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The global automotive aftermarket fuel additives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is projected to display the largest revenue of USD 769.3 Million by the end of 2030, up from a revenue of USD 421.1 Million in the year 2020. The growth of the market in the region can primarily be attributed to the stringent government regulations to lower vehicular emissions, backed by the surge in concern for the rising pollution from vehicles.
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GlobalAutomotiveAftermarketFuelAdditivesMarkettoGrowon the Back of Growing Stringent Regulations of the Government of Nations to Lower Vehicular Emissions; Market to Grow with a CAGR of 6.0% During2021-2030 Kenneth Research has released a report titled “Automotive Aftermarket Fuel Additives Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzingparameterssuchasindustrygrowthdrivers,restraints,supplyand demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of themarket. The sales of new vehicles worldwide touched 90423687 units in the year 2019,accordingtothestatisticbytheInternationalOrganisationforMotor VehicleManufacturers(OICA).Amongstthesenewregistrations,63730387 units were passenger cars and 26693300 units were commercialvehicles. Get the inside scoop with Sample report - https://www.kennethresearch.com/sample-request-10352277 The statistics portray the growing sales of vehicles worldwide, which is expectedtodrivethedemandforfueladditives,andinturncontributetothe market growth in the coming years. Fuel additives help to improve the performanceofengineandalsoreduceundesirableemissions.Moreover,
these additives also help in maintaining fuel quality by reducing fuel degradation, improving fuel stability and inhibitingoxidation. The global automotive aftermarket fuel additives market is anticipated to grow with a CAGR of 6.0% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 2249.5 Million by the endof 2030,upfromarevenueofUSD1245.9Millionintheyear2020.Themarket is segmented by type into deposit control, cetane improvers, lubricants, antioxidants, anticorrosion, cold flow improvers, antiknock agents, and others. The deposit control segment, out of all the segments, is anticipated to garner the largest revenue of USD 555.9 Million by the end of 2030, up from a revenue of USD 264.2 Million in the year2020. The global automotive aftermarket fuel additives market is segmented by region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Amongst these, the market in North America is projected to display the largest revenue of USD 769.3 Million by the end of 2030. Moreover, in the year 2020, the market in the region registered a revenue of USD 421.1Million. The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America),Asia-Pacific
(China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia,NewZealand,RestofAsia-Pacific),MiddleEastandAfrica(Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the researchreport. However,thegrowingadoptionofelectricvehiclesisoneofthemajorfactors predicted to hinder the market growth in the comingyears. Thisreportalsoprovidestheexistingcompetitivescenarioofsomeofthekey players of the global automotive aftermarket fuel additives market, which includes company profiling of TotalEnergies Company, Ashland Global Holdings Inc., BASF SE, The Lurizol Corporation, Afton Chemical, Evonik Industries AG, Chevron Corporation, Lucas Oil Products, Inc., Innospec, BG Products, Inc., Infineum International Ltd., andothers. The profiling enfolds key information of the companies which comprises of businessoverview,productsandservices,keyfinancialsandrecentnewsand developments. Conclusively, the report titled “Automotive Aftermarket Fuel Additives Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global automotive aftermarket fuel additives industry to help new entrants to understand the details of the market.Inadditiontothat,thisreportalsoguidesexistingplayerslooking
for expansion and major investors looking for investment in the global automotive aftermarket fuel additives market in the nearfuture. Get the inside scoop with Sample report - https://www.kennethresearch.com/sample-request-10352277 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, providedarightguidanceatarighttimeisavailablethroughstrategicminds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Contact for moreInfo: AJDaniel Email: sales@kennethresearch.com U.S. Phone: +1 313 4620609
