DUBLIN, Nov. 11, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Fuel Additives Market by Applications, Types - Global Trends & Forecast to 2019" report to their offering.
The fuel additives market is witnessing a high growth due to rising demand of low emission fuels that would become significant in the future, especially in the North American and European regions. North America holds a major market share, followed by Europe and Asia-Pacific. With regard to individual countries, the market is dominated by the U.S. due to the constant innovations of fuel additives that help in optimizing and enhancing the present material and processes.
The fuel additives market is anticipated to increase at a healthy rate annually, to reach $8,100 million, by 2019. Fuel additives are primarily used in gasoline, diesel, aviation, and other fuels-which could include fuel oil and marine oil. The diesel fuel additives industry is growing at a high rate, while the gasoline industry is experiencing a steady growth. The report covers the fuel additives market and its trends that concern five regions, namely, Europe, North America, Asia-Pacific, The Middle East & Africa, and South America; and the major countries in each region, such as the U.S., Canada, Mexico, Germany, France, Italy, the U.K., Russia, China, Japan, and India.
The research and development (R&D) cost involved in the fuel additives in terms of man hours, material, and technology are significant. There is a lot of R&D required at the micro level in fuel additives to deliver a quality product. The growth in the fuel additives market requires constant innovation and the introduction of new and improved products and technologies that meet the requirements. This has contributed largely to an enhanced focus on R&D by the players to bring new products with better efficiency as well as to decrease the cost of production through the implementation of new technologies.
The unrelenting drive to reduce sulphur and nitrogen compound emissions from automobiles is significantly promoting the use of alternate fuels and consequently, fuel additives. For instance, the Environmental Protection Agency's (EPA's) proposed law to lower the sulphur content in diesel from 500 ppm to 15 ppm will affect the lubricity of the fuel. If this law is passed, fuel additive producers will experience a boost in demand for specific additives such as lubricity enhancers.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Fuel Additives Market, By Type
6 Fuel Additives Market, By Application
7 Fuel Additives Market, By Region
8 Competitive Landscape
9 Company Profiles
- Afton Chemical Corporation
- Albemarle Inc.
- BASF SE
- Cerion Energy
- Chemtura Corporation
- Chevron Oronite Inc.
- Cummins Inc.
- Dorf-Ketal Chemicals India Private Limited
- Evonik Industries Ag
- Infineum International Ltd.
- Innospec Inc.
- Fuel Performance Solutions Inc.
- The Lubrizol Corporation
- Total SA
For more information visit http://www.researchandmarkets.com/research/3t4pfb/fuel_additives
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SOURCE Research and Markets