Growing desire for fuel efficiency continues to be a major factor driving the worldwide speciality fuel additives market upward. Government rules, on the other hand, are expected to drastically reduce demand for specialist fuel additives. According to a recent Fact.MR analysis, the global market for specialised gasoline additives is expected to grow at a CAGR of 4.9 percent through 2022.
Several macro and microeconomic issues are predicted to limit the growth of the worldwide speciality fuel additive market. The global speciality fuel additive industry is expected to benefit from an increase in demand for fuel economy. The automobile and aviation industries are expected to have the highest demand for specialist gasoline additives.
Catene Improvers to Represent a Leading Segment
Cetane improvers are more likely to be sold globally than deposit control additives. Antioxidant demand, on the other hand, is expected to expand at a pretty fast rate in the global market. By the end of 2022, the cetane improvers segment is expected to be worth more than US$ 600 million.
By the end of 2022, the diesel speciality segment is expected to account for more than US$ 500 million in the global market for fuel additives. During the forecast period, sales of specialised fuel additives are expected to remain high in diesel specialty products compared to gasoline specialty products. Furthermore, the worldwide specialty fuel additive market is expected to grow at a comparatively high CAGR through 2022 in the diesel specialised application type segment.
Diesel Specialty to Represent a Leading Segment
Demand for cetane improvers is predicted to rise as the necessity for minimising ignition delays during combustion grows. By the end of 2022, the cetane improvers segment is estimated to be worth over US$ 600 million.
By the end of 2022, the deposit control additives sector is predicted to have the second largest revenue growth in the global market. The anitoxidants sector, on the other hand, is predicted to grow at the fastest rate in the global market through 2022.
By the end of 2022, the global speciality fuel additives market is estimated to be worth more than US$ 500 million for the diesel specialty category. By the end of 2022, the gasoline segment is predicted to have the second largest revenue growth in the global market.
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