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 2023
[161 Pages Report] The fuel additives market size is projected to reach USD 8.7 billion by 2023, at a CAGR of 3.1% between 2018 and 2023. 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.
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.
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.
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.
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.
Key Questions Addressed by the Report
- 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?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Regions Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 30)
4.1 Significant Opportunities in the Fuel Additives Market
4.2 Fuel Additives Market Size, By Region
4.3 North America Fuel Additives Market, By Application And Country
4.4 Fuel Additives Market Size, By Type
4.5 Fuel Additives Market Attractiveness
4.6 Fuel Additives Market Size, By Application And Region
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Stringent Governmental Regulations
5.2.1.2 Growing Automotive Industry
5.2.1.3 Degrading Quality of Crude Oil
5.2.2 Restraints
5.2.2.1 Rise in Demand for Alternate Fuels
5.2.2.2 Huge Investment in R&D
5.2.3 Opportunities
5.2.3.1 Increase in Demand for Ultra-Low Sulfur Diesel (Ulsd)
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Industry Outlook
5.4.1 Automotive Industry
6 Fuel Additives Market, By Type (Page No. - 40)
6.1 Introduction
6.2 Deposit Control
6.2.1 Deposit Control Additive to Dominate Overall Fuel Additives Market
6.3 Cetane Improvers
6.3.1 Increasing Demand From Diesel Application Drives the Cetane Improvers Market
6.4 Lubricity Improvers
6.4.1 Necessity to Reduce Sulfur Content in Fuels is Expected to Drive the Market
6.5 Cold Flow Improvers
6.5.1 Increased Demand From Manufacturing Industry Driving the Market for Cold Flow Improvers
6.6 Stability Improvers
6.6.1 High Demand From APAC is Driving the Stability Improver Additives Market
6.7 Octane Improvers
6.7.1 Rising Emission Control Regulations is Driving the Octane Improvers Market
6.8 Corrosion Inhibitors
6.8.1 Strong Awareness Regarding the Advantages of Corrosion Inhibitors Driving the Market
6.9 Anti-Icing Additives
6.9.1 Growing Aviation Industry is Driving the Anti-Icing Additives Market
6.1 Dyes & Markers
6.10.1 Demand for Pure And Quality Fuel to Drive the Dyes & Markers Market
6.11 Others
7 Fuel Additives Market, By Application (Page No. - 57)
7.1 Introduction
7.2 Diesel
7.2.1 High Consumption in APAC And Europe to Drive the Market
7.3 Gasoline
7.3.1 Demand From North America is Expected to Drive the Market in Gasoline Application
7.4 Aviation Fuel
7.4.1 High Consumption of Aviation Fuel in Developed Nations is Driving the Market
7.5 Others
8 Fuel Additives Market, By Region (Page No. - 65)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Growth of the Transportation Industry is Likely to Affect the Fuel Additives Market in the Us Positively
8.2.2 Canada
8.2.2.1 The Aviation Industry Will Boost the Demand for Fuel Additives in Canada
8.2.3 Mexico
8.2.3.1 Rising Industrialization is Likely to Propel the Fuel Additives Market Growth
8.3 APAC
8.3.1 China
8.3.1.1 The Countrys Economic Growth is A Major Driver for the Fuel Additives Market
8.3.2 Japan
8.3.2.1 Increased Vehicle Production And Sale Are Driving the Fuel Additives Market in Japan
8.3.3 India
8.3.3.1 Rising Industrialization in India to Drive the Fuel Additives Market
8.3.4 Australia
8.3.4.1 Growing Demand From Mining And Construction Industries to Drive the Market
8.3.5 South Korea
8.3.5.1 The Automotive And Marine Industries Are Propelling the Market Growth in South Korea
8.4 Europe
8.4.1 Germany
8.4.1.1 Rising Government Expenditure on Manufacturing Sector Acts as an Opportunity for the Fuel Additives Market
8.4.2 UK
8.4.2.1 Stringent Environmental Norms Are One of the Major Drivers for the UK Market
8.4.3 France
8.4.3.1 Increasing Requirement From the Aviation Industry to Drive the Demand
8.4.4 Italy
8.4.4.1 Growth in the Automotive Industry is Propelling the Market Growth in Italy
8.4.5 Russia
8.4.5.1 Well-Established Oil & Gas Industry is Expected to Augment the Demand for Fuel Additives in Russia
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.1.1 Saudi Arabia is the Largest Fuel Additives Market in the Middle East & Africa
8.5.2 South Africa
8.5.2.1 Growth in the Automotive Industry is Expected to Generate A Positive Impact on the Fuel Additives Market in South Africa
8.5.3 UAE
8.5.3.1 The Fuel Additives Market in the UAE is Influenced By the Increasing Demand for Transportation
8.5.4 Iran
8.5.4.1 Growing Demand From the Automotive Industry is Expected to Fuel the Market Growth
8.6 South America
8.6.1 Brazil
8.6.1.1 Brazil is the Largest Fuel Additives Market in South America
8.6.2 Venezuela
8.6.2.1 The Oil & Gas Industry is Propelling the Fuel Additives Market in Venezuela
8.6.3 Argentina
8.6.3.1 Rising Vehicle Sale is Likely to Drive the Market
9 Competitive Landscape (Page No. - 122)
9.1 Introduction
9.2 Competitive Leadership Mapping, Tier 1 Companies
9.2.1 Visionary Leaders
9.2.2 Dynamic Differentiators
9.2.3 Innovators
9.3 Strength of Product Portfolio
9.4 Business Strategy Excellence
9.5 Competitive Leadership Mapping (Small And Medium-Sized Enterprises)
9.5.1 Progressive Companies
9.5.2 Responsive Companies
9.5.3 Dynamic Companies
9.5.4 Starting Blocks
9.6 Strength of Product Portfolio
9.7 Business Strategy Excellence
9.8 Market Share Analysis
9.8.1 Afton Chemical Corporation
9.8.2 Innospec Inc.
9.8.3 The Lubrizol Corporation
9.9 Competitive Scenario
9.9.1 New Product Launch
9.9.2 Acquisition
9.9.3 Expansion
10 Company Profiles (Page No. - 133)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 Innospec Inc.
10.2 Chevron Oronite Company Llc
10.3 The Lubrizol Corporation
10.4 Afton Chemical Corporation
10.5 Evonik Industries AG
10.6 BASF SE
10.7 Lanxess
10.8 Dorf Ketal Chemicals
10.9 Infineum International Limited
10.10 Cummins Inc.
10.11 Cerion Llc
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
10.12 Other Key Market Players
10.12.1 Total Sa
10.12.2 Baker Hughes, A Ge Company Llc.
10.12.3 Clariant AG
10.12.4 Croda International Plc
10.12.5 Eni Spa
10.12.6 Qatar Fuel Additives Company (Qafac)
10.12.7 Solvay
10.12.8 Huntsman Corporation
10.12.9 The Dow Chemical Company
10.12.10 Eastman Chemical Corporation
10.12.11 The Armor All/Stp Products Company, A Spectrum Brands Company
10.12.12 Iftex Oil & Chemicals Ltd
10.12.13 Eastern Petroleum
10.12.14 Lucas Oil Products, Inc.
10.12.15 The Chemours Company
11 Appendix (Page No. - 155)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details
List of Tables (152 Tables)
Table 1 Sale of New Vehicles in Key Countries of APAC, 2017 (Units)
Table 2 Sale of New Vehicles in Key Countries of North America, 2017 (Units)
Table 3 Sale of New Vehicle in Key Countries of Europe (Units)
Table 4 Sale of New Vehicle in Key Countries of South America, 2017 (Units)
Table 5 Sale of New Vehicle in Key Countries of Middle East & Africa, 2017 (Units)
Table 6 Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 7 Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 8 Deposit Control Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 9 Deposit Control Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 10 Cetane Improver Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 11 Cetane Improver Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 12 Lubricity Improver Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 13 Lubricity Improver Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 14 Cold Flow Improver Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 15 Cold Flow Improver Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 16 Stability Improver Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 17 Stability Improver Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 18 Octane Improver Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 19 Octane Improver Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 20 Corrosion Inhibitors Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 21 Corrosion Inhibitors Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 22 Anti-Icing Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 23 Anti-Icing Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 24 Dyes & Markers Additives Market Size, By Region, 20162023 (Kiloton)
Table 25 Dyes & Markers Additives Market Size, By Region, 20162023 (USD Million)
Table 26 Other Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 27 Other Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 28 Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 29 Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 30 Fuel Additives Market Size in Diesel, By Region, 20162023 (Kiloton)
Table 31 Fuel Additives Market Size in Diesel, By Region, 20162023 (USD Million)
Table 32 Fuel Additives Market Size in Gasoline, By Region, 20162023 (Kiloton)
Table 33 Fuel Additives Market Size in Gasoline, By Region, 20162023 (USD Million)
Table 34 Fuel Additives Market Size in Aviation Fuel, By Region, 20162023 (Kiloton)
Table 35 Fuel Additives Market Size in Aviation Fuel, By Region, 20162023 (USD Million)
Table 36 Fuel Additives Market Size in Other Applications, By Region, 20162023 (Kiloton)
Table 37 Fuel Additives Market Size in Other Applications, By Region, 20162023 (USD Million)
Table 38 Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 39 Fuel Additives Market Size, By Region, 20162023 (USD Million)
Table 40 North America: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 41 North America: Fuel Additives Market Size, By Country, 20162023 (USD Million)
Table 42 North America: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 43 North America: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 44 North America: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 45 North America: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 46 US: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 47 US: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 48 US: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 49 US: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 50 Canada: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 51 Canada: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 52 Canada: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 53 Canada: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 54 Mexico: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 55 Mexico: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 56 Mexico: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 57 Mexico: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 58 APAC: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 59 APAC: Fuel Additives Market Size, By Country, 20162023 (USD Million)
Table 60 APAC: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 61 APAC: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 62 APAC: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 63 APAC: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 64 China: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 65 China: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 66 China: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 67 China: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 68 Japan: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 69 Japan: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 70 Japan: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 71 Japan: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 72 India: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 73 India: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 74 India: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 75 India: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 76 Australia: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 77 Australia: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 78 Australia: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 79 Australia: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 80 South Korea: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 81 South Korea: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 82 South Korea: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 83 South Korea: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 84 Europe: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 85 Europe: Fuel Additives Market Size, By Country, 20162023 (USD Million)
Table 86 Europe: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 87 Europe: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 88 Europe: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 89 Europe: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 90 Germany: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 91 Germany: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 92 Germany: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 93 Germany: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 94 UK: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 95 UK: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 96 UK: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 97 UK: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 98 France: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 99 France: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 100 France: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 101 France: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 102 Italy: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 103 Italy: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 104 Italy: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 105 Italy: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 106 Russia: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 107 Russia: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 108 Russia: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 109 Russia: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 110 Middle East & Africa: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 111 Middle East & Africa: Fuel Additives Market Size, By Country, 20162023 (USD Million)
Table 112 Middle East & Africa: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 113 Middle East & Africa: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 114 Middle East & Africa: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 115 Middle East & Africa: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 116 Saudi Arabia: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 117 Saudi Arabia: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 118 Saudi Arabia: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 119 Saudi Arabia: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 120 South Africa: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 121 South Africa: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 122 South Africa: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 123 South Africa: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 124 UAE: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 125 UAE: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 126 UAE: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 127 UAE: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 128 Iran: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 129 Iran: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 130 Iran: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 131 Iran: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 132 South America: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 133 South America: Fuel Additives Market Size, By Country, 20162023 (USD Million)
Table 134 South America: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 135 South America: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 136 South America: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 137 South America: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 138 Brazil: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 139 Brazil: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 140 Brazil: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 141 Brazil: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 142 Venezuela: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 143 Venezuela: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 144 Venezuela: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 145 Venezuela: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 146 Argentina: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 147 Argentina: Fuel Additives Market Size, By Type, 20162023 (USD Million)
Table 148 Argentina: Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 149 Argentina: Fuel Additives Market Size, By Application, 20162023 (USD Million)
Table 150 New Product Launch, 20162019
Table 151 Acquisition, 20162019
Table 152 Expansion, 20162019
List of Figures (47 Figures)
Figure 1 Fuel Additives Market Segmentation
Figure 2 Fuel Additives Market: Research Design
Figure 3 Fuel Additives Market: Data Triangulation
Figure 4 Deposit Control to Be the Largest Type of Fuel Additives
Figure 5 Gasoline to Be the Fastest-Growing Application of Fuel Additives
Figure 6 North America Accounted for the Largest Share of Fuel Additives Market in 2017
Figure 7 High Growth Expected in Developing Economies During Forecast Period
Figure 8 North America to Be the Largest Fuel Additives Market During Forecast Period
Figure 9 US Accounted for Largest Share of North American Fuel Additives Market in 2017
Figure 10 Deposits Control Segment to Account for the Largest Market Share
Figure 11 India to Drive APAC Fuel Additives Market During the Forecast Period
Figure 12 Diesel Was the Largest Application of Fuel Additives in 2017
Figure 13 Overview of Factors Governing the Fuel Additives Market
Figure 14 Fuel Additives Market: Porters Five Forces Analysis
Figure 15 Deposit Control to Be Largest Fuel Additive During Forecast Period
Figure 16 North America to Be Largest Deposit Control Fuel Additives Market
Figure 17 APAC to Be the Largest Cetane Improver Fuel Additives Market During Forecast Period
Figure 18 APAC to Be Largest Lubricity Improver Fuel Additives Market During Forecast Period
Figure 19 North America to Be Largest Cold Flow Improvers Market During Forecast Period
Figure 20 APAC to Be Largest Stability Improver Additives Market During Forecast Period
Figure 21 North America to Be Largest Octane Improvers Market During Forecast Period
Figure 22 North America to Be Largest Corrosion Inhibitors Market During Forecast Period
Figure 23 North America to Be Largest Anti-Icing Additives Market During Forecast Period
Figure 24 APAC to Be Largest Dyes & Markers Additives Market During Forecast Period
Figure 25 North America to Be Largest Market for Other Fuel Additives Segment During Forecast Period
Figure 26 Diesel Fuel to Be the Largest Application of Fuel Additives During Forecast Period
Figure 27 APAC to Be the Largest Fuel Additives Market in Diesel Application
Figure 28 North America to Be Largest Fuel Additives Market in Gasoline Application During Forecast Period
Figure 29 North America to Be the Fuel Additives Market in Aviation Fuel Application During Forecast Period
Figure 30 APAC to Be Largest Fuel Additives Market in Other Applications
Figure 31 APAC to Be the Fastest-Growing Fuel Additives Market
Figure 32 North America: Fuel Additives Market Snapshot
Figure 33 APAC: Fuel Additives Market Snapshot
Figure 34 Europe: Fuel Additives Market Snapshot
Figure 35 Fuel Additives Market Competitive Leadership Mapping, 2017
Figure 36 Fuel Additive Market (Small And Medium-Sized Enterprises) Competitive Leadership Mapping, 2017
Figure 37 New Product Launch And Acquisition Were the Major Strategies Between 2016 And 2019
Figure 38 Fuel Additives Market Share, By Company, 2017
Figure 39 Innospec Inc.: Company Snapshot
Figure 40 Innospec Inc.: SWOT Analysis
Figure 41 The Lubrizol Corporation: SWOT Analysis
Figure 42 Afton Chemical Corporation: SWOT Analysis
Figure 43 Evonik Industries AG: Company Snapshot
Figure 44 Evonik Industries AG: SWOT Analysis
Figure 45 BASF SE: Company Snapshot
Figure 46 Lanxess: Company Snapshot
Figure 47 Cummins Inc.: Company Snapshot
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.
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 industrys 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
Scope of the Report
|
Report Metric |
Details |
|
Years considered for the study |
20162023 |
|
Base year considered |
2017 |
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Forecast period |
20182023 |
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Units considered |
Value (USD Million), Volume (Kiloton) |
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Segments covered |
Type, Application, and Region |
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Regions covered |
APAC, North America, Europe, Middle East & Africa, and South America |
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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
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the companys 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)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Fuel Additives Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Fuel Additives Market