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$1.8 Billion Worldwide Aftermarket Fuel Additives Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

September 21, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Sep 21, 2020--

The “Aftermarket Fuel Additives - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The publisher brings years of research experience to the 9th edition of this report. The 286-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

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Global Aftermarket Fuel Additives Market to Reach $1.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Aftermarket Fuel Additives estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.8 Billion by 2027, growing at a CAGR of 6% over the period 2020-2027.

Gasoline, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Diesel segment is readjusted to a revised 7.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $318.7 Million, While China is Forecast to Grow at 9.1% CAGR

The Aftermarket Fuel Additives market in the U.S. is estimated at US$318.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$371.6 Million by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Competitors identified in this market include, among others:

  • Afton Chemical Corporation
  • Ashland, Inc.
  • BASF SE
  • BG Products, Inc.
  • Chevron Oronite Company LLC
  • Infineum International Ltd.
  • Lucas Oil Products, Inc.
  • The Lubrizol Corporation
  • Total SA

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

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II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Aftermarket Fuel Additives Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/tggb1f

View source version on businesswire.com:https://www.businesswire.com/news/home/20200921005362/en/

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KEYWORD:

INDUSTRY KEYWORD: CHEMICALS/PLASTICS AFTERMARKET MANUFACTURING AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 09/21/2020 06:45 AM/DISC: 09/21/2020 06:45 AM

http://www.businesswire.com/news/home/20200921005362/en