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
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Request NowThe fuel additives market size was USD 7,141.7 million in 2017 and is projected to reach USD 8,712.5 million by 2023, at a CAGR of 3.10% between 2018 and 2023. The growth of the fuel additives market is primarily triggered by the huge demand from end-use industries such as power generation, construction, manufacturing, and automotive in the APAC region. The liberalization of foreign trade and investments and change in industrial policies have triggered rapid industrialization in China over the past three decades. This is contributing to the increasing demand for fuel additives in the region.
Deposit control additives segment is projected to be the largest fuel additive type during the forecast period.
Deposit control additives accounted for the largest share in the fuel additives market as of 2017. The dominance of deposit control additives is mainly due to its high use to prevent deposit formation in the injector nozzle of engines. The use of deposit control additives also improves combustion and fuel economy and, hence, is widely used in various fuels.
Diesel to be the largest application segment during the forecast period.
Based on application,the fuel additives market is segmented into four applications, namely, Diesel, Gasoline, Aviation fuel and others. Diesel additives account for the maximum share of the overall fuel additives market. This dominance is attributed to the high consumption of diesel and the heavy dosage of additives in diesel to provide more efficiency and power.
North America to account for the largest share of the global fuel additives market during the forecast period
In this study, the fuel additives market is segmented into five major regions, namely, Asia-Pacific, Europe, North America, Middle East Asia & Africa, and South America. North America is the largest market for fuel additives. Globally, it has been leading the market with regard to demand as well as product innovation in terms of quality and application development. Due to stringent environmental regulations, the fuel additives industry is experiencing significant growth in the region. 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.
Market Dynamics
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.
Growing automotive industry
The automotive industry accounts for about 65% of the overall fuel additives market. 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.
Automobile sales amounted to 96.80 million units in 2017, which was 2.8 million units more compared to the previous year. The biggest growth in auto sales has been in APAC, specifically in India and China. China has become the largest car market in APAC. North America is also a huge market for automobiles. The total automotive sales in North America reached 25 million units in 2017. The increase in automotive sales increases the demand for gasoline and diesel and, consequently, drive the demand for fuel additives.
Huge investment in R&D
Fuel additives are added in small quantities to fuel. To be effective, the engineering needs to be done at the atomic level. The R&D cost in terms of man-hours, materials, and technology are extremely large. There are only limited elements that can be used in the manufacture of additives, and the resulting mixture has to guarantee minimum features under different conditions to be considered for testing. The product once identified for testing has to deliver fuel efficiency that not only has long term benefits, but also visible short term benefits. Not everybody has access to such technology, capital, and human expertise to manufacture an environmentally-friendly, efficient, and effective additive at a competitive price. This need for high R&D investment and technological expertise is a major restraining factor to 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
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) among others. They have adopted various strategies, including expansion, and new product developments & launches.
Major strategies identified in the global market include the following:
- Expansions
- New product launches
Key Questions Addressed by the Report
- Who are the major market players in the fuel additives market?
- What are the regional growth trends and the largest revenue-generating regions for the fuel additives market?
- Which are the significant regions for different industries that are projected to witness remarkable growth for the fuel additives market?
- What are the major types of fuel additives that are projected to gain maximum market revenue and share during the forecast period?
- Which is the major applications of fuel additives that will be accounting for the majority of the revenue over the forecast period?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction
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
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
4 Premium Insights
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
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
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
6.11.1 Pour Point Depressants
6.11.2 Conductivity Imporvers
6.12 Connected/Adjacent Market
6.12.1 Amines Market
6.12.2 Process Oil Market
6.12.3 Hexamethylenediamine Market
7 Fuel Additives Market, By Application
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
7.5.1 Marine Oil
7.5.2 Heating Oil
8 Fuel Additives Market, By End-Use Industry
8.1 Introduction
8.2 Transportation
8.2.1 Passenger Vehicle
8.2.2 Commercial Vehicle
8.2.3 Off-Highway Equipment
8.2.4 Aircraft
8.2.5 Marine Vessel
8.3 Oil & Gas Refinery
8.4 Industrial
8.4.1 Boiler
8.4.2 Power Plant
9 Fuel Additives Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Growth of the Transportation Industry is Likely to Affect the Fuel Additives Market in the US Positively
9.2.2 Canada
9.2.2.1 The Aviation Industry Will Boost the Demand for Fuel Additives in Canada
9.2.3 Mexico
9.2.3.1 Rising Industrialization is Likely to Propel the Fuel Additives Market Growth
9.3 APAC
9.3.1 China
9.3.1.1 The Countrys Economic Growth is A Major Driver for the Fuel Additives Market
9.3.2 Japan
9.3.2.1 Increased Vehicle Production and Sale are Driving the Fuel Additives Market in Japan
9.3.3 India
9.3.3.1 Rising Industrialization in India to Drive the Fuel Additives Market
9.3.4 Australia
9.3.4.1 Growing Demand From Mining and Construction Industries to Drive the Market
9.3.5 South Korea
9.3.5.1 The Automotive and Marine Industries are Propelling the Market Growth in South Korea
9.4 Europe
9.4.1 Germany
9.4.1.1 Rising Government Expenditure on Manufacturing Sector Acts as an Opportunity for the Fuel Additives Market
9.4.2 UK
9.4.2.1 Stringent Environmental Norms are One of the Major Drivers for the UK Market
9.4.3 France
9.4.3.1 Increasing Requirement From the Aviation Industry to Drive the Demand
9.4.4 Italy
9.4.4.1 Growth in the Automotive Industry is Propelling the Market Growth in Italy
9.4.5 Russia
9.4.5.1 Well-Established Oil & Gas Industry is Expected to Augment the Demand for Fuel Additives in Russia
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.1.1 Saudi Arabia is the Largest Fuel Additives Market in the Middle East & Africa
9.5.2 South Africa
9.5.2.1 Growth in the Automotive Industry is Expected to Generate A Positive Impact on the Fuel Additives Market in South Africa
9.5.3 UAE
9.5.3.1 The Fuel Additives Market in the UAE is Influenced By the Increasing Demand for Transportation
9.5.4 Iran
9.5.4.1 Growing Demand From the Automotive Industry is Expected to Fuel the Market Growth
9.6 South America
9.6.1 Brazil
9.6.1.1 Brazil is the Largest Fuel Additives Market in South America
9.6.2 Venezuela
9.6.2.1 The Oil & Gas Industry is Propelling the Fuel Additives Market in Venezuela
9.6.3 Argentina
9.6.3.1 Rising Vehicle Sale is Likely to Drive the Market
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping, Tier 1 Companies
10.2.1 Visionary Leaders
10.2.2 Dynamic Differentiators
10.2.3 Innovators
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Competitive Leadership Mapping (Small and Medium-Sized Enterprises)
10.5.1 Progressive Companies
10.5.2 Responsive Companies
10.5.3 Dynamic Companies
10.5.4 Starting Blocks
10.6 Strength of Product Portfolio
10.7 Business Strategy Excellence
10.8 Market Share Analysis
10.8.1 Afton Chemical Corporation
10.8.2 Innospec Inc.
10.8.3 The Lubrizol Corporation
10.9 Competitive Scenario
10.9.1 New Product Launch
10.9.2 Acquisition
10.9.3 Expansion
11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Innospec Inc.
11.2 Chevron Oronite Company LLC
11.3 The Lubrizol Corporation
11.4 Afton Chemical Corporation
11.5 Evonik Industries AG
11.6 BASF SE
11.7 LANXESS
11.8 Dorf Ketal Chemicals
11.9 Infineum International Limite
11.10 Cummins Inc.
11.11 Cerion LLC
11.12 Other Key Market Players
11.12.1 Total Sa
11.12.2 Baker Hughes, A Ge Company LLC
11.12.3 Clariant AG
11.12.4 Croda International Plc
11.12.5 Eni Spa
11.12.6 Qatar Fuel Additives Company (Qafac)
11.12.7 Solvay
11.12.8 Huntsman Corporation
11.12.9 The Dow Chemical Company
11.12.10 Eastman Chemical Corporation
11.12.11 The Armor All/Stp Products Company, A Spectrum Brands Company
11.12.12 Iftex Oil & Chemicals Ltd
11.12.13 Eastern Petroleum
11.12.14 Lucas Oil Products, Inc.
11.12.15 The Chemours Company
12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (200 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 Additive Market Size, By Type, 20162023 (USD Million)
Table 8 Deposit Control Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 9 Deposit Control Fuel Additive Market Size, By Region, 20162023 (USD Million)
Table 11 Cetane Improver Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 11 Cetane Improver Fuel Additive Market Size, By Region, 20162023 (USD Million)
Table 12 Lubricity Improver Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 13 Lubricity Improver Fuel Additive 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 Additive Market Size, By Region, 20162023 (USD Million)
Table 16 Stability Improver Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 17 Stability Improver Fuel Additive Market Size, By Region, 20162023 (USD Million)
Table 18 Octane Improver Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 19 Octane Improver Fuel Additive Market Size, By Region, 20162023 (USD Million)
Table 20 Corrosion Inhibitors Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 21 Corrosion Inhibitors Fuel Additive Market Size, By Region, 20162023 (USD Million)
Table 22 Anti-Icing Fuel Additives Market Size, By Region, 20162023 (Kiloton)
Table 23 Anti-Icing Fuel Additive 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 Additive Market Size, By Region, 20162023 (USD Million)
Table 28 Amines Market Size, By Type, 20162023 (Kiloton)
Table 29 Amines Market Size, By Type, 20162023 (USD Million)
Table 30 Ethanol Amines Market Size, By Region, 20162023 (Kiloton)
Table 31 Ethanol Amines Market Size, By Region, 20162023 (USD Million)
Table 32 Alkylamines Amines Market Size, By Region, 20162023 (Kiloton)
Table 33 Alkylamines Amines Market Size, By Region, 20162023 (USD Million)
Table 34 Fatty Amines Market Size, By Region, 20162023 (Kiloton)
Table 35 Fatty Amines Market Size, By Region, 20162023 (USD Million)
Table 36 Specialty Amines Market Size, By Region, 20162023 (Kiloton)
Table 37 Specialty Amines Market Size, By Region, 20162023 (USD Million)
Table 38 Ethyleneamines Market Size, By Region, 20162023 (Kiloton)
Table 39 Ethyleneamines Market Size, By Region, 20162023 (USD Million)
Table 40 Polyetheramine Market Size, By Type, 20162023 (Kiloton)
Table 41 Polyetheramine Market Size, By Type, 20162023 (USD Million)
Table 42 Monoamine Market Size, By Region, 20162023 (Kiloton)
Table 43 Monoamine Market Size, By Region, 20162023 (USD Million)
Table 44 Diamine Market Size, By Region, 20162023 (Kiloton)
Table 45 Diamine Market Size, By Region, 20162023 (USD Million)
Table 46 Triamine Market Size, By Region, 20162023 (Kiloton)
Table 47 Triamine Market Size, By Region, 20162023 (USD Million)
Table 48 Other Polyetheramine Market Size, By Region, 20162023 (Kiloton)
Table 49 Other Polyetheramine Market Size, By Region, 20162023 (USD Million)
Table 50 Process Oil Market Size, By Type, 20162023 (Kiloton)
Table 51 Process Oil Market Size, By Type, 20162023 (USD Million)
Table 52 Naphthenic Rocess Oil Market Size, By Region, 20162023 (Kiloton)
Table 53 Naphthenic Process Oil Market Size, By Region, 20162023 (USD Million)
Table 54 Paraffinic Rocess Oil Market Size, By Region, 20162023 (Kiloton)
Table 55 Paraffinic Process Oil Market Size, By Region, 20162023 (USD Million)
Table 56 Non-Carciogenic Rocess Oil Market Size, By Region, 20162023 (Kiloton)
Table 57 Non-Carciogenic Process Oil Market Size, By Region, 20162023 (USD Million)
Table 58 Aromatic Rocess Oil Market Size, By Region, 20162023 (Kiloton)
Table 59 Aromatic Process Oil Market Size, By Region, 20162023 (USD Million)
Table 60 Fuel Additives Market Size, By Application, 20162023 (Kiloton)
Table 61 Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 62 Fuel Additive Market Size in Diesel, By Region, 20162023 (Kiloton)
Table 63 Fuel Additive Market Size in Diesel, By Region, 20162023 (USD Million)
Table 64 Fuel Additive Market Size in Gasoline, By Region, 20162023 (Kiloton)
Table 65 Fuel Additive Market Size in Gasoline, By Region, 20162023 (USD Million)
Table 66 Fuel Additive Market Size in Aviation Fuel, By Region, 20162023 (Kiloton)
Table 67 Fuel Additive Market Size in Aviation Fuel, By Region, 20162023 (USD Million)
Table 68 Fuel Additive Market Size in Other Applications, By Region, 20162023 (Kiloton)
Table 69 Fuel Additive Market Size in Other Applications, By Region, 20162023 (USD Million)
Table 70 Fuel Additive Market Size, By End-Use Industry, By Region,20162023 (Kiloton)
Table 71 Fuel Additive Market Size, By End-Use Industry, By Region,20162023 (USD Million)
Table 72 Fuel Additive Market Size in Passenger Vehicle, By Region,20162023 (Kiloton)
Table 73 Fuel Additive Market Size in Passenger Vehicle, By Region,20162023 (USD Million)
Table 74 Fuel Additive Market Size in Commercial Vehicle, By Region,20162023 (Kiloton)
Table 75 Fuel Additive Market Size in Commercial Vehicle, By Region,20162023 (USD Million)
Table 76 Fuel Additive Market Size in Off-Highway Equipment, By Region,20162023 (Kiloton)
Table 77 Fuel Additive Market Size in Off-Highway Equipment, By Region,20162023 (USD Million)
Table 78 Fuel Additive Market Size in Aircraft, By Region, 20162023 (Kiloton)
Table 79 Fuel Additive Market Size in Aircraft, By Region, 20162023(USD Million)
Table 80 Fuel Additive Market Size in Marine Vessel, By Region, 20162023 (Kiloton)
Table 81 Fuel Additive Market Size in Marine Vessel, By Region, 20162023(USD Million)
Table 82 Fuel Additive Market Size in Oil & Gas Industry, By Region, 20162023 (Kiloton)
Table 83 Fuel Additive Market Size in Oil & Gas Industry, By Region, 20162023(USD Million)
Table 84 Fuel Additive Market Size in Industrial Application, By Region, 20162023 (Kiloton)
Table 85 Fuel Additive Market Size in Industrial Application, By Region, 20162023 (USD Million)
Table 86 Fuel Additive Market Size, By Region, 20162023 (Kiloton)
Table 87 Fuel Additive Market Size, By Region, 20162023 (USD Million)
Table 88 North America: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 89 North America: Fuel Additive Market Size, By Country, 20162023 (USD Million)
Table 90 North America: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 91 North America: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 92 North America: Fuel Additive Market Size, By Type, 20162023 (Kiloton)
Table 93 North America: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 94 US: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 95 US: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 96 US: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 97 US: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 98 Canada: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 99 Canada: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 100 Canada: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 101 Canada: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 102 Mexico: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 103 Mexico: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 104 Mexico: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 105 Mexico: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 106 APAC: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 107 APAC: Fuel Additive Market Size, By Country, 20162023 (USD Million)
Table 108 APAC: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 109 APAC: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 110 APAC: Fuel Additive Market Size, By Type, 20162023 (Kiloton)
Table 111 APAC: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 112 China: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 113 China: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 114 China: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 115 China: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 116 Japan: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 117 Japan: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 118 Japan: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 119 Japan: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 120 India: Fuel Additive Market Size, By Type, 20162023 (Kiloton)
Table 121 India: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 122 India: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 123 India: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 124 Australia: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 125 Australia: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 126 Australia: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 127 Australia: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 128 South Korea: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 129 South Korea: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 130 South Korea: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 131 South Korea: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 132 Europe: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 133 Europe: Fuel Additive Market Size, By Country, 20162023 (USD Million)
Table 134 Europe: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 135 Europe: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 136 Europe: Fuel Additive Market Size, By Type, 20162023 (Kiloton)
Table 137 Europe: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 138 Germany: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 139 Germany: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 140 Germany: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 141 Germany: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 142 UK: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 143 UK: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 144 UK: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 145 UK: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 146 France: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 147 France: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 148 France: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 149 France: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 150 Italy: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 151 Italy: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 152 Italy: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 153 Italy: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 154 Russia: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 155 Russia: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 156 Russia: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 157 Russia: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 158 Middle East & Africa: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 159 Middle East & Africa: Fuel Additive Market Size, By Country, 20162023 (USD Million)
Table 160 Middle East & Africa: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 161 Middle East & Africa: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 162 Middle East & Africa: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 163 Middle East & Africa: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 164 Saudi Arabia: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 165 Saudi Arabia: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 166 Saudi Arabia: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 167 Saudi Arabia: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 168 South Africa: Fuel Additive Market Size, By Type, 20162023 (Kiloton)
Table 169 South Africa: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 170 South Africa: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 171 South Africa: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 172 UAE: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 173 UAE: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 174 UAE: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 175 UAE: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 176 Iran: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 177 Iran: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 178 Iran: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 179 Iran: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 180 South America: Fuel Additives Market Size, By Country, 20162023 (Kiloton)
Table 181 South America: Fuel Additive Market Size, By Country, 20162023 (USD Million)
Table 182 South America: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 183 South America: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 184 South America: Fuel Additive Market Size, By Type, 20162023 (Kiloton)
Table 185 South America: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 186 Brazil: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 187 Brazil: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 188 Brazil: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 189 Brazil: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 190 Venezuela: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 191 Venezuela: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 192 Venezuela: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 193 Venezuela: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 194 Argentina: Fuel Additives Market Size, By Type, 20162023 (Kiloton)
Table 195 Argentina: Fuel Additive Market Size, By Type, 20162023 (USD Million)
Table 196 Argentina: Fuel Additive Market Size, By Application, 20162023 (Kiloton)
Table 197 Argentina: Fuel Additive Market Size, By Application, 20162023 (USD Million)
Table 198 New Product Launch, 20162019
Table 199 Acquisition, 20162019
Table 200 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
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
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