- Phenolic Antioxidant
- Aminic Antioxidant
- Phosphite Antioxidant
- Thioester Antioxidant
- Others
Fuel Antioxidant Additives Market is valued at USD billion in 2022 and is poised to grow at a significant CAGR over 2023-2029. The market for fuel antioxidants is anticipated to have considerable growth over the next few years due to its significant usage in numerous end-user industries. Because of the ongoing demand for specialized end-user applications in industries like aerospace, automotive, energy, and others, this market is also expected to expand significantly. Additionally, it is predicted that the rapidly growing demand for butylated hydroxytoluene and alkylated phenol in gasoline blending operations will spur market expansion. Additionally, gasoline antioxidants have several advantages, particularly in terms of improving engine performance. The market is expected to develop due to the rising use of fuel antioxidants in jet fuel, primarily used in the aerospace industry. The ability of fuel antioxidant additives to work in high temperatures, change burn and combustion rates, lower toxic emissions, and increase fuel efficiency is among their vital functional characteristics. Depending on the need, fuel additives might be added at refineries, distribution networks, or storage tanks. These additives are typically added as standalone products to address particular problems at refineries. Fuel antioxidant additives can be blended with other goods to form a multi-functional package when utilized as finished gasoline for the automotive sector.
Fuel Antioxidant Additives Market Key Developments:
- In May 2022, BASF has expanded the production capacity for its antioxidant Irganox 1010 at its site on Jurong Island, Singapore, by integrating an additional production line into the existing production facilities. Irganox 1010 is a sterically hindered phenolic primary antioxidant.
Fuel Antioxidant Additives Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
x%
Largest Market
North-America
Fastest Growing Market
North America
Fuel Antioxidant Additives Market Dynamics
Fuel antioxidant compounds are frequently utilized in the aerospace industry because of their high effectiveness and reduced environmental impact under challenging conditions. Because part loss is so significant in the aircraft industry, these technologies also increase efficiency by lowering it. The fuel antioxidants in aircraft extend the component service lives and exhibit strong vapor loss resistance even at very high altitudes. Increasing passenger demand and military spending contributed to the aircraft industry's steady growth. However, using alternative energy sources in automobiles may limit market expansion.
North-America Got Significant Share
Fuel Antioxidant Additives Market Regional Analysis
The Fuel Antioxidant Additives market in North America are likely to hold a significant revenue share in 2021, and, in the following years, it is predicted to increase rapidly. The increased knowledge and stringent emission norms and regulations are the two main factors encouraging this high usage rate. The rising use of ultra-low-sulfur diesel is one of the main factors driving a rise in the demand for fuel additives. Although this diesel type emits relatively little pollution, it needs more fuel additives to operate as intended. While Europe and the Asia Pacific have had roughly similar levels of fuel additive consumption, Asia Pacific is anticipated to surpass Europe due to a significantly more enormous demand surge that will take place in this region. It is conceivable for the producers of fuel additives to reach a larger market share in this region due to stringent emission rules.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The fuel antioxidant additives market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
- The report covers in-detail insights about the competitor’s overview, company share analysis, 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 start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Fuel Antioxidant Additives Market Segmentation
By Product Type
By Application
- Diesel Fuel Additives
- Aviation Fuel Additives
- Gasoline Fuel Additives
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The fuel antioxidant additives market is projected to expand at a CAGR of x% during the forecast period
DSM, BASF SE, Oxiris Chemicals S. A., Sumitomo Chemical Company, Chitec Technology Co., Ltd.
North America is the fastest-growing region for fuel antioxidant additives market
| 1.Executive Summary |
| 2.Global Fuel Antioxidant Additives Market Introduction |
| 2.1.Global Fuel Antioxidant Additives Market - Taxonomy |
| 2.2.Global Fuel Antioxidant Additives Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Fuel Antioxidant 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 Antioxidant 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 Antioxidant Additives Market By Product Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Phenolic Antioxidant |
| 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. Aminic Antioxidant |
| 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. Phosphite Antioxidant |
| 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. Thioester Antioxidant |
| 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. Others |
| 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 |
| 6.Global Fuel Antioxidant Additives Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Diesel Fuel Additives |
| 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. Aviation Fuel Additives |
| 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. Gasoline Fuel Additives |
| 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 |
| 6.4. Others |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Fuel Antioxidant 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 Antioxidant 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.Phenolic Antioxidant |
| 8.1.2.Aminic Antioxidant |
| 8.1.3.Phosphite Antioxidant |
| 8.1.4.Thioester Antioxidant |
| 8.1.5.Others |
| 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 Fuel Additives |
| 8.2.2.Aviation Fuel Additives |
| 8.2.3.Gasoline Fuel Additives |
| 8.2.4.Others |
| 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 Antioxidant 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.Phenolic Antioxidant |
| 9.1.2.Aminic Antioxidant |
| 9.1.3.Phosphite Antioxidant |
| 9.1.4.Thioester Antioxidant |
| 9.1.5.Others |
| 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 Fuel Additives |
| 9.2.2.Aviation Fuel Additives |
| 9.2.3.Gasoline Fuel Additives |
| 9.2.4.Others |
| 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 |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Fuel Antioxidant 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.Phenolic Antioxidant |
| 10.1.2.Aminic Antioxidant |
| 10.1.3.Phosphite Antioxidant |
| 10.1.4.Thioester Antioxidant |
| 10.1.5.Others |
| 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 Fuel Additives |
| 10.2.2.Aviation Fuel Additives |
| 10.2.3.Gasoline Fuel Additives |
| 10.2.4.Others |
| 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 Antioxidant 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.Phenolic Antioxidant |
| 11.1.2.Aminic Antioxidant |
| 11.1.3.Phosphite Antioxidant |
| 11.1.4.Thioester Antioxidant |
| 11.1.5.Others |
| 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 Fuel Additives |
| 11.2.2.Aviation Fuel Additives |
| 11.2.3.Gasoline Fuel Additives |
| 11.2.4.Others |
| 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 Antioxidant 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.Phenolic Antioxidant |
| 12.1.2.Aminic Antioxidant |
| 12.1.3.Phosphite Antioxidant |
| 12.1.4.Thioester Antioxidant |
| 12.1.5.Others |
| 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 Fuel Additives |
| 12.2.2.Aviation Fuel Additives |
| 12.2.3.Gasoline Fuel Additives |
| 12.2.4.Others |
| 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.DSM |
| 13.2.2.BASF SE |
| 13.2.3.Oxiris Chemicals S. A. |
| 13.2.4.Sumitomo Chemical Company |
| 13.2.5.Chitec Technology Co., Ltd. |
| 13.2.6.Mayzo Inc. |
| 13.2.7.SI Group, Inc. |
| 13.2.8.Double Bond Chemical Ind. Co. Ltd. |
| 13.2.9.Kumho Petrochemical Co., Ltd. |
| 13.2.10.Merald Performance Materials LLC |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- DSM
- BASF SE
- Oxiris Chemicals S. A.
- Sumitomo Chemical Company
- Chitec Technology Co., Ltd.
- Mayzo Inc.
- SI Group, Inc.
- Double Bond Chemical Ind. Co. Ltd.
- Kumho Petrochemical Co., Ltd.
- Merald Performance Materials LLC