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North America Fuel Additives Market provides pictorial methodology along with detailed sizing by capturing all dependent markets
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MicroMarket Monitor World’s 1st Real Time Market Intelligence Forecasts North America Fuel Additives Market is Expected to Reach $8,100 Million by 2017 http://www.micromarketmonitor.com/market/north-america-fuel-additives-4338185398.html
Browse through the market data tables, figures and detailed ToC on the “North America Fuel Additives Market.” http://www.micromarketmonitor.com/market/north-america-fuel-additives-4338185398.html http://www.micromarketmonitor.com/market/north-america-fuel-additives-4338185398.html
The fuel additives market is estimated to grow from $5,740.0 million in 2014 to $8,100 million by 2017, at a CAGR of 7.1%, from 2014 to 2019. • The market is expected to reach $2,310.1 million in Asia-Pacific by 2019, at a CAGR of 8.03% from 2014 to 2019. • By 2019, North America is projected to lose its current position in the ranking and also a chunk of its present share to become number two with 28.01% market share. • Europe will be confined to the third position with 24.2% market share. • North America will have a consumption of 59.4 KT by 2019 at a growth rate of 2.40% from 2014 to 2019 and a market value of $297.4 million, at a CAGR of 5.71%, from 2014 to 2019.
The growing trend of improving fuel efficiency and stringent environmental regulations, are contributing to the growth of the fuel additives market. • Fuel additives are chemicals, which are added to various fuels such as gasoline, diesel, jet fuel, kerosene, and so on, in order to enhance their performance. • Fuel additives are also responsible for reducing the corrosion effects caused by fuels and improving the combustion properties of fuels. • Additives, when added to any fuel, provide economies of scale in the long run, but, in the short run, these escalate the overall cost of the fuel products. • The various fuel additive types include deposit controllers, cetane improvers, fuel dyes and markers, antioxidants, cold flow improvers, corrosion inhibitors, lubricity improvers, anti icing, and octane improvers, among others. http://www.micromarketmonitor.com/market/north-america-fuel-additives-4338185398.html
Asia-Pacific Fuel Additives Market: • Asia-Pacific will have the fastest CAGR during the next five years, primarily due to the increase in fuel consumption. • North America will have a market of $2269.3 million by 2019, at a growth rate of 7.06% from 2014 to 2019, due to the effect of the stricter environmental regulations imposed by EIA. • Asia-Pacific is the global engine of economic growth and is expected to contribute more than 45% of the global energy-related CO2 emissions by 2030, and an estimated 60% by the year 2100. • However, there are encouraging signs like voluntary pledges by 10 countries to reduce their emissions by 2020. • http://www.micromarketmonitor.com/market/asia-pacific-fuel-additives-4780884399.html
Middle East and Africa Fuel Additives Market: • The African & Middle Eastern markets are likely to be better for the fuel additives market due to the significant growth in fuel demand in the transport sector in the region. • Due to the development of the South American economies, the fuel additives market also experiences overall growth in the market size. • The MEA region is expected to have a growth rate of 6.69% from 2014 to 2019, to reach $136.1 million by 2019 by value, and 26.7 KT in terms of volume by 2019, at a CAGR of 3.39%. • http://www.micromarketmonitor.com/market/middle-east-and-africa-fuel-additives-8557125676.html
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