Market Overview:
The global refinery fuel additives market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for gasoline and diesel across the globe. In addition, stringent environmental regulations are also driving the demand for refinery fuel additives. The global refinery fuel additives market is segmented on the basis of type, application, and region. On the basis of type, antioxidants, cold-flow improvers, conductivity improver, dehazer scavengers octane improver cetane number improver lubricity improver are included in this study. Antioxidants held a dominant position in 2017 and is expected to maintain its dominance during the forecast period as well owing to its properties such as inhibiting corrosion and oxidation of fuels which helps in improving performance and storage stability of fuels. On account of growing concerns over air quality degradation caused by vehicular emissions especially nitrogen oxides (NOx) & particulate matter (PM), Asia Pacific is estimatedto be fastest growing regional segment for refinery fuel additive market over next 10 years .
Product Definition:
Refinery fuel additives are chemicals that are added to the fuel in a refinery. They help to improve the quality of the fuel and make it more efficient.
Antioxidants:
Antioxidants are organic compounds that prevent the oxidation of other compounds. Oxidation is a chemical reaction in which an oxygen molecule is added to another compound, and the resulting compound being unstable, it will break down or combust if not handled properly. Antioxidants act as anti-oxidants by preventing the addition of oxygen to various substances.
Cold-Flow Improvers:
The global cold-flow improvers market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period on account of rising demand for clean fuels with low sulfur content across the globe. Cold-flow improvers are additives that enhance fuel efficiency by reducing foam formation, corrosion, and scaling in pipelines during transportation & storage as well as during processing operations within refineries.
Application Insights:
Gasoline production accounted for a share of over 80% in 2016 and is expected to continue its dominance over the forecast period. The growing demand for gasoline as an automobile fuel due to its high energy content is projected to remain a key factor driving the refinery fuel additives market growth.
Diesel production also accounts for a significant share in the global refinery fuel additives market owing to rising demand from various end-use industries such as construction, automotive, marine and energy sectors. Growing diesel consumption across various applications including power generation, heating and cooling equipment has been contributing significantly towards industry growth.
Refinery operators are focusing on increasing their overall product portfolio by launching new products targeted at improving specific characteristics of gasoline or diesel fuels such as cetane number, octane rating or detergent properties which can be used across multiple grades of distillates produced from crude oil refineries.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing demand for fuel additives from several major end-use industries, such as automotive, power generation, industrial gas turbines and marine applications. Increasing automobile production in China and India coupled with favorable government regulations aimed at increasing the fuel efficiency of vehicles is anticipated to drive product demand over the forecast period.
The Asia Pacific refining industry has witnessed significant growth on account of rising petrochemical investments by various governments across countries such as China, India, Thailand and Indonesia. This factor is projected to have a positive impact on product demand during the forecast period. In addition, factors such as low labor costs along with easy access to energy sources are attracting refineries across Middle East & Africa (MEA) towards expansion projects which will propel product consumption further over next eight years or so till 2030 time frame).
Growth Factors:
- Increasing demand for fuel additives from the transportation sector as a result of stringent emission norms by regulatory authorities across the globe.
- Growing demand for refinery fuel additives from emerging economies due to increasing industrialization and urbanization.
- Rising investments in research and development activities by leading players to develop innovative products that can meet the specific needs of different end-use segments.
- Proliferation of new applications for refinery fuel additives in various industries such as automotive, aerospace, marine, etc., which is expected to create new growth opportunities for market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Refinery Fuel Additives Market Research Report
By Type
Antioxidants, Cold-Flow Improvers, Conductivity Improver, Dehazer, Scavengers, Octane Improver, Cetane Number Improver, Lubricity Improver, Others
By Application
Gasoline Production, Diesel Production, Others
By Companies
Dorf Ketal, Innospec, Afton Chemical, BASF SE, Total, ECIC, Infineum, Racheme Fze, Clariant, Callington Haven, WRT BV, Nalco
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Refinery Fuel Additives Market Report Segments:
The global Refinery Fuel Additives market is segmented on the basis of:
Types
Antioxidants, Cold-Flow Improvers, Conductivity Improver, Dehazer, Scavengers, Octane Improver, Cetane Number Improver, Lubricity Improver, 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 Production, Diesel Production, Others
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:
- Dorf Ketal
- Innospec
- Afton Chemical
- BASF SE
- Total
- ECIC
- Infineum
- Racheme Fze
- Clariant
- Callington Haven
- WRT BV
- Nalco
Highlights of The Refinery 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:
- Antioxidants
- Cold-Flow Improvers
- Conductivity Improver
- Dehazer
- Scavengers
- Octane Improver
- Cetane Number Improver
- Lubricity Improver
- Others
- By Application:
- Gasoline Production
- Diesel Production
- Others
- 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 Refinery 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.
How you may use our products:
- 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?
Refinery fuel additives are chemicals that are added to gasoline and diesel fuels to improve their performance. These additives can help reduce emissions, increase fuel efficiency, and protect engines from damage.
Some of the major companies in the refinery fuel additives market are Dorf Ketal, Innospec, Afton Chemical, BASF SE, Total, ECIC, Infineum, Racheme Fze, Clariant, Callington Haven, WRT BV, Nalco.
The refinery 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 Refinery 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 Refinery Fuel Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refinery 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 Refinery 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 Refinery Fuel Additives Market Size & Forecast, 2018-2028
4.5.1 Refinery Fuel Additives Market Size and Y-o-Y Growth
4.5.2 Refinery Fuel Additives Market Absolute $ Opportunity
Chapter 5 Global Refinery 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 Refinery Fuel Additives Market Size Forecast by Type
5.2.1 Antioxidants
5.2.2 Cold-Flow Improvers
5.2.3 Conductivity Improver
5.2.4 Dehazer
5.2.5 Scavengers
5.2.6 Octane Improver
5.2.7 Cetane Number Improver
5.2.8 Lubricity Improver
5.2.9 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Refinery 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 Refinery Fuel Additives Market Size Forecast by Applications
6.2.1 Gasoline Production
6.2.2 Diesel Production
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refinery 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 Refinery 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 Refinery Fuel Additives Analysis and Forecast
9.1 Introduction
9.2 North America Refinery 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 Refinery Fuel Additives Market Size Forecast by Type
9.6.1 Antioxidants
9.6.2 Cold-Flow Improvers
9.6.3 Conductivity Improver
9.6.4 Dehazer
9.6.5 Scavengers
9.6.6 Octane Improver
9.6.7 Cetane Number Improver
9.6.8 Lubricity Improver
9.6.9 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 Refinery Fuel Additives Market Size Forecast by Applications
9.10.1 Gasoline Production
9.10.2 Diesel Production
9.10.3 Others
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 Refinery Fuel Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Refinery 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 Refinery Fuel Additives Market Size Forecast by Type
10.6.1 Antioxidants
10.6.2 Cold-Flow Improvers
10.6.3 Conductivity Improver
10.6.4 Dehazer
10.6.5 Scavengers
10.6.6 Octane Improver
10.6.7 Cetane Number Improver
10.6.8 Lubricity Improver
10.6.9 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 Refinery Fuel Additives Market Size Forecast by Applications
10.10.1 Gasoline Production
10.10.2 Diesel Production
10.10.3 Others
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 Refinery Fuel Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Refinery 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 Refinery Fuel Additives Market Size Forecast by Type
11.6.1 Antioxidants
11.6.2 Cold-Flow Improvers
11.6.3 Conductivity Improver
11.6.4 Dehazer
11.6.5 Scavengers
11.6.6 Octane Improver
11.6.7 Cetane Number Improver
11.6.8 Lubricity Improver
11.6.9 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 Refinery Fuel Additives Market Size Forecast by Applications
11.10.1 Gasoline Production
11.10.2 Diesel Production
11.10.3 Others
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 Refinery Fuel Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Refinery 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 Refinery Fuel Additives Market Size Forecast by Type
12.6.1 Antioxidants
12.6.2 Cold-Flow Improvers
12.6.3 Conductivity Improver
12.6.4 Dehazer
12.6.5 Scavengers
12.6.6 Octane Improver
12.6.7 Cetane Number Improver
12.6.8 Lubricity Improver
12.6.9 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 Refinery Fuel Additives Market Size Forecast by Applications
12.10.1 Gasoline Production
12.10.2 Diesel Production
12.10.3 Others
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) Refinery Fuel Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Refinery 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) Refinery Fuel Additives Market Size Forecast by Type
13.6.1 Antioxidants
13.6.2 Cold-Flow Improvers
13.6.3 Conductivity Improver
13.6.4 Dehazer
13.6.5 Scavengers
13.6.6 Octane Improver
13.6.7 Cetane Number Improver
13.6.8 Lubricity Improver
13.6.9 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) Refinery Fuel Additives Market Size Forecast by Applications
13.10.1 Gasoline Production
13.10.2 Diesel Production
13.10.3 Others
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 Refinery Fuel Additives Market: Competitive Dashboard
14.2 Global Refinery Fuel Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dorf Ketal
14.3.2 Innospec
14.3.3 Afton Chemical
14.3.4 BASF SE
14.3.5 Total
14.3.6 ECIC
14.3.7 Infineum
14.3.8 Racheme Fze
14.3.9 Clariant
14.3.10 Callington Haven
14.3.11 WRT BV
14.3.12 Nalco
