Petroleum-Fuel Dyes and Markers Market by Size, Share, Demand & Trends by 2032
The global petroleum fuel dyes and markers market is expected to witness a steady growth rate by registering a CAGR of 4.8% during the projection period from 2022 to 2032. The global market is projected to be valued at US$ 445.60 Mn in 2022 and is anticipated to reach around US$ 712.1 Mn by 2032. The rising production of petroleum and petroleum-based products is predicted to bolster the consumption of petroleum-fuel dyes and markers over the assessment period. According to the historical projection of the global petroleum-fuel dyes and markers market, the CAGR registered was about 4.2% between 2012 and 2021. Owing to the surging growth of end-use industries such as refineries and increasing usage and consumption of petroleum/fuel products, such as gasoline generators in various developed and developing countries, the global petroleum-fuel dyes and markers market is poised to grow at a 4.8% CAGR between 2022 and 2032. Leading oil and gas companies are continuously searching for me