuels for househo