Automotive Aftermarket Fuel Additives Market Share

Regionally, the global automotive aftermarket fuel additives market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2037 backed by the environmental regulations aimed at reducing greenhouse gas emissions and protecting the environment, increased automobile production, and the increase in per capita income. Additionally, the higher acceptance of additive rates and increasing production of biofuels are anticipated to drive the regional market over the forecast period. It is estimated that, as a result of the Energy Independence and Security Act, there will be an increase in biofuel production to 36 billion gallons by the year 2022. A number of benefits can be realized by replacing fossil fuels with biofuels ad these are produced from renewable sources.