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Global Fuel Additive Consumption will Increase to 489,000 tons in 2023

Author: QYResearch Publish date: 2018-05-02 Views: 31
In global market, the sales of fuel additives varied from 443,000 tons in 2012 to 274,000 tons in 2016, at a CAGR of more than -11.31%. In 2016, the global fuel additives market is led by Europe, capturing about 40.44% of global fuel additives production. North America is the second-largest region-wise market with 39.31% global production share.


Publisher: QYResearch

Published Date: 2018-05-02

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At present, the major manufacturers of fuel additives are Chemtura(LANXESS), Baker(GE), Dorf Ketal, Systems Separation, Magna Group and Martin Marietta etc. Baker (GE) is the world leader, holding 23.39% sales market share in 2016.


The best growth opportunities for the fuel additives are in the GCC and Asia Other region. In 2016, GCC region fuel additives consumption is 56,000 tons, with a consumption share of 20.47%. Rest Asia region is the largest consumption region, especially Singapore, which is an important trade port. In 2016, Rest Asia region consumed 41.86% of global total consumption.


In application, fuel additives downstream application is electric power, vessel bunkering and others. Globally, the electric power consumption market is mainly distributed in GCC. Vessel bunkering is the largest application field of fuel additives. In 2016, vessel bunkering application share is 71.42%.


In the future, global market is expected to decrease slowly. In 2023 the consumption of fuel additives is estimated to be 489 K MT. Electric power consumed fuel additive tend to decrease greatly in the future.


The Global Fuel Additives Market Research Report 2018 report released by QYResearch provides a basic overview of the Fuel Additives industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Ion Selective Permeable Membrane industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report:https://www.qyresearch.com/index/detail/333098/global-fuel-additives-market-research-report
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