Fior Markets latest offering namely Global Fuel Additives Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 inspects the potential of Fuel Additives based on present and the future prospects from various angles in detail. The report presents new industry information, market administering sellers, market measure, hypothesis, market share, investigation, major areas, and CAGR which offers understandable knowledge of the industry. The report gives an opportunistic roadmap to the reader by providing market share with respect to segments such as layers, type, application, and regions.
Fuel Additives is used in heavy fuel oil to control high temperature corrosion and ash fouling of gas turbine hot section components.
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Scope of the Report:
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.
In 2016, GCC region fuel additives consumption is 56.1 K MT, with a consumption share of 20.47%. Rest Asia region is the largest consumption region, especially Singapore, which is an important trade port. In 2016, Rest Asia region consumed 41.86% of global total consumption.
In application, fuel additives downstream application is electric power, vessel bunkering and others. Globally, the electric power consumption market is mainly distributed in GCC. Vessel bunkering is the largest application field of fuel additives. In 2016, vessel bunkering application share is 71.42%.
The worldwide market for Fuel Additives is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Fuel Additives in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Application on the premise on the top users/applications, this report focuses on the standing and outlook for major applications/end users, consumption (sales), market share and growth rate of Fuel Additives for every application, covering Electric Power, Vessel Bunkering, Others
Key market players focusing market: Chemtura, Baker(GE), Dorf Ketal, Systems Separation, Turbotect, Innospec, Pentol, Martin Marietta, Van Mannekus, Magna Group, Turbine-Power-Cleaner, Conntect, Osian Marine Chemicals,
For the market analysis, conspicuous suggestions from the senior experts were also considered which will help up-and-coming entrants as well as reputable companies to boost their segments. The winning strategies followed by these companies added in this report will only strategize but also execute industry operations. In the end, it sheds light on industry widening course of action, supplement, business data source, as well as inspect findings and the conclusion.
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