FORT WORTH, Texas, June 11, 2015 /PRNewswire/ --
The global diesel additives market was valued at $3,717.7 million in 2014 and is projected to grow at a CAGR of 7.3% from 2014 to 2019.
Browse through the TOC of global diesel fuel additives market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Diesel additives are the largest application of fuel additives. Fuel additives are designed to meet the increasingly stringent environment norms as several countries are implementing regulations to control emissions. Stringent environmental regulations, increasing demand for clean and efficient fuel, and depleting crude reserves are among the major drivers for the growth of the diesel additives market. The diesel additives market is witnessing an increase in demand due to the increasing consumption of Ultra-Low-Sulfur Diesel (ULSD), which requires more dosing of additives.
New product developments and expansions are the key strategies adopted by the market players to drive their growth in the global diesel additives market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of diesel additives to match the new demands coming from various end-user industries.
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The North American region is the largest market for diesel additives, in terms of volume and value, followed by Asia-Pacific and Europe. The key players in the global diesel additives market are Afton Chemical (U.S.), Albemarle Corp. (U.S.), Chevron Oronite (U.S.), Infineum International Inc. (U.K.), Fuel Performance Solutions, Inc. (U.S.), and The Lubrizol Corporation (U.S.), among others.
The diesel additives demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
In-depth profiling of the key players have been conducted, along with the recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the global diesel additives market.
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