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Fuel/Petroleum Dyes & Markers Market - Forecast(2021 - 2026)

These fuel markings helping the government to raise the revenue, combat smuggling as well as to improve environment. The global fuel petroleum dyes and markers market share worth$1.1B in 2017 and is projected to witness a market growth at CAGR of 4.64% during the forecast period of 2018-2023. Among dyes the florescent dyes generated highest revenue with 465.1M and is estimated to continue the dominance in coming years. North-America hold the largest market share with 28% and generated the highest revenue. What is Fuel/Petroleum Dyes and Markers Market? Fuel/petroleum Dyes are colored materials that convey more or less permanent color to other materials such as petroleum product, lubricating oils and gasoline. Fuel and petroleum dyes can also be termed as complex and unsaturated aromatic compounds which have characteristics such as solubility, intense color and substansiveness. Furthermore, Markers are colorless substance added to fuels which can be detected by adding some reagent to f...