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Global $8.7B Fuel Additives Market by Type & Application (2019-2023): Key Players are Lubrizol Corp, Chevron Oronite Company, Innospec, BASF, and Afton Chemical Corp - ResearchAndMarkets.com

May 16, 2019 GMT

DUBLIN--(BUSINESS WIRE)--May 16, 2019--

The “Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.


The fuel additives market size was USD 7,141.7 million in 2017 and is projected to reach USD 8,712.5 million by 2023, at a CAGR of 3.1% between 2018 and 2023.

The fuel additives market is largely driven by stringent government regulations in developed countries. Governments all over the world are imposing stringent environmental regulations to address growing concerns about the harmful effects of greenhouse gas (GHG) emissions. On the other hand, the rise in demand for alternate fuels is restraining the market.

The fuel additives market is dominated by the key market players such as the Lubrizol Corporation (US), Chevron Oronite Company LLC (US), Innospec (US), BASF SE (Germany), and Afton Chemical Corporation (US), among others.

The lubricity improvers segment is expected to be the fastest-growing type of fuel additives, in terms of value, between 2018 and 2023

The lubricity improvers segment is expected to witness the highest growth, in terms of value, during the forecast period. The increasing government regulations regarding fuel emissions are mandating manufacturers to reduce sulfur levels in fuel.

Due to the reduced sulfur content, the lubricity of fuel decreases. This, in turn, is driving the consumption of lubricity improvers. Moreover, there is an increase in the use of lubricity improvers for the longevity of engine life and better fuel efficiency.

Diesel is estimated to account for the largest share of the overall fuel additives market, in terms of value, between 2018 and 2023

The market for diesel fuel additives has been driven by the developing economies of APAC. North America, and Europe that are now focusing on the use of ULSD, which has higher dosing of additives than normal diesel.


The global diesel consumption is expected to increase during the forecast period, and the quantity of additives used is likely to increase to meet stringent environmental norms. This is expected to drive the market between 2018 and 2023.

APAC is expected to be the fastest-growing fuel additives market during the forecast period

The APAC fuel additives market is estimated to witness considerable growth during the forecast period. The fuel additives market in APAC is projected to register the highest CAGR, in terms of volume, during the forecast period.

The rising awareness regarding the advantages of fuel additives plays a key role in the growth of the market in the region. The increasing emission norms in developing countries, including China and India are expected to drive the fuel additives market during the forecast period.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Significant Opportunities in the Fuel Additives Market

4.2 Fuel Additives Market Size, By Region

4.3 North America Fuel Additives Market, By Application and Country

4.4 Fuel Additives Market Size, By Type

4.5 Fuel Additives Market Attractiveness

4.6 Fuel Additives Market Size, By Application and Region

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers Stringent Governmental Regulations Growing Automotive Industry Degrading Quality of Crude Oil

5.2.2 Restraints Rise in Demand for Alternate Fuels Huge Investment in R&D

5.2.3 Opportunities Increase in Demand for Ultra-Low Sulfur Diesel (ULSD)

5.3 Porter’s Five Forces Analysis

5.4 Industry Outlook

5.4.1 Automotive Industry

6 Fuel Additives Market, By Type

6.1 Introduction

6.2 Deposit Control

6.3 Cetane Improvers

6.4 Lubricity Improvers

6.5 Cold Flow Improvers

6.6 Stability Improvers

6.7 Octane Improvers

6.8 Corrosion Inhibitors

6.9 Anti-Icing Additives

6.1 Dyes & Markers

6.11 Others

7 Fuel Additives Market, By Application

7.1 Introduction

7.2 Diesel

7.3 Gasoline

7.4 Aviation Fuel

7.5 Others

8 Fuel Additives Market, By Region

8.1 Introduction

8.2 North America

8.3 APAC

8.4 Europe

8.5 Middle East & Africa

8.6 South America

9 Competitive Landscape

9.1 Introduction

9.2 Competitive Leadership Mapping, Tier 1 Companies

9.2.1 Visionary Leaders

9.2.2 Dynamic Differentiators

9.2.3 Innovators

9.3 Strength of Product Portfolio

9.4 Business Strategy Excellence

9.5 Competitive Leadership Mapping (Small and Medium-Sized Enterprises)

9.5.1 Progressive Companies

9.5.2 Responsive Companies

9.5.3 Dynamic Companies

9.5.4 Starting Blocks

9.6 Strength of Product Portfolio

9.7 Business Strategy Excellence

9.8 Market Share Analysis

9.8.1 Afton Chemical Corporation

9.8.2 Innospec Inc.

9.8.3 The Lubrizol Corporation

9.9 Competitive Scenario

9.9.1 New Product Launch

9.9.2 Acquisition

9.9.3 Expansion

10 Company Profiles

10.1 Innospec Inc.

10.2 Chevron Oronite Company LLC

10.3 The Lubrizol Corporation

10.4 Afton Chemical Corporation

10.5 Evonik Industries AG

10.6 BASF SE

10.7 Lanxess

10.8 Dorf Ketal Chemicals

10.9 Infineum International Limited

10.10 Cummins Inc.

10.11 Cerion LLC

10.12 Other Key Market Players

10.12.1 Total S.A.

10.12.2 Baker Hughes, a GE Company LLC

10.12.3 Clariant AG

10.12.4 Croda International PLC

10.12.5 Eni S.p.A.

10.12.6 Qatar Fuel Additives Company (Qafac)

10.12.7 Solvay

10.12.8 Huntsman Corporation

10.12.9 The Dow Chemical Company

10.12.10 Eastman Chemical Corporation

10.12.11 The Armor All/STP Products Company, a Spectrum Brands Company

10.12.12 Iftex Oil & Chemicals Ltd.

10.12.13 Eastern Petroleum

10.12.14 Lucas Oil Products Inc.

10.12.15 The Chemours Company

For more information about this report visit https://www.researchandmarkets.com/r/hz1mpy

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Related Topics:Gasoline and Diesel ,Fuel Additives



SOURCE: Research and Markets

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PUB: 05/16/2019 11:31 AM/DISC: 05/16/2019 11:31 AM