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Fuel Additives Market: By Product Type, By Application, and Region Forecast 2019-2030
Fuel Additives Market: By Product Type, By Application, and Region Forecast 2019-2030
Fuel Additives Market size was valued at US$ 6.6 billion in 2023, growing at a CAGR of 3.8% from 2024-2030. 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
2024-2030Base Year
2023CAGR
3.8%Largest Market
North AmericaFastest Growing Market
Europe
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
Geographically, fuel additives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America region is growing at a healthy rate, owing to the increasing government regulations on emissions, along with increasing investments in the development of newer additives. Gasoline fuel additives have been one of the most dynamic segments of the industry in the past decade and will continue to offer opportunities, especially, for better performing products. Additionally, fuel ethanol is the most excessively used fuel additive in the United States. Growing demand for fuel additives, abundant availability of biomass feedstock used for production of biofuels and mandates issued by the US Environment Protection Agency (EPA) on biofuels consumption are anticipated to drive the demand for fuel additives in the United States.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 6.6 billion |
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Market CAGR |
3.8% |
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Product Type |
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Application |
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By Region |
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The global fuel additives market size was valued at US$ 6.6 billion in 2023 and is projected to grow at a CAGR of 3.8% from 2024 to 2030.
Afton Chemical Corporation, BASF SE, Chevron Corporation,Evonik Industries
Europe is the fastest-growing region in the 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, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Deposit Control Additives |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Diesel |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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, 2019-2023 and Forecast, 2024-2030, (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 ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 ,2019-2023 and Forecast 2024-2030 (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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 ,2019-2023 and Forecast 2024-2030 (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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 ,2019-2023 and Forecast 2024-2030 (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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 ,2019-2023 and Forecast 2024-2030 (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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.