Fuel Additives Market’s Opportunities and Challenges

 Breaking News
  • No posts were found

Fuel Additives Market’s Opportunities and Challenges

October 19
18:16 2019
Fuel Additives Market’s Opportunities and Challenges

Browse 200 market data Tables and 47 Figures spread through 161 Pages and in-depth TOC on “Fuel Additives Market”
Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel)

The fuel additives market size is projected to reach USD 8.7 billion by 2023, at a CAGR of 3.1% between 2018 and 2023.

Downloads PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=723

Browse 200 market data Tables and 47 Figures spread through 161 Pages and in-depth TOC on “Fuel Additives Market”

How will the increase in demand for ultra-low sulfur diesel (ULSD) provide opportunity for market growth?

The increasing use of low sulfur content fuels will boost the growth of newer emissions control technologies like the addition of fuel additives. Their use will substantially lower emissions of particulate matter from diesel engines. This was first introduced in the EU and later in North America.

Ultra-low-sulfur diesel (ULSD) containing 15 ppm of sulfur was introduced for highway diesel fuel in 2006 in the US. ULSD is also expected to be used in non-highway diesel fuel. When it is introduced in non-highway fuel, the demand for fuel additives is expected to increase across the globe. Diesel engines that are equipped with advanced emission control devices use the highway ULSD fuel, which helps decrease emissions.

Request for Sample of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=723

Huge investment in R&D proving to be a restraint for the market growth?

Fuel additives are added in small quantities to fuel. To be effective, the engineering needs to be done at the atomic level. The R&D cost in terms of man-hours, materials, and technology are extremely large. There are only limited elements that can be used in the manufacture of additives, and the resulting mixture has to guarantee minimum features under different conditions to be considered for testing. The product once identified for testing has to deliver fuel efficiency that not only has long term benefits, but also visible short-term benefits. Not everybody has access to such technology, capital, and human expertise to manufacture an environmentally-friendly, efficient, and effective additive at a competitive price. This need for high R&D investment and technological expertise is a major restraining factor to the growth of the fuel additives market.

Related Reports:

 

Asphalt Additives Market by Type (Polymeric Modifiers, Anti-Strip & Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt,), Application, Technology – Global Forecast to 2029

Polyurethane Additives Market by Type, Application (Flexible Foam, Rigid Foam, Adhesive & Sealant, Coating, Elastomer, Binders), End-Use Industry (Automotive, Building & Construction, and Bedding & Furniture), and Region – Global Forecast to 2021

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Fuel additives are added in small quantities to fuel. To be effective, the engineering needs to be done at the atomic level. The R&D cost in terms of man-hours, materials, and technology are extremely large. There are only limited elements that can be used in the manufacture of additives, and the resulting mixture has to guarantee minimum features under different conditions to be considered for testing. The product once identified for testing has to deliver fuel efficiency that not only has long term benefits, but also visible short-term benefits. Not everybody has access to such technology, capital, and human expertise to manufacture an environmentally-friendly, efficient, and effective additive at a competitive price. This need for high R&D investment and technological expertise is a major restraining factor to the growth of the fuel additives market.

 

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/fuel-additives-market-723.html

Categories