The North America Fuel Additives Market report defines and segments the concerned market with analysis and forecast of revenue. This market is estimated to cross $2,314.99 million by 2019, at a CAGR of 7.06% during the forecast period.
Browse through the TOC of North America Fuel Additives Market for an analysis of industry trends, segments & forecasts.
Fuel additives market is witnessing an increase in demand due to the increasing consumption of Ultra Low Sulphur Diesel (ULSD), which requires more dosing of additives. The North America Fuel Additives report estimates the size of the Fuel Additives market both in terms of volume and value. The report provides a comprehensive review of the key market drivers, challenges, and issues.
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As the global environmental regulations have become more stringent, the fuel additives industry is experiencing significant growth. The North American market is highly regulated with the EPA (Environment Protection Agency) playing a key role in the monitoring and commercialization of fuel additives products.
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The diesel fuel additives accounts for highest share i.e. 59.6% size share in 2013 in North American fuel additive market. The North America Fuel Additives market report covers the fuel additives market in North America and its key countries. The key countries covered are Canada, Mexico, and the U.S.
North America has conventionally, always been a strong market for fuel additives. Globally, this market has been a leader with respect to demand as well as product innovation in terms of quality and application development. Key countries in the North American market are the U.S. (the most dominant market, accounting for a significant market share), Canada, and Mexico. The major players in the industry are Afton Chemical Corporation (U.S.), Lubrizol Corporation (U.S.), and Innospec Inc. (U.S.).
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