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Market Analysis and Insights: Global Fuel Additives Market
Fuel Additives is used in heavy fuel oil to control high temperature corrosion and ash fouling of gas turbine hot section components.
Due to the COVID-19 pandemic, the global Fuel Additives market size is estimated to be worth US$ 404.8 million in 2022 and is forecast to a readjusted size of US$ 261.1 million by 2029 with a CAGR of -6.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Magnesium Sulfonate accounting for % of the Fuel Additives global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Electric Power segment is altered to an % CAGR throughout this forecast period.
Global Fuel Additives main players are Afton Chemical, BASF,Lubrizol, Chevron Oronite, Infenium, etc. Global top five manufacturers hold a share over 25%. Europe is the largest market, with a share nearly 30%.
Global Fuel Additives Scope and Market Size
The global Fuel Additives market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Fuel Additives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Magnesium Sulfonate
Magnesium Carboxylate
Magnesium Hydroxide
Others
Segment by Application
Electric Power
Vessel Bunkering
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Lanxess
Baker(GE)
Dorf Ketal
Systems Separation
Turbotect
Innospec
Pentol
Martin Marietta
Van Mannekus
Magna Group
Turbine-Power-Cleaner
Conntect
Osian Marine Chemicals
Fuel Additives is used in heavy fuel oil to control high temperature corrosion and ash fouling of gas turbine hot section components.
Due to the COVID-19 pandemic, the global Fuel Additives market size is estimated to be worth US$ 404.8 million in 2022 and is forecast to a readjusted size of US$ 261.1 million by 2029 with a CAGR of -6.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Magnesium Sulfonate accounting for % of the Fuel Additives global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Electric Power segment is altered to an % CAGR throughout this forecast period.
Global Fuel Additives main players are Afton Chemical, BASF,Lubrizol, Chevron Oronite, Infenium, etc. Global top five manufacturers hold a share over 25%. Europe is the largest market, with a share nearly 30%.
Global Fuel Additives Scope and Market Size
The global Fuel Additives market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Fuel Additives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Magnesium Sulfonate
Magnesium Carboxylate
Magnesium Hydroxide
Others
Segment by Application
Electric Power
Vessel Bunkering
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Lanxess
Baker(GE)
Dorf Ketal
Systems Separation
Turbotect
Innospec
Pentol
Martin Marietta
Van Mannekus
Magna Group
Turbine-Power-Cleaner
Conntect
Osian Marine Chemicals
Frequently Asked Questions
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