Deposit Control Additives Market to Perceive Substantial Growth During 2027
Deposit
control additives are fuel soluble components that are employed in
the automotive industry. Commonly used deposit control additives
include amides, amines, polybutene succinimides, polyether amines,
polyolefin amines, and mannich amines. Deposit control additives are
often referred to by the generic term detergents; however, their
functions are different to that of conventional detergents used for
washing and cleaning purposes. Deposit control additives are designed
to keep the entire engine fuel system (from the fuel tank to the
combustion chamber) clean. These additives prevent the formation of
deposits, particularly on the intake valve and fuel injectors, which
are derived from the breakdown of gasoline components. Deposit
control additives inhibit deposit creation by forming protective
films, which prevent the accumulation of deposit precursors.
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Technological
advancement in the automotive industry is one of the key factors
driving the demand for deposit control additives. In recent years,
constant research and development activities in the automobile
industry have boosted the demand for deposit control additives in
these applications. Rise in demand for automobiles with advanced
features and fuel efficiency is anticipated to propel the demand for
deposit control additives. Increase in oil exploration activities
across the globe is estimated to trigger the deposit control
additives market. Development in the consumer industry coupled with
surge in demand for products with high fuel efficiency are likely to
augment the demand for deposit control additives. Growth in awareness
about the environment, mainly in the European Union, the U.S., and
China and enactment of favorable government policies to adopt
sustainable resources are key factors expected to boost the deposit
control additives market. Geographic expansions and other strategies
taken by the manufacturers of fuel additives are likely to increase
the demand for deposit control additives in the upcoming years.
Based
on fuel type, the global deposit control additives market can be
classified into diesel fuel, gasoline fuel, and aviation fuel. In
terms of ingredient, the deposit control additives market can be
segmented into acetone, xylene, methanol, ethanol, isopropyl alcohol,
and n-Butanol. Based on end-user industry, the global deposit control
additives market can be segregated into oil & gas, automotive,
and aerospace.
In
terms of region, the global deposit control additives market can be
split into North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. Asia Pacific accounts for significant share
of the global market. Increase in production of automobiles is
anticipated to propel the demand for deposit control additives in the
region. China and India are estimated to offer lucrative
opportunities to the deposit control additives market in Asia Pacific
between 2018 and 2026. Rise in shale gas exploration activities in
North America is projected to augment the demand for deposit control
additives. Europe is the major hub for the production of automobiles,
with significant contributions from countries such as Germany and
Italy. The deposit control additives market in Latin America and
Middle East & Africa is expected to expand at a significant pace
during the forecast period, owing to the recent economic growth in
these regions. Middle East & Africa is the major region for oil
production as well as exploration activities. This is anticipated to
boost the demand for deposit control additives in the region.
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Key
players operating in the global deposit control additives market
include The Lubrizol Corporation, Innospec Inc, Afton Chemical
Corporation, and Dorf Ketal.
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