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The fuel additives market share in APAC is expected to increase by USD 870.28 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.64%.
This fuel additives market in APAC 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 in APAC segmentation by application (diesel fuel additives, gasoline fuel additives, aviation fuel additives, and others) and geography (China, Japan, India, Australia, and Rest of APAC). The fuel additives market in APAC report also offers information on several market vendors, including Afton Group, Baker Hughes Co., BASF SE, Chevron Corp., Clariant International Ltd., Croda International Plc, Dorf Ketal Chemicals (I) Pvt. Ltd., Exxon Mobil Corp., Innospec Inc., and The Lubrizol Corp. among others.
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The rising demand for ULSD is notably driving the fuel additives market growth in APAC, although factors such as growing demand for electric vehicles in the automotive industry 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 in APAC. 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 in APAC
The rising demand for ULSD is one of the key drivers supporting the fuel additives market growth in APAC. 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 types can reduce fuel consumption, noise and vast smoke exhaust, and emissions. However, 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. These factors are expected to boost the growth of the fuel additives market in APAC during the forecast period.
Key Fuel Additives Market Trend in APAC
New developments in fuel additives is one of the key fuel additives market trends in APAC. For instance, fuel additive companies are using new technology to dissolve water in fuel, which can eliminate and treat fuel contamination and reduce harmful fuel emissions by up to 70%. The development of next-generation fuel additives for more potent corrosion protection of fuel systems is on the rise. These fuel additives are specially formulated to protect fuel tanks and systems from corrosion and sludge formation without damaging aluminum and copper. Another innovation in the fuel additive is the introduction of Wax Breaker for Marine Gas Oil and Marine Diesel Oil. These additives are developed for marine applications to prevent coagulation at low temperatures. They help in achieving low viscosity for marine fuel and improve the fluidity of fuel at low temperatures, thus preventing a potential accident. Such factors are boosting market growth.
Key Fuel Additives Market Challenge in APAC
The growing demand for electric vehicles in the automotive industry is one of the factors hindering the fuel additives market growth in APAC. Concerns regarding environmental sustainability have led vendors in the automotive industry to manufacture electric vehicles to reduce emissions. Significantly, the growing demand for electric vehicles in countries such as India, China, Japan, and others is expected to pose a threat to fuel additives. For example, in 2019, more than 2 million electric cars were sold globally, and China accounted for half of the total sales. This will be a major challenging factor for fuel additives manufacturers across the world. Thus, the growing innovation and research for alternative fuel technologies are expected to hinder the growth of the fuel additives market in APAC.
This fuel additives market in APAC 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 2022-2026.
Technavio categorizes the fuel additives market in APAC 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 in APAC during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the fuel additives market in APAC encompasses successful business strategies deployed by the key vendors. The fuel additives market in APAC is fragmented and the vendors are deploying growth strategies such as R&D, quality, price, marketing strategies, market expansion, investments, and distribution networks to compete in the market.
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 in APAC forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the fuel additives market in APAC, 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 the specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 07 Parent market
*Exhibit 08: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 09: Value Chain Analysis: Sprciality Chemicals
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*2.2.7 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 10: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 11: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 14: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 15: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 16: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 17: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 18: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 19: Threat of rivalry
**4.7 Market condition
*Exhibit 20: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*Exhibit 21: Application Market share 2021 - 2026 (%)
**5.2 Comparison by Application
*Exhibit 22: Comparison by Application
**5.3 Diesel fuel additives - Market size and forecast 2021-2026
*Exhibit 23: Diesel fuel additives- Market size and forecast 2021-2026 ($ million)
*Exhibit 24: Diesel fuel additives- Year-over-year growth 2021-2026 (%)
**5.4 Gasoline fuel additives - Market size and forecast 2021-2026
*Exhibit 25: Gasoline fuel additives- Market size and forecast 2021-2026 ($ million)
*Exhibit 26: Gasoline fuel additives - Year-over-year growth 2021-2026 (%)
**5.5 Aviation fuel additives - Market size and forecast 2021-2026
*Exhibit 27: Aviation fuel additives- Market size and forecast 2021-2026 ($ million)
*Exhibit 28: Aviation fuel additives- Year-over-year growth 2021-2026 (%)
**5.6 Others - Market size and forecast 2021-2026
*Exhibit 29: Others- Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Others- Year-over-year growth 2021-2026 (%)
**5.7 Market opportunity by Application
*Exhibit 31: Market opportunity by Application
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 32: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 33: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 34: Geographic comparison
**7.3 China - Market size and forecast 2021-2026
*Exhibit 35: China - Market size and forecast 2021-2026($ million)
*Exhibit 36: China - Year-over-year growth 2021-2026 (%)
**7.4 Japan- Market size and forecast 2021-2026
*Exhibit 37: Japan - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: Japan- Year-over-year growth 2021-2026(%)
**7.5 India- Market size and forecast 2021-2026
*Exhibit 39: India - Market size and forecast 2021-2026 ($ million)
*Exhibit 40: India- Year-over-year growth 2021-2026 (%)
**7.6 Australia- Market size and forecast 2021-2026
*Exhibit 41: Australia - Market size and forecast 2021-2026 ($ million)
*Exhibit 42: Australia - Year-over-year growth 2021-2026 (%)
**7.7 Rest of APAC - Market size and forecast 2021-2026
*Exhibit 43: Rest of APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 44: Rest of APAC - Year-over-year growth 2021-2026 (%)
**7.8 Market opportunity by geography
*Exhibit 45: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rising demand for ULSD
*8.1.2 Growing demand for fuel from end-user industries
*8.1.3 Increasing demand for biofuels
**8.2 Market challenges
*8.2.1 Growing demand for electric vehicles in the automotive industry
*8.2.2 Rising need for renewable clean fuel
*8.2.3 Stringent regulations and policies
*Exhibit 46: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 New developments in fuel additives
*8.3.2 Growing demand for multifunctional additives
*8.3.3 Increasing popularity of mobile power plants
***9. Vendor Landscape
**9.1 Competitive Scenario
**9.2 Overview
*Exhibit 47: Vendor landscape
**9.3 Landscape disruption
*Exhibit 48: Landscape disruption
*Exhibit 49: Industry Risk
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 50: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 51: ?Market positioning of vendors?
**10.3 Afton Group
*Exhibit 52: Afton Group - Overview
*Exhibit 53: Afton Group - Product and service
*Exhibit 54: Afton Group - Key offerings
**10.4 Baker Hughes Co.
*Exhibit 55: Baker Hughes Co. - Overview
*Exhibit 56: Baker Hughes Co. - Business segments
*Exhibit 57: Baker Hughes Co.- Key news
*Exhibit 58: Baker Hughes Co. - Key offerings
*Exhibit 59: Baker Hughes Co. - Segment focus
**10.5 BASF SE
*Exhibit 60: BASF SE - Overview
*Exhibit 61: BASF SE - Business segments
*Exhibit 62: BASF SE- Key news
*Exhibit 63: BASF SE - Key offerings
*Exhibit 64: BASF SE - Segment focus
**10.6 Chevron Corp.
*Exhibit 65: Chevron Corp. - Overview
*Exhibit 66: Chevron Corp. - Business segments
*Exhibit 67: Chevron Corp. - Key news
*Exhibit 68: Chevron Corp. - Key offerings
*Exhibit 69: Chevron Corp. - Segment focus
**10.7 Clariant International Ltd.
*Exhibit 70: Clariant International Ltd. - Overview
*Exhibit 71: Clariant International Ltd. - Business segments
*Exhibit 72: Clariant International Ltd. - Key news
*Exhibit 73: Clariant International Ltd. - Key offerings
*Exhibit 74: Clariant International Ltd. - Segment focus
**10.8 Croda International Plc
*Exhibit 75: Croda International Plc - Overview
*Exhibit 76: Croda International Plc - Business segments
*Exhibit 77: Croda International Plc - Key news
*Exhibit 78: Croda International Plc - Key offerings
*Exhibit 79: Croda International Plc - Segment focus
**10.9 Dorf Ketal Chemicals (I) Pvt. Ltd.
*Exhibit 80: Dorf Ketal Chemicals (I) Pvt. Ltd. - Overview
*Exhibit 81: Dorf Ketal Chemicals (I) Pvt. Ltd. - Product and service
*Dorf Ketal Chemicals (I) Pvt. Ltd. - Key news
*Exhibit 82: Dorf Ketal Chemicals (I) Pvt. Ltd. - Key offerings
**10.10 Exxon Mobil Corp.
*Exhibit 83: Exxon Mobil Corp. - Overview
*Exhibit 84: Exxon Mobil Corp. - Business segments
*Exhibit 85: Exxon Mobil Corp. - Key news
*Exhibit 86: Exxon Mobil Corp. - Key offerings
*Exhibit 87: Exxon Mobil Corp. - Segment focus
**10.11 Innospec Inc.
*Exhibit 88: Innospec Inc. - Overview
*Exhibit 89: Innospec Inc. - Business segments
*Exhibit 90: Innospec Inc. - Key offerings
*Exhibit 91: Innospec Inc. - Segment focus
**10.12 The Lubrizol Corp.
*Exhibit 92: The Lubrizol Corp. - Overview
*Exhibit 93: The Lubrizol Corp. - Product and service
*Exhibit 94: The Lubrizol Corp.- Key news
*Exhibit 95: The Lubrizol Corp. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 96: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 97: ?Research Methodology
*Exhibit 98: ??Validation techniques employed for market sizing?
*Exhibit 99: ??Information sources
**11.4 List of abbreviations
*Exhibit 100: List of abbreviations
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