Global Fuel Additives Market Research Report 2021

Fuel Additives is used in heavy fuel oil to control high temperature corrosion and ash fouling of gas turbine hot section components.
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.
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.

Market Analysis and Insights: Global Fuel Additives Market
The global Fuel Additives market was valued at US$ 460.6 million in 2019 and it is expected to reach US$ 297.1 million by the end of 2026, growing at a CAGR of -6.0% during 2021-2026.

Global Fuel Additives Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Fuel Additives Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Magnesium Sulfonate
Magnesium Carboxylate
Magnesium Hydroxide
Others

Segment by Application
Electric Power
Vessel Bunkering
Others

By Company
Lanxess
Baker(GE)
Dorf Ketal
Systems Separation
Turbotect
Innospec
Pentol
Martin Marietta
Van Mannekus
Magna Group
Turbine-Power-Cleaner
Conntect
Osian Marine Chemicals

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E