Fuel Additives Market
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The fuel additives market size is projected to grow at a CAGR 3.01% rate during the forecast period. Growth in automotive industry drives the demand for fuel additives. Increased production of passenger cars, light commercial vehicles, and heavy commercial vehicles led to increase in demand for gasoline and diesel and, consequently, drive the demand for fuel additives.
On the basis of type, deposit control segment is estimated to register a moderate CAGR, in terms of value. Other types of fuel additives include cetane improvers, lubricity improvers, octane improvers, stability improvers, cold flow improvers, and others. Growth in these applications is expected to drive the market.
By application, the market has been segmented into diesel, gasoline, aviation fuel, and others. The market is expected to be dominated by diesel segment. The dominance of the diesel segment is attributed to growing demand for diesel fuel additives due to increased consumption in APAC, North America, and Europe.
North America is estimated to be the largest market for fuel additives, in terms of value during the forecast period. Stringent environmental regulations is the reason for the dominance of North America market. 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 players in the market 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).
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?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Fuel Additives Market, By End-Use Industry
Oil & Gas Refinery
6. Fuel Additives Market, By Application
7. Fuel Additives Market, By Type
Cold Flow Improvers
Dyes & Markers
9. Fuel Additives Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
10. Company Profiles
Chevron Oronite Company LLC
Afton Chemical Corporation
Dorf Ketal Chemicals
The Lubrizol Corporation
Evonik Industries AG
Infineum International Limite
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