Biofuel Additives Market - Forecast (2022 - 2027)

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Biofuel Additives MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report (2022 - 2027)
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• Biofuel Additives market size is forecast to
  reach US12.5 billion by 2026, after growing at a
  CAGR of 12.9 during 2021-2026.
• Biofuels are developed from lignocellulosic
  feedstock. Biofuel additives are specialty
  chemicals that are used to enhance biofuel
  properties.
• Biofuel additives improve engine performance and
  also reduce brake-specific fuel consumption
  (BSFC). Biofuel additives play a crucial role in
  addressing different issues such as low oxidation
  stability, high foaming tendency, and corrosion
  in IC engines.

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Key Takeaways

• The Asia Pacific is expected to register a CAGR
  of 15.2 during the forecast period (2021-2026).
  The increasing demand for biofuels in Asian
  countries such as China, India, Japan, and South
  Korea is driving the market demand for biofuel
  additives.
• Biofuels are replacing fossil fuels globally and
  they are environmentally friendly compared to
  other fuel types. They offer various benefits
  such as easy to source, economic security, and
  reduction of greenhouse gases, and others.

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• By Distribution Channel- Segment Analysis
• The cetane improvers segments accounted for
  approximately 12 of the market share in 2020 and
  are estimated to grow at a significant CAGR
  during the forecast period.
• The bioethanol fuel segment accounted for more
  than 40 of the market share in 2020 and is
  estimated to grow significantly during the
  forecast period. Bioethanol is an alternative
  transportation fuel produced from sugar and
  starch.

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• Industrial Rubber Products Market Industry
  Outlook 
• BASF SE,
• NALCO,
• Chemiphase Ltd.,
• E-ZOIL Products, Inc.,
• Infineum,
• Chevron Oronite Company LLC,
• The Lubrizol Corporation,
• OBR Joint Stock Company,
• Afton Chemical

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Biofuel Additives Market - Forecast(2022 -
2027) Learn More About the Report _at_
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dditives-market.html
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
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Reddy Contact (1) 970-236-3677 Email
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