Global Fuel Additive Market, By Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel Fuel Additives, Gasoline Fuel Additives, Aviation Fuel Additives, Others), Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel Fuel Additives, Gasoline Fuel Additives, Aviation Fuel Additives, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Fuel additive market will grow at a rate of 4.38% for the forecast period of 2020 to 2027. Growing fuel demand among consumers is a vital factor driving the growth of fuel additive market swiftly.
Fuel additives are the type of compounds formulated to enhance the quality and efficiency of fuels used in motor vehicles. They increase a fuel's octane rating or act as lubricants or corrosion inhibitors, thus allowing the use of higher compression ratios for better power and efficiency. Fuel additives can help to avoid problems such as weak acceleration, rough idling, stumbling and stalling and are available in several forms, such as liquid, powder or pill.
Rising awareness among users regarding the benefits of fuel additives is the vital factor escalating the market growth, also rise in demand of high fuel efficiency, degrading quality of crude oil and stringent governmental regulations are the major factors among others driving the fuel additive market. Moreover, rise in the demand for ultra-low sulfur diesel and advancements in machinery will further create new opportunities for the fuel additive market in the forecast period of 2020- 2027.
However, rise in demand for alternate fuels, rising growth in demand for hybrid vehicles and rising battery price parity and huge investment in research and development are the major factors among others acting as restraints, and will further challenge the growth of fuel additive market in the forecast period mentioned above.
This fuel additive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fuel additive market us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fuel Additive Market Scope and Market Size
Fuel additive market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on application, the fuel additive market is segmented into diesel fuel additives, gasoline fuel additives, aviation fuel additives and others
- The fuel additive market is segmented on the basis of type into deposit control, cetane improvers, lubricity improvers, cold flow improvers, stability improvers, octane improvers and corrosion inhibitors
Fuel Additive Market Country Level Analysis
Fuel additive market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the fuel additive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fuel additive market due to the to the growing fuel consumption. Asia-Pacific is the expected region in terms of growth in increasing demand from the automotive aviation industries, increasing demand for high performance and efficient of vehicles and rising disposable income in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fuel Additive Market Share Analysis
Fuel additive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fuel additive market.
The major players covered in the fuel additive market report are Innospec, The Lubrizol Corporation, BASF SE, Infineum International Limited., Chevron Corporation, Cummins Inc., Cerion, LLC., Royal Dutch Shell Plc, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Nizhnekamskneftekhim., Repsol, Exxon Mobil Corporation., TPC Group, Formosa Plastics Corporation, U.S.A., Shanghai Petrochemical, Borealis AG., Versalis S.p.A., Kothari Petrochemicals among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Fuel Additive Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.