The Global Fuel Additives Market is projected to reach USD 8.84 billion by 2028, growing at a CAGR of 4.1% during the forecast period.
Fuel additives are compounds that have been developed to improve the quality and effectiveness of fuel used in motor vehicles. They improve the octane rating of fuel or behave as inhibitors of corrosion or lubricants, thus enabling the use of higher compression ratios to boost effectiveness and energy. Fuel additives can assist in preventing issues like rough idling, weak acceleration, stumbling, and stalling.
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Key Factors Impacting the Growth of Fuel Additives Market:
• Assist in preventing issues like rough idling, weak acceleration, stumbling, and stalling
• Growing automotive industry worldwide
• Increasing air passenger traffic
• Increasing demand for Ultra-Low Sulfur Diesel (ULSD)
• The growing popularity of electric vehicles
• Stringent government regul
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