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

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44643
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 Fuel Additives Market - 2021-2025

The fuel additives market size is expected to reach a value of USD 1.64 billion, at a CAGR of 4.33%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as rising demand for ULSD are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Fuel Additives Market Size

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Fuel Additives Market Segments

Get actionable insights on the fuel additives market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through 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) in this fuel additives market report to pursue growth opportunities. 

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic fuel additives market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Fuel Additives Market Vendors and Competitive Analysis

The fuel additives market is fragmented and the vendors are deploying growth strategies such as investing in R&D to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The fuel additives market share report highlights the repercussions of the effects of the pandemic across regions and segments, and the entire value chain. To make the most of the emerging opportunities and recover from adverse COVID-19 shock, the market vendors should focus more on leveraging change in consumer behavior and growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full fuel additives market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Fuel Additives Market Vendors

Fuel Additives Market - Region Opportunities 2021-2025

44% of the fuel additives market growth will originate from APAC during the forecast period. China and India are the key markets for fuel additives market in APAC. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Fuel Additives Market Share by Geography

APAC has been exhibiting a significant growth rate for fuel additives market vendors. Factors such as increasing use of fuel additives for applications such as diesel, gasoline, and aviation are accelerating the fuel additives market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The fuel additives market share growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Fuel Additives Market Insights by Type

Fuel Additives Market Share by Type

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The fuel additives market share growth by 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 during 2021-2025. This report provides an accurate prediction of the contribution of all the segments to the growth of the fuel additives market size.

From the fuel additives market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Fuel Additives Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding fuel additives market growth is rising need for renewable clean fuel. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The rising demand for ULSD is a key driver boosting the fuel additives market growth. ULSD is refined diesel fuel with around 15 ppm sulfur content. 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. For instance, the use of ULSD reduced harmful emissions from both on-road and off-road vehicles by more than 90%. ULSD requires a high use of fuel additives such as cetane improvers, octane improvers, antioxidants, and corrosion inhibitors. The improved cetane numbers of ULSD fuel type can reduce fuel consumption, noise and vast smoke exhaust, and emissions. In addition, the use of ULSD helps improve combustion efficiency and the quick start of the engine in cold weather conditions.

Technavio research analysts have done an in-depth analysis of the fuel additives market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.

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Fuel Additives Market Report Outlook

  • 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 market 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

Buy the Fuel Additives Market report now to reimage your business strategies!

 

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%

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

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 future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The fuel additives market growth will increase by $4082.42 million during 2019-2024.
The fuel additives market is expected to grow at a CAGR of 6.82% during 2019-2024.
Technavio has segmented the fuel additives 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 geographic (APAC, Europe, North America, MEA, and South America).
Afton Group, BASF SE, Chevron Corp., Clariant International Ltd., Cummins Inc., DuPont de Nemours Inc., Ecolab Inc., Evonik Industries AG, LyondellBasell Industries NV, The Lubrizol Corp. are a few of the key vendors in the fuel additives market.
APAC will register the highest growth rate of 45.35% among the other regions. Therefore, the fuel additives 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 growth are:
  • Rising demand for ULSD
The fuel additives 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.
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