The global fuel additives market is expected to reach an estimated $10.5 billion by 2033. The major drivers of fuel additives are growing fuel demand, growing awareness among users regarding the benefits of fuel additives, demand for high fuel efficiency, and stringent regulations and emission standards adopted by various countries. There are salient reasons for fuel companies to use additives in fuel. These, in particular, are to improve the handling properties and stability of the fuel, to improve combustion properties of the fuel, to reduce emissions from fuel combustion, to provide engine protection and cleanliness, to increase the economical use of the fuel or to establish or enhance the brand image of the fuel.
The Asia Pacific region is expected to be the fastest-growing market for fuel additives over the next ten years due to the region’s strong economic growth and rising demand for vehicles. Every additive is a formulation/ mixture of certain performance-enhancing chemical compounds. The chemistry and dosage of these compounds in the fuel-additive product determine how good or poor an additive is. There are a few fuel-additive technology developers (Innospec, Afton Corporation, Lubrizol, ExxonMobil). Still, several fuel additive companies source these individual compounds and package them as finished products in the fuel additive industry.
The approach for a major fuel business is to identify major fuel-improvement compounds, develop a proprietary fuel-additive formulation, and set up a robust supply chain management involving acquiring goods and services at the best possible price, in the right quantity, and at the right time. It’s here where an expert can help. Large renewable energy and biochemical consulting firms have experts in biofuels and renewable fuels, biomaterials, biomass and biomass power, biotechnologies, and feedstocks, like agricultural waste, algae, biogas, CO2, construction waste, cooking oils, energy crops, fermentation waste, forest products, glycerin, hemp, lignin, municipal solid waste (MSW), palm waste, railroad ties, sludge, solid recovered fuels, and wood waste.
The 150+ experts at Lee Enterprises Consulting include scientists, engineers, and experts with years of experience in fuel-additives development. Our knowledge in fuel additives spans catalysis and green chemistry principles employed to devise specialty fuel catalysts and improvers for fuel saving and GHG emission cut targets. We are well-versed in the chemistry of detergent dispersants, cetane and lubricity improvers, octane, and antioxidants. Look at our experts and the services we provide, and you will see that we have just the right experts for any clean energy project. For the larger projects, we specialize in putting together full-service, interdisciplinary teams with one point of contact. Call us at 1+ (501) 833-8511 or email us for more information.
