The Fuel Additives Market size is expected to grow from 1.94 million metric tons in 2023 to 2.48 million metric tons by 2028, at a CAGR of 5.06% during the forecast period (2023-2028).
The COVID-19 pandemic negatively impacted the market. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
The fuel additives market is fragmented in nature. The major players in this market (not in any particular order) include Afton Chemicals, The Lubrizol Corporation, Innospec, Chevron Corporation, and BASF SE, among others.
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