Fuel Additives Market cover

Fuel Additives Market by Product Type (Deposit Control, Cetane Improvers, Lubricity Additives, Antioxidants, Anti-corrosion, Cold Flow Improvers, Antiknock Agents, and Others), Application (Diesel, Gasoline, Jet Fuel, 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: MC-1576
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 58
  • No. Of Pages: 192
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The fuel additives market size was valued at 1,767.83 kiloton in 2020 and the market size is projected to register a considerable CAGR of more than 5% during the forecast period, 2021-2028. The growth of market is attributed to the introduction of strict environmental rules relating to greenhouse gas emissions.

Fuel Additives Market summary

Fuel additives are chemical components that are added to gasoline to improve its performance. These chemicals' principal functions include corrosion inhibitors, anti-foaming, friction reducers, and antioxidation. Many problems with the fuel distribution system can be prevented by using gasoline additives. They help to increase the efficiency and quality of car fuels.

To increase the quality and performance of various fuels, fuel additives are frequently employed. With the outbreak of Covid-19 and suspension of international air travel and economic activity throughout the world has had a significant impact on the market for gasoline additives. The United States is the world's second-largest car market in terms of both sales & manufacturing. Automobile sales fell by roughly 1.8 percent in 2019. Automakers, on the other hand, have been attempting to revitalize the sector by withdrawing their earlier models from domestic market. The Covid-19 epidemic has also had an effect on the automobile sector.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing fuel usage and rising environmental concerns, are projected to drive the market.
  •  Rising demand for ultra-low-sulfur diesel (ULSD) is expected to propel the market.
  • Diesel fuel is used in tanks & vehicles by the military because it is less flammable & explosive than other fuels, which is projected to boost the market.
  • Rising demand for battery electric vehicles (BEVs) in nations, is estimated to hamper the market.

Scope of the Report

The report on the 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

Fuel Additives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Type (Deposit Control, Cetane Improvers, Lubricity Additives, Antioxidants, Anti-corrosion, Cold Flow Improvers, Antiknock Agents, and Others), Application (Diesel, Gasoline, Jet Fuel, and Others)

Regional Scope

Asia-Pacific, North America, Europe, Latin America, and Middle-East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Afton Chemical.; The Lubrizol Corporation.; Innospec Inc.; BASE SE.; Chevron corporation

Market Segment Insights

The deposit control segment is expected to grow at a rapid pace

Based on products, the fuel additives market is divided into deposit control, cetane improvers, lubricity additives, antioxidants, anti-corrosion, cold flow improvers, antiknock agents, and others. The deposit control segment is expected to grow at a rapid pace during the forecast period due to increasing demand from a variety of applications.

Fuel Additives Market types

The gasoline segment is projected to expand at a considerable CAGR

On the basis of applications, the market is segregated into diesel, gasoline, jet fuel, and others. The gasoline segment is projected to expand at a considerable CAGR during the forecast period due to increasing gasoline additive usage due to engine design requirements & refinery operating changes. The cost of addition is less than 0.3 percent of the average retail price of gasoline. Gasoline engine technology and fuels, such as diesel, are continually developing and posing new obstacles.
Fuel additives that have found usage in gasoline engines are utilized in either the refinery fuel distribution system or the vehicle system.

North America is anticipated to constitute a key market share

In terms of regions, the fuel additives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to increased use of gasoline. The US economy is one of the major and most powerful in the world. Due to the Covid-19 epidemic, the market in the country increased at a pace of 3.1 percent in 2021, compared to -4.3 percent in 2020.
The transportation industry in the United States consumed roughly 1.1 billion barrels of distillate fuel (basically diesel fuel) in 2019. This amount accounted for 15% of overall petroleum consumption in the country and around 23% of total energy consumption by the transportation sector on an energy content basis. The majority of agriculture & construction equipment in the country runs on diesel fuel.

Fuel Additives Market region

 

Segments

Segments Covered in the Report

The fuel additives market has been segmented on the basis of

Product Types

  • Deposit Control
  • Cetane Improvers
  • Lubricity Additives
  • Antioxidants
  • Anti-corrosion
  • Cold Flow Improvers
  • Antiknock Agents
  • Others

Applications

  • Diesel
  • Gasoline
  • Jet Fuel
  • Others

Regions

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

Key Players

  • Afton Chemical
  • The Lubrizol Corporation
  • Innospec Inc.
  • BASE SE.
  • Chevron corporation

Competitive Landscape

Key players competing in the fuel additives market include Afton Chemical.; The Lubrizol Corporation.; Innospec Inc.; BASE SE.; Chevron corporation. Some of these players are adopting various strategies, such as partnerships, acquisitions, and product launches, to gain a larger share in the market. The fuel additives market is fairly consolidated, with the top players controlling majority of the market share.

Fuel Additives Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. 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. Fuel Additives Market - Supply Chain
  4.5. Global Fuel Additives Market Forecast
     4.5.1. Fuel Additives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fuel Additives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fuel Additives Market Absolute $ Opportunity
5. Global 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. 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 Fuel Additives Demand Share Forecast, 2019-2026
6. North America 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 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 Fuel Additives Demand Share Forecast, 2019-2026
7. Latin America 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 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 Fuel Additives Demand Share Forecast, 2019-2026
8. Europe 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 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 Fuel Additives Demand Share Forecast, 2019-2026
9. Asia Pacific 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 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 Fuel Additives Demand Share Forecast, 2019-2026
10. Middle East & Africa 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 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 Fuel Additives Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Fuel Additives Market: Market Share Analysis
  11.2. Fuel Additives Distributors and Customers
  11.3. Fuel Additives Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Afton Chemical
     11.4.2. The Lubrizol Corporation
     11.4.3. Innospec Inc.
     11.4.4. BASE SE.
     11.4.5. Chevron corporation
     11.4.6.  

Segments Covered in the Report

The fuel additives market has been segmented on the basis of

Product Types

  • Deposit Control
  • Cetane Improvers
  • Lubricity Additives
  • Antioxidants
  • Anti-corrosion
  • Cold Flow Improvers
  • Antiknock Agents
  • Others

Applications

  • Diesel
  • Gasoline
  • Jet Fuel
  • Others

Regions

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

Key Players

  • Afton Chemical
  • The Lubrizol Corporation
  • Innospec Inc.
  • BASE SE.
  • Chevron corporation

Key players competing in the fuel additives market include Afton Chemical.; The Lubrizol Corporation.; Innospec Inc.; BASE SE.; Chevron corporation. Some of these players are adopting various strategies, such as partnerships, acquisitions, and product launches, to gain a larger share in the market. The fuel additives market is fairly consolidated, with the top players controlling majority of the market share.

Fuel Additives Market keyplayers

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