Key Players in the North America Fuel Additives Market are Afton Chemical Corporation (U.S.), Lubrizol Corporation (U.S.), and Innospec Inc. (U.S.).
(PRWEB) October 16, 2014
The North America Fuel Additives Market report defines and segments the fuel additives market with analysis and forecast of revenue.
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 in the North America fuel additives market, and is supported by various tables and figures.
Fuel additives are chemicals that are used to enhance the properties of fuel. They are mixed with fuel such as gasoline, diesel, aviation fuel, fuel oil, in order to improve fuel efficiency and reduce long-term costs. Also, the fuel additives help to meet the environmental emission control standards and improve engine or vehicle performance.
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The Fuel additives market in North America is concentrated in the U.S, Canada, and Mexico. The North American market is highly regulated with the EPA (Environment Protection Agency) playing a key role in the monitoring and commercialization of fuel additives products. Top players are investing on a large-scale for production of advanced technological products with better properties. The awareness about clean air and healthy lifestyle has increased; therefore, the demand for fuel additives is rising.
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The report covers the North America fuel additives market which is segmented on the basis of application and geography. In the North American region, the fuel additives are applied in aviation fuel (ATF), diesel fuel, and gasoline fuel.
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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 $1,403.93 million in 2013, and is projected to reach $1999.40 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.
Middle East and Africa Fuel Additives Market
The Middle East and Africa Fuel Additives market was valued at $691.45 million in 2013, and is projected to reach $1041.83 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.
The report, ‘Middle East and Africa 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 Middle East and Africa Fuel Additives market is projected to grow to 385.6 KT by 2019, at a CAGR of 2.78%, from 2013-19.
Middle East and Africa has the world’s most prolific oil and gas industry which is still growing strong due to the growing global consumption of fuels. Besides, rapid growth in the construction sector in the Middle-East has led to an influx of population in the region and this is likely to drive the fuel additives market. The economic getup of the region is different as compared to other regions in the sense that many of the countries are solely dependent on the sale of oil and gas related products. This is anticipated to augur well for the fuel additives business.
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