Pune, India, April 26, 2022 (GLOBE NEWSWIRE) -- The global fuel additives market size was USD 8.14 billion in 2021. The market is projected to grow from USD 8.62 billion in 2022 to USD 12.87 billion by 2029 at a CAGR of 5.9% during the 2022-2029 period. This information is published by Fortune Business Insights™, in its report, titled, "Fuel Additives Market, 2022-2029." The growing demand for advanced and enhanced goods from the car and other end-use sectors, the global fuel additives market is predicted to expand considerably. List of Key Players Covered in the Report BASF SA (Germany)Dow Inc. (U.S.) Lubrizol Corporation (U.S.) Evonik Industries AG (Germany) TotalEnergies (France) Clariant (Switzerland) Chemtura (U.S.) Dorf Ketal Chemicals (India) Innospec Inc. (U.S.) Get a Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/fuel-additives-market-102913 COVID-19 Impact Drop in Fuel Demand Drive to Hamper Fuel Additives Market Growth The influence of the pandemic on several end-use industries has been meticulously reviewed. The automobile industry has seen a deterioration in demand as a consequence of the shutdown of functioning activity. European vehicle manufacturers were compelled to shut their factories owing to the COVID-19 pandemic. Specific companies had to reduce output at European operations to manage the coronavirus outbreak and plummeting demand. Report Coverage The report delivers insightful information gained by methodical analysis done by our analysts. Exhaustive research was carried out to offer the predicted size of the fuel additives market. The data utilized to predict the shares for multiple segments at the national, zonal, and worldwide levels is gained from detailed interviews with various stakeholders. Additionally, we have obtained admittance to manifold global and zonal sponsored databases to present detailed information to make business investment decisions simple for our clients. Segmentation: Gasoline Segment to Hold a Significant Share Due to Growth in Automotive Sector Based on type deposit controlcetane improverslubricity improvercold-flow improverstability improveroctane improvercorrosion inhibitors Geographically North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa The market is segmented into gasoline, diesel, and aviation fuel in terms of application. The gasoline segment constituted the primary market share. Inquire Before Buying This Research Report: https://www.fortunebusinessinsights.com/enquiry/queries/fuel-additives-market-102913 Driving Factors Strict Rules Inflicted by Government Officers to Thrust Market Growth Owing to the augmented demand for fuel from numerous industries, the market for fuel additives is anticipated to increase promptly. The industry of fuel additives is one that needs extensive research and advanced development. To fulfill the demand from corporations that transform hydrocarbon into fuels to heat energy for different applications such as transportation, electricity production, and others, an extended variety of products has been produced. The market expansion will be assisted by severe releases control from autos and refineries. Among many aspects endorsing growth and development in the product portfolio of fuel, additives are raising apprehensions about air pollution triggered by the incomplete and complete combustion of hydrocarbons. Regional Insights North America to Lead Global Share Backed by Increasing Petroleum Exploration North America held the largest fuel additives market share and was worth USD 2.70 billion in 2021. North America presently dominates the market and is estimated to do so during the forecasted period. In regards to volume, Europe is anticipated to grow substantially. The market is predicted to be navigated by the well-settled automotive manufacturing sector and increasing demand for passenger vehicles. Asia Pacific is among the most flourishing regions. Owing to growing demand from nations such as China and India, the fuel additives sector is estimated to be a considerable driver for the market. Competitive Landscape Inventive Product Presentations by Prime Players to Boost Market Growth The pivotal players embrace numerous tactics to bolster their position in the market as dominating companies. One such major approach is procuring companies to spur the brand value among users. Another effective notion is launching innovative products from time to time with a methodical study of the market and its target customers. Notable Industry Development: December 2021: BASF unveiled a novel multiuse diesel additive below the brand name KEROPUR-D in South Korea. It is a high performance versatile diesel additive that eradicates deposits from the engine and avoids the formation of novel deposits. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/fuel-additives-market-102913 Detailed Table of Content: Introduction Research ScopeMarket SegmentationResearch MethodologyDefinitions and Assumptions Executive SummaryMarket Dynamics Market DriversMarket RestraintsMarket OpportunitiesEmerging Trends Key Insights Key Emerging Trends – For Major Countries Industry SWOT AnalysisRegulatory AnalysisRecent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions Qualitative Insights – Impact of COVID-19 on Global Fuel Additives Market Supply Chain ChallengesSteps taken by Government/Companies to overcome this impactPotential opportunities due to COVID-19 outbreak Global Fuel Additives Market Analysis, Insights and Forecast, 2018-2029 Key Findings / SummaryMarket Size Estimates and Forecast By Type (Volume/Value) Deposit ControlCetane ImproverLubricity ImproverCold Fow ImoroverStability ImproverOctane improverCorrosion Inhibitor By Application (Volume/Value) GasolineDieselAviation Fuel TOC Continued…! Speak to Our Expert: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/fuel-additives-market-102913 Read Related Insights: Lubricants Market Size, Share & COVID-19 Impact Analysis, By Type (Automotive Oils, Industrial Oils, Marine Oil and Process Oils), By Grade (Mineral, Synthetic and Semi-synthetic), By Application (Automotive, Industrial and Others), and Regional Forecast, 2021-2028 Bio lubricants Market Size, Share & Covid-19 Impact Analysis, By Application (Hydraulic Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents, Two-Cycle Engine Oils, Gear Oils, Greases, and Others), By End-use Industry (Automotive and Other Transportation, Metalworking, Mining, Forestry, Marine, Engines, and Others), and Regional Forecast, 2020-2027 Automotive Lubricants Market Size, Share & Industry Analysis, By Oil Type (Synthetic, Semi-synthetic, and Conventional or Mineral), By Product Type (Engine Oil, Gear Oil, Transmission Fluids, Coolant, and Brake Fluid & Greases), and Regional Forecast, 2019-2026 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. 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