Biofuel Additives Market Growth 2022-2027, Size, Global Share Analysis, Key Players, Covid-19 Impact and Demand
According to the latest report by IMARC Group, "Global Biofuel Additives Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global biofuel additives market reached a value of US$ 15.58 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 24.47 Billion by 2027, exhibiting a CAGR of 7.60% during 2022-2027. Biofuel additives refer to the specialty chemicals that enhance the efficacy of biofuels, including methanol, biodiesel, ethanol, diethyl ether, etc. They are widely utilized to improve the engine performance and combustion quality while reducing brake-specific fuel consumption (BSFC) and heating. Biofuel…