The global fuel additives market is estimated to register a CAGR of ~3%. The market is expanding due to growing demand for luxury cars and increased transportation activities. Moreover, the fuel additives market is thriving due to the higher research and development investments and the enforcement of strict government regulations aimed at reducing carbon emissions. There is a growing demand for eco-friendly fuel additives that can reduce emissions and improve fuel efficiency. Additives derived from renewable sources or those that enhance the performance of biofuels hold significant potential.
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Companies Profiled in this report includes:
- BASF SE
- Chevron Corporation.
- Croda International Plc
- Dorfketal Chemicals (I) Pvt. Ltd.
- Eni S.p.A.
- Evonik Industries AG
- Innospec
- Royal Dutch Shell plc
- The Lubrizol Corporation
- Total
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