The Global Fuel Additive Market was valued at USD 6.3 billion in 2017 and growing at a CAGR of 7.5% during the forecast period of 2018 to 2025.Some of the major players operating in the market are –Town of Newmarket, BASF SE, Innospec, Infineum International Limited, Albemarle Corporation, Baker Hughes Incorporated, LANXESS, Chevron Oronite Company LLC, The Lubrizol Corporation, Evonik Industries AG, Legal Notice – Eurenco, Clariant among others.
Global Fuel Additive Market, By Type (Deposit Control Additives, Cetane Improvers, Antioxidants, Dyes And Markers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Corrosion Inhibitors, Octane Improvers, Others), By Application (Diesel Fuel Additives, Gasoline Fuel Additives, Aviation Fuel Additives, Others), By End User Applications, By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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The global fuel additive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fuel additive market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
- Growing fuel demand among consumers
- Growing awareness among users regarding the benefits of fuel additives
- Rise in demand of high fuel efficiency
- Increasing regulations stringent and emission standards adopted by various countries
- Economic restraints and reduction of oil drain in developed nations are the major restraints
Major Market Drivers & Restraints:
- High adoption in smartphones and portable electronics market
- Introduction of efficient, economic, and compact MEMS technology
- High demand in the automation industry
- Strict government regulations for the automotive vertical
- Lack of standardization and technical awareness
- Extremely intricate manufacturing method and demanding cycle time
Major Topics Covered in this Report:
- Study Coverage
- Executive Summary
- Market Size by Manufacturers
- Market Size by Type
- Market Size by Application
- Manufacturers Profiles
- Production Forecasts
- Consumption Forecast
- Upstream, Industry Chain and Downstream Customers Analysis
- Opportunities & Challenges, Threat and Affecting Factors
- Key Findings
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- The fuel additive market is segmented based on Type, region, end user applications and functions.
- Based on type the market is classified into deposit control additives, cetane improvers, antioxidants, corrosion inhibitors, lubricity improvers, dyes and markers, cold flow improvers, stability improvers, octane improvers, anti-icing fuel additives and other fuel additives.
- Based on application the market is classified into diesel fuel additives, gasoline fuel additives, aviation fuel additives and other application fuel additives.
- On the basis of end user applications the market is classified into gasoline, diesel and others (aviation fuel, marine fuel, and heating oil).
- Based on geography the global fuel additive market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others
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