Mar 20, 2020   SOURCE: BusinessWire

Diesel Bottled (Aftermarket) Fuel Additives Market | Rising Vehicle Population to Boost Market Growth | Technavio

The diesel bottled (aftermarket) fuel additives market is expected to grow by USD 148.48 mn during 2019-2023 according to the latest market research report by Technavio. Request latest free sample report 2020-2024

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Technavio has announced its latest research report titled Global Diesel Bottled (Aftermarket) Fuel Additives Market 2019-2023 (Graphic: Business Wire)

Technavio has announced its latest research report titled Global Diesel Bottled (Aftermarket) Fuel Additives Market 2019-2023 (Graphic: Business Wire)

A key factor driving the growth of the global diesel bottled fuel additives market size is the rising vehicle population leading to high consumption of diesel bottled fuel additives. The number of vehicles on the road is increasing significantly across the world owing to the rising demand for passenger cars from middle-class income group. The increasing sales of vehicles will directly impact the consumption of diesel bottled fuel additives as these additives are widely used with diesel fuels. Thus, the increasing vehicle population will boost the diesel bottled fuel additives market growth during the forecast period.

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As per Technavio, the rising demand for ultra-low-sulfur diesel will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2019-2023.

Diesel Bottled (Aftermarket) Fuel Additives Market: Rising Demand For Ultra-low-sulfur Diesel

The demand for ultra-low-sulfur diesel is increasing significantly as it decreases harmful emissions from diesel combustion. Moreover, the adoption of ultra-low-sulfur diesel can also reduce the emission of exhaust gases comprising particulate matter and ozone precursors to near-zero levels. Furthermore, the use of ultra-low-sulfur diesel helps in improving combustion efficiency and quick starting engine in cold weather conditions. Diesel bottled fuel additives are added to ultra-low-sulfur diesel to prevent undesirable engine wear and improve the performance of vehicles. Thus, the rising demand for ultra-low-sulfur diesel will fuel the growth of the diesel bottled fuel additives market value during the forecast period.

“Factors such as the growing fuel economy standards for passenger cars and light trucks, and new developments in fuel additives will have a significant impact on the diesel bottled fuel additives market growth during the forecast period,” says a senior analyst at Technavio.

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Diesel Bottled (Aftermarket) Fuel Additives Market: Segmentation Analysis

This market research report segments the diesel bottled (aftermarket) fuel additives market by type (cetane improver, cold flow improver, corrosion inhibitor, anti-icing, combustion improver, deposit control, antioxidants, and other types), end-user (automotive, oil and gas, and others), and geographic landscape (APAC, Europe, MEA, North America, and South America).

The North American region led the diesel bottled fuel additives market in 2018, followed by Europe, APAC, South America, and MEA respectively. The growth of the diesel bottled fuel additives market in North America can be attributed to several factors such as the stringent regulations and policies pertaining to emissions, and the increase in automobile and industrial production in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request latest free sample report of 2020-2024

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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