Fuel Additives Market

Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) - Global Forecast to 2025

Report Code: CH 2536 Jun, 2020, by marketsandmarkets.com

[258 Pages Report] The fuel additives market is projected to reach USD 6.8 billion by 2025, at a CAGR of 3.2% from USD 5.8 billion in 2020. The growth of the automotive industry drives the demand for fuel additives. The production of passenger cars, light commercial vehicles, and heavy commercial vehicles have witnessed growth across the globe. The increase in automotive sales increases the demand for gasoline and diesel and, consequently, drive the demand for fuel additives. North America is the key market for fuel additives, globally, followed by APAC and Europe. The growing demand for ultra-low sulfur diesel is expected to provide opportunities for the market.

Fuel Additives Market

Impact of COVID-19 on fuel additives market.

As a result of the global pandemic due to COVID-19, the negative growth of the fuel additives market is expected for the year 2020. The US is the most affected country by the COVID-19, globally. Hence, due to the economic recession, slow growth in fuel additives consumption is expected during the forecast period. Due to the lockdown in major countries and temporary closure of operations, there is a huge barrier in the supply chain. The major oil & gas producers in the region are highly affected due to the closure  of oil refining activities.

Asian countries had taken preventive measures such as social distancing in early stage to avoid the spread of virus and have been potentially able to suppress the virus. As per the reports, the strongest reduction in vehicle traffic was seen from South Asia constituting countries like India, Bangladesh, Sri Lanka and Central Asian countries

Stringent governmental regulations

Governments all over the world are imposing stringent environmental regulations to address growing concerns about the harmful effects of greenhouse gas (GHG) emissions. Government agencies are focusing on the use of clean and efficient fuels The Environmental Protection Agency (EPA) in the US has regularly modified and enforced several norms for reducing vehicular emissions and improving the quality and efficiency of fuels used. The European Union (EU) has imposed stringent rules that are to be followed by every refiner and marketer of fuels. The directive on the Promotion of Clean and Energy Efficient Road Transport Vehicles (EU) strives to introduce environmentally-friendly vehicles and fuels. It is also concerned with the purchase of vehicles for public transport services. The UK government introduced a set of regulations in 2011, which look after the use of additives in fuel. The Government of India has imposed the Euro IV standards in 13 metro cities and Euro III standards for Tier-2 cities to control emissions.

Section 211 of the Clean Air Act of the US EPA states that refiners and importers must register their products with the EPA before they are offered for sale. Under this registration program, all manufacturers are required to analyze the combustion and evaporative emissions generated by their fuel and fuel additive products.

With environmental regulations increasingly becoming stringent, the necessity to reduce emissions is more. This can be achieved by adding more efficient and effective fuel additives. This is driving the fuel additives market.

Degrading quality of crude oil

The quality of crude oil has been degrading over the years. Most of the sweet oil has already been explored and is depleting fast. More investment is needed to exploit high-quality fuels that are very difficult to explore and produce. Moreover, crude oil is heavy and sour and is associated with difficulties in transportation and refining. Thus, the refined products that are obtained are expensive, driving up the cost of the final product.

The challenge for refiners is to develop economical technologies that will allow the production of clean and energy efficient fuels from heavy and unconventional resources while reducing refinery emissions. The technological challenge for both refiners and consumers is to use advanced science and technology to overcome this at the lowest possible cost.
The refineries process a variety of crude oil blends from different sources around the world. In order to handle heavy crudes, cold flow improvers are used to prevent heavy crudes from freezing. Corrosion inhibitors are used in acidic crudes to avoid corrosion, whereas, surfactants are added to prevent settling of impurities. All these factors require refiners to monitor manufacturing equipment closely and use additives to ensure smooth operation of a refinery.

Rise in demand for alternate fuels

Global climate change is a major concern associated with the use of petroleum products. Alternate fuel vehicles (AFVs) offer more tailpipe emission benefits. Compared to reformulated gasoline vehicle, the emissions are reduced by approximately 60%-90% in compressed natural gas (CNG) vehicle and liquefied petroleum gas (LPG) vehicle.

Using alternative fuels in place of petroleum products in light-duty vehicles reduces the amount of petroleum used for transportation. AFVs (alternate fuel vehicles) have been an attractive transportation option since the 1990s. Both the public and private sectors have invested a huge amount of capital in the development of AFVs. A few types of AFVs are already on the road in the US, and some demonstration plans for AFVs are in the pipeline. These vehicles offer a substitute for current gasoline vehicles and account for a considerable share of the overall automobile market. This is restraining the growth of the fuel additives market.

Increase in demand for ultra-low sulfur diesel (ULSD)

The increasing use of low sulfur content fuels will boost the growth of newer emissions control technologies like the addition of fuel additives. The use of fuel additives substantially lowers emissions of particulate matter from diesel engines. This was first introduced in the EU and later in North America.

Ultra-low-sulfur diesel (ULSD) containing 15 ppm of sulfur was introduced for highway diesel fuel in 2006 in the US. ULSD is also expected to be used in non-highway diesel fuel. When it is introduced in non-highway fuel, the demand for fuel additives is expected to increase across the globe. Diesel engines that are equipped with advanced emission control devices use the highway ULSD fuel, which helps decrease emissions.

Deposit control is expected to be the largest type of fuel additives during the forecast period.

On the basis of type, the fuel additives market has been segmented into deposit control, cetane improvers, lubricity improvers, octane improvers, stability improvers, cold flow improvers, corrosion inhibitors, dyes & markets, anti-icing, and others. The deposit control segment is estimated to register a moderate CAGR, in terms of value, of the overall fuel additives market. The growth of the deposit control segment is expected to continue during the forecast period due to the increasing demand from various applications.

Diesel is projected to be the largest application of fuel additives during the forecast period.

On the basis of application, the fuel additives market has been segmented into diesel, gasoline, aviation fuel, and others. The diesel segment is projected to dominate the fuel additives market during the forecast period. The dominance of the diesel segment can be attributed to the robust demand for diesel fuel additives in APAC, North America, and Europe. The demand for diesel fuel additives is expected to experience a significant rise because of their high consumption in APAC.

Fuel Additives Market By Region

North America is expected to account for the largest share of the fuel additives market during the forecast period.

North America is estimated to be the largest market for fuel additives during the forecast period, in terms of value. The dominance of North America in the fuel additives market is mainly due to stringent environmental regulations. The North American market is highly regulated with the Environment Protection Agency (EPA) playing a key role in the monitoring and commercialization of fuel additives products.

Fuel Additives Market Ecosystem

Key Market Players

The key market players profiled in the report include Afton Chemical Corporation (US), Innospec Inc. (US), The Lubrizol Corporation (US), BASF SE (Germany), Infinieum Limited (UK), Evonik Industries AG (Germany), Chevron Oronite Company LLC (US), Lanxess (Germany), Dorf Ketal Chemicals (India), Cummins Inc. (US), and Cerion LLC (US).

Afton Chemical Corporation is one of the leading players in the fuel additives market. The company, through its wide range of product portfolio, is able to cater to the specific needs of customers. The company has made a large number of expansions, which have enabled it to strengthen its position in the fuel additives market. For instance, the company has completed the expansion of its chemical additive manufacturing facility in Jurong Island, Singapore. This helped the company strengthen its presence in the Asian market. Moreover, the company completed the acquisition of Mexico-based petroleum additives manufacturing, sales, and distribution company Aditivos Mexicanos, S.A. de C.V. (AMSA). This helped the company enhance its presence in the Mexican fuel additives market.

Innospec Inc. is another leading manufacturer of fuel additives. The company has adopted a new product launch as a part of its growth strategy. For instance, the company launched new gasoline additive technology for direct injection gasoline engines. This helped the company gain additional market share. The company has also launched a new range of marine fuel additives that comply with new regulations for the maximum sulfur content of marine fuels.

Scope Of The Report

Report Metric

Details

  • Years considered for the study
  • 2016-2025
Base year considered
  • 2019
  • Forecast period
  • 2020–2025
  • Units considered
  • Value (USD Million), Volume (Kiloton)
  • Segments covered
  • Type, Application, and Region
  • Regions covered
  • APAC, North America, Europe, Middle East & Africa, and South America
  • Companies profiled
  • Afton Chemical Corporation (US), Innospec Inc. (US), The Lubrizol Corporation (US), BASF SE (Germany), Infinieum Limited (UK), Evonik Industries AG (Germany), Chevron Oronite Company LLC (US), Lanxess (Germany), Dorf Ketal Chemicals (India), Cummins Inc. (US), and Cerion LLC (US)..
  • Top 25 major players covered.

This report categorizes the global fuel additives market based on type, application, and region.

On the basis of type, the fuel additives market has been segmented as follows:

  • Deposit Control
  • Cetane Improvers
  • Lubricity Improvers
  • Cold Flow Improvers
  • Octane Improvers
  • Corrosion Inhibitors
  • Stability Improvers
  • Dyes & Markers
  • Anti-icing
  • Others (Depressants and Conductivity Improvers)

On the basis of application, the fuel additives market has been segmented as follows:

  • Diesel
  • Gasoline
  • Aviation Fuel
  • Others (Marine Oil and Heating Oil)

On the basis of region, the fuel additives market has been segmented as follows:

  • APAC
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Developments

  • In February 2019, Lanxess expanded its corrosion inhibition additives production capacity. This resulted in a 15% increase in global corrosion inhibition additives production capacity. This has helped the company meet the increasing global demand.
  • In November 2018, BASF SE started methanol production using renewable raw materials. The product name is EU-REDcert-methanol. This product is used as a raw material for chemical conversion into other fuels or fuel additives.
  • In September 2018, Afton Chemical Corporation completed the expansion of its chemical additive manufacturing facility in Jurong Island, Singapore. This has helped the company strengthen its presence in the Asian market.
  • In September 2018, Dorf Ketal started a new plant for the manufacturing of its fuel additive, i.e., mph and milEx at Mundra facility in India. This has helped the company meet the increasing demand for multifunctional fuel additives.
  • In July 2017, Afton Chemical Corporation completed the acquisition of Aditivos Mexicanos, S.A. de C.V. (AMSA), a petroleum additives manufacturing, sales, and distribution company in Mexico. This has helped the company enhance its presence in the Mexican fuel additives market.

Frequently asked questions

  •  What are the major developments impacting the market?
  •  Where will all the developments take the industry in the mid to long term?
  • What are the upcoming types of fuel additives?
  • What are the emerging applications of fuel additives?
  • What are the major factors expected to impact market growth during the forecast period?
  • What are the major factors expected to impact market growth during the forecast period?
  • Can you provide the impact of COVID-19 on fuel additives market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst


1INTRODUCTION (Page No. - 35)
1.1Objectives of the Study
1.2Market Definition
1.2.1Fuel additives market, by type: Inclusions & exclusions
1.2.2Fuel additives market, by application: Inclusions & exclusions
1.3Market Scope
Figure 1Fuel additives market segmentation
1.3.1Regions covered
1.3.2Years considered for the study
1.4Currency
1.5Unit Considered
1.6Limitations
1.7Stakeholders
2RESEARCH METHODOLOGY (Page No. - 40)
2.1Base Number Calculation
2.1.1Fuel additives market: Primary research methodology
2.1.1.1Breakdown of primary interviews
2.1.2Fuel additives market: Research methodology
2.1.3Market size calculation steps from demand side
2.1.4Key market insights, by application
2.2Data Triangulation
2.3Market Engineering Process
2.3.1Bottom-up approach
2.3.2Top-down approach
2.4Assumptions
2.5Secondary Data
2.5.1Key industry insights
3EXECUTIVE SUMMARY (Page No. - 47)
3.1Fuel Additives Market: Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenario
Figure 2Market size in terms of realistic, pessimistic, optimistic, and non-COVID-19 scenario
3.1.1Non-COVID-19 scenario
3.1.2Optimistic scenario
3.1.3Pessimistic scenario
3.1.4Realistic scenario
Figure 3Deposit control to be the largest type of fuel additives
Figure 4Diesel to be the fastest-growing application of fuel additives
Figure 5North America accounted for the largest share of fuel additives market in 2019
4PREMIUM INSIGHTS (Page No. - 51)
4.1Significant Opportunities in the Fuel Additives Market
Figure 6High growth expected in developing economies during forecast period
4.2Fuel Additives Market Size, By Region
Figure 7North America to be the largest fuel additives market during forecast period
4.3North America Fuel Additives Market, By Application and Country
Figure 8US accounted for largest share of North American fuel additives market in 2019
4.4Fuel Additives Market Size, By Type
Figure 9Deposits control segment to account for the largest market share
4.5Fuel Additives Market Attractiveness
Figure 10India to drive APAC fuel additives market during the forecast period
4.6Fuel Additives Market Size, By Application and Region
Figure 11Diesel was the largest application of fuel additives in 2019
5MARKET OVERVIEW (Page No. - 54)
5.1Introduction
5.2Market Dynamics
Figure 12Overview of factors governing the fuel additives market
5.2.1Drivers
5.2.1.1Stringent governmental regulations
5.2.1.2Degrading quality of crude oil
5.2.2Restraints
5.2.2.1Rise in demand for alternate fuels
5.2.2.2Growth in demand for hybrid vehicles and increasing battery price parity
5.2.2.3Huge investment in r&d
5.2.3Opportunities
5.2.3.1Increase in demand for Ultra-Low Sulfur Diesel (ULSD)
5.3Porter's Five Forces Analysis
Figure 13Fuel additives market: Porter's five forces analysis
5.3.1Threat of new entrants
5.3.2Threat of substitutes
5.3.3Bargaining power of suppliers
5.3.4Bargaining power of buyers
5.3.5Intensity of competitive rivalry
5.4Industry Outlook
5.4.1Automotive industry
Table 1Sale of new vehicles in key countries of APAC, 2019 (Units)
Table 2Sale of new vehicles in key countries of North America, 2019 (Units)
Table 3Sale of new vehicle in key countries of Europe, 2019 (Units)
Table 4Sale of new vehicle in key countries of South America, 2019 (Units)
Table 5Sale of new vehicle in key countries of Middle East & Africa, 2019 (Units)
5.5COVID-19 Impact on Fuel Additives Market
5.5.1Disruption in the automotive industry
5.5.1.1Impact on customers' output and strategies to resume/improve production
Table 6Automotive companies' announcements
5.5.1.2Customers' most affected regions
5.5.1.3Risk assessment and opportunities
Table 7Opportunity assessment in automotive industry - short-term strategies to manage cost structure and supply chains
5.5.1.4MnM viewpoint on growth outlook and new market opportunities
5.5.2Disruption in the oil & gas industry
5.5.2.1Impact on customers' output and strategies to resume/improve production
Table 8Oil & gas companies' announcements
5.5.2.2Customers' most affected regions
Table 9Opportunity assessment in oil & gas industry - short-term strategies to manage cost structure and supply chains
5.5.2.3MnM viewpoint on growth outlook and new market opportunities
6FUEL ADDITIVES MARKET, BY TYPE (Page No. - 67)
6.1Introduction
Figure 14Deposit control to be largest fuel additive during forecast period
Table 10Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 11Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 12Fuel additives market size, by type, 2016-2019 (USD Million)
Table 13Fuel additives market size, by type, 2020-2025 (USD Million)
6.2Deposit Control
6.2.1Deposit control additive to dominate overall fuel additives market
Figure 15North America to be largest deposit control fuel additives market
Table 14Deposit control fuel additives market size, by region, 2016-2019 (Kiloton)
Table 15Deposit control fuel additives market size, by region, 2020-2025 (Kiloton)
Table 16Deposit control fuel additives market size, by region, 2016-2019 (USD Million)
Table 17Deposit control fuel additives market size, by region, 2020-2025 (USD Million)
6.3Cetane Improvers
6.3.1Increasing demand from diesel application drives the cetane improvers market
Figure 16APAC to be the largest cetane improver fuel additives market during forecast period
Table 18Cetane improver fuel additives market size, by region, 2016-2019 (Kiloton)
Table 19Cetane improver fuel additives market size, by region, 2020-2025 (Kiloton)
Table 20Cetane improver fuel additives market size, by region, 2016-2019 (USD Million)
Table 21Cetane improver fuel additives market size, by region, 2020-2025 (USD Million)
6.4Lubricity Improvers
6.4.1Necessity to reduce sulfur content in fuels is expected to drive the market
Figure 17APAC to be largest lubricity improver fuel additives market during forecast period
Table 22Lubricity improver fuel additives market size, by region, 2016-2019 (Kiloton)
Table 23Lubricity improvers fuel additives market size, by region, 2020-2025 (Kiloton)
Table 24Lubricity improver fuel additives market size, by region, 2016-2019 (USD Million)
Table 25Lubricity improvers fuel additives market size, by region, 2020-2025 (USD Million)
6.5Cold Flow Improvers
6.5.1Increased demand from manufacturing industry driving the market for cold flow improvers
Figure 18North America to be largest cold flow improvers market in 2020
Table 26Cold flow improver fuel additives market size, by region, 2016-2019 (Kiloton)
Table 27Cold flow improver fuel additives market size, by region, 2020-2025 (Kiloton)
Table 28Cold flow improver fuel additives market size, by region, 2016-2019 (USD Million)
Table 29Cold flow improvers fuel additives market size, by region, 2020-2025 (USD Million)
6.6Stability Improvers
6.6.1High demand from APAC is driving the stability improver additives market
Figure 19APAC to be largest stability improver additives market during forecast period
Table 30Stability improver fuel additives market size, by region, 2016-2019 (Kiloton)
Table 31Stability improver fuel additives market size, by region, 2020-2025 (Kiloton)
Table 32Stability improver fuel additives market size, by region, 2016-2019 (USD Million)
Table 33Stability improver fuel additives market size, by region, 2020-2025 (USD Million)
6.7Octane Improvers
6.7.1Rising emission control regulations is driving the octane improvers market
Figure 20North America to be largest octane improvers market during forecast period
Table 34Octane improver fuel additives market size, by region, 2016-2019 (Kiloton)
Table 35Octane improvers fuel additives market size, by region, 2020-2025 (Kiloton)
Table 36Octane improver fuel additives market size, by region, 2016-2019 (USD Million)
Table 37Octane improvers fuel additives market size, by region, 2020-2025 (USD Million)
6.8Corrosion Inhibitors
6.8.1Strong awareness regarding the advantages of corrosion inhibitors driving the market
Figure 21North America to be largest corrosion inhibitors market during forecast period
Table 38Corrosion inhibitors fuel additives market size, by region, 2016-2019 (Kiloton)
Table 39Corrosion inhibitor fuel additives market size, by region, 2020-2025 (Kiloton)
Table 40Corrosion inhibitors fuel additives market size, by region, 2016-2019 (USD Million)
Table 41Corrosion inhibitor fuel additives market size, by region, 2020-2025 (USD Million)
6.9Anti-Icing Additives
6.9.1Growing aviation industry is driving the anti-icing additives market
Figure 22APAC to be largest anti-icing additives market during forecast period
Table 42Anti-icing fuel additives market size, by region, 2016-2019 (Kiloton)
Table 43Anti-icing fuel additives market size, by region, 2020-2025 (Kiloton)
Table 44Anti-icing fuel additives market size, by region, 2016-2019 (USD Million)
Table 45Anti-icing fuel additives market size, by region, 2020-2025 (USD Million)
6.10Dyes & Markers
6.10.1Demand for pure and quality fuel to drive the dyes & markers market
Figure 23Europe to be the third-largest dyes & markers additives market during forecast period
Table 46Dyes & markers additives market size, by region, 2016-2019 (Kiloton)
Table 47Dyes & markers fuel additives market size, by region, 2020-2025 (Kiloton)
Table 48Dyes & markers additives market size, by region, 2016-2019 (USD Million)
Table 49Dyes & markers fuel additives market size, by region, 2020-2025 (USD Million)
6.11Others
Figure 24APAC to be largest market for other fuel additives segment during forecast period
Table 50Other fuel additives market size, by region, 2016-2019 (Kiloton)
Table 51Other fuel additives market size, by region, 2020-2025 (Kiloton)
Table 52Other fuel additives market size, by region, 2016-2019 (USD Million)
Table 53Other fuel additives market size, by region, 2020-2025 (USD Million)
7FUEL ADDITIVES MARKET, BY APPLICATION (Page No. - 92)
7.1Introduction
Figure 25Diesel fuel to be the largest application of fuel additives during forecast period
Table 54Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 55Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 56Fuel additives market size, by application, 2016-2019 (USD Million)
Table 57Fuel additives market size, by application, 2020-2025 (USD Million)
7.2Diesel
7.2.1High consumption in APAC and Europe to drive the market
Figure 26APAC to be the largest fuel additives market in diesel application
Table 58Fuel additives market size in diesel, by region, 2016-2019 (Kiloton)
Table 59Fuel additives market size in diesel, by region, 2020-2025 (Kiloton)
Table 60Fuel additives market size in diesel, by region, 2016-2019 (USD Million)
Table 61Fuel additives market size in diesel, by region, 2020-2025 (USD Million)
7.3Gasoline
7.3.1Demand from North America is expected to drive the market in gasoline application
Figure 27North America to be largest fuel additives market in gasoline application during forecast period
Table 62Fuel additives market size in gasoline, by region, 2016-2019 (Kiloton)
Table 63Fuel additives market size in gasoline, by region, 2020-2025 (Kiloton)
Table 64Fuel additives market size in gasoline, by region, 2016-2019 (USD Million)
Table 65Fuel additives market size in gasoline, by region, 2020-2025 (USD Million)
7.4Aviation Fuel
7.4.1High consumption of aviation fuel in developed nations is driving the market
Figure 28North America to be the fuel additives market in aviation fuel application during forecast period
Table 66Fuel additives market size in aviation fuel, by region, 2016-2019 (Kiloton)
Table 67Fuel additives market size in aviation fuel, by region, 2020-2025 (Kiloton)
Table 68Fuel additives market size in aviation fuel, by region, 2016-2019 (USD Million)
Table 69Fuel additives market size in aviation fuel, by region, 2020-2025 (USD Million)
7.5Others
Figure 29APAC to be largest fuel additives market in other applications
Table 70Fuel additives market size in other applications, by region, 2016-2019 (Kiloton)
Table 71Fuel additives market size in other applications, by region, 2020-2025 (Kiloton)
Table 72Fuel additives market size in other applications, by region, 2016-2019 (USD Million)
Table 73Fuel additives market size in other application, by region, 2020-2025 (USD Million)
8FUEL ADDITIVES MARKET, BY REGION (Page No. - 103)
8.1Introduction
Figure 30APAC to be the fastest-growing fuel additives market
Table 74Fuel additives market size, by region, 2016-2019 (Kiloton)
Table 75Fuel additives market size, by region, 2020-2025 (Kiloton)
Table 76Fuel additives market size, by region, 2016-2019 (USD Million)
Table 77Fuel additives market size, by region, 2020-2025 (USD Million)
8.2North America
8.2.1Impact of COVID-19 on North America fuel additives market
Figure 31North America: Fuel additives market snapshot
Table 78North America: Fuel additives market size, by country, 2016-2019 (Kiloton)
Table 79North America: Fuel additives market size, by country, 2020-2025 (Kiloton)
Table 80North America: Fuel additives market size, by country, 2016-2019 (USD Million)
Table 81North America: Fuel additives market size, by country, 2020-2025 (USD Million)
Table 82North America: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 83North America: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 84North America: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 85North America: Fuel additives market size, by application, 2020-2025 (USD Million)
Table 86North America: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 87North America: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 88North America: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 89North America: Fuel additives market size, by type, 2020-2025 (USD Million)
8.2.2US
8.2.2.1Growth of the transportation industry is likely to affect the fuel additives market in the us positively
Table 90US: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 91US: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 92US: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 93US: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 94US: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 95US: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 96US: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 97US: Fuel additives market size, by application, 2020-2025 (USD Million)
8.2.3Canada
8.2.3.1The aviation industry will boost the demand for fuel additives in Canada
Table 98Canada: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 99Canada: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 100Canada: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 101Canada: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 102Canada: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 103Canada: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 104Canada: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 105Canada: Fuel additives market size, by application, 2020-2025 (USD Million)
8.2.4Mexico
8.2.4.1Rising industrialization is likely to propel the fuel additives market growth
Table 106Mexico: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 107Mexico: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 108Mexico: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 109Mexico: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 110Mexico: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 111Mexico: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 112Mexico: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 113Mexico: Fuel additives market size, by application, 2020-2025 (USD Million)
8.3APAC
8.3.1Impact of COVID-19 on the APAC fuel additives market
Figure 32APAC: Fuel additives market snapshot
Table 114APAC: Fuel additives market size, by country, 2016-2019 (Kiloton)
Table 115APAC: Fuel additives market size, by country, 2020-2025 (Kiloton)
Table 116APAC: Fuel additives market size, by country, 2016-2019 (USD Million)
Table 117APAC: Fuel additives market size, by country, 2020-2025 (USD Million)
Table 118APAC: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 119APAC: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 120APAC: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 121APAC: Fuel additives market size, by application, 2020-2025 (USD Million)
Table 122APAC: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 123APAC: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 124APAC: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 125APAC: Fuel additives market size, by type, 2020-2025 (USD Million)
8.3.2China
8.3.2.1The country's economic growth is a major driver for the fuel additives market
Table 126China: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 127China: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 128China: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 129China: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 130China: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 131China: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 132China: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 133China: Fuel additives market size, by application, 2020-2025 (USD Million)
8.3.3Japan
8.3.3.1Demand from the automotive sector to drive the fuel additives market in Japan
Table 134Japan: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 135Japan: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 136Japan: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 137Japan: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 138Japan: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 139Japan: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 140Japan: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 141Japan: Fuel additives market size, by application, 2020-2025 (USD Million)
8.3.4India
8.3.4.1Rising industrialization in India to drive the fuel additives market
Table 142India: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 143India: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 144India: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 145India: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 146India: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 147India: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 148India: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 149India: Fuel additives market size, by application, 2020-2025 (USD Million)
8.3.5Australia
8.3.5.1Growing demand from mining and construction industries to drive the market
Table 150Australia: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 151Australia: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 152Australia: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 153Australia: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 154Australia: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 155Australia: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 156Australia: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 157Australia: Fuel additives market size, by application, 2020-2025 (USD Million)
8.3.6South Korea
8.3.6.1The automotive and marine industries are propelling the market growth in South Korea
Table 158South Korea: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 159South Korea: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 160South Korea: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 161South Korea: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 162South Korea: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 163South Korea: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 164South Korea: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 165South Korea: Fuel additives market size, by application, 2020-2025 (USD Million)
8.4Europe
8.4.1Impact of COVID-19 on Europe fuel additives market
Figure 33Europe: Fuel additives market snapshot
Table 166Europe: Fuel additives market size, by country, 2016-2019 (Kiloton)
Table 167Europe: Fuel additives market size, by country, 2020-2025 (Kiloton)
Table 168Europe: Fuel additives market size, by country, 2016-2019 (USD Million)
Table 169Europe: Fuel additives market size, by country, 2020-2025 (USD Million)
Table 170Europe: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 171Europe: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 172Europe: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 173Europe: Fuel additives market size, by application, 2020-2025 (USD Million)
Table 174Europe: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 175Europe: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 176Europe: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 177Europe: Fuel additives market size, by type, 2020-2025 (USD Million)
8.4.2Germany
8.4.2.1Rising government expenditure on manufacturing sector acts as an opportunity for the fuel additives market
Table 178Germany: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 179Germany: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 180Germany: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 181Germany: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 182Germany: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 183Germany: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 184Germany: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 185Germany: Fuel additives market size, by application, 2020-2025 (USD Million)
8.4.3UK
8.4.3.1Stringent environmental norms are one of the major drivers for the UK market
Table 186UK: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 187UK: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 188UK: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 189UK: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 190UK: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 191UK: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 192UK: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 193UK: Fuel additives market size, by application, 2020-2025 (USD Million)
8.4.4France
8.4.4.1Increasing requirement from the aviation industry to drive the demand
Table 194France: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 195France: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 196France: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 197France: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 198France: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 199France: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 200France: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 201France: Fuel additives market size, by application, 2020-2025 (USD Million)
8.4.5Italy
8.4.5.1Growth in the automotive industry is propelling the market growth in Italy
Table 202Italy: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 203Italy: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 204Italy: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 205Italy: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 206Italy: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 207Italy: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 208Italy: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 209Italy: Fuel additives market size, by application, 2020-2025 (USD Million)
8.4.6Russia
8.4.6.1Well-established oil & gas industry is expected to augment the demand for fuel additives in Russia
Table 210Russia: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 211Russia: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 212Russia: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 213Russia: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 214Russia: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 215Russia: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 216Russia: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 217Russia: Fuel additives market size, by application, 2020-2025 (USD Million)
8.5Middle East & Africa
8.5.1Impact of COVID-19 on Middle East & Africa fuel additives market
Table 218Middle East & Africa: Fuel additives market size, by country, 2016-2019 (Kiloton)
Table 219Middle East & Africa: Fuel additives market size, by country, 2020-2025 (Kiloton)
Table 220Middle East & Africa: Fuel additives market size, by country, 2016-2019 (USD Million)
Table 221Middle East & Africa: Fuel additives market size, by country, 2020-2025 (USD Million)
Table 222Middle East & Africa: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 223Middle East & Africa: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 224Middle East & Africa: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 225Middle East: Fuel additives market size, by application, 2020-2025 (USD Million)
Table 226Middle East & Africa: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 227Middle East & Africa: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 228Middle East & Africa: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 229Middle East & Africa: Fuel additives market size, by type, 2020-2025 (USD Million)
8.5.2Saudi Arabia
8.5.2.1Saudi Arabia is the largest fuel additives market in the Middle East & Africa
Table 230Saudi Arabia: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 231Saudi Arabia: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 232Saudi Arabia: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 233Saudi Arabia: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 234Saudi Arabia: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 235Saudi Arabia: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 236Saudi Arabia: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 237Saudi Arabia: Fuel additives market size, by application, 2020-2025 (USD Million)
8.5.3South Africa
8.5.3.1Demand from transportation to generate demand for fuel additives in South Africa
Table 238South Africa: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 239South Africa: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 240South Africa: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 241South Africa: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 242South Africa: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 243South Africa: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 244South Africa: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 245South Africa: Fuel additives market size, by application, 2020-2025 (USD Million)
8.5.4UAE
8.5.4.1The Fuel additives market in the UAE is influenced by the increasing demand from the industrial sector
Table 246UAE: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 247UAE: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 248UAE: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 249UAE: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 250UAE: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 251UAE Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 252UAE: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 253UAE: Fuel additives market size, by application, 2020-2025 (USD Million)
8.5.5Iran
8.5.5.1Iran is the second-largest region in the Middle East & African fuel additives market
Table 254Iran: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 255Iran: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 256Iran: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 257Iran: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 258Iran: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 259Iran: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 260Iran: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 261Iran: Fuel additives market size, by application, 2020-2025 (USD Million)
8.6South America
8.6.1Impact of COVID-19 on South America fuel additives market
Table 262South America: Fuel additives market size, by country, 2016-2019 (Kiloton)
Table 263South America: Fuel additives market size, by country, 2020-2025 (Kiloton)
Table 264South America: Fuel additives market size, by country, 2016-2019 (USD Million)
Table 265South America: Fuel additives market size, by country, 2020-2025 (USD Million)
Table 266South America: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 267South America: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 268South America: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 269South America: Fuel additives market size, by application, 2020-2025 (USD Million)
Table 270South America: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 271South America: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 272South America: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 273South America: Fuel additives market size, by type, 2020-2025 (USD Million)
8.6.2Brazil
8.6.2.1Brazil is the largest fuel additives market in South America
Table 274Brazil: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 275Brazil: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 276Brazil: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 277Brazil: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 278Brazil: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 279Brazil: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 280Brazil: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 281Brazil: Fuel additives market size, by application, 2020-2025 (USD Million)
8.6.3Venezuela
8.6.3.1The marine industry is propelling the fuel additives market in Venezuela
Table 282Venezuela: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 283Venezuela: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 284Venezuela: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 285Venezuela: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 286Venezuela: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 287Venezuela: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 288Venezuela: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 289Venezuela: Fuel additives market size, by application, 2020-2025 (USD Million)
8.6.4Argentina
8.6.4.1Rising vehicle sale is likely to drive the market
Table 290Argentina: Fuel additives market size, by type, 2016-2019 (Kiloton)
Table 291Argentina: Fuel additives market size, by type, 2020-2025 (Kiloton)
Table 292Argentina: Fuel additives market size, by type, 2016-2019 (USD Million)
Table 293Argentina: Fuel additives market size, by type, 2020-2025 (USD Million)
Table 294Argentina: Fuel additives market size, by application, 2016-2019 (Kiloton)
Table 295Argentina: Fuel additives market size, by application, 2020-2025 (Kiloton)
Table 296Argentina: Fuel additives market size, by application, 2016-2019 (USD Million)
Table 297Argentina: Fuel additives market size, by application, 2020-2025 (USD Million)
9COMPETITIVE LANDSCAPE (Page No. - 205)
9.1Introduction
9.2Competitive Leadership Mapping, Tier 1 Companies
9.2.1Visionary leaders
9.2.2Dynamic differentiators
9.2.3Innovators
Figure 34Fuel additives market competitive leadership mapping, 2019
9.3Strength of Product Portfolio
Figure 35Product portfolio analysis of top players in fuel additives market
9.4Business Strategy Excellence
Figure 36Business strategy excellence of top players in fuel additives market
9.5Competitive Leadership Mapping (Small and Medium-Sized Enterprises)
9.5.1Progressive companies
9.5.2Responsive companies
9.5.3Dynamic companies
9.5.4Starting blocks
Figure 37Fuel additive market (small and medium-sized enterprises) competitive leadership mapping, 2019
9.6Strength of Product Portfolio
Figure 38Product portfolio analysis of top players in fuel additive market (small and medium-sized enterprises)
9.7Business Strategy Excellence
Figure 39Business strategy excellence of top players in fuel additive market (small and medium-sized enterprises)
Figure 40New product launch and acquisition were the major strategies between 2016 and 2020
9.8Market Share Analysis
Figure 41Fuel additives market share, by company, 2019
9.8.1AFTON CHEMICAL CORPORATION
9.8.2INNOSPEC INC.
9.8.3THE LUBRIZOL CORPORATION
9.9Competitive Scenario
9.9.1New product launch
Table 298New product launch, 2016-2020
9.9.2Acquisition
Table 299Acquisition, 2016-2020
9.9.3Expansion
Table 300Expansion, 2016-2020
10COMPANY PROFILES (Page No. - 216)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1INNOSPEC INC.
Figure 42INNOSPEC INC.: Company snapshot
Figure 43INNOSPEC INC.: Winning imperatives
10.2CHEVRON ORONITE COMPANY LLC
Figure 44CHEVRON ORONITE COMPANY LLC: Winning imperatives
10.3THE LUBRIZOL CORPORATION
Figure 45THE LUBRIZOL CORPORATIOn: Winning imperatives
10.4AFTON CHEMICAL CORPORATION
Figure 46AFTON CHEMICAL CORPORATION: Winning imperatives
10.5EVONIK INDUSTRIES AG
Figure 47EVONIK INDUSTRIES AG: Company snapshot
Figure 48EVONIK INDUSTRIES AG: Winning imperatives
10.6BASF SE
Figure 49BASF SE: Company snapshot
10.7LANXESS
Figure 50LANXESS: Company snapshot
10.8DORF KETAL CHEMICALS
10.9INFINEUM INTERNATIONAL LIMITED
10.10CUMMINS INC.
Figure 51CUMMINS INC.: Company snapshot
10.11CERION LLC
10.12OTHER KEY MARKET PLAYERS
10.12.1TOTAL SA
10.12.2BAKER HUGHES, A GE COMPANY LLC.
10.12.3CLARIANT AG
10.12.4CRODA INTERNATIONAL PLC
10.12.5ENI SPA
10.12.6QATAR FUEL ADDITIVES COMPANY (QAFAC)
10.12.7SOLVAY
10.12.8HUNTSMAN CORPORATION
10.12.9THE DOW CHEMICAL COMPANY
10.12.10EASTMAN CHEMICAL CORPORATION
10.12.11THE ARMOR ALL/STP PRODUCTS COMPANY, A SPECTRUM BRANDS COMPANY
10.12.12IFTEX OIL & CHEMICALS LTD
10.12.13EASTERN PETROLEUM
10.12.14LUCAS OIL PRODUCTS, INC.
10.12.15THE CHEMOURS COMPANY
*details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
11ADJACENT & RELATED REPORTS (Page No. - 242)
11.1Introduction
11.2Limitations
11.3Fuel Additives Ecosystem
11.4Process Oil Market
11.4.1Market definition
11.4.2Market overview
11.4.2.1Growing tire manufacturing industry across the globe
11.4.3Process oil market, by type
Table 301Process oil market, by type, 2016-2023 (USD Million)
Table 302Process oil market, by type, 2016-2023 (Kiloton)
11.4.4Process oil market, by application
Table 303Process oil market, by application, 2016-2023 (USD Million)
Table 304Process oil market, by application, 2016-2023 (Kiloton)
11.4.5Process oil market, by region
Table 305Process oil market, by region, 2016-2023 (USD Million)
Table 306Process oil market, by region, 2016-2023 (Kiloton)
11.5Fatty amines market
11.5.1Market definition
11.5.2Market overview
11.5.2.1Increasing demand from the agriculture sector
11.5.3Fatty amines market, by type
Table 307Fatty amines market size, by type, 2017-2024 (USD Million)
Table 308Fatty amines market size, by type, 2017-2024 (Kiloton)
11.5.4Fatty amines market, by end-use
Table 309Fatty amines market size, by end use, 2017-2024 (USD Million)
Table 310Fatty amines market size, by end use, 2017-2024 (Kiloton)
11.5.5Fatty amines market, by function
Table 311Fatty amines market size, by function, 2017-2024 (USD Million)
Table 312Fatty amines market size, by function, 2017-2024 (Kiloton)
11.5.6Fatty amines market, by region
Table 313Fatty amines market size, by region, 2017-2024 (USD Million)
Table 314Fatty amines market size, by region, 2017-2024 (Kiloton)
12APPENDIX (Page No. - 252)
12.1Discussion Guide
12.2Knowledge Store: MarketsandMarkets Subscription Portal
12.3Available Customizations
12.4Related Reports
12.5Author Details

The study involved four major activities in estimating the market size for fuel additives. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and sub-segments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Primary Research

The fuel additives market comprises several stakeholders such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the automotive industry. The supply side is characterized by advancements in technology and diverse application segments. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown Of Primary Participants

Fuel Additives Market Size

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the fuel additives market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry were identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the automotive industry.

Report Objectives

  • To analyze and forecast the size of the fuel additives market, in terms of value and volume
  • To provide detailed information regarding key factors such as drivers, restraints, and opportunities influencing the growth of the market
  • To define, describe, and segment the fuel additives market on the basis of type and application
  • To forecast the size of the market segments for regions such as Asia Pacific (APAC), North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To analyze competitive developments such as expansion, new product launch, and acquisition in the market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Fuel Additives Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Fuel Additives Market

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