Global Specialty Fuel Additives Market: Industrial Analysis and Forecast (2020-2026), By Additives Type, Application and Region

Global Specialty Fuel Additives Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of 5.6% during the forecast period.

Global Specialty Fuel Additives Market Introduction

Chemical compounds designed to increase the quality and efficiency of fuels are known as specialty fuel additives. Antifreeze treatment chemicals, cold flow additives, and fuel antioxidants are among the most regularly used specialized fuel additives in a variety of end-use sectors. To keep ahead of the game, leading specialized fuel additives producers are focused on producing solutions that are engineered to safeguard and improve gasoline quality in storage systems, throughout distribution, and throughout transportation. Innovative approaches to introduce multi-functional and bio-sourced specialty fuel additives for lowering maintenance and boosting fuel economy is expected to emerge as a megatrend in the worldwide market in the future years.

Global Specialty Fuel Additives Market Dynamics

Despite the fact that the automobile business has had its ups and downs, several aspects of manufacturers' practices, as well as customer needs, have altered dramatically in recent years. The public's knowledge of the detrimental effects of toxic fuel deposits on engine performance are growing faster than ever, prompting manufacturers to focus even more on improving the quality of fuels, particularly those used in the automobile sector. Specialty gasoline additives that help unclog clogged injectors, reduce dual deposits in engine injector nozzles, remove knocking and provide additional fuel safety and quality characteristics are projected to remain in high demand across the automobile sector. Leading companies in the global specialty fuel additives market are also attempting to provide specialty fuel additives that not only improve and safeguard fuel quality and efficiency, but also maintain a temperature balance when fuels are subjected to severe temperatures. In the near future, boosting the versatility of specialty gasoline additives is expected to emerge as a winning recipe in the worldwide market. Specialty gasoline additives are in high demand in the aviation business, in addition to the Car sector. Deposit control and cleaning additives, which clean and remove deposits from the engine, are in high demand among specialty fuel additives. Furthermore, a rise in prices for fixing problems with fuel economy and improving performance is likely to boost the global market growth. Furthermore, the increased necessity to avoid rust development is likely to drive up corrosion inhibitor demand. In addition to rust prevention, an increase in demand for gum prevention is predicted to drive up demand for oxidation inhibitors. The global specialized fuel additives market is expected to grow due to an increase in demand for efficient fuel functioning and protection against rust and gum development in the automotive and aviation industries.

Global Specialty Fuel Additives Market Segment Analysis

Demand for cetane improvers are expected to rise as the need to reduce ignition delays during combustion grows. By the end of 2022, the cetane improvers market is estimated to be worth over US$ 600 million. By the end of 2022, the deposit control additives sector is expected to have the second-largest revenue growth in the global market. The antioxidants sector, on the other hand, is expected to grow at the fastest rate in the worldwide market by 2022. Due to growing ULSD usage, the worldwide cetane improvers industry is expected to approach $970 million by 2023. In 2023, the cold flow improver’s segment is expected to grow by over 8%, with a volume share of over 7.5 %. By the end of 2022, the global specialty fuel additives market is estimated to be worth more than US$ 500 million for the diesel specialty category. By the end of 2022, the gasoline category is expected to have the second-largest revenue growth in the global market. Furthermore, by 2022, this segment is predicted to have the highest CAGR in the global market. Due to extensive use of diesel throughout Asia, notably India, China, Indonesia, and Thailand, the APAC region is expected to lead the way with predicted growth of over 6.5% through 2023. Because diesel is a more polluting fuel than gasoline, additives are necessary to improve vehicle efficiency. By Additives Type, Deposit control segment consumption is expected to hit 3,800-kilo tons by 2023, with a CAGR of xx%. They're utilized in gasoline and diesel engines to manage and remove deposits like soot and sludge that harm the engine and limit performance. Global Specialty Fuel Additives Market To know about the Research Methodology :- Request Free Sample Report

Global Specialty Fuel Additives Market Regional Insights

Global Specialty Fuel Additives Market 1 Opportunities for growth in North America and the Asia Pacific is expected to drive a majority of stakeholders to increase their investments in these areas. Increased Car sales in the Asia Pacific area are expected to improve development possibilities for specialty fuel additives makers in Asian nations. Furthermore, stakeholders consider North America as having enormous development potential, followed by Europe. End users in most Western nations are turning to specialty gasoline additives as a result of stringent environmental requirements that limit Car emissions. Nonetheless, producers in the specialty fuel additives industry in North America must follow the laws and standards established by the Environmental Protection Agency (EPA) to regulate and oversee product commercialization. The top firms in the specialty, fuel additives market are concentrating on extending their global presence through acquisitions and mergers, as well as diversifying their product portfolios to keep up with global industry trends. Altivia Oxide Chemicals LLC, a Houston-based Altivia subsidiary, said in June 2020 that it has reached a deal to purchase KMCO, LLC, a leading provider of excellent specialty chemical production and toll processing services situated in Crosby, Texas. In Crosby, the company will buy KMCO's chemical ethoxylation production assets, which include 31 reaction and distillation facilities spread across 60 acres.

Global Specialty Fuel Additives Market Report Scope: Inquire before buying

Global Specialty Fuel Additives Market 2

Global Specialty Fuel Additives Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Global Specialty Fuel Additives Market Key Players

• ASF SE • Chevron Corp. • Berkshire Hathaway, Inc. • Ashland Inc. • ExxonMobil Corporation • Evonik Industries AG • The Dow Chemical Company • E. I. du Pont de Nemours and Co • Afton Chemical Limited • Baker Hughes, a GE Co. • Lubrizol Corporation • Infineum, Innospec • Chemtura Corporation • NewMarket, • Innospec • Albemarle • Dorf Ketal, • NALCO Champion
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Specialty Fuel Additives Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Specialty Fuel Additives Market 3.4. Geographical Snapshot of the Specialty Fuel Additives Market, By Manufacturer share 4. Global Specialty Fuel Additives Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Specialty Fuel Additives Market 5. Supply Side and Demand Side Indicators 6. Global Specialty Fuel Additives Market Analysis and Forecast, 2019-2026 6.1. Global Specialty Fuel Additives Market Size & Y-o-Y Growth Analysis. 7. Global Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 7.1.1. Deposit Control Additives 7.1.2. Cetane Improvers 7.1.3. Antioxidants 7.1.4. Lubricity Improvers 7.1.5. Cold Flow Improvers 7.1.6. Petroleum Dyes & Markers 7.1.7. Corrosion Inhibitors 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 7.2.1. Gasoline 7.2.2. Diesel 7.2.3. Aviation Turbine Fuel 7.2.4. Others 8. Global Specialty Fuel Additives Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 9.1.1. Deposit Control Additives 9.1.2. Cetane Improvers 9.1.3. Antioxidants 9.1.4. Lubricity Improvers 9.1.5. Cold Flow Improvers 9.1.6. Petroleum Dyes & Markers 9.1.7. Corrosion Inhibitors 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 9.2.1. Gasoline 9.2.2. Diesel 9.2.3. Aviation Turbine Fuel 9.2.4. Others 10. North America Specialty Fuel Additives Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 12. Canada Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 13. Mexico Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 14. Europe Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 15. Europe Specialty Fuel Additives Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 17. France Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 18. Germany Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 19. Italy Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 20. Spain Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 21. Sweden Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 22. CIS Countries Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 23. Rest of Europe Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 24. Asia Pacific Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 25. Asia Pacific Specialty Fuel Additives Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 27. India Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 28. Japan Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 29. South Korea Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 30. Australia Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 31. ASEAN Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 32. Rest of Asia Pacific Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 33. Middle East Africa Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 34. Middle East Africa Specialty Fuel Additives Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 36. GCC Countries Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 37. Egypt Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 38. Nigeria Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 39. Rest of ME&A Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 40. South America Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 41. South America Specialty Fuel Additives Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 43. Argentina Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 44. Rest of South America Specialty Fuel Additives Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Additives Type, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Specialty Fuel Additives Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. ASF SE 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Chevron Corp. 45.3.3. Berkshire Hathaway, Inc. 45.3.4. Ashland Inc. 45.3.5. ExxonMobil Corporation 45.3.6. Evonik Industries AG 45.3.7. The Dow Chemical Company 45.3.8. E. I. du Pont de Nemours and Co 45.3.9. Afton Chemical Limited 45.3.10. Baker Hughes, a GE Co. 45.3.11. Lubrizol Corporation 45.3.12. Infineum, Innospec 45.3.13. Chemtura Corporation 45.3.14. NewMarket 45.3.15. Innospec 45.3.16. Albemarle 45.3.17. Dorf Ketal 45.3.18. NALCO Champion 45.3.19. Other Key Players 46. Primary Key Insights

About This Report

Report ID 107326
Category Engineering Equipment
Published Date June 2021
Updated Date
Contact Us