Segments - Global Automotive Fuel Additives Market by Oil Types (Deposit Control Additives, Lubricity Improvers, Cetane Improvers, Cold Flow Improvers, Stability Improvers, Corrosion Inhibitors, Anti-icing Fuel Additives, Octane Improvers, Dyes & Markers, and Others), Applications (Aviation Fuel, Gasoline, Diesel, and Others), Distribution Channels (Unauthorized Service Stations, E-Commerce, Big Stores, Gas Stations, 4S Stores, Automotive Workshops, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global automotive fuel additives market size was valued at USD 6.0 billion in 2020 and is estimated to reach USD 7.1 billion by 2026, expanding at a CAGR of 3.4% during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for fuel additives in applications including gasoline, aviation fuels, and diesel, implementation of strict environmental laws regarding greenhouse gas emissions by various governments, growing fuel usage, increasing environmental concerns, and rapid growth of the automobile industry.
Automotive fuel additives are optimal for preventative maintenance and reducing fuel-related problems. These additives are used to improve the performance of gasoline and diesel fuel. They offer a cost-effective solution to automobile issues such as poor engine performance, decreased fuel economy, poor drivability, excessive emissions, and others. Automotive gasoline additives are primarily used to increase vehicle performance while lowering maintenance expenses.
Additives are used to prevent or minimize the formation of deposits in the engine, extending the shelf life of automobiles and allowing vehicle owners to delay vehicle maintenance. Automotive fuel additives are utilized in the fuel system and its supplements, which include transmission fluid, engine oil, power steering fluid, gear oil, and other lubricants found in vehicles.
The report on the global automotive fuel additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Automotive Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Oil Types (Deposit Control Additives, Lubricity Improvers, Cetane Improvers, Cold Flow Improvers, Stability Improvers, Corrosion Inhibitors, Anti-icing Fuel Additives, Octane Improvers, Dyes & Markers, and Others), Applications (Aviation Fuel, Gasoline, Diesel, and Others), Distribution Channels (Unauthorized Service Stations, E-Commerce, Big Stores, Gas Stations, 4S Stores, Automotive Workshops, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast |
Key Players Covered in the Report |
Afton Chemical Corporation, The Lubrizol Corporation, Innospec Inc., BASF SE, Evonik Industries AG, LANXESS AG, Chevron Oronite Company LLC, Dorf Ketal Chemicals, Infineum International Limited, Cummins Inc., Total SA, Baker Hughes, Clariant AG, Croda International PLC, ENI SPA, Chempoint Solutions Company, and Solvay S.A. |
Based on oil types, the market is divided into deposit control additives, lubricity improvers, cetane improvers, cold flow improvers, stability improvers, corrosion inhibitors, anti-icing fuel additives, octane improvers, dyes & markers, and others. The lubricity improvers segment is expected to account for a key share of the market during the forecast period. Lubricity improver fuel additives are used to improve the lubricity of hydro-treated diesel fuels. These additives have a polar group that attract metal surfaces and aid in the formation of a thin surface coating. When two metal surfaces come into contact, the coating acts as a boundary lubricant. In most countries around the world, ultra-low sulfur diesel is the norm and therefore necessitates a large number of lubricity improvers.
In terms of applications, the global automotive fuel additives market is segregated into aviation fuel, gasoline, diesel, and others. The diesel segment is anticipated to dominate the market during the forecast period, due to large usage of diesel and excessive dosage of additives in diesel for efficiency and power. Diesel engines were chosen over gasoline engines, as they emit less CO2, which is good for the environment.
Based on distribution channels, the market is segmented into unauthorized service stations, e-commerce, big stores, gas stations, 4s stores, automotive workshops, and others. The e-commerce segment is projected to represent a key share of the market during the forecast period, due to increasing penetration of the internet across the globe and the rising e-commerce industry.
On the basis of regions, the global automotive fuel additives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market at a high CAGR during the forecast period. In this region, the Environmental Protection Agency (EPA) plays a key role in product monitoring and commercialization, due to strict environmental rules in place to safeguard the environment and reduce GHG emissions. Furthermore, rising biofuel acceptability combined with high additive rates across the region are expected to boost the regional market in the coming years.
In terms of value, the market in Asia Pacific was the second-largest consumer of gasoline additives in 2020, after North America and is expected to grow at a rapid rate throughout the forecast period. Asia Pacific is an attractive market for gasoline additives, due to rapid economic growth in emerging countries and rising disposable income of people in the region.
Key players in the global automotive fuel additives market include Afton Chemical Corporation, The Lubrizol Corporation, Innospec Inc., BASF SE, Evonik Industries AG, LANXESS AG, Chevron Oronite Company LLC, Dorf Ketal Chemicals, Infineum International Limited, Cummins Inc., Total SA, Baker Hughes, Clariant AG, Croda International PLC, ENI SPA, Chempoint Solutions Company, and Solvay S.A.