Fuel Additives Market Size, Share, Opportunities, and Trends By Type (Deposit Control Additives, Cetane Improvers, Antioxidants, Dyes, Lubricity Additives, Corrosion Inhibitors, Others), By Application (Gasoline, Diesel, Others), And By Geography - Forecasts From 2023 To 2028

The fuel additives market was valued at US$9.561 billion in 2021 and is projected to expand at a CAGR of 6.97% over the forecast period to reach US$15.322 billion by 2028.

Fuel additives help improve the efficiency of fuels like gasoline and diesel. The fuel additives market can broadly be classified into, refinery products like antioxidants, distribution system products like corrosion inhibitors, and automotive performance enhancement products like deposit control additives and cetane improvers. Factors driving growth in the market are stringent government regulations for fuel efficiency and environmental protection, increasing demand for ultra-low Sulphur diesel, and increased automobile production in large markets.  Asia Pacific region is projected to witness high growth over the forecast period on account of rising automobile sales in the region.

This research study examines the fuel additives market based on various segments: type, application, and geography. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the Fuel additives industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.          

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the Fuel additives market. Moreover, the research study analyzes the overall regulatory framework of the Fuel additives sector, offering stakeholders a better understanding of the key factors influencing the overall market environment. 

Fuel additives market – Forecasts from 2023 to 2028 are a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.  

The scope and coverage of the fuel additives market report are as below: 

• Fuel additives market data tables and charts
• Market outlook with sections on drivers, restraints, Porter’s, and industry value chain analysis
• Market assessment by type into deposit control additives, cetane improvers, antioxidants, dyes, lubricity additives, corrosion inhibitors, and others.
• Detailed market trends, analysis, and graphical representation by application into gasoline, diesel, and others.
• A 360 degree view of the demand for fuel additives solutions/services across different geographies (North America, South America, Europe, Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.  

Fuel Additives Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$9.561 billion
Market Size Value in 2028	US$15.322 billion
Growth Rate	CAGR of 6.97% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Application, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Afton Chemical Corporation, BASF, Lubrizol Corporation, Huntsman Corporation, AkzoNobel, Lanxess (Chemtura Corporation), Chevron Oronite, Evonik Industries
Customization Scope	Free report customization with purchase

 

Different segments covered under the fuel additives market report are as below:

• By Type

• • Deposit Control Additives
  • Cetane Improvers
  • Antioxidants
  • Dyes
  • Lubricity Additives
  • Corrosion Inhibitors
  • Others
• By Application

• • Gasoline
  • Diesel
  • Others
• By Geography

• • North America

• • • United States
    • Canada
    • Mexico

• • South America

• • • Brazil
    • Argentina
    • Others

• • Europe

• • • United Kingdom
    • Germany
    • France
    • Spain
    • Others

• • The Middle East and Africa

• • • Saudi Arabia
    • UAE
    • Israel
    • Others

• • Asia Pacific

• • • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY 

2.1. Research Data

2.2. Research Design

2.3. Validation

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. FUEL ADDITIVES MARKET BY TYPE

5.1. Introduction

5.2. Deposit Control Additives

5.3. Cetane Improvers

5.4. Antioxidants

5.5. Dyes

5.6. Lubricity Additives

5.7. Corrosion Inhibitors

5.8. Others

6. FUEL ADDITIVES MARKET BY APPLICATION

6.1. Introduction

6.2. Gasoline

6.3. Diesel

6.4. Others

7. FUEL ADDITIVES MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. Japan

7.6.2. China

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES    

9.1. Afton Chemical Corporation

9.2. BASF

9.3. Lubrizol Corporation

9.4. Huntsman Corporation

9.5. AkzoNobel

9.6. Lanxess (Chemtura Corporation)

9.7. Chevron Oronite

9.8. Evonik Industries

*Not an exhaustive list

Afton Chemical Corporation

BASF

Lubrizol Corporation

Huntsman Corporation

AkzoNobel

Lanxess (Chemtura Corporation)

Chevron Oronite

Evonik Industries

*Not an exhaustive list