Global Fuel Additive Industry
Fuel additives are used to make fuels necessary for motor vehicle function more efficient, and can either be added to gasoline or sold separately. The benefits of fuel additives include superior engine performance and increased power, both of which allow drivers to travel further than they could travel on basic gasoline.
Fuel additives are also used to limit or prevent the build-up of deposits in the engine, which in turns lengthens the life of a vehicle, letting car owners delay replacement or repair.
In the US, the fuel additive industry is expected to exceed the $1.5 billion mark by 2016, according to research from Freedonia. Industry performance will be fuelled by recovery in the petroleum fuel sector, with demand rising in tandem with economic growth. Higher additive rates, driven by increasing biofuel consumption under government regulations, will also have a beneficial impact on the global fuel additive industry.