Fuel Antioxidant Additives Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Fuel Antioxidant Additives Market By Product Type (Phenolic Antioxidant, Aminic Antioxidant, Phosphite Antioxidant, Thioester Antioxidant, and Others) by Application (Diesel Fuel Additives, Aviation Fuel Additives, Gasoline Fuel Additives, and Others) and Geography

 

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Report

Description

The fuel antioxidant additives market is valued at USD billion in 2021 and is poised to grow at a significant CAGR over 2022–2028. 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.

Recent Market 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

MARKET SUMMARY
-
x%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– x%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Fuel Antioxidant Additives Market

  • The fuel antioxidant additives market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The fuel antioxidant additives market is segmented based on product type, application, and geography.
Key Players
  • DSM
  • BASF SE
  • Oxiris Chemicals S. A.
  • Sumitomo Chemical Company
  • Chitec Technology Co., Ltd.
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

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • 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


Location

GEOGRAPHY

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


Report

Company Profile

  • 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

Description

The fuel antioxidant additives market is valued at USD billion in 2021 and is poised to grow at a significant CAGR over 2022–2028. 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.

Recent Market 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.

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