This report was recently updated on April 12 2024 with the latest and most recent
market numbers
Fuel Additives Market Analysis - Forecasts to 2025 By Product (Deposit Control Additives, Cetane Improvers, Antioxidants, Lubricity Improvers, Cold Flow Improvers, Corrosion Inhibitors), By Application (Gasoline, Diesel, Aviation Turbine Fuel, Others); By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa); End-use Landscape; Vendor Landscape and Competitor Analysis - Global Market Estimates
Market Insights:
The global fuel additives market size accounted for USD 7 billion in 2016 and is anticipated to grow at a CAGR of more than 6% from 2017 to 2025. The increasing demand for low emission and efficient energy source from the assembling, aviation and automobiles along with the stringent atmospheric norms are likely to boost the market growth.
The growing levels of toxic emissions as a consequence of fuel used in vehicles are damaging environment adversely. This adverse effect has led to an increase in use of specialty additives across the globe. These additives help to control harmful gas emissions from the vehicle. It helps to improve efficiency of gasoline, distillates and others. Special additive reduces ignition and burn rate in high temperatures and avoids dreadful discharges of toxins.
Product Insights:
On the basis of products, specialty fuel additives market can be divided into fuel antioxidants, lubricant improvers, corrosion inhibitors, deposit control additives, cold flow improvers, metal deactivators and others.
The cold flow improvers’ product segment is anticipated to witness a rapid growth over the next years. Diesel additives are projected to be the largest segment of the market. The reason behind this growth is rise in fuel consumption and increase in demand for Ultra Low Sulphur Diesel (ULSD). Lubricity improvers are usually used to meet the lubricant requirements of diesel fuel specifications. These are cost efficient and helps to protect against engine wear.
Application Insights:
On the basis of application, gasoline recorded more than 40% of the total market share in 2016. The U.S. has witnessed significant growth due to increased gasoline consumption in the country. But the demand for gasoline is constant in other regions due to increasing diesel demand.
Diesel accounted for the second largest application in 2016 and is anticipated to become the leading segment by 2025. It is projected to grow at CAGR of more than 5 % from 2016 to 2015. Diesel was followed by different fuels such as aviation turbine, marine and heating oil.
The rising emphasis towards developing cleaner fuels, conservation of resources and the need to comply with the stringent regulations are anticipated to drive the specialty fuel additives market.
To address the consistently expanding competition, manufacturers are creating application specific products. However the demand for alternative fuels like LPG and CNG could restrain the growth of this market.
Regional Insights:
North America appeared to be the leading purchaser for specialty fuel additives. Restriction on MTBE in the U.S. has proved to be one of the major factors which is driving the market for specialty fuel additives in North America.
Asia Pacific accounted for more than 25 % of the total revenue in 2016. It is projected to grow rapidly at a high CAGR over the forecast period. It has been anticipated that Asia Pacific will lead the industry by 2025. The European market for specialty fuel additives is likely to be driven by stringent norms imposed on fuel refiners and advertisers.
End Use Landscape:
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase gastrointestinal stents. The major consumers of the product are KWA Nokeng Oil, and HPCL.
Competitor Analysis:
Some of the leading companies in the market are Lubrizol Corporation, Innospec, Infineum, Chevron Oronite Company LLC, Evonik Industries AG, Chemtura Corporation, andBaker Hughes among others.
Please note: This is not an exhaustive list of companies profiled in the report.
On Sept. 11, 2017, Clean Diesel Technologies, Inc., a leader in advanced emission control technology, has announced to sell DuraFit, private label OEM replacement diesel particulate filter and diesel oxidation catalysts product line to AP Exhaust Technologies. Moreover along with the sale, CDTi and AP Exhaust have entered an agreement whereby CDTi will export coating and materials for AP Exhaust technologies.
1 RESEARCH METHODOLOGY
1.1 DESK RESEARCH
1.2 PRIMARY RESEARCH
1.3 ANALYSIS AND OUTPUT
1.4 FINAL OUTPUT FROM DESK AND PRIMARY RESEARCH
2 ECOSYSTEM OVERVIEW
3 TECHNOLOGICAL TRENDS IN FUEL ADDITIVES
4 DEMAND AND SUPPLY MATRIX
4.1 INTRODUCTION
4.2 DEMAND SIDE ANALYSIS
4.2.1 FUEL ADDITIVES: MARKET DRIVERS
4.2.2 FUEL ADDITIVES: MARKET RESTRAINTS
4.2.3 FUEL ADDITIVES: MARKET OPPORTUNITIES
4.2.4 FUEL ADDITIVES: MARKET CHALLENGES
4.3 SUPPLY SIDE ANALYSIS
4.3.1 FUTURE SCENARIO (CAGR% VS. COUNTRY)
4.3.2 MAPPING KEY FUEL ADDITIVES’ MANUFACTURERS
4.3.3 PORTER’S FIVE FORCES ANALYSIS
4.3.3.1 Threat of new entrants
4.3.3.2 Threat of substitutes
4.3.3.3 Bargaining power of buyers
4.3.3.4 Bargaining power of suppliers
4.3.3.5 Intensity of competitive rivalry
4.3.4 FUEL ADDITIVES: TREND ANALYSIS
4.4 PESTLE ANALYSIS
4.5 IMPACT ANALYSIS
4.6 PATENT LISTING
4.7 BEHAVIOURAL ANALYSIS
4.7.1 KEY MACRO INDICATORS
4.7.2 KEY MICRO INDICATORS
5 REGULATORY FRAMEWORK
6 GLOBAL FUEL ADDITIVES, BY APPLICATION
6.1 INTRODUCTION
6.2 GASOLINE
6.3 DIESEL
6.4 AVIATION TURBINE FUEL
6.5 OTHER APPLICATIONS
7 GLOBAL FUEL ADDITIVES, BY PRODUCT
7.1 INTRODUCTION
7.2 DEPOSIT CONTROL ADDITITVES
7.3 CETANE IMPROVERS
7.4 CORROSION INHIBITORS
7.5 ANTIOXIDANTS
7.6 COLD FLOW IMPROVERS
7.7 LUBRICITY IMPROVERS
8 FUEL ADDITIVES MARKET, BY REGION
8.1 INTRODUCTION
8.2 NORTH AMERICA
8.2.1 BY APPLICATION
8.2.2 BY PRODUCT
8.2.3 BY COUNTRY
8.2.3.1 U.S.
8.2.3.1.1 By application
8.2.3.1.2 By product
8.2.3.2 CANADA
8.2.3.2.1 By application
8.2.3.2.2 By product
8.2.3.3 MEXICO
8.2.3.3.1 By application.
8.2.3.3.2 By product.
8.3 EUROPE
8.3.1 BY APPLICATION
8.3.2 BY PRODUCT
8.3.3 BY COUNTRY
8.3.3.1 GERMANY
8.3.3.1.1 By application.
8.3.3.1.2 By product.
8.3.3.2 UK
8.3.3.2.1 By application.
8.3.3.2.2 By product.
8.3.3.3 FRANCE
8.3.3.3.1 By application
8.3.3.3.2 By product
8.3.3.4 SPAIN
8.3.3.4.1 By application.
8.3.3.4.2 By product
8.3.3.5 ITALY
8.3.3.5.1 By application
8.3.3.5.2 By product
8.4 ASIA PACIFIC
8.4.1 BY APPLICATION
8.4.2 BY PRODUCT
8.4.3 BY COUNTRY
8.4.3.1 CHINA
8.4.3.1.1 By application.
8.4.3.1.2 By product.
8.4.3.2 INDIA
8.4.3.2.1 By application.
8.4.3.2.2 By product.
8.4.3.3 JAPAN
8.4.3.3.1 By application
8.4.3.3.2 By product
8.4.3.4 SOUTH KOREA
8.4.3.4.1 By application.
8.4.3.4.2 By product
8.4.3.5 AUSTRALIA
8.4.3.5.1 By application
8.4.3.5.2 By product
8.5 CENTRAL & SOUTH AMERICA
8.5.1 BY APPLICATION
8.5.2 BY PRODUCT
8.5.3 BY COUNTRY
8.5.3.1 BRAZIL
8.5.3.1.1 By application.
8.5.3.1.2 By product.
8.5.3.2 ARGENTINA
8.5.3.2.1 By application
8.5.3.2.2 By product
8.5.3.3 CHILE
8.5.3.3.1 By application.
8.5.3.3.2 By product
8.6 MIDDLE EAST & AFRICA
8.6.1 BY APPLICATION
8.6.2 BY PRODUCT
8.6.3 BY COUNTRY
8.6.3.1 SAUDI ARABIA
8.6.3.1.1 By application.
8.6.3.1.2 By product.
8.6.3.2 SOUTH AFRICA
8.6.3.2.1 By application.
8.6.3.2.2 By product.
8.6.3.3 EGYPT
8.6.3.3.1 By application
8.6.3.3.2 By product
9 GLOBAL FUEL ADDITIVES: END-USER LANDSCAPE (CONSUMER PROFILE)
9.1 INTRODUCTION
9.2 EUROPE
9.3 NORTH AMERICA
9.4 ASIA-PACIFIC
9.5 CENTRAL & SOUTH AMERICA
9.6 MIDDLE EAST & AFRICA
10 VENDOR LANDSCAPE (SUPPLIERS/MANUFACTURERS/DISTRIBUTORS)
10.1 NORTH AMERICA
10.2 EUROPE
10.3 ASIA-PACIFIC
10.4 CENTRAL & SOUTH AMERICA
10.5 MIDDLE EAST & AFRICA
11 COMPANY PROFILE
11.1 ALBEMARLE CORPORATION
11.1.1 BUSINESS DESCRIPTION
11.1.2 FINANCIAL PERFORMANCE
11.1.3 SWOT ANALYSIS
11.1.4 PRODUCTS AND SERVICES OFFERED
11.1.5 STRATEGIC INITIATIVES
11.2 CLARIANT
11.2.1 BUSINESS DESCRIPTION
11.2.2 FINANCIAL PERFORMANCE
11.2.3 SWOT ANALYSIS
11.2.4 PRODUCTS AND SERVICES OFFERED
11.2.5 STRATEGIC INITIATIVES
11.3 NEWMARKET CORPORATION
11.3.1 BUSINESS DESCRIPTION
11.3.2 FINANCIAL PERFORMANCE
11.3.3 SWOT ANALYSIS
11.3.4 PRODUCTS AND SERVICES OFFERED
11.3.5 STRATEGIC INITIATIVES
11.4 BASF SE
11.4.1 BUSINESS DESCRIPTION
11.4.2 FINANCIAL PERFORMANCE
11.4.3 SWOT ANALYSIS
11.4.4 PRODUCTS AND SERVICES OFFERED
11.4.5 STRATEGIC INITIATIVES
11.5 INFINEUM INTERNATIONAL LIMITED
11.5.1 BUSINESS DESCRIPTION
11.5.2 FINANCIAL PERFORMANCE
11.5.3 SWOT ANALYSIS
11.5.4 PRODUCTS AND SERVICES OFFERED
11.5.5 STRATEGIC INITIATIVES
11.6 INNOSPEC INC.
11.6.1 BUSINESS DESCRIPTION
11.6.2 FINANCIAL PERFORMANCE
11.6.3 SWOT ANALYSIS
11.6.4 PRODUCTS AND SERVICES OFFERED
11.6.5 STRATEGIC INITIATIVES
11.7 BAKER HUGHES
11.7.1 BUSINESS DESCRIPTION
11.7.2 FINANCIAL PERFORMANCE
11.7.3 SWOT ANALYSIS
11.7.4 PRODUCTS AND SERVICES OFFERED
11.7.5 STRATEGIC INITIATIVES
11.8 LANXESS AKTIENGESELLSCHAFT
11.8.1 BUSINESS DESCRIPTION
11.8.2 FINANCIAL PERFORMANCE
11.8.3 SWOT ANALYSIS
11.8.4 PRODUCTS AND SERVICES OFFERED
11.8.5 STRATEGIC INITIATIVES
11.9 THE DOW CHEMICAL COMPANY
11.9.1 BUSINESS DESCRIPTION
11.9.2 FINANCIAL PERFORMANCE
11.9.3 SWOT ANALYSIS
11.9.4 PRODUCTS AND SERVICES OFFERED
11.9.5 STRATEGIC INITIATIVES
11.10 CHEVRON ORONITE S.A
11.10.1 BUSINESS DESCRIPTION
11.10.2 FINANCIAL PERFORMANCE
11.10.3 SWOT ANALYSIS
11.10.4 PRODUCTS AND SERVICES OFFERED
11.10.5 STRATEGIC INITIATIVES
11.11 THE LUBRIZOL CORPORATION.
11.11.1 BUSINESS DESCRIPTION
11.11.2 FINANCIAL PERFORMANCE
11.11.3 SWOT ANALYSIS
11.11.4 PRODUCTS AND SERVICES OFFERED
11.11.5 STRATEGIC INITIATIVES
11.12 TOTAL S.A.
11.12.1 BUSINESS DESCRIPTION
11.12.2 FINANCIAL PERFORMANCE
11.12.3 SWOT ANALYSIS
11.12.4 PRODUCTS AND SERVICES OFFERED
11.12.5 STRATEGIC INITIATIVES
11.13 DORF KETAL CHEMICALS LLC
11.13.1 BUSINESS DESCRIPTION
11.13.2 FINANCIAL PERFORMANCE
11.13.3 SWOT ANALYSIS
11.13.4 PRODUCTS AND SERVICES OFFERED
11.13.5 STRATEGIC INITIATIVES
11.14 EURENCO, INC.
11.14.1 BUSINESS DESCRIPTION
11.14.2 FINANCIAL PERFORMANCE
11.14.3 SWOT ANALYSIS
11.14.4 PRODUCTS AND SERVICES OFFERED
11.14.5 STRATEGIC INITIATIVES
11.15 NALCO COMPANY
11.15.1 BUSINESS DESCRIPTION
11.15.2 FINANCIAL PERFORMANCE
11.15.3 SWOT ANALYSIS
11.15.4 PRODUCTS AND SERVICES OFFERED
11.15.5 STRATEGIC INITIATIVES
The global fuel additives market research report has been studied from the year 2016 till 2025. However, the CAGR provided in the market study is from the year 2017 to 2025. The market research methods involved three stages: Desk research, Primary survey research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the fuel additives market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, demand forecasting, market share analysis, SWOT analysis of the company’s manufacturing fuel additives, and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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