Fuel Additives Market was valued at USD 8.73 Bn. in 2023. Global market size is estimated to grow at a CAGR of 5.8% over the forecast period.Fuel Additives Market Overview:
Fuel additives are substances created to improve the performance and quality of fuels used in automobiles. They enable the use of higher compression ratios for improved economy and power by raising the octane rating of a gasoline, acting as corrosion inhibitors or lubricants, or both. The Innovation Analyst are looking into the emerging technologies and are coming up with fuel additive solution for the material sectors thus driving the fuel additive market.To know about the Research Methodology:-Request Free Sample Report In addition, the report explores the Global market's segments (Type, Application and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The report also investigates the Global market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global market's contemporary competitive scenario.
Fuel Additives Market Dynamics:
The fuel additives are engineered for the exacting demands of each duel applications. The Global R&D and testing and industry –expertise ensures the innovative fuel treatments for the fuel stability, specification, storage handling environmental compliance and protections. This increasing fuel market growth has directly driven the market of fuel additive .The fuel additive encompass products developed to address the needs of the hydrocarbon transportation industry , customized chemical services and technology solution has solved the specific problems caused by the oil during transportation ,blending and processing creating a huge surge of growth in fuel additive market. Dorf Ketal Chemicals India Private Limited, one of the top chemical producers in India, recently introduced two new names, mph and milEx. Mph is designed for use in gasoline engines, while milEx is designed for use in diesel engines. These are built with a variety of innovative, specialized Types that protect the entire fuel system, maintain engine cleanliness, and lower engine-out emissions. The growth of end-user industries and the demand for ultra-low sulphur diesel will foster favorable conditions for the market for fuel additives. Additionally, the growth of the market would have profitable prospects due to technological advancement, innovations, and untapped potential in the rising market. The market for fuel additives has slowed growth due to rising hybrid vehicle demand and rising battery price parity. The market for fuel additives will face additional obstacles due to the growing demand for alternative fuels. Significant investments in R&D and ongoing price increases brought on by rising raw material costs will act as market restraints and slow the growth rate of the market for gasoline additives even more. The ATC estimates from the data submitted through the member companies that the EU7 market for fuel additives is over 2, 00,000 tonnes per annum with a value of euro 500 million. A wide range of additives has been developed to meet the needs of an industry which converts principally hydrocarbon fuels into heat energy to provide transportation or to generate electricity for industrial and domestic consumption. Innovation in on-going requirement in the fuel additives business are often driven by legislations which has changed the specifications of fuels or demands the use of high Quality of fuels leading to the growth opportunities in the Fuel additive market.Fuel Additives Market Segment Analysis:
Based on Type, the Global market is segmented into Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers,Stabality Improvers, Octane Improvers, Corrosion Inhibitors ,Anti-Icing Additives, Dyes &Markers, others. The Deposit Control additives dominated the market in the year 2023.These type are one of the most important ingredient in both diesel and gasoline additives helping to minimize the performance issues. This deposit control additive composition are greatly used in fuel consumption from about 70 to about 95 volume of hydrocarbons in the gasoline range thus having a major boom in the market.Based on Application, the Global market is segmented into Diesel, Gasoline, Aviation fuel, others. The Gasoline segment dominated the market in the year 2023.The growth in the gasoline additive use largely reflects the requirement of the engine design and developments in the refinery operations. Diesel additives, like gasoline additives, are increasing the effects of rising fuel demand leading to the evolution of diesel engine technology. Fuel Additives Market Regional Insights: In 2023, the market for fuel additives in North America was expected to be worth USD 2.70 billion. North America now controls the market and is anticipated to continue doing so during the anticipated time. The new innovation in the fuel additives has resulted the market growth. Several companies in this region are working on the new additives that are having unique performance claims. This fuel additives are inexpensive for the consumers to solve some deposit related automotive problems. Europe's volume is expected to increase significantly. The established automobile manufacturing industry and rising demand for passenger vehicles are expected to steer the market. The Asia-Pacific area is one of the most prosperous. The market is predicted to be significantly driven by the field of gasoline additives due to rising demand from countries like China and India. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global market dynamic, and structure by analyzing the market segments and projecting the Global market size. Clear representation of competitive analysis of key players by Design, price, financial position, Instrumentation Technology portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.
Fuel Additives Industry Ecosystem
Fuel Additives Market Scope: Inquire before buying
Global Fuel Additives Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US$ 8.73 Bn. Forecast Period 2024 to 2030 CAGR: 5.8% Market Size in 2030: US$ 12.96 Bn. Segments Covered: by Type Deposit Control Cetane Improvers Lubricity Improvers Cold Flow Improvers Stability Improvers Octane Improvers Corrosion Inhibitors Anti-Icing Additives Dyes & Markers Others by Application Diesel Gasoline Aviation Fuel Others Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Fuel Additives Market Key Players:
1. Innospec Inc. 2. Chevron Oronite Company Llc 3. The Lubrizol Corporation 4. Afton Chemical Corporation 5. Evonik Industries AG 6. BASF SE 7. Lanxess 8. Dorf Ketal Chemicals 9. Infineum International Limited 10. Cummins Inc. 11. Cerion Llc 12. Total Sa 13. Baker Hughes, A Ge Company Llc. 14. Clariant AG 15. Croda International Plc 16. Eni Spa 17. Qatar Fuel Additives Company (Qafac) 18. Solvay 19. Huntsman Corporation 20. The Dow Chemical Company 21. Eastman Chemical Corporation 22. The Armor All/Stp Products Company, A Spectrum Brands Company 23. Iftex Oil & Chemicals Ltd 24. Eastern Petroleum 25. Lucas Oil Products, Inc. 26. The Chemours Company Frequently Asked Questions: 1. What is the study period of the market? Ans. The Global market is studied from 2023-2030 2. What is the growth rate of Global Fuel Additives Market? Ans. The Global market is growing at a CAGR of 5.8% over forecast period. 3. What is the market size of the Global Fuel Additives Market by 2030? Ans. The market size of the Global market by 2030 is expected to reach at US$ 12.96 Bn. 4. What is the forecast period for the Global Fuel Additives Market? Ans. The forecast period for the Global market is 2024-2030 5. What was the market size of the Global Fuel Additives Market in 2023? Ans. The market size of the Global market in 2023 was valued at US$ 8.73 Bn.
1. Global Fuel Additives Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Fuel Additives Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Company Location 2.5.3. Product Segment 2.5.4. End-user Segment 2.5.5. Revenue (2023) 2.5.6. Growth Rate (Y-O-Y in %) 2.5.7. Key Development 2.5.8. Market Share 2.6. Industry Ecosystem Analysis 2.6.1. Trends/Disruption impacting customer business 2.7. Market Structure 2.7.1. Market Leaders 2.7.2. Market Followers 2.7.3. Emerging Players 2.8. Consolidation of the Market 2.8.1. Strategic Initiatives and Developments 2.8.2. Mergers and Acquisitions 2.8.3. Collaborations and Partnerships 2.8.4. Product Launches and Innovations 3. Global Fuel Additives Market: Dynamics 3.1. Fuel Additives Market Trends 3.2. Fuel Additives Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.5.1. Prominent Companies 3.5.2. Small and Medium enterprises 3.6. Technology Overview 3.7. Regulatory Landscape 3.7.1. Regulations by Region 3.7.2. Regulatory Bodies, Government Agencies, and Other Organizations 3.8. Trade data Statistics 3.9. Import scenario of fuel additives 3.10. Export Scenario of fuel additives 3.11. Pricing Analysis 3.11.1. Average Selling Price Trend by Key Players 3.12. Patent Analysis 3.13. Supply Chain Analysis 3.13.1. Raw Materials 3.13.2. Manufacturing Fuel Additives 3.13.3. Distribution 3.13.4. End Users 4. Global Fuel Additives Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 4.1. Global Fuel Additives Market Size and Forecast, by Type (2023-2030) 4.1.1. Deposit Control 4.1.2. Cetane Improvers 4.1.3. Lubricity Improvers 4.1.4. Cold Flow Improvers 4.1.5. Stability Improvers 4.1.6. Octane Improvers 4.1.7. Corrosion Inhibitors 4.1.8. Anti-Icing Additives 4.1.9. Dyes & Markers 4.1.10. Others 4.2. Global Fuel Additives Market Size and Forecast, by Application (2023-2030) 4.2.1. Diesel 4.2.2. Gasoline 4.2.3. Aviation Fuel 4.2.4. Others 4.3. Global Fuel Additives Market Size and Forecast, by Region (2023-2030) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Fuel Additives Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Fuel Additives Market Size and Forecast, by Type (2023-2030) 5.1.1. Deposit Control 5.1.2. Cetane Improvers 5.1.3. Lubricity Improvers 5.1.4. Cold Flow Improvers 5.1.5. Stability Improvers 5.1.6. Octane Improvers 5.1.7. Corrosion Inhibitors 5.1.8. Anti-Icing Additives 5.1.9. Dyes & Markers 5.1.10. Others 5.2. North America Fuel Additives Market Size and Forecast, by Application (2023-2030) 5.2.1. Diesel 5.2.2. Gasoline 5.2.3. Aviation Fuel 5.2.4. Others 5.3. North America Fuel Additives Market Size and Forecast, by Country (2023-2030) 5.3.1. United States 5.3.1.1. United States Fuel Additives Market Size and Forecast, by Type (2023-2030) 5.3.1.1.1. Deposit Control 5.3.1.1.2. Cetane Improvers 5.3.1.1.3. Lubricity Improvers 5.3.1.1.4. Cold Flow Improvers 5.3.1.1.5. Stability Improvers 5.3.1.1.6. Octane Improvers 5.3.1.1.7. Corrosion Inhibitors 5.3.1.1.8. Anti-Icing Additives 5.3.1.1.9. Dyes & Markers 5.3.1.1.10. Others 5.3.1.2. United States Fuel Additives Market Size and Forecast, by Application (2023-2030) 5.3.1.2.1. Diesel 5.3.1.2.2. Gasoline 5.3.1.2.3. Aviation Fuel 5.3.1.2.4. Others 5.3.2. Canada 5.3.2.1. Canada Fuel Additives Market Size and Forecast, by Type (2023-2030) 5.3.2.1.1. Deposit Control 5.3.2.1.2. Cetane Improvers 5.3.2.1.3. Lubricity Improvers 5.3.2.1.4. Cold Flow Improvers 5.3.2.1.5. Stability Improvers 5.3.2.1.6. Octane Improvers 5.3.2.1.7. Corrosion Inhibitors 5.3.2.1.8. Anti-Icing Additives 5.3.2.1.9. Dyes & Markers 5.3.2.1.10. Others 5.3.2.2. Canada Fuel Additives Market Size and Forecast, by Application (2023-2030) 5.3.2.2.1. Diesel 5.3.2.2.2. Gasoline 5.3.2.2.3. Aviation Fuel 5.3.2.2.4. Others 5.3.3. Mexico 5.3.3.1. Mexico Fuel Additives Market Size and Forecast, by Type (2023-2030) 5.3.3.1.1. Deposit Control 5.3.3.1.2. Cetane Improvers 5.3.3.1.3. Lubricity Improvers 5.3.3.1.4. Cold Flow Improvers 5.3.3.1.5. Stability Improvers 5.3.3.1.6. Octane Improvers 5.3.3.1.7. Corrosion Inhibitors 5.3.3.1.8. Anti-Icing Additives 5.3.3.1.9. Dyes & Markers 5.3.3.1.10. Others 5.3.3.2. Mexico Fuel Additives Market Size and Forecast, by Application (2023-2030) 5.3.3.2.1. Diesel 5.3.3.2.2. Gasoline 5.3.3.2.3. Aviation Fuel 5.3.3.2.4. Others 6. Europe Fuel Additives Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Fuel Additives Market Size and Forecast, by Type (2023-2030) 6.2. Europe Fuel Additives Market Size and Forecast, by Application (2023-2030) 6.3. Europe Fuel Additives Market Size and Forecast, by Country (2023-2030) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Fuel Additives Market Size and Forecast, by Type (2023-2030) 6.3.1.2. United Kingdom Fuel Additives Market Size and Forecast, by Application (2023-2030) 6.3.2. France 6.3.2.1. France Fuel Additives Market Size and Forecast, by Type (2023-2030) 6.3.2.2. France Fuel Additives Market Size and Forecast, by Application (2023-2030) 6.3.3. Germany 6.3.3.1. Germany Fuel Additives Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Germany Fuel Additives Market Size and Forecast, by Application (2023-2030) 6.3.4. Italy 6.3.4.1. Italy Fuel Additives Market Size and Forecast, by Type (2023-2030) 6.3.4.2. Italy Fuel Additives Market Size and Forecast, by Application (2023-2030) 6.3.5. Spain 6.3.5.1. Spain Fuel Additives Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Spain Fuel Additives Market Size and Forecast, by Application (2023-2030) 6.3.6. Sweden 6.3.6.1. Sweden Fuel Additives Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Sweden Fuel Additives Market Size and Forecast, by Application (2023-2030) 6.3.7. Russia 6.3.7.1. Russia Fuel Additives Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Russia Fuel Additives Market Size and Forecast, by Application (2023-2030) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Fuel Additives Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Rest of Europe Fuel Additives Market Size and Forecast, by Application (2023-2030) 7. Asia Pacific Fuel Additives Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Fuel Additives Market Size and Forecast, by Type (2023-2030) 7.2. Asia Pacific Fuel Additives Market Size and Forecast, by Application (2023-2030) 7.3. Asia Pacific Fuel Additives Market Size and Forecast, by Industry (2023-2030) 7.4. Asia Pacific Fuel Additives Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Fuel Additives Market Size and Forecast, by Type (2023-2030) 7.4.1.2. China Fuel Additives Market Size and Forecast, by Application (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Fuel Additives Market Size and Forecast, by Type (2023-2030) 7.4.2.2. S Korea Fuel Additives Market Size and Forecast, by Application (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Fuel Additives Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Japan Fuel Additives Market Size and Forecast, by Application (2023-2030) 7.4.4. India 7.4.4.1. India Fuel Additives Market Size and Forecast, by Type (2023-2030) 7.4.4.2. India Fuel Additives Market Size and Forecast, by Application (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Fuel Additives Market Size and Forecast, by Type (2023-2030) 7.4.5.2. Australia Fuel Additives Market Size and Forecast, by Application (2023-2030) 7.4.6. ASEAN 7.4.6.1. ASEAN Fuel Additives Market Size and Forecast, by Type (2023-2030) 7.4.6.2. ASEAN Fuel Additives Market Size and Forecast, by Application (2023-2030) 7.4.7. Rest of Asia Pacific 7.4.7.1. Rest of Asia Pacific Fuel Additives Market Size and Forecast, by Type (2023-2030) 7.4.7.2. Rest of Asia Pacific Fuel Additives Market Size and Forecast, by Application (2023-2030) 8. Middle East and Africa Fuel Additives Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Fuel Additives Market Size and Forecast, by Type (2023-2030) 8.2. Middle East and Africa Fuel Additives Market Size and Forecast, by Application (2023-2030) 8.3. Middle East and Africa Fuel Additives Market Size and Forecast, by Country (2023-2030) 8.3.1. South Africa 8.3.1.1. South Africa Fuel Additives Market Size and Forecast, by Type (2023-2030) 8.3.1.2. South Africa Fuel Additives Market Size and Forecast, by Application (2023-2030) 8.3.2. GCC 8.3.2.1. GCC Fuel Additives Market Size and Forecast, by Type (2023-2030) 8.3.2.2. GCC Fuel Additives Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest of MEandA 8.3.3.1. Rest of MEandA Fuel Additives Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest of MEandA Fuel Additives Market Size and Forecast, by Application (2023-2030) 9. South America Fuel Additives Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030 9.1. South America Fuel Additives Market Size and Forecast, by Type (2023-2030) 9.2. South America Fuel Additives Market Size and Forecast, by Application (2023-2030) 9.3. South America Fuel Additives Market Size and Forecast, by Country (2023-2030) 9.3.1. Brazil 9.3.1.1. Brazil Fuel Additives Market Size and Forecast, by Type (2023-2030) 9.3.1.2. Brazil Fuel Additives Market Size and Forecast, by Application (2023-2030) 9.3.2. Argentina 9.3.2.1. Argentina Fuel Additives Market Size and Forecast, by Type (2023-2030) 9.3.2.2. Argentina Fuel Additives Market Size and Forecast, by Application (2023-2030) 9.3.3. Rest of South America 9.3.3.1. Rest of South America Fuel Additives Market Size and Forecast, by Type (2023-2030) 9.3.3.2. Rest of South America Fuel Additives Market Size and Forecast, by Application (2023-2030) 10. Company Profile: Key Players 10.1. Innospec Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Chevron Oronite Company Llc 10.3. The Lubrizol Corporation 10.4. Afton Chemical Corporation 10.5. Evonik Industries AG 10.6. BASF SE 10.7. Lanxess 10.8. Dorf Ketal Chemicals 10.9. Infineum International Limited 10.10. Cummins Inc. 10.11. Cerion Llc 10.12. Total Sa 10.13. Baker Hughes, A Ge Company Llc. 10.14. Clariant AG 10.15. Croda International Plc 10.16. Eni Spa 10.17. Qatar Fuel Additives Company (Qafac) 10.18. Solvay 10.19. Huntsman Corporation 10.20. The Dow Chemical Company 10.21. Eastman Chemical Corporation 10.22. The Armor All/Stp Products Company, A Spectrum Brands Company 10.23. Iftex Oil & Chemicals Ltd 10.24. Eastern Petroleum 10.25. Lucas Oil Products, Inc. 10.26. The Chemours Company 11. Key Findings & Analyst Recommendations 12. Fuel Additives Market: Research Methodology 12.1. Research Data 12.1.1. Secondary Data 12.1.2. Primary Data 12.2. Top-Down Approach 12.3. Bottom-up Approach 12.4. Market Breakdown and Data Triangulation 12.5. Research Assumption 12.6. Growth rate assumptions/Growth Forecast 12.7. Factor Analysis 12.8. Limitations 12.9. Risk Assessment
