The global specialty fuel additives market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for cleaner fuels and stringent government regulations on emissions from vehicles. The demand for specialty fuel additives in gasoline and diesel applications is expected to increase due to the growing number of vehicles in emerging economies such as China and India, which are major contributors to air pollution.
The deposit control additives segment accounted for the largest share of this market in 2017, followed by cetane improvers, antioxidants, lubricity improvers, and others (e.g., corrosion inhibitors). Deposit control additives are used as an additive that prevents or reduces engine deposits caused by combustion processes; they are mainly used in gasoline engines with direct injection systems that have high levels of particulate matter emissions (PM). Cetane improvers are used as an additive that improves ignition quality and combustion efficiency; they are mainly used in diesel engines with direct injection systems that have low levels of PM emissions. Antioxidants prevent oxidation reactions from occurring within fuel molecules; they are mainly used in aviation turbine fuels because these fuels do not contain any oxygen molecules themselves but require protection against oxidation reactions caused by atmospheric oxygen molecules present outside the aircraft's cabin environment during flight time periods when aircraft engines operate at high power settings without any cooling airflow over their surfaces due to reduced air pressure inside the cabin environment relative to atmospheric pressure outside it. Lubricity improvers improve lubricity properties such as viscosity index (VI) or pour point depression index (PPI) which help reduce engine wear rates; they can be applied either alone or together with other types of specialty fuel additives depending on their desired effect on engine performance parameters such as PM emission levels or VI/PPI values.
Some Of The Growth Factors Of This Market:
- The global Specialty Fuel Additives market is driven by the increasing demand for fuel additives in emerging economies such as China and India, which are witnessing rapid economic growth and industrialization.
- The global Specialty Fuel Additives market is also driven by the increasing demand for fuel additives in developed economies such as Europe and North America, which are witnessing an increase in vehicle ownership rates and stringent emission norms to reduce air pollution levels.
- Increasing awareness about environmental protection among consumers has led to increased adoption of fuel additives that help reduce emissions from vehicles, thereby reducing air pollution levels across various regions globally including Asia Pacific, North America, Europe and Rest of World (RoW) This has led to increased demand for fuel additives globally over the past few years with a significant share coming from Asia Pacific region due to its high population density coupled with rapid economic growth rates leading to increased vehicle ownership rates in this region over the past few years; this has resulted in higher consumption of fuels per capita than other regions globally including North America and Europe where there are stringent emission norms imposed on vehicles that use diesel or gasoline fuels respectively; these factors have led to higher adoption of fuel additives across these regions leading them towards being one of the fastest growing markets for specialty fuels worldwide during 2018-2025 period when compared with other regions like RoW where there are no strict emission norms imposed on vehicles using diesel or gasoline fuels respectively; this will lead RoW region towards being one of the slowest growing markets for specialty fuels worldwide during 2018-2025 period when compared with other regions like Asia Pacific where there are high population density coupled with rapid economic growth rates leading to increased vehicle ownership rates over last few years resulting in higher consumption per capita than any other region globally including North America or Europe where there are stringent emission norms imposed on vehicles using diesel or gasoline fuels respectively; these factors have led RoW region towards being one of slowest growing markets for specialty fuels worldwide during 2018-2025 period when compared with other regions like Asia Pacific where there is high population density coupled with rapid economic growth rates leading to increased vehicle ownership rate over last few years resulting in higher consumption per capita than any other region globally including North America or Europe where there are stringent emission norms imposed on vehicles using diesel or gasoline fuels respectively.
Industry Growth Insights published a new data on “Specialty Fuel Additives Market”. The research report is titled “Specialty Fuel Additives Market research by Types (Deposit Control Additives, Cetane Improvers, Antioxidants, Lubricity Improvers, Other), By Applications (Gasoline, Diesel, Aviation Turbine Fuel, Other), By Players/Companies BASF, Total, Chevron Oronite, Chemtura, Evonik Industries, Clariant, Dorf Ketal, Eurenco, Dow Chemical Company, Infineum, Innospec, Lubrizol, NALCO Champion, Albemarle, Baker Hughes”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Fuel Additives Market Research Report
By Type
Deposit Control Additives, Cetane Improvers, Antioxidants, Lubricity Improvers, Other
By Application
Gasoline, Diesel, Aviation Turbine Fuel, Other
By Companies
BASF, Total, Chevron Oronite, Chemtura, Evonik Industries, Clariant, Dorf Ketal, Eurenco, Dow Chemical Company, Infineum, Innospec, Lubrizol, NALCO Champion, Albemarle, Baker Hughes
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Fuel Additives Market Report Segments:
The global Specialty Fuel Additives market is segmented on the basis of:
Types
Deposit Control Additives, Cetane Improvers, Antioxidants, Lubricity Improvers, Other
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, Diesel, Aviation Turbine Fuel, Other
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:
- BASF
- Total
- Chevron Oronite
- Chemtura
- Evonik Industries
- Clariant
- Dorf Ketal
- Eurenco
- Dow Chemical Company
- Infineum
- Innospec
- Lubrizol
- NALCO Champion
- Albemarle
- Baker Hughes
Highlights of The Specialty 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:
- Deposit Control Additives
- Cetane Improvers
- Antioxidants
- Lubricity Improvers
- Other
- By Application:
- Gasoline
- Diesel
- Aviation Turbine Fuel
- Other
- 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 Specialty 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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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?
Specialty fuel additives are chemicals that are added to gasoline or diesel fuel to improve its performance. These additives can help reduce emissions, increase engine efficiency, and protect the fuel from corrosion.
Some of the major companies in the specialty fuel additives market are BASF, Total, Chevron Oronite, Chemtura, Evonik Industries, Clariant, Dorf Ketal, Eurenco, Dow Chemical Company, Infineum, Innospec, Lubrizol, NALCO Champion, Albemarle, Baker Hughes.
The specialty fuel additives market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Fuel Additives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Specialty Fuel Additives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Specialty Fuel Additives Market - Supply Chain
4.5. Global Specialty Fuel Additives Market Forecast
4.5.1. Specialty Fuel Additives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Fuel Additives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Specialty Fuel Additives Market Absolute $ Opportunity
5. Global Specialty Fuel Additives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Specialty Fuel Additives Market Size and Volume Forecast by Type
5.3.1. Deposit Control Additives
5.3.2. Cetane Improvers
5.3.3. Antioxidants
5.3.4. Lubricity Improvers
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Specialty Fuel Additives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Specialty Fuel Additives Market Size and Volume Forecast by Application
6.3.1. Gasoline
6.3.2. Diesel
6.3.3. Aviation Turbine Fuel
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Specialty Fuel Additives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Specialty Fuel Additives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Specialty Fuel Additives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Specialty Fuel Additives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Specialty Fuel Additives Demand Share Forecast, 2019-2026
9. North America Specialty Fuel Additives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Specialty Fuel Additives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Specialty Fuel Additives Market Size and Volume Forecast by Application
9.4.1. Gasoline
9.4.2. Diesel
9.4.3. Aviation Turbine Fuel
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Specialty Fuel Additives Market Size and Volume Forecast by Type
9.7.1. Deposit Control Additives
9.7.2. Cetane Improvers
9.7.3. Antioxidants
9.7.4. Lubricity Improvers
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Specialty Fuel Additives Demand Share Forecast, 2019-2026
10. Latin America Specialty Fuel Additives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Specialty Fuel Additives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Specialty Fuel Additives Market Size and Volume Forecast by Application
10.4.1. Gasoline
10.4.2. Diesel
10.4.3. Aviation Turbine Fuel
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Specialty Fuel Additives Market Size and Volume Forecast by Type
10.7.1. Deposit Control Additives
10.7.2. Cetane Improvers
10.7.3. Antioxidants
10.7.4. Lubricity Improvers
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Specialty Fuel Additives Demand Share Forecast, 2019-2026
11. Europe Specialty Fuel Additives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Specialty Fuel Additives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Specialty Fuel Additives Market Size and Volume Forecast by Application
11.4.1. Gasoline
11.4.2. Diesel
11.4.3. Aviation Turbine Fuel
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Specialty Fuel Additives Market Size and Volume Forecast by Type
11.7.1. Deposit Control Additives
11.7.2. Cetane Improvers
11.7.3. Antioxidants
1.7.4. Lubricity Improvers
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Specialty Fuel Additives Demand Share, 2019-2026
12. Asia Pacific Specialty Fuel Additives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Specialty Fuel Additives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Specialty Fuel Additives Market Size and Volume Forecast by Application
12.4.1. Gasoline
12.4.2. Diesel
12.4.3. Aviation Turbine Fuel
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Specialty Fuel Additives Market Size and Volume Forecast by Type
12.7.1. Deposit Control Additives
12.7.2. Cetane Improvers
12.7.3. Antioxidants
12.7.4. Lubricity Improvers
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Specialty Fuel Additives Demand Share, 2019-2026
13. Middle East & Africa Specialty Fuel Additives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Specialty Fuel Additives Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Specialty Fuel Additives Market Size and Volume Forecast by Application
13.4.1. Gasoline
13.4.2. Diesel
13.4.3. Aviation Turbine Fuel
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Specialty Fuel Additives Market Size and Volume Forecast by Type
13.7.1. Deposit Control Additives
13.7.2. Cetane Improvers
13.7.3. Antioxidants
13.7.4. Lubricity Improvers
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Specialty Fuel Additives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Specialty Fuel Additives Market: Market Share Analysis
14.2. Specialty Fuel Additives Distributors and Customers
14.3. Specialty Fuel Additives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Total
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chevron Oronite
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chemtura
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Evonik Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Clariant
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dorf Ketal
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eurenco
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dow Chemical Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Infineum
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Innospec
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lubrizol
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NALCO Champion
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Albemarle
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Baker Hughes
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
