(MENAFN- America News Hour) The recent market research analysis of
“automotive aftermarket fuel additives market : Global Demand Analysis & Opportunity Outlook 2033”
by Research Nester
delivers an in-depth competitors analysis and a detailed overview of the global automotive aftermarket fuel additives market in terms of market segmentation by application, distribution channel, type and by region over the forecast period, i.e., 2023-2033.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the global automotive aftermarket fuel additives market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
Automotive aftermarket fuel additives market to find numerous growth opportunities on the back of rising vehicle production, finds Research Nester
The global automotive aftermarket fuel additives market is estimated to grow majorly on account of the rising Concern about carbon dioxide emissions.
It was observed that the average passenger vehicle emits 4.6 tons of carbon dioxide annually, according to the United States Environmental Protection Agency (EPA).
Moreover, increasing ownership of passenger cars, expanding the car market globally, increasing air pollution and purchasing power of individuals is anticipated to propel the demand for automotive aftermarket fuel additives during the forecast period.
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The global automotive aftermarket fuel additives market is segmented on the basis of distribution channel into e-commerce, big stores, 4s stores, unauthorized spare parts and service centers, gas stations, and others. The e-commerce segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. Since the internet is readily available and consumers are technologically savvy, online and e-commerce services are more popular than ever. Moreover, over the forecast period, the e-commerce sector is expected to develop rapidly and sales to grow.
The projected retail e-commerce sales worldwide in 2021 were estimated to be USD 4.8 trillion.
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By region, the North America automotive aftermarket fuel additives market is to generate the highest revenue by the end of 2033. This growth is anticipated by regulatory measures designed to reduce greenhouse gas emissions, increased automobile production, and an increase in per capita income have all contributed to the reduction of greenhouse gas emissions and protection of the environment. Over the forecast period, an increase in the production of biofuels and the acceptance of additive rates is projected to further drive the regional market.
In the year 2022, it is estimated that biofuel production will grow to 36 billion gallons as a result of the Energy Independence and Security Act.
The research is global in nature and covers detailed analysis on the automotive aftermarket fuel additives market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global automotive aftermarket fuel additives market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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This report also provides the existing competitive scenario of some of the key players of the global automotive aftermarket fuel additives market which includes company profiling of Ashland Inc., BASF SE, Afton Chemical Corporation, BG Products Inc., Infineum International Ltd., Chevron Corporation, Innospec Specialty Chemicals, Lucas Oil Products Inc.,TotalEnergies SE, Lubrizol Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive aftermarket fuel additives market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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