Markers on the other hand are colorless ingredients which are further added to fuels, and can be perceived by adding precise reagent to add color. The most commonly used petroleum dyes are azo dyes and alkyl dyes.

The global petroleum dyes market has witnessed significant growth, owing to upsurge in per capita consumption of petroleum dyes in emerging economies and growth in demand from end-user industries. In addition, implementation of government laws concerning to fuel taxes boosts the market growth. However, high raw material prices restrains the market growth. Advancement in the manufacturing process of petroleum dyes is expected to provide potential growth opportunities for the market.

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The global petroleum dyes market is segmented based on product, form, application, and geography. On the basis of product, the market is categorized into fluorescent dyes, ethyl dyes, azo dyes, and others. By form, it is classified into liquid, powder, and solvent blend. Gasoline, diesel, jet fuels, fuel oil, and others are the applications covered in the study. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global market are focusing on key market strategies such as mergers, acquisitions, collaborations, and partnerships.

Some of the key players in the global market include:
• Innospec Inc.
• Improchem. Pty Ltd.
• Sunbelt Corporation
• John Hogg & Co Ltd.
• The Dow Chemical Co.
• United Colour Manufacturing Co.
• Authentix, Inc.
• A.S. Harrison & Co Pty Ltd.
• Fuel Theft Solutions Ltd
• BASF SE

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Key Benefits
• This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to assist to identify the prevailing market opportunities.
• Major countries in each region are mapped according to the individual market revenue.
• The region-wise and country-wise market conditions are comprehensively analyzed.
• This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
• An in-depth analysis of each segment of the petroleum dyes market is provided, to assist the prevailing market opportunities.

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