Surge in Stringent Environmental Regulations to Favor Fuel Additives Market Share
Market Research Future (MRFR) expects the fuel additives market to capture a moderate growth rate of more than 3.66% from 2020 to 2027. The market size is also likely to touch USD 10,294.37 Million by 2027-end. Growth Drivers and Restraints Soaring demand for efficient low emission energy sources in the manufacturing, automobiles, and aviation industries in view of the strict environmental policies can foster market growth in the ensuing years. Mounting levels of carbon emissions generated by the fuel in vehicles has left toxic effects on the environment. As a result, industries are looking for fuel additives that restrict these harmful emissions and also elevate the efficiency of diesel, distillates, gasoline, and various other fuels. Fuel additives help cut down combustion as well as the burn rate in extreme temperatures while curbing toxic emissions by the pollutants. On the competitive front, several players in the industry are indulging in exhaustive research and developme...