Diesel Bottled Fuel Additives Market (Aftermarket): North America to Take 30% Market Share

NEW YORK, July 11, 2022 /PRNewswire/ — The “Diesel Bottled Fuel Additives Market (Aftermarket) by End User (Automotive, Oil & Gas, and Others), Geography (North America, EuropeACPA, South Americaand MEA), and Type (cetane improvers, cold flow improvers, corrosion inhibitors, anti-icing and others) – The “Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. $157.96 million from 2020 to 2025, and the growth momentum of the market will accelerate to a CAGR of 4.89%. Technavio classifies the global market for bottled diesel fuel additives (secondary market) as part of the global commodity chemicals market. Our research report has extensively covered the external factors influencing the growth potential of the parent market in the coming years, which will determine the growth levels of the Diesel Bottled Fuel Additives (Aftermarket) market during the forecast period .

Technavio has announced its latest market research report titled Diesel Bottled Fuel Additives Market (Aftermarket) by End User, Type and Geography – Forecast and Analysis 2021-2025

Diesel Bottled Fuel Additives Market (Aftermarket) – Segmentation Analysis:

The Diesel Bottled Fuel Additives (Aftermarket) market report is segmented by: Final user (automotive, oil and gas, and others), Geography (North America, EuropeACPA, South Americaand MEA), and Type (cetane improvers, cold flow improvers, corrosion inhibitors, anti-icing, and others).

  • Regional component: 30% of market growth will come from North America during the forecast period. The United States is the primary market for bottled diesel fuel additives (aftermarket) in North America. Market growth in this region will be slower than market growth in other regions. Strict emission regulations and policies are expected to drive the demand for bottled diesel fuel additives (aftermarket) as they increase engine and fuel efficiency and reduce greenhouse gas emissions.

  • Revenue generating segment: The growth of market share of bottled diesel fuel additives (aftermarket) in the automotive industry will be important for revenue generation. In the automotive segment, diesel bottle fuel additives (aftermarket) are typically used in transportation and freight applications. The global demand for bottled diesel fuel additives (aftermarket) is expected to grow steadily due to increasing vehicle adoption and increased vehicle life due to improved maintenance services.

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Diesel Bottled Fuel Additives Market (Secondary Market) – Key Market Dynamics:

  • market engine The key factor driving the growth of the Diesel Bottled Fuel Additives (Aftermarket) market is the growing number of vehicles resulting in the high consumption of Diesel Bottled Fuel Additives (Aftermarket). There are several important factors due to which the vehicles on the road are increasing. As the demand for passenger cars from the middle class income group increases, new passenger car sales are witnessing substantial growth in the market. There has been an increase in demand for these vehicles from countries such as India and China, where passenger car penetration is lower. In light commercial vehicles, demand is driven by growth in the e-commerce and construction industries.

  • Market Challenges – Rising popularity of battery electric vehicles is one of the major challenges hampering the growth of the Diesel Bottled Fuel Additives (Aftermarket) market. The battery electric vehicle (BEV) market is supported by governments around the world to reduce carbon emissions. The global battery electric vehicle market is booming due to various advantages and benefits provided by governments, increased consumer awareness of reducing greenhouse gas emissions, stringent carbon emission standards to reduce average carbon dioxide emissions tracked by original equipment manufacturers, and increased collaboration between international and regional players. The growing demand for electric vehicles in countries such as Canada, ChinaUnited States, Germanyand the UK, is expected to pose a threat to fuel additives

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Diesel Bottled Fuel Additives Market (Aftermarket) – Vendor Analysis

The Bottled Diesel Fuel Additives Market (Aftermarket) is fragmented and suppliers are deploying growth strategies such as increasing R&D investments to compete in the market.

  • To access more supplier profiles with their key offerings available with Technavio, click here

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Scope of Diesel Bottled Fuel Additives Market (Aftermarket)

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of nearly 4.89%

Market Growth 2021-2025

$157.96 million

Market structure

Fragmented

Annual growth (%)

4.07

Successful market contribution

North America at 30%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Afton Group, BASF SE, Callington Haven Pty. Ltd., Chevron Corp., Cummins Inc., Evonik Industries AG, LIQUI MOLY GmbH, Lucas Oil Products Inc., The Lubrizol Corp. and TotalEnergies SE

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and get custom segments.

Main topics covered:

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by End User

6 Market Segmentation by Type

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

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