North America Fuel Additives Market is Expected to Reach $2,269.6 Million in 2019 - New Report by MicroMarket Monitor
(PRWEB) August 01, 2014 -- Fuel additives market is witnessing an increase in demand due to the increasing consumption of Ultra Low Sulphur Diesel (ULSD), which requires more dosing of additives. North America has, conventionally, always been a strong market for fuel additives. Globally, this market has been a leader with respect to demand as well as product innovation in terms of quality and application development. Key countries in the North American market are the U.S. (the most dominant market, accounting largest market share), Canada, and Mexico.
Browse through the TOC of the North America Fuel Additives Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.
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The diesel fuel additives accounted for highest share of 59.6% in terms of size in 2013 in North American fuel additive market. U.S. market in terms of value for fuel additives is forecasted to increase by a CAGR of 7.03% from 2014 to 2019. The market in U.S. for fuel additives is mature and is expected to show relatively low growth in future. Due to limited crude oil availability, fuel producers will exhibit greater dependence on the use of additives in low-grade fuel in order to fulfill necessary fuel specifications and meet growing customer demand.
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The report covers the North American fuel additives market which is segmented on the basis of applications, types, and geography.
Related Reports
Europe Fuel Additives Market
Fuel additives market is witnessing an increase in demand due to the increasing consumption of Ultra Low Sulphur Diesel (ULSD), which requires more dosing of additives. The Europe Fuel additives market report estimates the size of the Fuel Additives market in terms of volume and value. The Europe Fuel additives market report provides a comprehensive review of the key market drivers, challenges, and issues.
The Europe Fuel Additives market was valued at $1,376.4million in 2013, and is projected to reach $1960.2 million by 2019, at a CAGR of 5.97%, for the given period.
The European Fuel Additives market is mainly driven by the rising consumption for aviation fuel and the desire for efficient and effective fuel will also boost the additives market.
http://www.micromarketmonitor.com/market/europe-fuel-additives-5379768082.html
Asia-Pacific Fuel Additives Market
The Asia Pacific Fuel Additives market was valued at 1,448.3million in 2013, and is projected to reach 2,310.1million by 2019, at a CAGR of 8.03%, for the given period. The Asia Pacific Fuel Additives market is mainly driven by the rapid development of the trucking fleet, growing industrial and transportation activity that has resulted in increasing demand for additives.
The report, ‘Asia Pacific Fuel Additives Market” defines and segments the Fuel Additives market in the region with analysis and projections of the size with respect to volume and value. The size of the Asia Pacific Fuel Additives market is projected to grow to 467.2 KT by 2019, at a CAGR of 4.63% from 2013-19.
http://www.micromarketmonitor.com/market/asia-pacific-fuel-additives-4780884399.html
Middle East and Africa Fuel Additives Market
Fuel additives market is witnessing an increase in demand due to the increasing consumption of Ultra Low Sulphur Diesel (ULSD), which requires more dosing of additives. The report estimates the size of the Fuel Additives market in terms of volume and value. The report provides a comprehensive review of the key market drivers, challenges, and issues.
The Middle East and Africa Fuel Additives market was valued at $677.9million in 2013, and is projected to reach $1021.4 million by 2019, at a CAGR of 7.38%, for the given period.
The Middle East and Africa Fuel Additives market is mainly driven by the rapid growth in the construction sector in the Middle-East that has led to an influx of population in the region and this is likely to drive the fuel additives market.
http://www.micromarketmonitor.com/market/middle-east-and-africa-fuel-additives-8557125676.html
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