Fuel Additives Market Size, Share, Trends, Forecast, & Growth Analysis
The fuel additives market was estimated at USD 6.54 billion in 2022 and is likely to grow at a CAGR of 3.28% during 2023-2028 to reach USD 7.98 billion in 2028.
Market Dynamics
Mounting sales of automobiles worldwide, launch of improved products, increasing demand for performance products, growing awareness towards benefits of fuel additives, imposition of emission norms by governments are some of the key factors driving the market growth of the industry.