Data Bridge Market Research analyses that the diesel bottled (aftermarket) fuel additives market will witness a CAGR of 6.5% for the forecast period of 2022-2029. Growth in demand for diesel bottled fuel additives, particularly in developing economies such as India and China, increasing use of specialty fuel additives for a wide range of end user applications such as gasoline/petrol additives, marine fuel additives, and others and surge in industrialization, particularly in developing countries are the major factors driving the growth of the diesel bottled fuel additives market.
Diesel fuel additives are chemicals that are soluble in diesel fuel and are added in small amounts to improve or enhance the properties of diesel. Fuel additives are compounds that have been developed to improve the quality and efficiency of the fuels used in automobiles. They raise the octane rating of a fuel or act as corrosion inhibitors or lubricants, allowing higher compression ratios to be used for greater efficiency and power.
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To improve handling and efficiency, commercial vehicles primarily use diesel bottled fuel additives in conjunction with diesel fuel. A significant increase in the automobile using population has occurred in recent years as a result of various factors such as demand for passenger cars from the middle-class income segment and the rise in sales of new passenger cars, thereby assisting the growth of the diesel bottled (aftermarket) fuel additives industry.
Some of the major players operating in the diesel bottled (aftermarket) fuel additives market Afton Chemical, The Lubrizol Corporation, Dorf Ketal Chemicals (I) Pvt. Ltd., Innospec, Chevron Corporation, Evonik Industries AG, Clariant, Infineum International Limited., Eurenco., Total, BASF SE, Buckman., DOVER CHEMICAL CORPORATION, Exxon Mobil Corporation, NewMarket Corporation, LANXESS, Cummins Inc.,, Baker Hughes Company, Croda International Plc., San Nopco Limited and Harmony Additive Pvt. Ltd. among others.
Scope of the Diesel Bottled (Aftermarket) Fuel Additives Market Report:
Diesel bottled (aftermarket) fuel additives market is segmented on the basis of type and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the global diesel bottled (aftermarket) fuel additives market is segmented into cetane improver, cold flow improver, corrosion inhibitor, anti-icing, combustion improver, deposit control, antioxidants and others.
- On the basis of end use industry, the global diesel bottled (aftermarket) fuel additives market is segmented into automotive, oil and gas and others.
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Diesel Bottled (Aftermarket) Fuel Additives Market Regional Analysis/Insights
The Diesel Bottled (Aftermarket) Fuel Additives market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Diesel Bottled (Aftermarket) Fuel Additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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