Chemical substances known as petroleum product additives enhance the lubricating performance of base oil. Whether they are synthetic or petroleum-based, almost all commercial motor oils contain additives.
With a predicted CAGR of 5.2% from 2022 to 2030, the global market for petroleum product additives, which was valued at USD 5,681 Million in 2021, is expected to reach USD 8,836 Million by 2030.
Additives are used in petroleum products to enhance performance, corrosion resistance, clean burning, and a number of other characteristics. Whether an engine is running or not, these additives are intended to improve performance. They consist of fuel stabilizers, which are usually designed to maintain fuel functionality when it is kept for a long time without usage.
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