Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global octane improver fuel additives market is estimated to garner a modest revenue by growing at a CAGR of ~3% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to growing significance of fuel efficiency over stringent government norms, and increasing environmental concerns regarding carbon emissions from conventional fuels and subsequent regulatory policies. The market is segmented by type into ethanol, methyl tertiary butyl ether (MTBE), methylcyclopentadienyl manganese tricarbonyl (MMT), ethyl tertiary butyl ether (ETBE), and others, out of which, the ethanol segment is anticipated to hold the largest share in the global octane improver fuel additives market over the forecast period.

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Geographically, the global octane improver fuel additives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, North America is anticipated to hold the largest market share owing to increasing government initiatives to improve fuel economy, high awareness among consumers regarding the benefits of octane improvers, and stringent government regulatory framework to reduce greenhouse gases emission. Additionally, the market in the Asia-Pacific region is estimated to witness fastest growth during the forecast period.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Significance of Fuel Efficiency and Concerns Regarding Carbon Emissions to Boost Market Growth
Improving the fuel efficiency of vehicles in one of the biggest steps governments around the world are initiating on to cut oil consumption. Fuel efficient vehicles use less fuel to travel a certain distance, as compared to non-efficient vehicles. Furthermore, owing to regulatory policies in order to curb carbon emissions, automobile manufacturers are required to meet certain fuel economy and pollution standards. Octane boosters improve a vehicle’s overall engine efficiency, making sure the fuel in the cylinder ignites efficiently while offering a clean fuel burn. These factors are driving the demand for octane improvers, fostering the growth of the global octane improver fuel additives market.

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However, fluctuating cost of raw materials that impacts profitability of the manufacturers, and growing number of electric and hybrid vehicles reducing the demand for fuel are expected to operate as barriers to the growth of global octane improver fuel additives market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global octane improver fuel additives market which includes company profiling of Innospec, Dorf Ketal, TotalEnergies, Afton Chemicals, LyondellBasell Industries Holdings B.V., Cestoil Chemical Inc., KENNOL Performance Oil, Chevron Corporation, The Lubrizol Corporation, Infineum International Ltd, BASF SE, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global octane improver fuel additives market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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