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Global Specialty fuel additives Market Size study & Forecast, by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: G814D465CC44EN
Bizwit Research & Consulting LLP

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Global Specialty fuel additives Market is valued approximately at USD 6.24 billion in 2022 and is anticipated to grow with a growth rate of more than 3.4% over the forecast period 2023-2030. The specialty fuel additives involve production and distribution of additives specifically designed to enhance the performance and efficiency of fuels. These additives are formulated to address various challenges such as improving fuel quality, reducing emissions, enhancing lubricity, and preventing deposit formation. The Specialty fuel additives market is expanding because of factors such as, rising transportation emissions and rising industrial activities. Moreover, the growth of industrial activities has a significant influence on the Specialty fuel additives, as industries require additives to enhance fuel performance and meet regulatory standards. Also, the increasing demand for fuel efficiency, emission control, and equipment protection increase the adoption of specialty fuel additives in various industrial sectors.

The rise in transportation emissions has a significant influence on the Specialty fuel additives market, increases the demand for additives that improve fuel efficiency and reduce emissions. According to Statista, in 2021, carbon dioxide emissions from fossil fuels and industry globally amounted to 37.12 billion metric tons (GtCO?). It is expected that these emissions may see a slight increase of 0.9 percent, reaching 37.5 GtCO? in 2022. China and the United States are the largest contributors, with 11.47 and 5.01 GtCO? emissions in 2021, respectively. The United States leads in transportation emissions, emitting 1.67 GtCO?e. In addition, increase in demand for ultra-low sulfur diesel and stringent emission control regulations by government in anticipated to create a lucrative growth opportunity. However, growing demand of hybrid vehicles and increasing battery price parity stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Specialty fuel additives Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the market with largest market share during the forecast period owing to the, expanding petroleum exploration operations and increasing fuel demand from industries such as transportation and power generation. Additionally, the market is influenced by the growth of the aerospace and defense sectors and various government initiatives in the United States. Asia Pacific is fastest growing region during the forecast period, owing to factors such as, high economic growth, increasing disposable income, and rapid industrialization. The region experiences high usage of fuel additives driven by the growth of industrial production, trade, and the rise in the number of vehicles in the region.

Major market player included in this report are:
Afton Chemical Corporation
The Lubrizol Corporation
Innospec Inc.
Evonik Industries AG
Chevron Oronite Company LLC
Infineum International Limited
Cummins Inc.
Croda International PLC
Huntsman Corporation
The Dow Chemical Corporation

Recent Developments in the Market:
In February 2021, The Lubrizol Corporation unveiled a new additive, Dexos, as an addition to their PV 1500 series. Dexos is designed to enhance operational efficiency.

In April 2021, Innospec Inc. has introduced a new product called Trident, which offers bunker fuel additive packages to enhance fuel stability and combustion efficiency. Trident comprises various stability additives, including Trident 100, 120, 200, and 290, catering to different requirements in the market.
Global Specialty fuel additives Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Type, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Deposit Control
Cetane Improvers
Lubricity Improvers
Cold Flow Improvers
Stability Improvers
Octane Improvers
Corrosion Inhibitors

By Application:
Diesel,
Gasoline,
Aviation Fuel

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Specialty fuel additives Market, by region, 2020-2030 (USD Billion)
  1.2.2. Specialty fuel additives Market, by Type , 2020-2030 (USD Billion)
  1.2.3. Specialty fuel additives Market, by Application , 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SPECIALTY FUEL ADDITIVES MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SPECIALTY FUEL ADDITIVES MARKET DYNAMICS

3.1. Specialty fuel additives Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising transportation emissions
    3.1.1.2. Rising industrial activities.
  3.1.2. Market Challenges
    3.1.2.1. Growing demand of hybrid vehicles
    3.1.2.2. Increasing battery price parity
  3.1.3. Market Opportunities
    3.1.3.1. Increase in the demand for ultra-low sulphur diesel
    3.1.3.2. Stringent emission control regulations by government

CHAPTER 4. GLOBAL SPECIALTY FUEL ADDITIVES MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SPECIALTY FUEL ADDITIVES MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Specialty fuel additives Market by Type , Performance - Potential Analysis
5.3. Global Specialty fuel additives Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Specialty fuel additives Market, Sub Segment Analysis
  5.4.1. Deposit Control
  5.4.2. Cetane Improvers
  5.4.3. Lubricity Improvers
  5.4.4. Cold Flow Improvers
  5.4.5. Stability Improvers
  5.4.6. Octane Improvers
  5.4.7. Corrosion Inhibitors

CHAPTER 6. GLOBAL SPECIALTY FUEL ADDITIVES MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Specialty fuel additives Market by Application , Performance - Potential Analysis
6.3. Global Specialty fuel additives Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Specialty fuel additives Market, Sub Segment Analysis
  6.4.1. Diesel
  6.4.2. Gasoline
  6.4.3. Aviation Fuel

CHAPTER 7. GLOBAL SPECIALTY FUEL ADDITIVES MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Specialty fuel additives Market, Regional Market Snapshot
7.4. North America Specialty fuel additives Market
  7.4.1. U.S. Specialty fuel additives Market
    7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Specialty fuel additives Market
7.5. Europe Specialty fuel additives Market Snapshot
  7.5.1. U.K. Specialty fuel additives Market
  7.5.2. Germany Specialty fuel additives Market
  7.5.3. France Specialty fuel additives Market
  7.5.4. Spain Specialty fuel additives Market
  7.5.5. Italy Specialty fuel additives Market
  7.5.6. Rest of Europe Specialty fuel additives Market
7.6. Asia-Pacific Specialty fuel additives Market Snapshot
  7.6.1. China Specialty fuel additives Market
  7.6.2. India Specialty fuel additives Market
  7.6.3. Japan Specialty fuel additives Market
  7.6.4. Australia Specialty fuel additives Market
  7.6.5. South Korea Specialty fuel additives Market
  7.6.6. Rest of Asia Pacific Specialty fuel additives Market
7.7. Latin America Specialty fuel additives Market Snapshot
  7.7.1. Brazil Specialty fuel additives Market
  7.7.2. Mexico Specialty fuel additives Market
7.8. Middle East & Africa Specialty fuel additives Market
  7.8.1. Saudi Arabia Specialty fuel additives Market
  7.8.2. South Africa Specialty fuel additives Market
  7.8.3. Rest of Middle East & Africa Specialty fuel additives Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Afton Chemical Corporation
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. The Lubrizol Corporation
  8.3.3. Innospec Inc.
  8.3.4. Evonik Industries AG
  8.3.5. Chevron Oronite Company LLC
  8.3.6. Infineum International Limited
  8.3.7. Cummins Inc.
  8.3.8. Croda International PLC
  8.3.9. Huntsman Corporation
  8.3.10. The Dow Chemical Corporation

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Specialty fuel additives Market, report scope
TABLE 2. Global Specialty fuel additives Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Specialty fuel additives Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Specialty fuel additives Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Specialty fuel additives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Specialty fuel additives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Specialty fuel additives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Specialty fuel additives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Specialty fuel additives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Specialty fuel additives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Specialty fuel additives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Specialty fuel additives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Specialty fuel additives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Specialty fuel additives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Specialty fuel additives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Specialty fuel additives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Specialty fuel additives Market
TABLE 70. List of primary sources, used in the study of global Specialty fuel additives Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Specialty fuel additives Market, research methodology
FIG 2. Global Specialty fuel additives Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Specialty fuel additives Market, key trends 2022
FIG 5. Global Specialty fuel additives Market, growth prospects 2023-2030
FIG 6. Global Specialty fuel additives Market, porters 5 force model
FIG 7. Global Specialty fuel additives Market, pest analysis
FIG 8. Global Specialty fuel additives Market, value chain analysis
FIG 9. Global Specialty fuel additives Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Specialty fuel additives Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Specialty fuel additives Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Specialty fuel additives Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Specialty fuel additives Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Specialty fuel additives Market, regional snapshot 2020 & 2030
FIG 15. North America Specialty fuel additives Market 2020 & 2030 (USD Billion)
FIG 16. Europe Specialty fuel additives Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Specialty fuel additives Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Specialty fuel additives Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Specialty fuel additives Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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