Hindered Phenols Fuel Antioxidant Additives Market Size, Growth Analysis 2022

The global hindered phenols fuel antioxidant additives market size was valued at USD 45.5 billion in 2021 and is poised to grow at a significant CAGR of 5.2% during the forecast period 2022-28. Gasoline antioxygen is a sort of fuel additive that aids in corrosion and oxidation prevention. It's also referred to as an antioxidant. Antioxidants in gasoline are used to increase fuel stability, performance, and storage life. In gasoline, unstable species produce free radicals, which mix with oxygen to produce more free radicals, which then react with olefinic chemicals to form gums in a chain reaction.