Fuel Additives Market: By Product Type (Deposit Control Additives, Cetane Improvers, Antioxidants, Dyes & Markers, Lubricity Improvers, Cold flow Improvers, Stability Improvers, Corrosion Inhibitors, Octane Improvers, Anti-icing), By Application (Diesel, Gasoline, Aviation), and Geography  

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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.

Fuel Additives Market Key Developments:
  • On May 23, 2022, NYK and Nippon Yuka Kogyo Co., Ltd, have jointly developed a new fuel-oil additive effective in dispersing sludge & reduce the fule consumption in very low sulfur fuel oil |VLSFO. The companies have been researching the properties of VLSFO as one of the measures to comply with SOx emission requirements & in 2019 developed sludge dispersing fuel oil additive Yunic 800 VLS.  
  • On March 09, 2022, Innospec, Inc., expands it's customer technical support with new fuel technology center in Ellesmere Port, UK. With this new technology center, the company will offer first class support and fuel treatment solutions to customers which improve efficiency, boost engine performance and reduce harmful emissions.

Fuel Additives Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.8%

Largest Market

North America

Fastest Growing Market

Europe
Fuel Additives Market Dynamics

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

Key Features of the Reports

  • The report provides granular level information about the market size, country market share, historic market and forecast.
  • The report covers in-detail insights about the competitors overview, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Fuel Additives Market Segmentation

Product Type
  • Deposit Control Additives
  • Cetane Improvers
  • Antioxidants
  • Dyes & Markers
  • Lubricity Improvers
  • Cold flow Improvers
  • Stability Improvers
  • Corrosion Inhibitors
  • Octane Improvers
  • Anti-icing
  • Others
Application
  • Diesel
  • Gasoline
  • Aviation
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

 

Frequently Asked Questions

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 
  • Afton Chemical
  • Ashland Global Specialty Chemicals Inc.
  • BASF SE
  • BRB International BV
  • Chevron Oronite Company LLC
  • Clariant AG
  • Croda International PLC
  • Cummins Filtration Inc.
  • Eastman Chemical Company
  • Evonik Industries AG
  • Huntsman Corp.
  • Infineum International Ltd.
  • Innospec Inc.
  • Linde PLC
  • Shin-Etsu Chemical Co. Ltd.
  • Solvay SA
  • The Chemours Company
  • The Lubrizol Corp.
  • Wacker Chemie AG
  • Zschimmer & Schwarz Chemie GmbH

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