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Specialty Fuel Additives Market Share

Report ID: GMI369
Published Date: Mar 2016
Report Format: PDF

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Specialty Fuel Additives Market Share

Specialty fuel additives market analysis is partly consolidated and competitive, as the top industry participants accounted for below 50% industry revenue share in 2015.

Some of the major companies include

Innospec Inc
Chemtura
Infineum
Lubrizol corporation
BASF SE
Baker Hughes

In December 2015, Chemtura announced plans to expand its production capacity for antioxidants (ADPAs, a type of specialty fuel additive) in Italy. This expansion includes building a new manufacturing facility. In 2014 and late 2015, the company increased ADPA capacity at Elmira site in Ontario, Canada.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The specialty fuel additives market size is expected to achieve $10 billion by 2023, registering with a CAGR of 6.5%.

Increasing demand for biofuels, strong ULSD (Ultra Low Sulfur Diesel) and stringent emission control regulatory standards are the key factors expected to drive the growth of global market.

The North America specialty fuel additives market value will surpass USD 2.5 billion by 2023.

Prominent participants in the specialty fuel additives industry comprise Innospec Inc, Chemtura, Infineum, Lubrizol corporation, BASF SE and Baker Hughes, and others.