Asia Pacific Fuel Additives Market worth $2.53 billion by 2030
The report "Asia Pacific Fuel Additives Market by Type (Deposit Control Additives, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel), and Country - Forecast to 2030" is projected to grow from USD 2.00 billion in 2025 and to reach USD 2.53 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 4.85% during the forecast period.
Browse 120 market data Tables and 50 Figures spread through 190 Pages and in-depth TOC on "Asia Pacific Fuel Additives Market by Type (Deposit Control Additives, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel), and Country - Forecast to 2030"
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The growth in the Asia Pacific fuel additives market is supported by the development of transportation and logistics, the increasing number of automobiles, and the rising fuel consumption in the region’s leading economies, such as China, India, and Japan, as well as Southeast Asian countries. More stringent government policies on emissions are compelling refining and fuel distributors to incorporate superior additive compositions. Moreover, growing industrialization, increased maritime and air transport operations, and requirements to enhance performance and fuel efficiency in vehicles are propelling the adoption of fuel additives in the region.
By application, the gasoline segment was the second-largest application of the Asia Pacific fuel additives market in 2024.
The gasoline segment was the second largest application in the Asia Pacific market for fuel additives in 2024. This is because of a massive population of urban commuters in the region, and the widespread use of gasoline-powered passenger cars in the Asian countries such as China, India, Japan, and South Korea. The rise in traffic congestion has fueled the demand for additives that can ensure the fuel's stability and prevent deposits. Also, the shift towards higher-octane and cleaner gasoline because of the tightening of emission regulations has spurred the growing adoption of functional additives such as performance improving and detergent additives. This has further increased the overall share of the gasoline segment.
By type, the cetane improvers accounted for the second-largest share of the Asia Pacific fuel additives market in 2024.
Cetane improvers accounted for the second-largest share in 2024 in the Asia Pacific fuel additives market. This region heavily relies on diesel-powered commercial vehicles, agricultural equipment, and industrial machinery that require improved combustion quality. Variation in the quality of diesel fuel among different developing economies increases demand for additives for ensuring stability in ignition performance. In addition, cetane enhancers are a preferred option due to critical operating conditions like high temperatures, heavy loads, and long-distance transportation.
India was the second-largest market for fuel additives in Asia Pacific, in terms of value, in 2024
India was the second major fuel additives market in Asia Pacific during 2024. The country's huge and increasing fuel consumption by passenger vehicles, commercial transport, and industrial machinery propels the market. Moreover, a growing demand for cleaner fuels, coupled with greater concern for engine efficiency and maintenance, has compelled refiners and distributors to adopt better additive solutions. The fast-growing automotive sector and different fuel usage patterns across regions strengthen the position of India in the regional market.
The key players profiled in the report include BASF SE (Germany), Afton Chemical Corporation (US), The Lubrizol Corporation (US), Evonik Industries AG (Germany), LANXESS AG (Germany), Infineum International Limited (UK), Clariant AG (Switzerland), Innospec Inc. (US), Chevron Oronite Company LLC (US), and Dorf Ketal Chemicals LLC (India).
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