Marine Fuel Additives Market Overview: 2020-2027

The global demand for the Marine Fuel Additives market is expected to grow at a CAGR of xx%, xx% xx%, and xx% respectively in Europe, North America, APAC, and the Middle East. The Marine Fuel Additives market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2027 at a CAGR of 3.2% from 2019 to 2027. Marine Fuel Additives reduce maintenance and downtime, improve performance and reliability, and most importantly provides an economic and environmental return on investment. Manufacturers are more focusing on developing marine fuel additives, for instance, Infineum has formulated a new range of marine fuel additives, Infineum B Series, designed to meet the challenges created by the International Maritime Organization (IMO) 2020 emission regulation changes. The introduction of these new fuels that offer cost-effective solutions to help refiners, traders, and blenders deliver robust, fit-for-purpose fuel solutions while helping vessel operators reduce maintenance costs and downtime, and improve engine efficiency is fuelling the market growth. The ongoing requirement for efficient & durable fuel additives business has led to invest more in the fuel additives business, as well as innovation in fuel additives, are driving the market. The growth in the aviation industry, reduction in oil & gas barrel prices, rising import & export, innovation in fuel additives, stringent government emission regulations for example International Maritime Organization (IMO) 2020 is driving the market growth.

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