Bottled Fuel Additives Market to Poised $485 Million By 2020 – Due to High Demand in Automotive Sector

“The Report “Bottled Fuel Additives Market: By Type, Application & Geography – Forecast (2015-2020), published by IndustryARC, estimates the market to reach $485 million by 2020.” says Bottled Fuel Additives Market, Led by Increased Consumption from Developing Economies and Changing Environmental Regulations, To Reach $485 Million In Revenues By 2020 At A CAGR Of 1.6%

Bottled fuel additives are compounds formulated to enhance the quality and efficiency of the fuels used in motor vehicles. In some cases, the supplier incorporates the additive into the gasoline itself; at other times, the fuel additive is sold as a separate product that consumers may use to improve or maintain the performance of their engines. There are several benefits associated with the use of additives. One of the main advantages has to do with engine performance. With some fuel oil additives, the product is claimed to boost the octane level of the gasoline, providing the engine with more power from the same amount of gas. The end result is the ability to travel further on gas infused with additives than would be possible otherwise.

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Bottled fuel additives has seen an increase in demand due to the rigorous environmental regulations and consumers’ need for an efficient system that can give them a better return on one of their major investments, an automobile. Bottled fuel additives do add to the cost of buying an automobile but in the long run prevent major expenses to the consumer.

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Bottled fuel additives market finds its applications across various industries which are incorporated in the report:

  • Diesel
  • Gasoline
  • Biofuels
  • Industrial
  • Marine Fuels
  • Aviation 

Bottled fuel additives market is emerging in Asia-Pacific as one of the upcoming regions, whereas Europe and American markets have reached a point of saturation. Following are the major players in this market:

  • BASF SE          
  • Chevron Corporation
  • Clariant AG    
  • Innospec Inc.  
  • Chemtura Corporation 

Bottled Fuel Additives Recorded Revenues Of $438.6 Million In 2014 And For The Period 2015-20, It Is Estimated To Grow At A CAGR Of 1.6% To Reach $485 Million By 2020.

For the year 2014, America and Europe have been the largest contributors by volume consumed and revenue generated to the bottled fuel additives. As per IndustryARC insights, Asia-Pacific, the Middle East & African regions to be amongst the fastest growing markets of bottled fuel additives by 2020. By the year 2020, Asia-Pacific is estimated to grow at a CAGR of 3.8% and generate revenues up to $86.3 million while the RoW with Middle East and African countries are estimated to grow at 2% to reach $ 59.1 million in revenues.  

The developing economies currently witnessed a growing urbanization. This has led to an upcoming and a consistently growing automobile sector. As a result it is inevitable for the OEMs to increase production, ultimately affecting the automobile which are burdened with the tasks of reaching their production peaks. Increased automobile production will lead to a spurt in the number of consumers of these bottled fuel additives.

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