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EnviroTech :: Innovation

Specialty Fuel Additives' Demand to Reach $1.6 Billion by 2016 in the US

4:03 AM MDT | April 24, 2012 | Sotirios Frantzanas

U.S. demand for specialty fuel additives is set to grow 4.8%/year to $1.6 billion in 2016 accompanied by an increase in volume demand of 1.1%/year, to 725 million lbs, according to a study by The Freedonia Group (Cleveland, OH), an industry market research firm. The study says a mild rebound in petroleum fuel demand in combination with an increase in the use of additives due to rising biofuel consumption will drive the increase in demand. Market growth will also reflect the continuous price inflation due to upward pressure on raw material costs, Freedonia says...

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