Global Fuel Additives and Lubricants Market, By Fuel Additives Type (Deposit Control Additives, Cetane Improvers, Antioxidants, Dyes and Markers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Corrosion Improvers, Octane Improvers, Anti-Icing Fuel Additives, Others), Lubricant Base Stock (Bio-Based Lubricants, Mineral Oil Lubricants, Synthetic Lubricants, Semi-Synthetic Lubricants), Lubricant Type (Engine Oil, Transmission and Hydraulic Fluids, Metalworking Fluids, General Industrial Oils, Gear Oil, Greases, Process Oils, Others), Fuel Additives Application (Diesel Fuel Additives, Aviation Fuel Additives, Gasoline Fuel Additives), End User (Power Generation, Heavy Equipment, Food and Beverage, Metallurgy and Metal Working, Chemical Manufacturing, Industrial, Automotive, Marine, Aerospace, 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 2028
Market Analysis and Insights : Global Fuel Additives and Lubricants Market
Fuel additives and lubricants market size is valued at USD 12.73 billion by 2028 and is expected to grow at a compound annual growth rate of 6.95% in the forecast period of 2021 to 2028. While, lubricants market size is valued at USD 171.95 billion by 2028 and is expected to grow at a compound annual growth rate of 3.55% in the forecast period of 2021 to 2028.
Fuel additives are the type of chemical compounds used for the improvement of performance, and better levels of efficiency of the vehicles. Whereas, lubricants are the chemical compounds that are used for enhancement in functioning and performance of the vehicle and resulting in less friction between the motor parts.
The high demand for high-performance engines leading the lubricants industry to grow and nurture has highly influenced growth of the fuel additives and lubricants market. In line with this, the high growth of the automotive industry and the ensuing increase in demand of fuel additives and lubricants is also acting as a key determinant favoring the growth of the fuel additives and lubricants market over the forecast period of 2021 to 2028. Also the, strict governmental regulations and degrading quality of crude oil are also positively impacting the growth of the fuel additives and lubricants market. The major factor accountable for the growth of the market is the growth of refinery capacities and lower crude oil prices. Beside this, the growing e-commerce industry to increase customer reach is also flourishing the growth of the fuel additives and lubricants market. However, the high growth in demand for hybrid vehicles and rising battery price parity along with increase in demand for alternate fuels may act as key restraint towards fuel additives and lubricants market growth rate in the forecast period of 2021 to 2028, whereas the strict environmental norms and continuous reforms by governments have the potential to challenge the growth of the fuel additives and lubricants market in the above mentioned forecast period.
Furthermore, the high demand for renewable energy and rapid increase in demand for ultra-low sulfur diesel (ULSD) will further offer a variety of growth opportunities for the fuel additives and lubricants market in the above mentioned forecast period.
This fuel additives and lubricants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 additives and lubricants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fuel Additives and Lubricants Market Scope and Market Size
Fuel additives and lubricants market is segmented on the basis of fuel additives type, lubricant base stock, lubricant type, fuel additives application and end user. 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.
- On the basis of fuel additives type, the fuel additives and lubricants market is segmented into deposit control additives, cetane improvers, antioxidants, dyes and markers, lubricity improvers, cold flow improvers, stability improvers, corrosion improvers, octane improvers, anti-icing fuel additives and others.
- Based on lubricant base stock, the fuel additives and lubricants market is segmented into bio-based lubricants, mineral oil lubricants, synthetic lubricants and semi-synthetic lubricants.
- On the basis of lubricant type, the fuel additives and lubricants market is segmented into engine oil, transmission and hydraulic fluids, metalworking fluids, general industrial oils, gear oil, greases, process oils and others. Engine oil is further segmented into light motor vehicle engine oil and heavy-duty motor vehicle engine oil. Transmission and hydraulic fluids are further segmented into industrial hydraulic fluids and automatic transmission fluids. General industrial oils are further segmented into turbine oil, compressor and refrigeration oil and electrical oil. Gear oil is further segmented into transportation gear oils and industrial gear oils. Greases are further segmented into industrial, transportation, process oil, white oil, rubber oil and others.
- Based on fuel additives application, the fuel additives and lubricants market is segmented into diesel fuel additives, aviation fuel additives and gasoline fuel additives.
- The end user segment for fuel additives and lubricants market is segmented into power generation, heavy equipment, food and beverage, metallurgy and metal working, chemical manufacturing, industrial, automotive, marine, aerospace and others.
Fuel Additives and Lubricants Market Country Level Analysis
Fuel additives and lubricants market is analyzed and market size, volume information is provided by country, fuel additives type, lubricant base stock, lubricant type, fuel additives application and end user as referenced above.
The countries covered in the fuel additives and lubricants 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 leads the fuel additives and lubricants market because of the strict environmental regulations within this region. Europe is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to high growth of various industrial sectors, coupled with the increasing number of automobiles within this particular region.
The country section of the fuel additives and lubricants market 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 Additives and Lubricants Market Share Analysis
Fuel additives and lubricants 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 additives and lubricants market.
The major players covered in the fuel additives and lubricants market report are Chevron Corporation, Exxon Mobil Corporation, The Lubrizol Corporation, Afton Chemical, Fuel Performance Solutions Ltd., Evonik Industries AG, BASF SE, LANXESS, Total, Innospec, Dorfketal Chemicals (I) Pvt. Ltd., Infineum International Limited, Soham Chemicals, AMSOIL INC, Blaser Swisslube, DINOIL ITALIA, Croda International Plc, ERC Emissions-Reduzierungs-Concepte GmbH, Xsnano International Co., Ltd., and NCH Corporation 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.
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