Market Overview:
The global automotive fuel additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles, especially in developing countries such as China and India. In addition, the increasing awareness about the benefits of using automotive fuel additives is also contributing to the growth of this market. The global automotive fuel additives market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into gasoline additives, diesel additives and others (including biofuels). The gasoline additive segment is expected to account for a major share of this market during the forecast period owing to its growing demand in developed countries such as North America and Europe. However, with rising awareness about environmental concerns among consumers in developing countries such as China and India, there is an increase in demand for diesel-powered vehicles which are equipped with diesel additive systems that help reduce emissions from these vehicles. This is likely to result in higher growth rates for both segments during the forecast period. On the basis of application, it can be classified into gasoline vehicles and diesel vehicles segments respectively . Among these two segments ,the gasoline vehicle segment accounted for majority share due high penetration rate across all regions followed by Asia Pacific region .However ,during forecast period ,diesel vehiclesegment will witness highest CAGR due stringent emission norms being implemented by various governments across globe .
Product Definition:
Automotive fuel additives are chemicals that are added to gasoline and diesel fuel in order to improve their performance. They can help to clean the engine, protect it against corrosion, and improve the fuel economy. Some additives also help to reduce emissions from vehicles.
Gasoline Additives:
Gasoline additives are the substances added to gasoline to improve its octane rating and reduce harmful emissions. The primary function of gasoline additives is to prevent the soot or deposit formation on engine parts. Gasoline additives also help in improving fuel efficiency, reducing engine wear & tear, and enhancing performance by removing moisture from gas streams.
Diesel Additives:
Diesel additives are the chemical compounds that are added to diesel fuel during its processing in order to improve combustion, reduce smoke emissions and increase fuel efficiency. The primary function of diesel additives is to prevent soot or deposit formation on engine parts due to incomplete combustion.
The global market for diesel additives is expected witness significant growth over the forecast period owing to increasing demand from major end-use industries such as automotive, construction and manufacturing among others.
Application Insights:
Gasoline vehicles application dominated the global automotive fuel additives market, accounting for over 60.0% share of the overall revenue in 2017. The segment is expected to witness significant growth on account of increasing demand for gasoline fueled vehicles in developed economies such as U.S., Canada, Germany and France due to stringent emission norms prescribed by these countries.
Diesel vehicle application segment is also expected to witness significant growth owing to rising demand for diesel-powered cars and trucks in developing countries such as China, India and Brazil on account of their low cost nature coupled with improved performance characteristics as compared with gasoline engines.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for automobiles on account of rising disposable income, changing lifestyle, and rapid urbanization. China is one of the major markets in this region owing to low production costs coupled with large consumer base.
North America was valued at USD X million in 2017 and is anticipated to witness significant growth over the forecast period owing to high demand from U.S., which accounts for maximum number of vehicles across all categories including light commercial vehicles (LCVs) and passenger cars.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global automotive industry is witnessing a shift towards fuel-efficient vehicles. This is primarily because of the increasing concerns over environmental pollution and climate change. In order to meet the stringent emission norms, OEMs are increasingly focusing on developing fuel-efficient technologies and products. This is expected to drive the demand for automotive fuel additives in the coming years.
- Stringent emission norms: Stringent emission norms are being implemented across various countries worldwide in an effort to reduce air pollution levels. For instance, Euro 6 Norms were introduced in Europe in September 2014, which aimed at reducing nitrogen oxide (NOx) emissions from diesel cars by up to 95%. Similar initiatives are being undertaken by other countries as well, which is expected to drive the demand for automotive fuel additives over the next few years.
- Growing popularity of alternative fuels: The popularity of alternative fuels such as ethanol and biodiesel is growing rapidly across the globe due to their environmental benefits over traditional fossil fuels like petrol and diesel . This is providing a major impetus tothe growth ofthe automotivefuel additives market . For instance, accordingto a studyby MarketsandMarkets ,the globalethanolmarketis projectedtogrow ata CAGRof 9% from 2016to 2021 .This trendisexpectedtoresultinanincreaseddemandforautomotivefueladditivesin thenearfuture .
- . Rising consumer awareness about vehicle maintenance: There
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Fuel Additives Market Research Report
By Type
Gasoline Additives, Diesel Additives, Others
By Application
Gasoline Vehicles, Diesel Vehicles
By Companies
Chevron Oronite, Lubrizol, 3M Auto, STP, Stanadyne Additives, Afton Chemical, Wynn’s, BASF, BRB International, IPAC, Chevron Oronite, SFR Corp, AMS Oil, MC Chemical, LSC, Cataclean, Schaeffer Oil, Redline Oil, Biobor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Fuel Additives Market Report Segments:
The global Automotive Fuel Additives market is segmented on the basis of:
Types
Gasoline Additives, Diesel Additives, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Gasoline Vehicles, Diesel Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chevron Oronite
- Lubrizol
- 3M Auto
- STP
- Stanadyne Additives
- Afton Chemical
- Wynn’s
- BASF
- BRB International
- IPAC
- Chevron Oronite
- SFR Corp
- AMS Oil
- MC Chemical
- LSC
- Cataclean
- Schaeffer Oil
- Redline Oil
- Biobor
Highlights of The Automotive Fuel Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gasoline Additives
- Diesel Additives
- Others
- By Application:
- Gasoline Vehicles
- Diesel Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Fuel Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive fuel additives are chemicals that are added to gasoline and diesel fuels to improve performance, reduce emissions, or both. Common automotive fuel additives include octane boosters (such as MTBE), detergents (such as SAE 10W-30), corrosion inhibitors (such as BCP-11), and anti-foaming agents.
Some of the key players operating in the automotive fuel additives market are Chevron Oronite, Lubrizol, 3M Auto, STP, Stanadyne Additives, Afton Chemical, Wynn’s, BASF, BRB International, IPAC, Chevron Oronite, SFR Corp, AMS Oil, MC Chemical, LSC, Cataclean, Schaeffer Oil, Redline Oil, Biobor.
The automotive fuel additives market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Fuel Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Fuel Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Fuel Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Fuel Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Fuel Additives Market Size & Forecast, 2018-2028
4.5.1 Automotive Fuel Additives Market Size and Y-o-Y Growth
4.5.2 Automotive Fuel Additives Market Absolute $ Opportunity
Chapter 5 Global Automotive Fuel Additives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Fuel Additives Market Size Forecast by Type
5.2.1 Gasoline Additives
5.2.2 Diesel Additives
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Fuel Additives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Fuel Additives Market Size Forecast by Applications
6.2.1 Gasoline Vehicles
6.2.2 Diesel Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Fuel Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Fuel Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Fuel Additives Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Fuel Additives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Fuel Additives Market Size Forecast by Type
9.6.1 Gasoline Additives
9.6.2 Diesel Additives
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Fuel Additives Market Size Forecast by Applications
9.10.1 Gasoline Vehicles
9.10.2 Diesel Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Fuel Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Fuel Additives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Fuel Additives Market Size Forecast by Type
10.6.1 Gasoline Additives
10.6.2 Diesel Additives
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Fuel Additives Market Size Forecast by Applications
10.10.1 Gasoline Vehicles
10.10.2 Diesel Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Fuel Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Fuel Additives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Fuel Additives Market Size Forecast by Type
11.6.1 Gasoline Additives
11.6.2 Diesel Additives
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Fuel Additives Market Size Forecast by Applications
11.10.1 Gasoline Vehicles
11.10.2 Diesel Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Fuel Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Fuel Additives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Fuel Additives Market Size Forecast by Type
12.6.1 Gasoline Additives
12.6.2 Diesel Additives
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Fuel Additives Market Size Forecast by Applications
12.10.1 Gasoline Vehicles
12.10.2 Diesel Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Fuel Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Fuel Additives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Fuel Additives Market Size Forecast by Type
13.6.1 Gasoline Additives
13.6.2 Diesel Additives
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Fuel Additives Market Size Forecast by Applications
13.10.1 Gasoline Vehicles
13.10.2 Diesel Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Fuel Additives Market: Competitive Dashboard
14.2 Global Automotive Fuel Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chevron Oronite
14.3.2 Lubrizol
14.3.3 3M Auto
14.3.4 STP
14.3.5 Stanadyne Additives
14.3.6 Afton Chemical
14.3.7 Wynn’s
14.3.8 BASF
14.3.9 BRB International
14.3.10 IPAC
14.3.11 Chevron Oronite
14.3.12 SFR Corp
14.3.13 AMS Oil
14.3.14 MC Chemical
14.3.15 LSC
14.3.16 Cataclean
14.3.17 Schaeffer Oil
14.3.18 Redline Oil
14.3.19 Biobor
