Specialty Fuel Additives Market Forecast Covering Growth Inclinations & Development Strategies until 2022
Verfasser: ashwani_kailiya on Friday, 5 July 2019Growing demand for fuel efficiency continues to remain a key reason contributing towards growth of the global specialty fuel additives market positively. However, imposition of government regulations is predicted to inhibit demand for the specialty fuel additives significantly. A recently compiled report by Fact.MR reveals that the global market of energy drinks is predicted to register a CAGR of 4.9% throughout 2022.
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Factors Fuelling Growth of the Global Market
Growth of the global specialty fuel additive is expected to be bound by several macro and micro economic factors. Surge in demand for fuel efficiency is projected to influence growth of the global specialty fuel additive market positively. Demand for the specialty fuel additives is projected to remain concentrated in the automotive and aviation industry. Specialty fuel additive such as catene improvers continue to witness steady demand attributed to increasing rust and gum formation in the automotive industry.