The petroleum additive market is a segment of the oil and gas industry that produces chemicals used to improve the performance of gasoline and diesel fuels. These additives are designed to reduce engine wear, improve fuel economy, reduce emissions, and improve the overall performance of the fuel. Common additives include detergents, corrosion inhibitors, lubricity improvers, and cetane improvers. Detergents help keep fuel injectors clean, corrosion inhibitors protect fuel system components from corrosion, lubricity improvers reduce friction between moving parts, and cetane improvers increase the fuel's ignition quality.
The petroleum additive market is highly competitive, with many companies offering a variety of products. Major players in the market include BASF, Chevron Oronite, Innospec, Lubrizol, and Afton Chemical. Other companies in the market include Infineum, Total Additives & Special Fuels, and Evonik Industries. Show Less Read more