Key Players: Fuel Performance Inc. (FPS) (U.S.), BASF Corporation (Germany), Cerion Energy (U.S.), Chevron Oronite Company LLC (U.S.), Cummins Filtration Inc. (U.S.), Chemtura Corporation (U.S.), Total Petrochemicals and Refining (France)
(PRWEB) August 25, 2014
The report “Fuel Additives Market by Applications, Types - Global Trends & Forecast to 2019” defines and segments the fuel additive market with an analysis and forecast of the market size in terms of value. The fuel additive market size in terms of value is expected to grow to $8,100 Million by 2019, at a significant CAGR from 2014 to 2019. It also determines the drivers and restraints of the fuel additives market with an analysis of trends, opportunities, burning issues, and winning imperatives.
Browse 137 market data tables and 38 figures spread through 298 pages and in-depth TOC on "Fuel Additives Market".
Early buyers will receive 10% customization on report.
Globally, the demand for fuels is ever-increasing and so is the demand for fuel additives. The benefit of using fuel additives is that they help to meet the increasingly stringent environment norms as different countries are implementing regulations to control emissions. Rigorous environmental regulations along with increasing demand for clean & efficient fuel, and depleting crude reserves are the main market drivers of the fuel additives market.
The fuel additives market has no specific set of raw materials or ingredients. Every fuel additive is different from the other in many ways and every manufacturer uses own set of raw materials and ingredients to manufacture these additives. The industry also lacks the need for bulk supplier; the raw materials used in bulk are very general chemicals like hydrocarbons and certain common metals like magnesium, cerium, and so on. It is very easy for manufacturers to get raw material. Moreover, large quantities of the ingredients are being sold in the open market, which implies that it would be easy for fuel additives producers to switch suppliers.
Expansion is a popular growth strategy among the players in the fuel additives market. The fuel additives manufacturers are focusing on expansion activities to cater to the increasing demand for fuel additives in various end-user industries in the emerging economies. The companies are also increasing their R&D activities, to develop new products such as bio-based fuel additives and Ultra Low Sulphur Diesel (ULSD), and to improve their production technologies. Some of the fuel additives manufacturers are acquiring other companies to increase their market share and strengthen their market condition. At the same time, the companies are forced to increase the price of their fuel additives-based products, due to an increase in the price of raw material and energy costs.
There are many global players that operate in this market. Leading players of this industry have been profiled with their recent developments and other strategic industry activities. These include, The Lubrizol Corporation (U.S.), Innospec Inc. (U.S.), Afton Chemical Corporation (U.S.), Infineum International Ltd (U.K.), Fuel Performance Inc. (FPS) (U.S.), BASF Corporation (Germany), Cerion Energy (U.S.), Chevron Oronite Company LLC (U.S.), Cummins Filtration Inc. (U.S.), Chemtura Corporation (U.S.), Total Petrochemicals and Refining (France), Evonik Industries AG (Germany), Dorf-Ketal Inc.(India), and Albemarle Corp.(U.S.).
Browse Related Reports:
Syngas Market & Derivatives - Global Trends & Forecast to 2018
Renewable Chemicals Market - Global Trends & Forecasts to 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog: http://www.marketsandmarketsblog.com/market-reports/chemical