TechNavio recognizes the following companies as the key players in the Global Specialty Fuel Additives Market: Afton Chemical Corp., Infineum International Ltd., Innospec Inc., and The Lubrizol Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Since the Global Specialty Fuel Additives market is highly competitive, manufacturers are coming up with new and innovative fuel additives and also exploring new application areas for the existing range of products to stay ahead in the competition. Moreover, growing environmental and health concerns have led refiners to focus on the development of low-sulfur content, and low VOC-emitting fuels. This is increasing the demand for fuel additives. The market for fuel additives is also witnessing increased expenditure on the R&D of new products and services. Research is also being done for upgrading and optimizing the performance of various fuels used in automobile, marine, and aviation applications.”
According to the report, one of the major drivers in this market is the increasing demand for cleaner transportation fuels, which in turn has resulted in an increased demand for fuel additives in petroleum products.
Further, the report states that one of the major challenges faced by this market is the high rate of adoption of alternate fuels in different regions. Due to the decrease in the consumption of fossil fuels, the demand for fuel additives has decreased in these regions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-specialty-fuel-additives-market-2…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Specialty Fuel Additives Market 2012-2016
