Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) - Global Forecast to 2029
In terms of value, the fuel additives market is estimated to grow from USD 6.7 billion in 2024 to USD 8.0 billion by 2029, at a CAGR of 3.6%. The market for fuel additives is experiencing a significant increase in demand due to advancements in the fuel additive technologies. This trend is being driven by the ongoing evolution of engine designs, regulatory pressures, and the goal of environmental sustainability and improved fuel efficiency. Modern fuel additives have been developed by the manufacturers to facilitate complete combustion, thereby lowering nitrogen oxides (NOx) and particulate matter production at the source. These advancements assist in meeting the regulatory standards along with enhancing the fuel efficiency.
“Cetane improvers is projected to be the second-fastest growing segment of fuel additives market, during the forecast period”
Cetane improvers segment is estimated to be the second-fastest growing segment of fuel additives market, during the forecast period. Cetane number indicates the fuel’s ignition quality. Higher cetane numbers lead to shorter ignition delays hence make for a more effective combustion. Thus, cetane improvers make it possible to have a better cetane number, which enable the fuel to burn more smoothly, and hence, have a better fuel combustion, less emission of gases and more efficiency in fuel usage.
“Aviation fuel segment was the third largest application of fuel additives market, in terms of value, in 2023.”
Aviation fuel segment stands as the third-largest application in the fuel additives market. The market for fuel additives within the aviation fuel segment is significantly driven by the increasing aviation fuel consumption in developed countries of North America and Europe. These countries continually use high-quality jet fuel. These western nations are the primary consumers of aviation fuel because of their developed economies, vast networks of commercial aircraft, and well-established aviation infrastructure. This significant usage directly influences the demand for fuel additives, which play a vital role in ensuring the efficiency, safety, and performance of aviation operations.
“Europe was the third largest region in the fuel additives market, in terms of value.”
Europe was the third-largest region in the fuel additives market, in terms of value, in 2023. The fuel additives market in the region is comparatively mature, growing slower than the developing markets in the Asia-Pacific region or even in the Middle East and Africa. The need for traditional fuels and thus, fuel additives are gradually decreasing in Europe due to the high penetration of alternative fuel vehicles, such as electric vehicles (EVs). Although this shift is gradual and the demand for additives in conventional fuels remains significant in the interim, it is anticipated that the growing trend towards electric vehicles, driven by both consumer preferences and government laws, will continue to impact the fuel additives market.
Research Coverage
This report segments the market for fuel additives based on type, application, and region and provides estimations of value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for fuel additives.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the fuel additives market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
“Cetane improvers is projected to be the second-fastest growing segment of fuel additives market, during the forecast period”
Cetane improvers segment is estimated to be the second-fastest growing segment of fuel additives market, during the forecast period. Cetane number indicates the fuel’s ignition quality. Higher cetane numbers lead to shorter ignition delays hence make for a more effective combustion. Thus, cetane improvers make it possible to have a better cetane number, which enable the fuel to burn more smoothly, and hence, have a better fuel combustion, less emission of gases and more efficiency in fuel usage.
“Aviation fuel segment was the third largest application of fuel additives market, in terms of value, in 2023.”
Aviation fuel segment stands as the third-largest application in the fuel additives market. The market for fuel additives within the aviation fuel segment is significantly driven by the increasing aviation fuel consumption in developed countries of North America and Europe. These countries continually use high-quality jet fuel. These western nations are the primary consumers of aviation fuel because of their developed economies, vast networks of commercial aircraft, and well-established aviation infrastructure. This significant usage directly influences the demand for fuel additives, which play a vital role in ensuring the efficiency, safety, and performance of aviation operations.
“Europe was the third largest region in the fuel additives market, in terms of value.”
Europe was the third-largest region in the fuel additives market, in terms of value, in 2023. The fuel additives market in the region is comparatively mature, growing slower than the developing markets in the Asia-Pacific region or even in the Middle East and Africa. The need for traditional fuels and thus, fuel additives are gradually decreasing in Europe due to the high penetration of alternative fuel vehicles, such as electric vehicles (EVs). Although this shift is gradual and the demand for additives in conventional fuels remains significant in the interim, it is anticipated that the growing trend towards electric vehicles, driven by both consumer preferences and government laws, will continue to impact the fuel additives market.
- By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
- By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%
- By Region: North America - 24%, Europe - 40%, Asia Pacific - 17%, South America – 7%, Middle East & Africa - 12%,
Research Coverage
This report segments the market for fuel additives based on type, application, and region and provides estimations of value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for fuel additives.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the fuel additives market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on fuel additives offered by top players in the global market
- Analysis of key drivers: (Increasing demand for fuel efficiency, Increase in automotive production in emerging economies, Advancements in fuel additive technologies), restraints (Stringent environmental regulations, Fluctuating raw material prices), opportunities (Increase in demand for ultra-low sulfur diesel (ULSD), Increasing adoption of biofuels), and challenges (Technological advancements) influencing the growth of fuel additives market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the fuel additives market
- Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for fuel additives across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global fuel additives market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the fuel additives market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 FUEL ADDITIVES MARKET: INCLUSIONS AND EXCLUSIONS
1.2.2 FUEL ADDITIVES: MARKET DEFINITION AND INCLUSIONS, BY TYPE
1.2.3 FUEL ADDITIVES: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
1.2.4 FUEL ADDITIVES: MARKET DEFINITION AND INCLUSIONS,
BY END-USE INDUSTRY
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED
1.3.2 CURRENCY CONSIDERED
1.3.3 UNIT CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Key primary participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION METHODOLOGY
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 GROWTH FORECAST
2.4.1 SUPPLY-SIDE ANALYSIS
2.4.2 DEMAND-SIDE ANALYSIS
2.5 ASSUMPTIONS
2.6 LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN FUEL ADDITIVES MARKET
4.2 FUEL ADDITIVES MARKET, BY REGION
4.3 FUEL ADDITIVES MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
4.4 FUEL ADDITIVES MARKET, TYPE AND REGION
4.5 FUEL ADDITIVES MARKET ATTRACTIVENESS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing demand for fuel efficiency
5.2.1.2 Increasing automotive production in emerging economies
5.2.1.3 Advancements in fuel additive technologies
5.2.1.4 Expansion of aviation and marine sectors
5.2.2 RESTRAINTS
5.2.2.1 Stringent environmental regulations
5.2.2.2 Fluctuating raw material prices
5.2.2.3 Shift Toward Electric Vehicles
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in demand for ultra-low sulfur diesel (ULSD)
5.2.3.2 Increasing adoption of biofuels
5.2.3.3 Increased use of alternative fuels
5.2.4 CHALLENGES
5.2.4.1 Technological advancements
5.2.4.2 Evolving fuel standards
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES
6 INDUSTRY TRENDS
6.1 SUPPLY CHAIN ANALYSIS
6.1.1 RAW MATERIALS
6.1.2 MANUFACTURING
6.1.3 DISTRIBUTION NETWORK
6.1.4 END-USE INDUSTRIES
6.2 PRICING ANALYSIS
6.2.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
6.2.2 AVERAGE SELLING PRICE TREND, BY REGION
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.4 ECOSYSTEM ANALYSIS
6.5 CASE STUDY ANALYSIS
6.5.1 BASF SE: INNOVATING FUEL ADDITIVES TO MEET EURO 6 EMISSIONS STANDARDS AND ENHANCE ENGINE PERFORMANCE
6.5.2 INNOSPEC'S AVTEL: ENHANCING AVIATION FUEL EFFICIENCY AND
REDUCING EMISSIONS
6.5.3 LUBRIZOL CORPORATION'S PURIFUEL: ENHANCING DIESEL FUEL PERFORMANCE IN COLD CLIMATES
6.6 TECHNOLOGY ANALYSIS
6.6.1 KEY TECHNOLOGIES
6.6.1.1 Gasoline Direct Injection (GDI) Technology
6.6.1.2 Diesel Particulate Filters (DPF) Technology
6.6.2 COMPLEMENTARY TECHNOLOGIES
6.6.2.1 Turbocharging Technology
6.7 TRADE ANALYSIS
6.7.1 IMPORT SCENARIO
6.7.2 EXPORT SCENARIO
6.8 REGULATORY LANDSCAPE
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS
6.9 KEY CONFERENCES AND EVENTS IN 2024–2025
6.10 INVESTMENT AND FUNDING SCENARIO
6.11 PATENT ANALYSIS
6.11.1 APPROACH
6.11.2 DOCUMENT TYPES
6.11.3 TOP APPLICANTS
6.11.4 JURISDICTION ANALYSIS
6.12 IMPACT OF AI/GEN AI ON FUEL ADDITIVES MARKET
7 FUEL ADDITIVES MARKET, BY TYPE
7.1 INTRODUCTION
7.2 DEPOSIT CONTROL
7.2.1 GROWING DEMAND FOR HIGHLY EFFICIENT FUEL FOR MODERN ENGINES
7.3 CETANE IMPROVERS
7.3.1 INCREASING USE IN DIESEL
7.4 LUBRICITY IMPROVERS
7.4.1 USE TO REDUCE SULFUR CONTENT IN FUELS
7.5 COLD FLOW IMPROVERS
7.5.1 INCREASED DEMAND FROM MANUFACTURING INDUSTRY
7.6 STABILITY IMPROVERS
7.6.1 HIGH DEMAND FROM ASIA PACIFIC
7.7 OCTANE IMPROVERS
7.7.1 INCREASINGLY STRINGENT EMISSION CONTROL REGULATIONS
7.8 CORROSION INHIBITORS
7.8.1 INCREASING AWARENESS OF ADVANTAGES OF CORROSION INHIBITORS
7.9 ANTI-ICING FUEL ADDITIVES
7.9.1 GROWING AVIATION INDUSTRY DRIVING DEMAND
7.10 DYES & MARKERS
7.10.1 GROWING DEMAND FOR PURE AND QUALITY FUEL
7.11 OTHER TYPES
8 FUEL ADDITIVES MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 DIESEL
8.2.1 SIGNIFICANT PERFORMANCE ENHANCEMENT OF FUEL ADDITIVES
8.3 GASOLINE
8.3.1 GROWING AUTOMOTIVE INDUSTRY TO DRIVE MARKET
8.4 AVIATION FUEL
8.4.1 INCREASING CONSUMPTION OF AVIATION FUEL IN DEVELOPED NATIONS
8.5 OTHER APPLICATIONS
9 FUEL ADDITIVES MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 AUTOMOTIVE
9.3 AVIATION
9.4 MARINE
9.5 INDUSTRIAL
9.6 OTHER END-USE INDUSTRIES
10 FUEL ADDITIVES MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 CHINA
10.2.1.1 Rapid industrialization to drive market
10.2.2 JAPAN
10.2.2.1 Growing demand from automotive sector
10.2.3 INDIA
10.2.3.1 Increasing infrastructure activities
10.2.4 SOUTH KOREA
10.2.4.1 High demand due to growing automotive and marine industries
10.2.5 AUSTRALIA
10.2.5.1 Regulatory requirements to drive demand
10.3 NORTH AMERICA
10.3.1 US
10.3.1.1 Country’s growing automotive industry
10.3.2 CANADA
10.3.2.1 Population growth likely to drive demand
10.3.3 MEXICO
10.3.3.1 Rising industrialization to propel growth
10.4 EUROPE
10.4.1 GERMANY
10.4.1.1 Increasing automobile production offering opportunities
for market growth
10.4.2 FRANCE
10.4.2.1 Strong aerospace & defense sector to boost demand
for fuel additives
10.4.3 UK
10.4.3.1 Investment in R&D to boost market
10.4.4 RUSSIA
10.4.4.1 Growing demand from well-established oil & gas industry
10.4.5 ITALY
10.4.5.1 Growth in manufacturing industry to drive market
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC COUNTRIES
10.5.1.1 Saudi Arabia
10.5.1.1.1 Tax concessions attracting more foreign investments in various industries
10.5.1.2 UAE
10.5.1.2.1 Increasing demand from industrial sector
10.5.2 SOUTH AFRICA
10.5.2.1 Growing usage in transportation sector
10.5.3 IRAN
10.5.3.1 Growing demand due to rapid increase in oil & gas sector
10.6 SOUTH AMERICA
10.6.1 BRAZIL
10.6.1.1 Growing demand due to increasing investments in infrastructure and improved government policies for sustainability
10.6.2 VENEZUELA
10.6.2.1 Country’s growing marine industry
10.6.3 ARGENTINA
10.6.3.1 Increasing vehicle sales
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023
11.3 MARKET SHARE ANALYSIS
11.4 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.5.5.1 Company footprint
11.5.5.2 Type footprint
11.5.5.3 Application footprint
11.5.5.4 End-use industry footprint
11.5.5.5 Region footprint
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.6.5.1 Detailed list of key startups/SMEs
11.6.5.2 Competitive benchmarking of key startups/SMEs
11.7 BRAND/PRODUCT COMPARISON ANALYSIS
11.8 COMPANY VALUATION AND FINANCIAL METRICS
11.9 COMPETITIVE SCENARIO
11.9.1 PRODUCT LAUNCHES
11.9.2 DEALS
11.9.3 EXPANSIONS
12 COMPANY PROFILES
12.1 MAJOR PLAYERS
12.1.1 BASF SE
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.3.1 Product launches
12.1.1.3.2 Deals
12.1.1.3.3 Expansions
12.1.1.3.4 Other developments
12.1.1.4 MnM view
12.1.1.4.1 Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses and competitive threats
12.1.2 INNOSPEC INC.
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 Recent developments
12.1.2.3.1 Deals
12.1.2.3.2 Expansions
12.1.2.4 MnM view
12.1.2.4.1 Right to win
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 THE LUBRIZOL CORPORATION
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.3.1 Product launches
12.1.3.3.2 Deals
12.1.3.4 MnM view
12.1.3.4.1 Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses and competitive threats
12.1.4 CHEVRON ORONITE COMPANY LLC.
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.4.3.1 Deals
12.1.4.3.2 Expansions
12.1.4.4 MnM view
12.1.4.4.1 Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses and competitive threats
12.1.5 AFTON CHEMICAL CORPORATION
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 Recent developments
12.1.5.3.1 Deals
12.1.5.3.2 Expansions
12.1.5.4 MnM view
12.1.5.4.1 Right to win
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses and competitive threats
12.1.6 INFINEUM INTERNATIONAL LIMITED
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 Recent developments
12.1.6.3.1 Deals
12.1.6.3.2 Expansions
12.1.6.4 MnM view
12.1.6.4.1 Right to win
12.1.6.4.2 Strategic choices
12.1.6.4.3 Weaknesses and competitive threats
12.1.7 EVONIK INDUSTRIES AG
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.7.3 Recent developments
12.1.7.3.1 Deals
12.1.7.3.2 Expansions
12.1.7.4 MnM view
12.1.7.4.1 Right to win
12.1.7.4.2 Strategic choices
12.1.7.4.3 Weaknesses and competitive threats
12.1.8 LANXESS AG
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.8.3 MnM view
12.1.8.3.1 Right to win
12.1.8.3.2 Strategic choices
12.1.8.3.3 Weaknesses and competitive threats
12.1.9 CLARIANT AG
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 Recent developments
12.1.9.3.1 Deals
12.1.9.4 MnM view
12.1.9.4.1 Right to win
12.1.9.4.2 Strategic choices
12.1.9.4.3 Weaknesses and competitive threats
12.1.10 DORF KETAL CHEMICALS LLC
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services offered
12.1.10.3 Recent developments
12.1.10.3.1 Deals
12.1.10.4 MnM view
12.1.10.4.1 Right to win
12.1.10.4.2 Strategic choices
12.1.10.4.3 Weaknesses and competitive threats
12.2 STARTUPS/ SMES
12.2.1 TOTALENERGIES SE
12.2.2 BAKER HUGHES COMPANY
12.2.3 POWER SERVICE PRODUCTS, INC.
12.2.4 PENNAR INDUSTRIES LIMITED
12.2.5 ENI SPA
12.2.6 PETROLEUM LOGISTICS
12.2.7 SOLVAY SA
12.2.8 HUNTSMAN INTERNATIONAL LLC
12.2.9 DOW INC.
12.2.10 EASTMAN CHEMICAL COMPANY
12.2.11 BARDAHL MANUFACTURING CORPORATION
12.2.12 EASTERN PETROLEUM
12.2.13 LUCAS OIL PRODUCTS, INC.
12.2.14 BRB INTERNATIONAL B.V.
12.2.15 LUBRICATION ENGINEERS
13 ADJACENT & RELATED MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 DIESEL POWER ENGINE MARKET
13.3.1 MARKET OVERVIEW
13.4 DIESEL POWER ENGINE MARKET, BY REGION
13.4.1 NORTH AMERICA
13.4.2 EUROPE
13.4.3 ASIA PACIFIC
13.4.4 MIDDLE EAST & AFRICA
13.4.5 SOUTH AMERICA
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 FUEL ADDITIVES MARKET: INCLUSIONS AND EXCLUSIONS
1.2.2 FUEL ADDITIVES: MARKET DEFINITION AND INCLUSIONS, BY TYPE
1.2.3 FUEL ADDITIVES: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
1.2.4 FUEL ADDITIVES: MARKET DEFINITION AND INCLUSIONS,
BY END-USE INDUSTRY
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED
1.3.2 CURRENCY CONSIDERED
1.3.3 UNIT CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Key primary participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION METHODOLOGY
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 GROWTH FORECAST
2.4.1 SUPPLY-SIDE ANALYSIS
2.4.2 DEMAND-SIDE ANALYSIS
2.5 ASSUMPTIONS
2.6 LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN FUEL ADDITIVES MARKET
4.2 FUEL ADDITIVES MARKET, BY REGION
4.3 FUEL ADDITIVES MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
4.4 FUEL ADDITIVES MARKET, TYPE AND REGION
4.5 FUEL ADDITIVES MARKET ATTRACTIVENESS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing demand for fuel efficiency
5.2.1.2 Increasing automotive production in emerging economies
5.2.1.3 Advancements in fuel additive technologies
5.2.1.4 Expansion of aviation and marine sectors
5.2.2 RESTRAINTS
5.2.2.1 Stringent environmental regulations
5.2.2.2 Fluctuating raw material prices
5.2.2.3 Shift Toward Electric Vehicles
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in demand for ultra-low sulfur diesel (ULSD)
5.2.3.2 Increasing adoption of biofuels
5.2.3.3 Increased use of alternative fuels
5.2.4 CHALLENGES
5.2.4.1 Technological advancements
5.2.4.2 Evolving fuel standards
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES
6 INDUSTRY TRENDS
6.1 SUPPLY CHAIN ANALYSIS
6.1.1 RAW MATERIALS
6.1.2 MANUFACTURING
6.1.3 DISTRIBUTION NETWORK
6.1.4 END-USE INDUSTRIES
6.2 PRICING ANALYSIS
6.2.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
6.2.2 AVERAGE SELLING PRICE TREND, BY REGION
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.4 ECOSYSTEM ANALYSIS
6.5 CASE STUDY ANALYSIS
6.5.1 BASF SE: INNOVATING FUEL ADDITIVES TO MEET EURO 6 EMISSIONS STANDARDS AND ENHANCE ENGINE PERFORMANCE
6.5.2 INNOSPEC'S AVTEL: ENHANCING AVIATION FUEL EFFICIENCY AND
REDUCING EMISSIONS
6.5.3 LUBRIZOL CORPORATION'S PURIFUEL: ENHANCING DIESEL FUEL PERFORMANCE IN COLD CLIMATES
6.6 TECHNOLOGY ANALYSIS
6.6.1 KEY TECHNOLOGIES
6.6.1.1 Gasoline Direct Injection (GDI) Technology
6.6.1.2 Diesel Particulate Filters (DPF) Technology
6.6.2 COMPLEMENTARY TECHNOLOGIES
6.6.2.1 Turbocharging Technology
6.7 TRADE ANALYSIS
6.7.1 IMPORT SCENARIO
6.7.2 EXPORT SCENARIO
6.8 REGULATORY LANDSCAPE
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS
6.9 KEY CONFERENCES AND EVENTS IN 2024–2025
6.10 INVESTMENT AND FUNDING SCENARIO
6.11 PATENT ANALYSIS
6.11.1 APPROACH
6.11.2 DOCUMENT TYPES
6.11.3 TOP APPLICANTS
6.11.4 JURISDICTION ANALYSIS
6.12 IMPACT OF AI/GEN AI ON FUEL ADDITIVES MARKET
7 FUEL ADDITIVES MARKET, BY TYPE
7.1 INTRODUCTION
7.2 DEPOSIT CONTROL
7.2.1 GROWING DEMAND FOR HIGHLY EFFICIENT FUEL FOR MODERN ENGINES
7.3 CETANE IMPROVERS
7.3.1 INCREASING USE IN DIESEL
7.4 LUBRICITY IMPROVERS
7.4.1 USE TO REDUCE SULFUR CONTENT IN FUELS
7.5 COLD FLOW IMPROVERS
7.5.1 INCREASED DEMAND FROM MANUFACTURING INDUSTRY
7.6 STABILITY IMPROVERS
7.6.1 HIGH DEMAND FROM ASIA PACIFIC
7.7 OCTANE IMPROVERS
7.7.1 INCREASINGLY STRINGENT EMISSION CONTROL REGULATIONS
7.8 CORROSION INHIBITORS
7.8.1 INCREASING AWARENESS OF ADVANTAGES OF CORROSION INHIBITORS
7.9 ANTI-ICING FUEL ADDITIVES
7.9.1 GROWING AVIATION INDUSTRY DRIVING DEMAND
7.10 DYES & MARKERS
7.10.1 GROWING DEMAND FOR PURE AND QUALITY FUEL
7.11 OTHER TYPES
8 FUEL ADDITIVES MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 DIESEL
8.2.1 SIGNIFICANT PERFORMANCE ENHANCEMENT OF FUEL ADDITIVES
8.3 GASOLINE
8.3.1 GROWING AUTOMOTIVE INDUSTRY TO DRIVE MARKET
8.4 AVIATION FUEL
8.4.1 INCREASING CONSUMPTION OF AVIATION FUEL IN DEVELOPED NATIONS
8.5 OTHER APPLICATIONS
9 FUEL ADDITIVES MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 AUTOMOTIVE
9.3 AVIATION
9.4 MARINE
9.5 INDUSTRIAL
9.6 OTHER END-USE INDUSTRIES
10 FUEL ADDITIVES MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 CHINA
10.2.1.1 Rapid industrialization to drive market
10.2.2 JAPAN
10.2.2.1 Growing demand from automotive sector
10.2.3 INDIA
10.2.3.1 Increasing infrastructure activities
10.2.4 SOUTH KOREA
10.2.4.1 High demand due to growing automotive and marine industries
10.2.5 AUSTRALIA
10.2.5.1 Regulatory requirements to drive demand
10.3 NORTH AMERICA
10.3.1 US
10.3.1.1 Country’s growing automotive industry
10.3.2 CANADA
10.3.2.1 Population growth likely to drive demand
10.3.3 MEXICO
10.3.3.1 Rising industrialization to propel growth
10.4 EUROPE
10.4.1 GERMANY
10.4.1.1 Increasing automobile production offering opportunities
for market growth
10.4.2 FRANCE
10.4.2.1 Strong aerospace & defense sector to boost demand
for fuel additives
10.4.3 UK
10.4.3.1 Investment in R&D to boost market
10.4.4 RUSSIA
10.4.4.1 Growing demand from well-established oil & gas industry
10.4.5 ITALY
10.4.5.1 Growth in manufacturing industry to drive market
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC COUNTRIES
10.5.1.1 Saudi Arabia
10.5.1.1.1 Tax concessions attracting more foreign investments in various industries
10.5.1.2 UAE
10.5.1.2.1 Increasing demand from industrial sector
10.5.2 SOUTH AFRICA
10.5.2.1 Growing usage in transportation sector
10.5.3 IRAN
10.5.3.1 Growing demand due to rapid increase in oil & gas sector
10.6 SOUTH AMERICA
10.6.1 BRAZIL
10.6.1.1 Growing demand due to increasing investments in infrastructure and improved government policies for sustainability
10.6.2 VENEZUELA
10.6.2.1 Country’s growing marine industry
10.6.3 ARGENTINA
10.6.3.1 Increasing vehicle sales
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023
11.3 MARKET SHARE ANALYSIS
11.4 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.5.5.1 Company footprint
11.5.5.2 Type footprint
11.5.5.3 Application footprint
11.5.5.4 End-use industry footprint
11.5.5.5 Region footprint
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.6.5.1 Detailed list of key startups/SMEs
11.6.5.2 Competitive benchmarking of key startups/SMEs
11.7 BRAND/PRODUCT COMPARISON ANALYSIS
11.8 COMPANY VALUATION AND FINANCIAL METRICS
11.9 COMPETITIVE SCENARIO
11.9.1 PRODUCT LAUNCHES
11.9.2 DEALS
11.9.3 EXPANSIONS
12 COMPANY PROFILES
12.1 MAJOR PLAYERS
12.1.1 BASF SE
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.3.1 Product launches
12.1.1.3.2 Deals
12.1.1.3.3 Expansions
12.1.1.3.4 Other developments
12.1.1.4 MnM view
12.1.1.4.1 Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses and competitive threats
12.1.2 INNOSPEC INC.
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 Recent developments
12.1.2.3.1 Deals
12.1.2.3.2 Expansions
12.1.2.4 MnM view
12.1.2.4.1 Right to win
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 THE LUBRIZOL CORPORATION
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.3.1 Product launches
12.1.3.3.2 Deals
12.1.3.4 MnM view
12.1.3.4.1 Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses and competitive threats
12.1.4 CHEVRON ORONITE COMPANY LLC.
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.4.3.1 Deals
12.1.4.3.2 Expansions
12.1.4.4 MnM view
12.1.4.4.1 Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses and competitive threats
12.1.5 AFTON CHEMICAL CORPORATION
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 Recent developments
12.1.5.3.1 Deals
12.1.5.3.2 Expansions
12.1.5.4 MnM view
12.1.5.4.1 Right to win
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses and competitive threats
12.1.6 INFINEUM INTERNATIONAL LIMITED
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 Recent developments
12.1.6.3.1 Deals
12.1.6.3.2 Expansions
12.1.6.4 MnM view
12.1.6.4.1 Right to win
12.1.6.4.2 Strategic choices
12.1.6.4.3 Weaknesses and competitive threats
12.1.7 EVONIK INDUSTRIES AG
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.7.3 Recent developments
12.1.7.3.1 Deals
12.1.7.3.2 Expansions
12.1.7.4 MnM view
12.1.7.4.1 Right to win
12.1.7.4.2 Strategic choices
12.1.7.4.3 Weaknesses and competitive threats
12.1.8 LANXESS AG
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.8.3 MnM view
12.1.8.3.1 Right to win
12.1.8.3.2 Strategic choices
12.1.8.3.3 Weaknesses and competitive threats
12.1.9 CLARIANT AG
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 Recent developments
12.1.9.3.1 Deals
12.1.9.4 MnM view
12.1.9.4.1 Right to win
12.1.9.4.2 Strategic choices
12.1.9.4.3 Weaknesses and competitive threats
12.1.10 DORF KETAL CHEMICALS LLC
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services offered
12.1.10.3 Recent developments
12.1.10.3.1 Deals
12.1.10.4 MnM view
12.1.10.4.1 Right to win
12.1.10.4.2 Strategic choices
12.1.10.4.3 Weaknesses and competitive threats
12.2 STARTUPS/ SMES
12.2.1 TOTALENERGIES SE
12.2.2 BAKER HUGHES COMPANY
12.2.3 POWER SERVICE PRODUCTS, INC.
12.2.4 PENNAR INDUSTRIES LIMITED
12.2.5 ENI SPA
12.2.6 PETROLEUM LOGISTICS
12.2.7 SOLVAY SA
12.2.8 HUNTSMAN INTERNATIONAL LLC
12.2.9 DOW INC.
12.2.10 EASTMAN CHEMICAL COMPANY
12.2.11 BARDAHL MANUFACTURING CORPORATION
12.2.12 EASTERN PETROLEUM
12.2.13 LUCAS OIL PRODUCTS, INC.
12.2.14 BRB INTERNATIONAL B.V.
12.2.15 LUBRICATION ENGINEERS
13 ADJACENT & RELATED MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 DIESEL POWER ENGINE MARKET
13.3.1 MARKET OVERVIEW
13.4 DIESEL POWER ENGINE MARKET, BY REGION
13.4.1 NORTH AMERICA
13.4.2 EUROPE
13.4.3 ASIA PACIFIC
13.4.4 MIDDLE EAST & AFRICA
13.4.5 SOUTH AMERICA
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The growing trend of improving fuel efficiency and stringent environmental regulations, amid accelerating fuel consumption along with escalating fuel prices has significantly contributed to the growth of fuel additives.
Some the prominent players in "Fuel Additives Market" are:
- The Lubrizol Corporation (U.S.)
- Infineum International Ltd (U.K.)
- BASF Corporation (Germany)
- Total Petrochemicals and Refining (France)
- Dorf-Ketal Inc.(India), and Albemarle Corp (U.S.).
A majority of fuel additives are consumed in diesel fuel applications. The diesel fuel additive market has been driven by the increasing Ultra Low Sulphur Diesel (ULSD) and bio-based diesel demand which requires significant amount of dosing.
The fuel additive market is currently led by North America, but will continue to grow at a rapid pace in Asia-Pacific. By 2019, Asia-Pacific is expected to move ahead of North America in terms of consumption of fuel additives. One of the key factors contributing to this growth is the increased use of fuel additives in the emerging Asia-Pacific economies, due to increasing fuel demand from the developing economies such as China, Japan, and India. The North American market for fuel additives will also continue to grow at a healthy rate due to stricter enforcement of environmental regulations. The South American market is expected to grow at high rate, partly due to low base effect, and also due to the growing economies of Brazil and Argentina. The Middle East and African region is likely to register sound growth due to the abundance of oil producing nations in the region.
The fuel additive market is highly competitive with the presence of many major companies and some smaller companies with regional footprint. The industry is highly fragmented in terms of the segments to which the products are offered. Due to the presence of a large number of small players, the companies are constantly fighting to capture more and more market share. Innospec Inc. (U.S.), BASF SE (Germany), and The Lubrizol Corporation (U.S.), are the most active companies in the fuel additives market. The top five companies together comprise nearly 40% of the market share.
The report also covers the fuel additive market and its trends on the basis of applications which are gasoline, diesel, and aviation. The market for diesel fuel additives is the highest among all the applications and is likely to continue to grow. Although gasoline demand has been more or less stagnant and the requirement of fuel additives is less, the fuel additives market is driven by the use of unleaded gasoline which requires relatively higher dosing.
