- Deposit Control Additives
- Cetane Improvers
- Antioxidants
- Dyes & Markers
- Lubricity Improvers
- Cold flow Improvers
- Stability Improvers
- Corrosion Inhibitors
- Octane Improvers
- Anti-icing
- Others
Fuel Additives Market size was valued at USD 6.6 Bn in 2022, growing at a CAGR of 3.8% from 2023-2029. The fuel additives enhance the performance of engine for flexible use of vehicles. In seasonal variations, problems of fuel freezing, anti-knocking, corrosion is observed in the vehicles. The need for the fuel additives increased the demand in the application industries. Fuel additives should be used in small concentrations only. It is available in small ppm and several thousand ppm. The additives used should not affect other fuel components and quality of fuel. Fuel additives functions as Anti freezing agents, Anti Knocking agents, Anti- Oxidants, biocides, Anti valve additives and so on.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Fuel additives aid in minimizing emissions and enhancing the performance of the vehicle. Environmental concerns related to depletion of resources are creating considerable demand for fuel additives. Subsequently, public health concerns and environmental effects of the additives also come into consideration. As a result, the US Environmental Protection Agency (EPA) enacted Clean Air Act, focusing on the impacts of the fuel additives (both gasoline and diesel), which mandates the registration of fuel additives used in the automotive industry. Governments across the globe are also currently focusing on enhancing fuel economy as per the Corporate Average Fuel Economy (CAFE) standards. Such a shift in focus has further increased the importance of fuel additives. However, growing development of hybrid engines, as well as plug-in electric vehicles in developed economies are acting as hurdles for the growth of the diesel fuel additives market
The CAGR of the fuel additives market is 3.8% over the forecast period (2023 - 2029)
Afton Chemical Corporation, BASF SE, Chevron Corporation,Evonik Industries
The Europe is the fastest-growing region for the fuel additives market
1.Executive Summary |
2.Global Fuel Additives Market Introduction |
2.1.Global Fuel Additives Market - Taxonomy |
2.2.Global Fuel Additives Market - Definitions |
2.2.1.Product Type |
2.2.2. Application |
2.2.3.Region |
3.Global Fuel Additives Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Fuel Additives Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Fuel Additives Market By Product Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Deposit Control Additives |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Cetane Improvers |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Antioxidants |
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Dyes & Markers |
5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Lubricity Improvers |
5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Cold flow Improvers |
5.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Stability Improvers |
5.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Corrosion Inhibitors |
5.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
5.9. Octane Improvers |
5.9.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.9.3. Market Opportunity Analysis |
5.10. Anti-icing |
5.10.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.10.3. Market Opportunity Analysis |
6.Global Fuel Additives Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Diesel |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Gasoline |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Aviation |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Fuel Additives Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Fuel Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Deposit Control Additives |
8.1.2.Cetane Improvers |
8.1.3.Antioxidants |
8.1.4.Dyes & Markers |
8.1.5.Lubricity Improvers |
8.1.6.Cold flow Improvers |
8.1.7.Stability Improvers |
8.1.8.Corrosion Inhibitors |
8.1.9.Octane Improvers |
8.1.10.Anti-icing |
8.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Diesel |
8.2.2.Gasoline |
8.2.3.Aviation |
8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Fuel Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Deposit Control Additives |
9.1.2.Cetane Improvers |
9.1.3.Antioxidants |
9.1.4.Dyes & Markers |
9.1.5.Lubricity Improvers |
9.1.6.Cold flow Improvers |
9.1.7.Stability Improvers |
9.1.8.Corrosion Inhibitors |
9.1.9.Octane Improvers |
9.1.10.Anti-icing |
9.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Diesel |
9.2.2.Gasoline |
9.2.3.Aviation |
9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
10.Asia Pacific (APAC) Fuel Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Deposit Control Additives |
10.1.2.Cetane Improvers |
10.1.3.Antioxidants |
10.1.4.Dyes & Markers |
10.1.5.Lubricity Improvers |
10.1.6.Cold flow Improvers |
10.1.7.Stability Improvers |
10.1.8.Corrosion Inhibitors |
10.1.9.Octane Improvers |
10.1.10.Anti-icing |
10.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Diesel |
10.2.2.Gasoline |
10.2.3.Aviation |
10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Fuel Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Deposit Control Additives |
11.1.2.Cetane Improvers |
11.1.3.Antioxidants |
11.1.4.Dyes & Markers |
11.1.5.Lubricity Improvers |
11.1.6.Cold flow Improvers |
11.1.7.Stability Improvers |
11.1.8.Corrosion Inhibitors |
11.1.9.Octane Improvers |
11.1.10.Anti-icing |
11.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Diesel |
11.2.2.Gasoline |
11.2.3.Aviation |
11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Fuel Additives Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Deposit Control Additives |
12.1.2.Cetane Improvers |
12.1.3.Antioxidants |
12.1.4.Dyes & Markers |
12.1.5.Lubricity Improvers |
12.1.6.Cold flow Improvers |
12.1.7.Stability Improvers |
12.1.8.Corrosion Inhibitors |
12.1.9.Octane Improvers |
12.1.10.Anti-icing |
12.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Diesel |
12.2.2.Gasoline |
12.2.3.Aviation |
12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Afton Chemical |
13.2.2.Ashland Global Specialty Chemicals Inc. |
13.2.3.BASF SE |
13.2.4.BRB International BV |
13.2.5.Chevron Oronite Company LLC |
13.2.6.Clariant AG |
13.2.7.Croda International PLC |
13.2.8.Cummins Filtration Inc. |
13.2.9.Eastman Chemical Company |
13.2.10.Evonik Industries AG |
13.2.11.Huntsman Corp. |
13.2.12.Infineum International Ltd. |
13.2.13.Innospec Inc. |
13.2.14.Linde PLC |
13.2.15.Shin-Etsu Chemical Co. Ltd. |
13.2.16.Solvay SA |
13.2.17.The Chemours Company |
13.2.18.The Lubrizol Corp. |
13.2.19.Wacker Chemie AG |
13.2.20.Zschimmer & Schwarz Chemie GmbH |
14. Research Methodology |
15. Appendix and Abbreviations |