Biofuel Additives Market, Global Outlook and Forecast 2023-2030

Biofuel Additives Market, Global Outlook and Forecast 2023-2030 Published Year : 2023

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Report Overview: • The rapid increase in the global population raises the demand for food and energy for improved life. Therefore, the questions arising under the Food vs. Fuel debate are how much arable land is available, what should be the priority, and how should the land be used, among others. There is an increased debate on the increasing prices of food due to the crops utilized for the manufacturing of biofuels. For example, in 2012, Peter Brabeck-Letmathe, Chairman of Nestle, stated, If no food was used for fuel, the prices would come down again-that is very clear. In addition, Paul Conway, Chairman of Cargill, stated, "The bigger picture globally is increased urbanization, which leads to more food being consumed...there has also been an explosion in biofuel use and the financializing of the agricultural markets. ©All Rights Reserved, Stats Market Research

Market Value: • The global Biofuel Additives market was valued at US$ 6656.9 million in 2022 and is projected to reach US$ 11870 million by 2030, at a CAGR of 8.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

CAGR of 8.6% (2022 – 2029)

By Types: • Antioxidants • Corrosion Inhibitors • Cold Flow Improvers • Detergents & Dispersants • Octane & Cetane Improvers • Dyes & Markers

By Applications:

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