Global demand for oil and gasoline additives is forecast to expand 1.9% p.a. between 2015 and 2019. China, France, India, Italy and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global oil and gasoline additive industry is forecast to reach 1.9% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 9.0%. Currently, lubricating oil additives account for 79.2% of the global demand while the remaining market share is divided between anti-knock preparations (2.2%) and other oil and gasoline additives (18.6%).
China, France, India, Italy and the United States represent the largest oil and gasoline additive markets while the strongest annual growth is forecast to occur in Jordan (11.5%), Ethiopia (9.4%), Poland (7.4%), Bangladesh (7.4%) and India (5.5%).
