Global Aftermarket Fuel Additives Market to Record Sturdy Growth by 2025
The global aftermarket fuel additives market is fairly consolidated with a few well-settled players mainly raking in most of the revenue, says Transparency Market Research in a new report. Most of the market players have significantly high technical expertise, which helps them manage innovations at a rapid pace. In this way, a stable position in the aftermarket fuel additives market is maintained. There are five key players who hold a dominant position in the industry: Evonik, Total S.A., Afton Chemical Corporation, Chevron Corporation, and Lubrizol Corporation. Having achieved maximum sales in this market for long, these companies have always been extending a strong influence. But how much is the value of the global aftermarket fuel additives market? Well, according to the report published by TMR, the market is anticipated to rise at a CAGR of 7.2% between 2017 and 2025. It has also been prognosticated to collect revenue of about US$1167.9 mn by the end of the forecast ...