Global Automotive Aftermarket Fuel Additives Market
The global Automotive After market Fuel Additives market was valued at USD 983.9 million in 2016 and is projected to reach USD 1,808.9 million by 2025, growing at a CAGR of 7.0% from 2017 to 2025.
Automotive Aftermarket Fuel Additives market is expected to grow rapidly owing to increasing number of sales through aftermarket channel. The rising pollution concerns couple with increasing number of vehicle coming up with customizations in terms of engine designs is expected to drive market demand.
1. Market Drivers
1.1 Increasing automotive sales in aftermarket
1.2 Stringent environmental regulations on vehicular emissions
2. Market Restraints
2.1 Supply of raw materials
The global Automotive Aftermarket Fuel Additives market is segmented on the basis ofproduct, application,and region.
1. By Distribution Channel:
1.1 Unauthorized Service Stations
1.2 Big Stores
1.3 4S Stores
1.4 Automotive Workshops
1.5 Gas Stations
2. By Application:
3. By Supply Mode:
3.1 Third Party
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Chevron Corporation
2. Afton Chemical Corporation
3. Innospec Specialty Chemicals
4. Total SA
6. Lucas Oil Products Inc.
9. Infineum International Ltd.
10. Lubrizol Corporation
11. BG Products Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Automotive Aftermarket Fuel Additives market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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