Specialty Fuel Additives Industry Analysis Report and Forecast, 2016 to 2024

Growing consumption of fuels and concern to meet the strict environment-related norms is expected to drive the global specialty fuel additives market. Fuel additives demand will be high worldwide owing to the environmental regulations implemented on greenhouse gas emissions during combustion of fuel which led market participants to employ clean and high-quality fuel. Specialty fuels additives are chemical constitutions which when mixed with fuels enhance the properties of the fuel or restrain the undesirable properties of fuels. To impart the characteristics of the fuel additives are used. The additives are added to a large number of functions such as to reduce the consumption of fuel, reduce the emissions, to improve the power output and to prevent corrosion. Additives have low treat rate which does not alter the physical properties of the fuel such as volatility, viscosity, and density.