Energy & Green Renewable Technology Market News

Asian fuel additives industry set for massive growth

Energy Market Research

The best growth opportunities for the fuel additives are in the GCC and Asia Other region. In 2016, GCC region fuel additives consumption is 56.1 K MT, with a consumption share of 20.47%.

At present, the major manufacturers of fuel additives are Chemtura(LANXESS), Baker(GE), Dorf Ketal, Systems Separation, Magna Group and Martin Marietta etc. Baker (GE) is the world leader, holding 23.39% sales market share in 2016.

Rest Asia region is the largest consumption region, especially Singapore, which is an important trade port.

In 2016, Rest Asia region consumed 41.86% of global total consumption.

Access sample report: www.researchbeam.com/global-north-…et/request-sample

In application, fuel additives downstream application is electric power, vessel bunkering and others. Globally, the electric power consumption market is mainly distributed in GCC.

Vessel bunkering is the largest application field of fuel additives. In 2016, vessel bunkering application share is 71.42%.

In the future, global market is expected to decrease slowly. In 2023 the consumption of fuel additives is estimated to be 489 K MT.

Electric power consumed fuel additive tend to decrease greatly in the future.

Access report: www.researchbeam.com/global-north-…/purchase-enquiry

News From

Research Beam - precise market researchResearch Beam
Category: Market Research Publishers and RetailersCompany about: We have a large database of quality and precise market research reports that will be very beneficial for your organization. Reports that we sell our authentic in nature and from reputed publishers, hence it can definitely help you with your growth opportunities. In order to survive the fierce competition and locate different avenues, one must be privy to high end and quality market information. So, we try and provide you with latest market information by getting high market research reports fro ...
This email address is being protected from spambots. You need JavaScript enabled to view it.