An estimated USD 1,695 million will be generated by the Global automotive aftermarket fuel additives market between 2019 and 2025 at a CAGR of approximately 7.05 percent.
A rise in per-capita income in developing countries over the forecast period is expected to fuel the global automotive aftermarket fuel additives market
An in-depth look at the major market players is provided by the report’s analysis of company market shares. Also covered are acquisitions & mergers, new technology launches, agreements, collaborations & joint ventures, research & development and regional expansion of major participants in the global and regional market on a global and regional level.
Also included are analyses of pricing trends and a list of companies’ product offerings broken down by geographic region.
The study also covers various kinds of aftermarket gasoline additives.
Additives for deposit control, cetane improvement, octane boosting, cold flow improvement, fuel stabilisation, and demulsification are just a few of the many types available on the market today. The largest share of the market was held by deposit control additives.
Diesel injector deposits are controlled and prevented with the help of these additives. Fuel economy suffers as a result of inefficient combustion, which also reduces power and raises emissions. A buildup of deposits in the injector nozzle holes gradually reduces engine performance.
Therefore, deposit control additives are injected into fuels to improve fuel economy in order to avoid deposit build-up.
The use of automotive aftermarket fuel additives can be found in gasoline and diesel fuel.
It’s expected that diesel applications will grow at a much faster rate than gasoline applications during the forecast period.
It also examines the year-over-year growth in demand & production as well as forecast future opportunities in North America (United States), Latin America and Europe. The study also examines Y-O-Y growth in demand and supply as well as forecast future opportunities in North America (United States), Latin America and Europe. The study also examines Y-O-Y growth in demand & supply as well as forecast future opportunities in North America (United States) Latin America and Europe (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
We have included some of the most prominent companies in the global automotive aftermarket fuel additives market in our report:
TotalEnergies Company, Ashland Global Holdings Inc., BASF SE, The Lurizol Corporation, Afton Chemical, Evonik Industries AG, Chevron Corporation, Lucas Oil Products, Inc., and others.
The Fuel Additives Market for Automotive Aftermarket Vehicles
Diesel fuel additives have dominated the automotive aftermarket fuel additives market, and this trend is expected to continue.
As a result of the growing demand for ultra-low sulphur diesel (ULSD), which contains heavy amounts of additives, there has been an increase in the use of diesel fuel additives in various regions, particularly in Asia Pacific and Europe.
Vehicle emissions regulations that are becoming increasingly strict, combined with an increase in the number of vehicles on the road, are driving this market forward.
Due to strict emission control regulations and an increase in automobile sales, the demand for automotive aftermarket fuel additives is on the rise.
The Automotive Aftermarket Fuel Additives Market: Global Industry Analysis provides a comprehensive look at the industry.
For this report, we conducted extensive secondary research, primary interviews, and in-house expert reviews to arrive at our market estimates.
There are many factors that have influenced the Automotive AfterMarket Fuel Additives Market’s growth that have been taken into consideration in these estimates.
Also included in this chapter are the five forces: buyers’ bargaining power, supplier bargaining power; the threat of new entrants; the potential for substitutes; and the degree of competition in the Automotive AfterMarket Fuel Additives market.
System integrators, intermediaries, and end-users are all included in the market ecosystem explained here. The Automotive Aftermarket Fuel Additives Market’s competitive landscape is also examined in depth in the report.