Global Automotive Fuel Additives Market

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

  • Report ID: AL-2001
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 187
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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 automobile industry.

Global Automotive Fuel Additives Market summary

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. 

Market Trends, Drivers, Restraints, and Opportunities:

Drivers

  • Growing production of automobile is estimated to fuel the market in the coming years.
  • Increasing strict environmental laws on vehicle emissions and surging car sales are expected to propel the market during the forecast period.
  • Rising fuel usage and increasing environmental concerns are spurring the market growth during the forecast period.

Restraints

  • Rising demand for battery electric vehicles (BEVs) in countries such as China, the US, and Germany is projected to hinder the market growth during the forecast period.

Opportunities/Trends

  • Rising demand for ultra-low-sulfur diesel (ULSD) is estimated to create immense opportunities for the market players.

Scope of the Report

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.

Global Automotive Fuel Additives Market Segment Insights

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.

Global Automotive Fuel Additives Market types

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.

Segments

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
  • Others

By Applications

  • Aviation Fuel 
  • Gasoline
  • Diesel
  • Others

By Distribution Channels

  • Unauthorized Service Stations
  • E-Commerce
  • Big Stores
  • Gas Stations
  • 4S Stores
  • Automotive Workshops
  • Others

By Regions

  • Asia Pacific
  • North America
  • Europe, Latin America
  • Middle East & Africa

Key Players

  • 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
  • Solvay S.A.

Competitive Landscape

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.

Global Automotive Fuel Additives Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Fuel Additives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Fuel Additives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Fuel Additives Market - Supply Chain
  4.5. Global Automotive Fuel Additives Market Forecast
     4.5.1. Automotive Fuel Additives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Fuel Additives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Fuel Additives Market Absolute $ Opportunity
5. Global Automotive Fuel Additives Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Fuel Additives Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Fuel Additives Demand Share Forecast, 2019-2026
6. North America Automotive Fuel Additives Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Fuel Additives Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Fuel Additives Demand Share Forecast, 2019-2026
7. Latin America Automotive Fuel Additives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Fuel Additives Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Fuel Additives Demand Share Forecast, 2019-2026
8. Europe Automotive Fuel Additives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Fuel Additives Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Fuel Additives Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Fuel Additives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Fuel Additives Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Fuel Additives Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Fuel Additives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Fuel Additives Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Fuel Additives Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Fuel Additives Market: Market Share Analysis
  11.2. Automotive Fuel Additives Distributors and Customers
  11.3. Automotive Fuel Additives Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Afton Chemical Corporation
     11.4.2. The Lubrizol Corporation
     11.4.3. Innospec Inc.
     11.4.4. BASF SE
     11.4.5. Evonik Industries AG
     11.4.6. LANXESS AG
     11.4.7. Chevron Oronite Company LLC

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
  • Others

By Applications

  • Aviation Fuel 
  • Gasoline
  • Diesel
  • Others

By Distribution Channels

  • Unauthorized Service Stations
  • E-Commerce
  • Big Stores
  • Gas Stations
  • 4S Stores
  • Automotive Workshops
  • Others

By Regions

  • Asia Pacific
  • North America
  • Europe, Latin America
  • Middle East & Africa

Key Players

  • 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
  • Solvay S.A.

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.

Global Automotive Fuel Additives Market keyplayers

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