Global Fuel Additives Market to Register a CAGR of 8.30% over 2015 to 2023 Owing to Growth Within Automotive Sector
The global fuel additives market exhibits a moderately consolidated competitive landscape wherein the top three companies held 28.50% of the total market share in 2014. Afton Chemical Corporation, Innospec, and The Lubrizol Corporation are these top three players, and they have established commendable reckon across the market. Other players who have established themselves in the market include BASF, Chevron Oronite, Nalco, Clariant, and Infineum. Amongst these, BASF has been the primary resort for customers who want to improve the fuel performance because the company offers additives that are supremely better than the products of other companies. Furthermore, Afton Chemical Corporation has specialized in providing products for lubrication, cold flow improvement, diesel fuel, and gasoline performance. Since the market is closely aligned with the fuel industry, the market players have to be wary of the requirements of petroleum and gas manufacturers. Moreover, in order to ...