The report "Automotive Aftermarket Fuel Additives Market by Application (Gasoline, Diesel), Distribution Channel (Big Stores, 4S Stores, Unauthorized Centers, Gas Stations, and so on), Supply Mode - Global Forecast to 2021", The market of automotive aftermarket fuel additives is estimated to grow from USD 919.6 Million in 2015 to USD 1,387.0 Million by 2021, at a CAGR of 7.15%, in terms of value. The market is driven by the rise in stringent environmental regulations for vehicular emissions and the increase in the sale of automotives.
Browse 32 market data tables and 56 figures spread through 132 pages and in-depth TOC on “Automotive Aftermarket Fuel Additives Market by Application (Gasoline, Diesel), Distribution Channel (Big Stores, 4S Stores, Unauthorized Centers, Gas Stations, and so on), Supply Mode - Global Forecast to 2021”
Early buyers will receive 10% customization on reports.
Deposit control additives type accounted for the highest demand in the automotive aftermarket fuel additives market
The deposit control additives segment has been witnessing significant demand in recent years due to the several advantages it offers when added to fuel. Improper fuel combustion leads to the increase in emissions and a decrease in the fuel economy of the engine. The diesel flow is choked due to the deposits that build up in the injector nozzle holes. These deposits affect fuel delivery to the engine, thereby impacting combustion, emission and fuel economy. This segment accounted for the largest market share, in terms of value, in 2015.
E-commerce, 4S stores and big stores are preferred channels of distribution
The end-users of these automotive aftermarket fuel additives are the automotive vehicle owners. 4S stores (sale, spare parts, survey and service) and big stores such as Wal-Mart are the most preferred distribution channels for automotive aftermarket fuel additives products. E-commerce is also gaining wide acceptance for the same due to internet penetration among the customers.
North America is the largest market for automotive aftermarket fuel additives
North America has, conventionally, always been a strong market for fuel additives. Due to stringent environmental regulations, this industry is experiencing significant growth. The North American market is highly regulated with the Environmental Protection Agency (EPA), playing a key role in commercializing and monitoring the automotive aftermarket fuel additives products.
The key players in the automotive aftermarket fuel additives market are Afton Chemical Corporation (U.S.), Chevron Oronite Company LLC. (U.S.), Total S.A. (France), BASF SE (Germany), Lucas Oil Products, Inc. (U.S.), Ashland Inc. (U.S.), BG Products, Inc. (U.S.), Lubrizol Corporation (U.S.), and Infineum International Ltd. (U.K.).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE