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Fuel Additives Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44643
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The fuel additives market share is expected to increase by USD 1.64 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.33%.

This fuel additives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fuel additives market segmentation by type (deposit control additives, cetane improvers, antioxidants, cold flow improvers, and others), application (diesel fuel additives, gasoline fuel additives, aviation fuel additives, and others), and geography (APAC, Europe, North America, MEA, and South America). The fuel additives market report also offers information on several market vendors, including Clariant International Ltd., Croda International Plc, Dorf Ketal Chemicals (I) Pvt. Ltd., Eurenco, Evonik Industries AG, Exxon Mobil Corp., Functional Products Inc., Infineum International Ltd., Innospec Inc., and Qatar Fuel Additives Co. Ltd. among others.

What will the Fuel Additives Market Size be During the Forecast Period?

Fuel Additives Market Size

Download the Free Report Sample to Unlock the Fuel Additives Market Size for the Forecast Period and Other Important Statistics

 

Fuel Additives Market: Key Drivers, Trends, and Challenges

The rising demand for ULSD is notably driving the fuel additives market growth, although factors such as may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fuel additives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fuel Additives Market Driver

The rising demand for ULSD is a major factor driving the global fuel additives market share growth during the forecast period. The use of ULSD decreases harmful emissions from diesel combustion. Also, in conjunction with emission control devices in both on-road and off-road vehicles, the adoption of ULSD can reduce the emission of exhaust gases of particulate matter and ozone precursors to near-zero levels. The improved cetane numbers of ULSD fuel types can reduce fuel consumption, noise and vast smoke exhaust, and emissions. The use of ULSD helps improve combustion efficiency and the quick start of the engine in cold weather conditions. The adoption of cetane, cold flow, and octane improvers are expected to increase due to the rise in the use of ULSD fuel types. Fuel additives to inhibit corrosion and increase lubricity are also added to ULSD to prevent unacceptable engine wear and increase the performance of vehicles. ULSD fuel type is available as diesel fuel in countries such as the US, France, Canada, Germany, the UK, and others. In the US, the EPA has mandated the use of this fuel type since 2010. Therefore, stringent regulations and policies regarding fuel consumption are expected to foster the demand for fuel additives.

Key Fuel Additives Market Trend

The growing demand for multifunctional additives is another factor supporting the global fuel additives market share growth. The growing demand for multifunctional additives in gasoline, diesel, and other fuels is expected to foster the market growth of fuel additives in the near future. These additives provide an efficient and cost-effective way of delivering multiple benefits in a single additive package. Multifunctional diesel additives are more complex and may combine deposit control additive with corrosion inhibitor, cetane number improver, and antifoam additive, among others. The growing interest from consumers, which include end-users of fuels in environment-friendly and sustainable products, has created a substantial demand for multifunctional additives. In recent years, the use of biodiesel is increasing because it is renewable and clean, reduces the level of pollution, and provides cost benefits. On the other hand, the adoption of biodiesel is hampered by the cost of production. Thus, manufacturers are trying to adopt strategies such as the use of efficient catalysts, cheap raw materials, and advanced technologies. Multifunctional additives will play a major role in the production of biofuels in terms of cost reduction, efficiency improvement, and carbon emission reduction. This will drive the growth of the market in a positive direction.

Key Fuel Additives Market Challenge

The rising need for renewable clean fuel is another factor supporting the global fuel additives market share growth during the forecast period. The increasing focus on alternative fuels can be attributed to global energy insecurity, volatile fuel cost, and rising emission levels. The steady depletion of fossil fuel reserves has increased the use of renewable energy resources such as wind, geothermal, and solar for power generation. R&D activities across the world aim at promoting the use of renewable sources of energy and focus on the large-scale production of energy from such sources. The growth of renewable power generation across the world will be mostly favored by the rapid decline in the cost of installing power plants as well as government policies that favor reverse bidding mechanisms. The declining cost of solar technologies, as well as the anticipation of a carbon-constrained future, will drive the use of renewable resources. Also, many energy industry participants are focusing on M&A activities to increase their offerings in the market. Therefore, these energy resources are becoming popular among end-users and will restrict the growth of the global fuel additives market during the forecast period.

This fuel additives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global fuel additives market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fuel additives market during the forecast period.

Who are the Major Fuel Additives Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Clariant International Ltd.
  • Croda International Plc
  • Dorf Ketal Chemicals (I) Pvt. Ltd.
  • Eurenco
  • Evonik Industries AG
  • Exxon Mobil Corp.
  • Functional Products Inc.
  • Infineum International Ltd.
  • Innospec Inc.
  • Qatar Fuel Additives Co. Ltd.

 

This statistical study of the fuel additives market encompasses successful business strategies deployed by the key vendors. The fuel additives market is fragmented and the vendors are deploying growth strategies such as investing in R&D to gain a competitive advantage to compete in the market.

Product Insights and News

  • Clariant International Ltd. - The company offers fuel additives with lubricity improvers, cetane improvers, antistatic additives, and cloud point depressants.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The fuel additives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Fuel Additives Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the fuel additives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global specialty chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Fuel Additives Market?

Fuel Additives Market Market segmentation by region

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44% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the fuel additives market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

The increasing use of fuel additives for applications such as diesel, gasoline, and aviation will facilitate the fuel additives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Fuel Additives Market?

Fuel Additives Market Segmentation

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The fuel additives market share growth in the deposit control additives segment will be significant during the forecast period. The increased use of deposit control additives in various applications of fuel additives, including diesel, gasoline, aviation, and heating fuels will drive the growth of this segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the fuel additives market size and actionable market insights on post COVID-19 impact on each segment.

 

Fuel Additives Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.33%

Market growth 2021-2025

$ 1.64 billion

Market structure

Fragmented

YoY growth (%)

3.53

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 44%

Key consumer countries

US, China, India, Saudi Arabia, and Russian Federation

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Clariant International Ltd., Croda International Plc, Dorf Ketal Chemicals (I) Pvt. Ltd., Eurenco, Evonik Industries AG, Exxon Mobil Corp., Functional Products Inc., Infineum International Ltd., Innospec Inc., and Qatar Fuel Additives Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Fuel Additives Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive fuel additives market growth during the next five years
  • Precise estimation of the fuel additives market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the fuel additives industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fuel additives market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Specialty chemicals

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Diesel fuel additives - Market size and forecast 2020-2025
      • Exhibit 17: Diesel fuel additives - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Diesel fuel additives - Year-over-year growth 2020-2025 (%)
    • 5.4 Gasoline fuel additives - Market size and forecast 2020-2025
      • Exhibit 19: Gasoline fuel additives - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Gasoline fuel additives - Year-over-year growth 2020-2025 (%)
    • 5.5 Aviation fuel additives - Market size and forecast 2020-2025
      • Exhibit 21: Aviation fuel additives - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Aviation fuel additives - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 25: Market opportunity by Application

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 26: Type - Market share 2020-2025 (%)
    • 6.2 Comparison by Type
      • Exhibit 27: Comparison by Type
    • 6.3 Deposit control additives - Market size and forecast 2020-2025
      • Exhibit 28: Deposit control additives - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Deposit control additives - Year-over-year growth 2020-2025 (%)
    • 6.4 Cetane improvers - Market size and forecast 2020-2025
      • Exhibit 30: Cetane improvers - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Cetane improvers - Year-over-year growth 2020-2025 (%)
    • 6.5 Antioxidants - Market size and forecast 2020-2025
      • Exhibit 32: Antioxidants - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: Antioxidants - Year-over-year growth 2020-2025 (%)
    • 6.6 Cold flow improvers - Market size and forecast 2020-2025
      • Exhibit 34: Cold flow improvers - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: Cold flow improvers - Year-over-year growth 2020-2025 (%)
    • 6.7 Others - Market size and forecast 2020-2025
      • 6.8 Market opportunity by Type
        • Exhibit 38: Market opportunity by Type

      7 Customer landscape

      8 Geographic Landscape

      • 8.1 Geographic segmentation
        • Exhibit 40: Market share by geography 2020-2025 (%)
      • 8.2 Geographic comparison
        • Exhibit 41: Geographic comparison
      • 8.3 APAC - Market size and forecast 2020-2025
        • Exhibit 42: APAC - Market size and forecast 2020-2025 ($ million)
        • Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)
      • 8.4 Europe - Market size and forecast 2020-2025
        • Exhibit 44: Europe - Market size and forecast 2020-2025 ($ million)
        • Exhibit 45: Europe - Year-over-year growth 2020-2025 (%)
      • 8.5 North America - Market size and forecast 2020-2025
        • Exhibit 46: North America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 47: North America - Year-over-year growth 2020-2025 (%)
      • 8.6 MEA - Market size and forecast 2020-2025
        • 8.7 South America - Market size and forecast 2020-2025
          • Exhibit 50: South America - Market size and forecast 2020-2025 ($ million)
          • Exhibit 51: South America - Year-over-year growth 2020-2025 (%)
        • 8.8 Key leading countries
          • Exhibit 52: Key leading countries
        • 8.9 Market opportunity by geography
          • Exhibit 53: Market opportunity by geography ($ million)

        9 Drivers, Challenges, and Trends

        • 9.1 Market drivers
          • 9.2 Market challenges
            • Exhibit 54: Impact of drivers and challenges
          • 9.3 Market trends

            10 Vendor Landscape

            • 10.1 Overview
              • Exhibit 55: Vendor landscape
            • 10.2 Landscape disruption
              • Exhibit 56: Landscape disruption
              • Exhibit 57: Industry risks

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 58: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 59: Market positioning of vendors
            • 11.3 Clariant International Ltd.
              • Exhibit 60: Clariant International Ltd. - Overview
              • Exhibit 61: Clariant International Ltd. - Business segments
              • Exhibit 62: Clariant International Ltd. - Key news
              • Exhibit 63: Clariant International Ltd. - Key offerings
              • Exhibit 64: Clariant International Ltd. - Segment focus
            • 11.4 Croda International Plc
              • Exhibit 65: Croda International Plc - Overview
              • Exhibit 66: Croda International Plc - Business segments
              • Exhibit 67: Croda International PLC - Key news
              • Exhibit 68: Croda International Plc - Key offerings
              • Exhibit 69: Croda International Plc - Segment focus
            • 11.5 Dorf Ketal Chemicals (I) Pvt. Ltd.
              • Exhibit 70: Dorf Ketal Chemicals (I) Pvt. Ltd. - Overview
              • Exhibit 71: Dorf Ketal Chemicals (I) Pvt. Ltd. - Product and service
              • Exhibit 72: Dorf Ketal Chemicals (I) Pvt. Ltd. - Key news
              • Exhibit 73: Dorf Ketal Chemicals (I) Pvt. Ltd. - Key offerings
            • 11.6 Eurenco
              • Exhibit 74: Eurenco - Overview
              • Exhibit 75: Eurenco - Product and service
              • Exhibit 76: Eurenco - Key offerings
            • 11.7 Evonik Industries AG
              • Exhibit 77: Evonik Industries AG - Overview
              • Exhibit 78: Evonik Industries AG - Business segments
              • Exhibit 79: Evonik Industries AG - Key news
              • Exhibit 80: Evonik Industries AG - Key offerings
              • Exhibit 81: Evonik Industries AG - Segment focus
            • 11.8 Exxon Mobil Corp.
              • Exhibit 82: Exxon Mobil Corp. - Overview
              • Exhibit 83: Exxon Mobil Corp. - Business segments
              • Exhibit 84: Exxon Mobil Corp. - Key news
              • Exhibit 85: Exxon Mobil Corp. - Key offerings
              • Exhibit 86: Exxon Mobil Corp. - Segment focus
            • 11.9 Functional Products Inc.
              • Exhibit 87: Functional Products Inc. - Overview
              • Exhibit 88: Functional Products Inc. - Product and service
              • Exhibit 89: Functional Products Inc. - Key fferings
            • 11.10 Infineum International Ltd.
              • Exhibit 90: Infineum International Ltd. - Overview
              • Exhibit 91: Infineum International Ltd. - Product and service
              • Exhibit 92: Infineum International Ltd. - Key news
              • Exhibit 93: Infineum International Ltd. - Key offerings
            • 11.11 Innospec Inc.
              • Exhibit 94: Innospec Inc. - Overview
              • Exhibit 95: Innospec Inc. - Business segments
              • Exhibit 96: Innospec Inc. - Key news
              • Exhibit 97: Innospec Inc. - Key offerings
              • Exhibit 98: Innospec Inc. - Segment focus
            • 11.12 Qatar Fuel Additives Co. Ltd.
              • Exhibit 99: Qatar Fuel Additives Co. Ltd. - Overview
              • Exhibit 100: Qatar Fuel Additives Co. Ltd. - Product and service
              • Exhibit 101: Qatar Fuel Additives Co. Ltd. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Currency conversion rates for US$
                • Exhibit 102: Currency conversion rates for US$
              • 12.3 Research methodology
                • Exhibit 103: Research Methodology
                • Exhibit 104: Validation techniques employed for market sizing
                • Exhibit 105: Information sources
              • 12.4 List of abbreviations
                • Exhibit 106: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Fuel Additives Market market growth will increase by $1.64 bn during 2021-2025.
              The fuel additives market market is expected to grow at a CAGR of 4.33% during 2021-2025.
              Technavio has segmented the fuel additives market market by type (Deposit control additives, Cetane improvers, Antioxidants, cold flow improvers, and Others) ,application (Diesel fuel additives, Gasoline fuel additives, Aviation fuel additives, and Others) , and geography (APAC, Europe, North America, MEA, and South America).
              Clariant International Ltd., Croda International Plc, Dorf Ketal Chemicals (I) Pvt. Ltd., Eurenco, Evonik Industries AG, Exxon Mobil Corp., Functional Products Inc., Infineum International Ltd., Innospec Inc., Qatar Fuel Additives Co. Ltd. are a few of the key vendors in the fuel additives market market.
              APAC will register the highest growth rate of 44% among the other regions. Therefore, the fuel additives market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • India
              • Saudi Arabia
              • Russian Federation
              The key factors driving the fuel additives market market growth are:
              • rising demand for ULSD
              The fuel additives market market vendors should focus on grabbing business opportunities from the deposit control additives segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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