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Specialty fuel additives are chemical compounds formulated to improve fuel quality and efficiency. Specialty fuel additives help in burning of the fuel within the cylinder after combustion and help in knocking. Â The engine operates smoothly as a result of the impact resistance of special fuel additives. Antifreeze treatment chemicals, cold flow additives, and fuel antioxidants are the most widely used specialty fuel additives in various end-use sectors. The increase in popularity of the biofuel industry as well as a strong focus on improving fuel efficiency, particularly in terms of efficiency and emissions, promote the development of the global specialty fuel additive market.
COVID-19 Impact Analysis
Top Impacting Factors
Stringent government regulations, rise in high toxic emissions due to expansion in the manufacturing sector and increase in ethanol consumption drive the growth of the global specialty fuel additives market.Â
Growth in demand of hybrid vehicles, increase in battery price parity and surge in usage of alternative fuels like compressed natural gas (CNG) and liquid petroleum gas (LPG) hinder of the global specialty fuel additives market.Â
Increase in demand for ultra-low-sulfur diesel (ULSD) provides lucrative opportunities for the global specialty fuel additives market.
Market TrendsÂ
Growing Demand for Multifunctional Fuel AdditivesÂ
Key Benefits of the Report:
Questions Answered in the Specialty Fuel Additives Market Research Report:
Specialty Fuel Additives Market Report Highlights
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Key Market Players | Chemtura, Baker Hughes, Total, NALCO Champion, Lubrizol, Albemarle, Dow Chemical Company, Dorf Ketal, Eurenco, Chevron Oronite, Evonik Industries, Clariant, Innospec, BASF, Infineum |
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