Fuel Additive Market, By Type (Deposit Control Additives, Octane Boosters, Lubricity Additives, Cold Flow Improvers, Antioxidants, and Others), By Fuel Type (Gasoline, Diesel, Aviation Fuel, and Others), By Geography (North America, Latin America, Asia Pa
Fuel Additive Market, By Type (Deposit Control Additives, Octane Boosters, Lubricity Additives, Cold Flow Improvers, Antioxidants, and Others), By Fuel Type (Gasoline, Diesel, Aviation Fuel, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Global fuel additive market growth is driven by stringent regulations regarding fuel efficiency and vehicular emissions. Fuel additives are formulated chemicals that are added to vehicular fuels like gasoline and diesel to enhance performance characteristics. These help in improving fuel combustion, inhibiting corrosion, enhancing lubricity, controlling deposits and cleaning engines. With growing awareness about environmental protection and sustainable transportation, there will be huge demand for high-performance fuel additives from automakers. Furthermore, rapid industrialization and infrastructure development across emerging economies have also significantly boosted commercial vehicle fleet, thus, augmenting consumption of diesel engine fuel and associated additives.
Market Dynamics:
Stringent norms regarding vehicular emissions and fuel efficiency standards set by regulatory bodies around the world can boost adoption of sophisticated fuel additives. Growth in international trade, urbanization and industrial & agricultural activity has led to considerable rise in transportation via road, rail, sea and air, thus, boosting need for superior quality fuels and additives.
Volatility in raw material prices poses a major challenge for fuel additive manufacturers. Moreover, availability of crude oil-based substitutes at lower costs can also hamper the market growth.
Ongoing research & development of bio-based and synthetic additives for renewable fuels like ethanol and biodiesel can open up new avenues
Key features of the study:
This report provides in-depth analysis of the global fuel additive market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global fuel additive market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include TotalEnergies, BASF SE, Evonik Industries AG, The Lubrizol Corporation, Chevron Oronite Company LLC, Afton Chemical Corporation, Innospec Inc., Infineum International Limited, Dorf Ketal Chemicals, Lanxess, Cummins Inc., Baker Hughes Company, Clariant AG, Solvay, Huntsman Corporation, Exxon Mobil Corporation, Qatar Fuel Additives Company (Qafac), Eastman Chemical Company, Cargill Incorporated, and The Dow Chemical Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global fuel additive market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fuel additive market
Detailed Segmentation-
Type Insights (Revenue, USD Bn, 2019 - 2031)
Deposit Control Additives
Octane Boosters
Lubricity Additives
Cold Flow Improvers
Antioxidants
Others
Fuel Type Insights (Revenue, USD Bn, 2019 - 2031)
Gasoline
Diesel
Aviation Fuel
Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
TotalEnergies
BASF SE
Evonik Industries AG
The Lubrizol Corporation
Chevron Oronite Company LLC
Afton Chemical Corporation
Innospec Inc.
Infineum International Limited
Dorf Ketal Chemicals
Lanxess
Cummins Inc.
Baker Hughes Company
Clariant AG
Solvay
Huntsman Corporation
Exxon Mobil Corporation
Qatar Fuel Additives Company (Qafac)
Eastman Chemical Company
Cargill Incorporated
The Dow Chemical Company
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Fuel Type
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Fuel Additive Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Fuel Additive Market – COVID-19
Impact Analysis
5. Global Fuel Additive Market, By Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Deposit Control Additives
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Octane Boosters
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Lubricity Additives
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Cold Flow Improvers
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Antioxidants
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Others
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
6. Global Fuel Additive Market, By Fuel Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Gasoline
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Diesel
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Aviation Fuel
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Others
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
7. Global Fuel Additive Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Country, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Country, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Country, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Country, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Country, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Country, 2020 - 2031
Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
Market Size and Forecast, By Country/Region, 2019- 2031, (US$ Bn)
South Africa
North Africa
Central Africa
8. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
TotalEnergies
Company Overview
Type Portfolio
Recent Developments/Updates
BASF SE
Company Overview
Type Portfolio
Recent Developments/Updates
Evonik Industries AG
Company Overview
Type Portfolio
Recent Developments/Updates
The Lubrizol Corporation
Company Overview
Type Portfolio
Recent Developments/Updates
Chevron Oronite Company LLC
Company Overview
Type Portfolio
Recent Developments/Updates
Afton Chemical Corporation
Company Overview
Type Portfolio
Recent Developments/Updates
Innospec Inc.
Company Overview
Type Portfolio
Recent Developments/Updates
Infineum International Limited
Company Overview
Type Portfolio
Recent Developments/Updates
Dorf Ketal Chemicals
Company Overview
Type Portfolio
Recent Developments/Updates
Lanxess
Company Overview
Type Portfolio
Recent Developments/Updates
Cummins Inc.
Company Overview
Type Portfolio
Recent Developments/Updates
Baker Hughes Company
Company Overview
Type Portfolio
Recent Developments/Updates
Clariant AG
Company Overview
Type Portfolio
Recent Developments/Updates
Solvay
Company Overview
Type Portfolio
Recent Developments/Updates
Huntsman Corporation
Company Overview
Type Portfolio
Recent Developments/Updates
Exxon Mobil Corporation
Company Overview
Type Portfolio
Recent Developments/Updates
Qatar Fuel Additives Company (Qafac)
Company Overview
Type Portfolio
Recent Developments/Updates
Eastman Chemical Company
Company Overview
Type Portfolio
Recent Developments/Updates
Cargill Incorporated
Company Overview
Type Portfolio
Recent Developments/Updates
The Dow Chemical Company
Company Overview
Type Portfolio
Recent Developments/Updates
9. Analyst Recommendation
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About Us and Sales Contact
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