Fuel Additives Market worth $7.1 billion by 2026 - Exclusive Report by MarketsandMarkets - Seite 2

Gasoline was the second major application for the fuel additives market in 2020 in the world"

The fuel additives market size for gasoline accounted for the second-largest share of global fuel additives after diesel, in terms of value, in 2020 this was led by the demand from the automotive industry.

Most of the countries are expected to continue using unleaded gasoline fuel with a relatively higher dosing of additives than normal gasoline. Gasoline consumption is expected to increase worldwide and, subsequently, the consumption of fuel additive is expected to increase to meet the stringent environmental norms, especially in North America. This will drive the market during the forecast period.

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"North America is estimated to be the largest region in fuel additives market in 2020."

The North American fuel additives market is the largest fuel additives market in the world by value. Globally, it has been leading the market with regards to demand as well as product innovation in terms of quality and application development. Due to stringent environmental regulations, the fuel additives industry is experiencing significant growth. The North American market is highly regulated with the Environment Protection Agency (EPA) playing a key role in the monitoring and commercialization of fuel additives products.

The key Fuel Additives Market players profiled in the report include Afton Chemical Corporation (US), The Lubrizol Corporation (US), Innospec Inc. (US), BASF SE (Germany), Evonik Industries AG (Germany), LANXESS AG, Chevron Oronite Company LLC (US), Dorf Ketal Chemicals (US), Infineum International Limited (UK), Cummins Inc.(US), Total SA (France), Baker Hughes (US), Clariant AG(Switzerland), Croda International PLC (UK), ENI SPA (Italy), Chempoint Solutions Company (US), Solvay S.A.(Belgium), Huntsman Corporation(US), The Dow Chemical Corporation (US), Eastman Chemical Corporation (US), Petroleum Logistics(US), Iftex Oil & Chemicals Ltd.(India), Eastern Petroleum(India), Lucas Oil Products Inc.(US) and Lubricant Engineers (US).