The global fuel additives market size is projected to reach USD 12,117.8 million by 2028, exhibiting a CAGR of 5.8% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Fuel Additives Market, 2021-2028”. As per the report, the value of the market stood at USD 7,701.0 million in 2020.
Source:
https://www.fortunebusinessinsights.com/fuel-additives-market-102913
Fuel additives help vehicles perform better, reduce carbon emissions, and increase fuel efficiency. Governments across the world are implementing emission norms for the automotive industry to reduce the carbon footprint from vehicles. For instance, the government of India has introduced a new Bharat Stage (BS) 6 norm for all the carmakers operating in the country. Such norms are projected to propel the adoption of these additives.
