Automotive Aftermarket Fuel Additives Market

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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Automotive
Aftermarket Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 2024” This report likewise incorporates more illumination about fundamental review of the business including definitions,
requisitions and worldwide business sector industry structure.
Aftermarket additives are an excellent product used for preemptive maintenance and also to reduce fuel-related issues. These
additives are employed to improve the performance of gasoline and diesel fuel. They provide an economical way to resolve
automotive problems faced by customers such as engine performance, lost fuel economy, poor drivability, excessive emissions,
and others.
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Automotive aftermarket fuel additives are used in the fuel system and its supplements – the later includes a variety of lubricants
present in the vehicle such as transmission fluid, engine oil, power steering fluid, and gear oil. Aftermarket products are used to
clean the components in which the lubricant operates, in order to enhance the performance of the lubricant itself.
The automotive aftermarket fuel additives market has primarily been driven by diesel fuel additives and is estimated to expand
during the forecast period. This is due to the extensive usage of diesel fuel additives in different regions, especially Asia Pacific
and Europe, which is basically a result of the rapidly growing demand for ultra low sulphur diesel (ULSD), which comprises heavy
amounts of additives. Stringent environmental regulations on vehicular emissions and the surge in automotive sales are also
propellants of this market. However, high R&D costs for man hours, technologies, and materials hampers this growth. Moreover,
the introduction of alternative fuel vehicles (AFVs) such as electric cars has led to a restraint on the fuel additives market.
The automotive aftermarket fuel additives market has been segmented by type, application, distribution channel, supply mode,
and region. Its type-based categories include gasoline performance additives, multifunctional gasoline and diesel additives,
specialties for gasoline, diesel and LPG, cold flow improvers, and diesel performance additives. Multifunctional diesel and
gasoline additive packages exhibit excellent injector detergency, leading to improved fuel economy, extended maintenance
intervals, reduction in harmful emissions and valve seat recession, engine cleanliness, improvement in durability, and smoother
engine performance. Gasoline/diesel performance additives increase fuel efficiency and improve engine performance. Cold flow
improvers are employed to improve the cold flow properties of diesel during the winter season, and also to improve cold start
properties. Specialties for gasoline, diesel and LPG offer valve seat recession protection besides acting as engine cleaners,
lubricity improvers, biocides, and fuel stabilizers.
In terms of application, the market has been segmented into diesel and gasoline Based on distribution channel, the divisions
include 4S stores, big stores, unauthorized spare parts and service centers, gas stations, e-commerce, automotive workshops,
and others. Out of these, the big stores and 4S stores (spare parts, sale, service, and survey) are the preferred type for
automotive aftermarket fuel additives. E-commerce is also gaining wide acceptance due to the speedy internet penetration
among customers and it is estimated to enjoy growing popularity during the forecast period. Big stores and 4S stores are the
major supply channels in North America and Europe, whereas Asia Pacific favors 4S stores and gas stations.
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Based on Supply Mode
The Market has been divided into the third party and OEM (original equipment manufacturers) groups. Finally, in terms of region,
the market has been distributed over North America, Latin America, Asia Pacific, Europe, and Middle East and Africa. North
America is the dominant player for aftermarket fuel additives. The environmental protection agency (EPA) in this region plays a
major role in monitoring and commercializing the products.
Key players in the global market include Ashland Inc., BASF SE, Afton Chemical Corporation, BG Products, Inc., Evonik Industries
AG, Infineum International Ltd., Chevron Corporation, Innospec Specialty Chemicals, , Lucas Oil Products Inc., Total S.A., and
Lubrizol Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
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Market segments and sub-segments
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Market trends and dynamics
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Supply and demand
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Market size
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Current trends/opportunities/challenges
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Competitive landscape
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Technological breakthroughs
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Value chain and stakeholder analysis
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