- Ethanol
- Methyl Tertiary Butyl Ether (MTBE)
- Methylcyclopentadienyl manganese tricarbonyl (MMC)
- Ethyl Tertiary Butyl Ether (ETBE)
Octane Improver Fuel Additives Market size was valued at USD 7.56 billion in 2023 and is poised to grow at a CAGR of 3.7% from 2024 to 2030. Octane improver fuel additives are used in various industries, including the automotive, industrial, manufacturing, and other sectors. Octane improver fuel additives are liquid substances which are mixed with gasoline or diesel fuel to increase its automobile’s octane rating. The octane rating is a degree of a fuel’s resistance to bumping during combustion. Octane improver fuel additives work by enhancing fuel performance, increasing octane ratings, and improving engine efficiency, resulting in better fuel combustion and reduced emissions. The growing transportation industry is driving the octane improver fuel additives market growth, for enhancing the driving performance of an automobile. In the industrial sector, octane improvers are utilized in machinery and equipment to improve fuel quality and optimize operational efficiency, in the industrial sector which boosts the market growth.
Other sectors, such as agriculture and aviation, also improve with octane improver fuel additives to augment fuel performance and lessen environmental impact. Moreover, the increasing requirement for octane improver fuel additives in the power generation sector, owing to their utilization in offering a longer life for equipment such as power generators is projected to increase the growth of the octane improver fuel additives industry during the forecast period. However, the global economic recession caused by the COVID-19 pandemic caused a giant drop in transportation, industrial and other industries all across the globe, which had a substantial impact on the growth of the octane improver fuel additives market.
Octane Improver Fuel Additives Market Key Developments:
- In 2021, Afton Chemical Corporation partnered with ExxonMobil to develop a new line of lubricant and fuel additives aimed at enhancing engine performance and reducing emissions. These partnership objectives are to leverage Afton's expertise in additive technology and ExxonMobil's expertise in Base Oil technology to produce more effective products.
- In 2020, Evonik Industries AG inaugurated a new line of fuel additives named Dynavis® technology which are designed to advance the fuel efficiency and performance of heavy-duty diesel engines.
- In 2020, BASF SE initiated a new line of fuel additives called the BILADE® technology which are designed to improve the performance and fuel efficiency of gasoline and diesel engines. The technology also utilizes a special detergent that cleans the engine and lessens deposit formation, also friction modifier that reduces engine wear and enhances fuel economy.
Octane Improver Fuel Additives Market Summary
Study Period
2024 - 2030
Base Year
2023
CAGR
3.7%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Octane Improver Fuel Additives Market Dynamics
The future outlook for the octane improver fuel additives market looks promising. The growth of the octane improver fuel additives market can be credited to the growing importance of fuel efficiency over stringent government regulations, rising disposable income, the need for improved fuel efficiency, and rising environmental concerns about carbon emissions from conventional fuels and subsequent regulatory policies. With the increasing demand for high-performance fuels and the growing automotive industry, the market is likely to witness significant growth in the coming years. In addition, the market is also advancing from technological advancements in the field of fuel additives, which are leading to the expansion of more efficient and cost-effective products. Fuel additive manufacturers are increasingly focusing on research and development activities to increase the efficacy and performance of their products, which will boost market growth.
North-America Got Significant Share of
Octane Improver Fuel Additives Market Region Analysis
Based on regions, the market share is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA. The North American region holds the major market share in the octane improver fuel additives market. The major market drivers in the region are factors such as a high level of awareness among consumers about the benefits of octane improvers and a stringent regulatory framework that will boost the market in the forecast period. The Asia Pacific is expected to witness major demand for octane improver fuel additives due to the increasing demand for fuel consumption in countries like China and India. Moreover, the Latin American market is likely to experience significant growth over the forecasting period owing to high demand from Brazil and Argentina. Increasing ethanol production in Brazil and favorable regulations regarding ethanol’s usage as a fuel additive are anticipated to further augment the Latin American market in the forecasting years.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- 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
Octane Improver Fuel Additives Market Segmentation
By Improver Type
By Application
- Automotive
- Industrial
- Aviation
- Others
Frequently Asked Questions
The Asia pacific is the fastest growing region in the Octane Improver Fuel Additives Market
The Asia pacific region is anticipated to hold the highest market share in the Octane Improver Fuel Additives market.
The leading players in the octane improver fuel additives market are Innospec, Dorf Ketal, Total, Afton Chemical and LyondellBasell Industries Holdings B.V.
Historic years considered for the market study are 2019 to 2022, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.
| 1. Executive Summary |
| 2. Global Octane Improver Fuel Additives Market Introduction |
| 2.1. Global Octane Improver Fuel Additives Market Taxonomy |
| 2.2. Global Octane Improver Fuel Additives Market Definitions |
| 2.2.1. Improver Improver Type |
| 2.2.2. Application |
| 2.2.3. Region |
| 3. Global Octane Improver Fuel Additives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Octane Improver Fuel Additives Market Dynamic Factors - Impact Analysis |
| 3.6. Impact of COVID 19 on The Market |
| 3.7. Three Forecast Scenarios - Pessimistic, Conservative, and Opportunistic |
| 3.8. Mapping Market Player’s Activities |
| 3.9. Recent Key Developments |
| 3.10. Financial Status of the Market Players |
| 3.11. Recent Acquisitions, Collaborations, and Mergers |
| 4. Global Octane Improver Fuel Additives Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Octane Improver Fuel Additives Market Forecast, By Improver Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 5.1. Ethanol |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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. Methyl Tertiary Butyl Ether (MTBE) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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. Methylcyclopentadienyl Manganese Tricarbonyl (MMT) |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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. Ethyl Tertiary Butyl Ether (ETBE) |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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 Octane Improver Fuel Additives Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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. Industrial |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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 (Revenue, 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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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 Octane Improver Fuel Additives Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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 (Revenue, 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 |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, 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. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Octane Improver Fuel Additives Market - Opportunity Analysis Index, By Improver Type, Application, and Region, 2024 - 2030 |
| 8. North America Octane Improver Fuel Additives Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 8.1. Improver Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Ethanol |
| 8.1.2. Methyl Tertiary Butyl Ether (MTBE) |
| 8.1.3. Methylcyclopentadienyl Manganese Tricarbonyl (MMT) |
| 8.1.4. Ethyl Tertiary Butyl Ether (ETBE) |
| 8.1.5. Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Automotive |
| 8.2.2. Industrial |
| 8.2.3. Aviation |
| 8.2.4. Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. U.S. |
| 8.3.2. Canada |
| 8.4. North America Octane Improver Fuel Additives Market - Opportunity Analysis Index, By Improver Type, Application and Country, 2024 - 2030 |
| 8.5. North America Octane Improver Fuel Additives Market Dynamics Trends |
| 9. Europe Octane Improver Fuel Additives Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 9.1. Improver Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Ethanol |
| 9.1.2. Methyl Tertiary Butyl Ether (MTBE) |
| 9.1.3. Methylcyclopentadienyl Manganese Tricarbonyl (MMT) |
| 9.1.4. Ethyl Tertiary Butyl Ether (ETBE) |
| 9.1.5. Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Automotive |
| 9.2.2. Industrial |
| 9.2.3. Aviation |
| 9.2.4. Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Italy |
| 9.3.5. Spain |
| 9.3.6. Rest of Europe |
| 9.4. Europe Octane Improver Fuel Additives Market - Opportunity Analysis Index, By Improver Type, Application and Country, 2024 - 2030 |
| 9.5. Europe Octane Improver Fuel Additives Market Dynamics Trends |
| 10. Asia-Pacific Octane Improver Fuel Additives Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 10.1. Improver Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Ethanol |
| 10.1.2. Methyl Tertiary Butyl Ether (MTBE) |
| 10.1.3. Methylcyclopentadienyl Manganese Tricarbonyl (MMT) |
| 10.1.4. Ethyl Tertiary Butyl Ether (ETBE) |
| 10.1.5. Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Automotive |
| 10.2.2. Industrial |
| 10.2.3. Aviation |
| 10.2.4. Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Octane Improver Fuel Additives Market - Opportunity Analysis Index, By Improver Type, Application and Country, 2024 - 2030 |
| 10.5. Asia-Pacific Octane Improver Fuel Additives Market Dynamics Trends |
| 11. Latin America Octane Improver Fuel Additives Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 11.1. Improver Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Ethanol |
| 11.1.2. Methyl Tertiary Butyl Ether (MTBE) |
| 11.1.3. Methylcyclopentadienyl Manganese Tricarbonyl (MMT) |
| 11.1.4. Ethyl Tertiary Butyl Ether (ETBE) |
| 11.1.5. Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Automotive |
| 11.2.2. Industrial |
| 11.2.3. Aviation |
| 11.2.4. Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Argentina |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Octane Improver Fuel Additives Market - Opportunity Analysis Index, By Improver Type, Application and Country, 2024 - 2030 |
| 11.5. Latin America Octane Improver Fuel Additives Market Dynamics Trends |
| 12. Middle East and Africa Octane Improver Fuel Additives Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Million) |
| 12.1. Improver Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Ethanol |
| 12.1.2. Methyl Tertiary Butyl Ether (MTBE) |
| 12.1.3. Methylcyclopentadienyl Manganese Tricarbonyl (MMT) |
| 12.1.4. Ethyl Tertiary Butyl Ether (ETBE) |
| 12.1.5. Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Automotive |
| 12.2.2. Industrial |
| 12.2.3. Aviation |
| 12.2.4. Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Saudi Arabia |
| 12.3.2. GCC Countries |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Octane Improver Fuel Additives Market - Opportunity Analysis Index, By Improver Type, Application and Country, 2024 - 2030 |
| 12.5. MEA Octane Improver Fuel Additives Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Improver Type Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Afton Chemical |
| 13.2.2. Cestoil Chemical Inc. |
| 13.2.3. Dorf Ketal |
| 13.2.4. Innospec |
| 13.2.5. KENNOL Performance Oil |
| 13.2.6. LIQUI MOLY GmbH |
| 13.2.7. LUBRITA Europe B.V |
| 13.2.8. LyondellBasell Industries Holdings B.V. |
| 13.2.9. Penrite Oil |
| 13.2.10. Ravensberger Schmierstoffvertrieb GmbH |
| 13.2.11. Rheochemie GmbH |
| 13.2.12. Baker Hughes Company |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Afton Chemical
- Cestoil Chemical Inc.
- Dorf Ketal
- Innospec
- KENNOL Performance Oil
- LIQUI MOLY GmbH
- LUBRITA Europe B.V
- LyondellBasell Industries Holdings B.V.
- Penrite Oil
- Ravensberger Schmierstoffvertrieb GmbH
- Rheochemie GmbH
- Baker Hughes Company