Biofuel Additives Market Size, Share, Growth and Industry Report, 2022-2027

According to the global biofuel additives market report by IMARC Group, the market reached a value of US$ 15.58 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 24.47 Billion by 2027, exhibiting a CAGR of 7.60% during 2022-2027.

Biofuel additives refer to the specialty chemicals that enhance the efficacy of biofuels, including methanol, biodiesel, ethanol, diethyl ether, etc. They are widely utilized to improve the engine performance and combustion quality while reducing brake-specific fuel consumption (BSFC) and heating. Biofuel additives are commonly available as emulsifiers, antioxidants, octane improvers, cetane improvers, dyes, markers, detergents, dispersants, and corrosion inhibitors. They are synthesized from lignocellulosic feedstock or conventional feedstock and exhibit excellent density, viscosity, and solubility. When compared to traditional additives, biofuel additives offer higher oxygen content, are cost-effective and non-toxic, and do not produce any harmful chemicals. As a result, biofuel additives find wide-ranging applications across the aviation, automotive, marine, and power sectors.

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Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation by type, biofuel type, application and region.
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape for Biofuel Additives Market
  • Strategies of major players and product offerings

The expanding automotive industry across the globe is primarily driving the biofuel additives market. In addition to this, the development of hydrodynamic cavitation techniques for the manufacturing of the product with enhanced reaction rates and energy efficiency is further catalyzing the market growth.

Moreover, the growing demand for low-emission engines and the launch of various initiatives by government bodies toward sustainable development are also augmenting the global market. Apart from this, the inflating product demand in the aviation industry and the elevating levels of air travel across countries are anticipated to bolster the biofuel additives market in the coming years.

Key Players Included in Global Research Report:

  • Afton Chemical Corporation (NewMarket Corporation)
  • Biofuel Systems Group Ltd.
  • Chemiphase International Ltd.
  • Chevron Corporation
  • Clariant AG
  • Eastman Chemical Company
  • Evonik Industries AG
  • E-ZOIL
  • Fuel Quality Services Inc.
  • Infineum International Limited
  • The Lubrizol Corporation.

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Segmentation:

Breakup by Type:

  • Antioxidants
  • Corrosion Inhibitors
  • Cold Flow Improvers
  • Detergents and Dispersants
  • Octane and Cetane Improvers
  • Dyes and Markers
  • Others

Breakup by Biofuel Type:

  • Bioethanol
  • Biodiesel

Breakup by Application:

  • Diesel Fuel Additives
  • Heavy Fuel Oil Additives
  • Shipping Fuel Additives
  • Gasoline Fuel Additives
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

TOC for the Biofuel Additives Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Biofuel Additives Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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