Fuel Additive Market, By Type, By Fuel Type, By Geography

Description

Global fuel additive market is estimated to be valued at USD 9.48 Bn in 2024 and is expected to reach USD 12.30 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 9.48 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	3.80%	2031 Value Projection:	US$ 12.30 Bn

Figure. Fuel Additive Market Share (%), By Region, 2024

Global fuel additive market growth is driven by stringent regulations regarding fuel efficiency and vehicular emissions. Fuel additives are formulated chemicals that are added to vehicular fuels like gasoline and diesel to enhance performance characteristics. These help in improving fuel combustion, inhibiting corrosion, enhancing lubricity, controlling deposits and cleaning engines. With growing awareness about environmental protection and sustainable transportation, there will be huge demand for high-performance fuel additives from automakers. Furthermore, rapid industrialization and infrastructure development across emerging economies have also significantly boosted commercial vehicle fleet, thus, augmenting consumption of diesel engine fuel and associated additives.

Market Dynamics:

Stringent norms regarding vehicular emissions and fuel efficiency standards set by regulatory bodies around the world can boost adoption of sophisticated fuel additives. Growth in international trade, urbanization and industrial & agricultural activity has led to considerable rise in transportation via road, rail, sea and air, thus, boosting need for superior quality fuels and additives.

Volatility in raw material prices poses a major challenge for fuel additive manufacturers. Moreover, availability of crude oil-based substitutes at lower costs can also hamper the market growth.

Ongoing research & development of bio-based and synthetic additives for renewable fuels like ethanol and biodiesel can open up new avenues

Key features of the study:

This report provides in-depth analysis of the global fuel additive market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global fuel additive market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include TotalEnergies, BASF SE, Evonik Industries AG, The Lubrizol Corporation, Chevron Oronite Company LLC, Afton Chemical Corporation, Innospec Inc., Infineum International Limited, Dorf Ketal Chemicals, Lanxess, Cummins Inc., Baker Hughes Company, Clariant AG, Solvay, Huntsman Corporation, Exxon Mobil Corporation, Qatar Fuel Additives Company (Qafac), Eastman Chemical Company, Cargill Incorporated, and The Dow Chemical Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global fuel additive market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fuel additive market

Detailed Segmentation-

Type Insights (Revenue, USD Bn, 2019 - 2031)
- Deposit Control Additives
- Octane Boosters
- Lubricity Additives
- Cold Flow Improvers
- Antioxidants
- Others
Fuel Type Insights (Revenue, USD Bn, 2019 - 2031)
- Gasoline
- Diesel
- Aviation Fuel
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- TotalEnergies
- BASF SE
- Evonik Industries AG
- The Lubrizol Corporation
- Chevron Oronite Company LLC
- Afton Chemical Corporation
- Innospec Inc.
- Infineum International Limited
- Dorf Ketal Chemicals
- Lanxess
- Cummins Inc.
- Baker Hughes Company
- Clariant AG
- Solvay
- Huntsman Corporation
- Exxon Mobil Corporation
- Qatar Fuel Additives Company (Qafac)
- Eastman Chemical Company
- Cargill Incorporated
- The Dow Chemical Company

Product Code: CMI7402

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Fuel Type
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Fuel Additive Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Fuel Additive Market - COVID-19
Impact Analysis

5. Global Fuel Additive Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Deposit Control Additives
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Octane Boosters
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Lubricity Additives
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Cold Flow Improvers
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Antioxidants
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Fuel Additive Market, By Fuel Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Gasoline
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Diesel
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Aviation Fuel
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Fuel Additive Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (US$ Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- TotalEnergies
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Evonik Industries AG
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- The Lubrizol Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Chevron Oronite Company LLC
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Afton Chemical Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Innospec Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Infineum International Limited
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Dorf Ketal Chemicals
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Lanxess
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Cummins Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Baker Hughes Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Clariant AG
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Solvay
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Huntsman Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Exxon Mobil Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Qatar Fuel Additives Company (Qafac)
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Eastman Chemical Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Cargill Incorporated
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- The Dow Chemical Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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