Global Fuel Additive Market Research Report – Forecast till 2025

Global Fuel Additive Market Research Report – Forecast till 2025

Market Dynamics
Global Fuel Additives Market is anticipated to exhibit a healthy CAGR of over 3.66% to surpass USD 10,294.37 Million by the end of 2025. These fuel additives are used for petrol and diesel engines and ensure expansive benefits such as carburetors, injectors, and intake valves clean, and extracting water from the fuel system. Fuel additives also help to prevent problems, such as rough idling, weak acceleration, stumbling, and stalling.
Global Fuel Additives Market is estimated to record a notable growth rate during the assessment period. This growth of the fuel additives market is driven by the expanding automotive industry worldwide. Moreover, the rising demand for light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs) worldwide is expected to surge the global market during the review period. However, the fluctuation in crude oil prices and the high cost associated with the R&D activities are expected to be the major restraining factor for global market growth. Also, the increasing preference for alternate fuels and the growing adoption of electric vehicles are expected to limit the market during the study period. Additionally, the COVID-19 outbreak has caused a significant impact on fuel demand due to restrictions on trade and regional & local movement, which prevents the transmission of goods and people.
Market Segmentation
Global Fuel Additive has been classified into three major segments Type, Fuel Type, and Application.
Based on the Type category, the market has been segmented into deposit control, cetane & octane boosters, lubricity improvers, cold flow improvers, stability improvers, corrosion inhibitors, and others.
In terms of Fuel Type, the fuel additives market has been categorized into diesel, gasoline, aviation fuel, and others.
The diesel segment is expected to register a higher CAGR of 3.94% during the review period owing to its high consumption in end-use industries. The gasoline segment accounted for the second-largest share in 2018.
By Application segment, the global fuel additives market has been divided into passenger vehicles, commercial vehicles, off-highway equipment, aircraft, marine vessels, industrial, and others.
Regional Analysis
The region-specific analysis of the Global Fuel Additive Market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The Asia-Pacific contributes the biggest market share to register a healthy CAGR of around 4.32% owing to a market contribution of 43% in 2018, with a market value of around USD 3,453.83 million. The regional market is driven by the growing industrialization in the emerging economies of Asia-Pacific.
Europe is expected to drive the second largest market for global fuel additives followed by North America. The growth of the Middle East and Latin American markets is expected to register the fastest growing market because of the expanding automotive industry.
Major Players
The prominent players in the Global Fuel Additive Market are Innospec (US), The Lubrizol Corporation (US), Afton Chemical (US), BASF SE (Germany), Chevron Corporation (US), LANXESS (Germany), Clariant (US), Infineum International Limited (UK), BARDAHL Manufacturing Corporation (US), and Wynn's (Belgium).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 20

1.1.1 GLOBAL FUEL ADDITIVES MARKET, BY TYPE 21

1.1.2 GLOBAL FUEL ADDITIVES MARKET, BY FUEL TYPE 22

1.1.3 GLOBAL FUEL ADDITIVES MARKET, BY APPLICATION 23

1.1.4 GLOBAL FUEL ADDITIVES MARKET, BY REGION 24

2 MARKET INTRODUCTION
2.1 DEFINITION 25

2.2 SCOPE OF THE STUDY 25

2.3 MARKET STRUCTURE 26

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 27

3.2 PRIMARY RESEARCH 28

3.3 SECONDARY RESEARCH 29

3.4 MARKET SIZE ESTIMATION 29

3.5 TOP-DOWN AND BOTTOM-UP APPROACH 30

3.6 FORECAST MODEL 31

3.7 LIST OF ASSUMPTIONS 32

4 MARKET DYNAMICS
4.1 INTRODUCTION 33

4.2 DRIVERS 34

4.2.1 GROWING AUTOMOTIVE INDUSTRY 34

4.2.2 INCREASING ENVIRONMENTAL REGULATIONS 36

4.2.3 DEGRADING QUALITY OF CRUDE OIL 36

4.3 RESTRAINTS 37

4.3.1 GROWING PREFERENCE FOR ALTERNATIVE FUELS 37

4.3.2 INCREASING ADOPTION OF ELECTRIC VEHICLES 37

4.4 OPPORTUNITIES 38

4.4.1 INCREASING DEMAND FOR ULTRA-LOW SULFUR DIESEL (ULSD) 38

4.4.2 EXPANDING INDUSTRIALIZATION IN DEVELOPING COUNTRIES 39

4.4.3 GROWING AUTOMOTIVE INDUSTRY IN LATIN AMERICA AND THE MIDDLE EAST 39

4.5 CHALLENGES 40

4.5.1 FLUCTUATING CRUDE OIL PRICES AND HIGH R&D COST 40

5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS 42

5.1.1 RAW MATERIAL SUPPLIERS 42

5.1.2 FUEL ADDITIVE MANUFACTURERS 43

5.1.3 DISTRIBUTION CHANNELS 43

5.1.4 APPLICATIONS 43

5.2 PORTER’S FIVE FORCES MODEL 44

5.2.1 THREAT OF NEW ENTRANTS 45

5.2.2 BARGAINING POWER OF SUPPLIERS 45

5.2.3 THREAT OF SUBSTITUTES 45

5.2.4 BARGAINING POWER OF BUYERS 45

5.2.5 RIVALRY 45

5.3 PRICING ANALYSIS, BY REGION, USD/TONS (2017–2019) 45

5.4 IMPACT OF COVID-19 ON THE GLOBAL FUEL ADDITIVES MARKET 46

5.4.1 SUPPLY SIDE IMPACT 46

5.4.2 DEMAND SIDE IMPACT 46

6 GLOBAL FUEL ADDITIVES MARKET, BY TYPE
6.1 OVERVIEW 48

6.1.1 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY TYPE, 2017–2025 49

6.1.2 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY TYPE, 2017–2025 50

6.2 DEPOSIT CONTROL 50

6.2.1 DEPOSIT CONTROL: MARKET ESTIMATES & FORECAST BY REGION,2017–2025 51

6.3 CETANE & OCTANE BOOSTERS 52

6.3.1 CETANE & OCTANE BOOSTERS: MARKET ESTIMATES & FORECAST BY REGION,2017–2025 52

6.4 LUBRICITY IMPROVISERS 53

6.4.1 LUBRICITY IMPROVISERS: MARKET ESTIMATES & FORECAST BY REGION,2017–2025 53

6.5 COLD FLOW IMPROVERS 54

6.5.1 COLD FLOW IMPROVERS: MARKET ESTIMATES & FORECAST BY REGION,2017–2025 54

6.6 STABILITY IMPROVERS 55

6.6.1 STABILITY IMPROVERS: MARKET ESTIMATES & FORECAST BY REGION,2017–2025 55

6.7 CORROSION INHIBITORS 56

6.7.1 CORROSION INHIBITORS: MARKET ESTIMATES & FORECAST BY REGION,2017–2025 56

6.8 OTHERS 57

6.8.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2017–2025 57

7 GLOBAL FUEL ADDITIVES MARKET, BY FUEL TYPE
7.1 OVERVIEW 59

7.1.1 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY FUEL TYPE, 2017–2025 60

7.1.2 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY FUEL TYPE, 2017–2025 61

7.1.3 DIESEL 61

7.1.3.1 DIESEL: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 61

7.1.4 GASOLINE 62

7.1.4.1 GASOLINE: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 62

7.1.5 AVIATION FUEL 63

7.1.5.1 AVIATION FUEL: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 63

7.1.6 OTHERS 64

7.1.6.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 64

8 GLOBAL FUEL ADDITIVES MARKET, BY APPLICATION
8.1 OVERVIEW 66

8.1.1 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY APPLICATION, 2017–2025 67

8.1.2 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY APPLICATION, 2017–2025 68

8.2 PASSENGER VEHICLES 68

8.2.1 PASSENGER VEHICLES: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 69

8.2.2 PASSENGER VEHICLES: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 69

8.3 COMMERCIAL VEHICLES 70

8.3.1 COMMERCIAL VEHICLES: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 70

8.3.2 COMMERCIAL VEHICLES: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 70

8.4 OFF-HIGHWAY EQUIPMENT 71

8.4.1 OFF-HIGHWAY EQUIPMENT: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 71

8.4.2 OFF-HIGHWAY EQUIPMENT: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 71

8.5 AIRCRAFT 72

8.5.1 AIRCRAFT: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 72

8.5.2 AIRCRAFT: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 72

8.6 MARINE VESSELS 73

8.6.1 MARINE VESSELS: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 73

8.6.2 MARINE VESSELS: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 73

8.7 INDUSTRIAL 74

8.7.1 INDUSTRIAL: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 74

8.7.2 INDUSTRIAL: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 74

8.8 OTHERS 75

8.8.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 75

8.8.2 OTHERS: MARKET ESTIMATES & FORECAST BY REGION, 2017–2025 75

9 GLOBAL FUEL ADDITIVES MARKET, BY REGION
9.1 OVERVIEW 76

9.2 NORTH AMERICA 78

9.2.1 US 82

9.2.2 CANADA 85

9.3 EUROPE 88

9.3.1 GERMANY 92

9.3.2 UK 95

9.3.3 FRANCE 98

9.3.4 ITALY 101

9.3.5 RUSSIA 104

9.3.6 SPAIN 107

9.3.7 REST OF EUROPE 110

9.4 ASIA-PACIFIC 113

9.4.1 CHINA 117

9.4.2 JAPAN 120

9.4.3 INDIA 123

9.4.4 SOUTH KOREA 126

9.4.5 REST OF ASIA-PACIFIC 129

9.5 MIDDLE EAST & AFRICA (MEA) 132

9.5.1 GCC COUNTRIES 136

9.5.2 TURKEY 139

9.5.3 SOUTH AFRICA 142

9.5.4 REST OF MEA 145

9.6 LATIN AMERICA 148

9.6.1 BRAZIL 152

9.6.2 MEXICO 155

9.6.3 ARGENTINA 158

9.6.4 REST OF LATIN AMERICA 161

10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE OVERVIEW 165

10.2 GLOBAL MARKET STRATEGY ANALYSIS 165

10.3 KEY DEVELOPMENTS 166

10.4 COMPETITIVE BENCHMARKING 167

11 COMPANY PROFILES
11.1 INNOSPEC 168

11.1.1 COMPANY OVERVIEW 168

11.1.2 FINANCIAL OVERVIEW 169

11.1.3 PRODUCTS OFFERED 169

11.1.4 KEY DEVELOPMENTS 170

11.1.5 SWOT ANALYSIS 171

11.1.6 KEY STRATEGIES 171

11.2 THE LUBRIZOL CORPORATION 172

11.2.1 COMPANY OVERVIEW 172

11.2.2 FINANCIAL OVERVIEW 172

11.2.3 PRODUCTS OFFERED 172

11.2.4 KEY DEVELOPMENTS 172

11.2.5 SWOT ANALYSIS 173

11.2.6 KEY STRATEGIES 173

11.3 AFTON CHEMICAL 174

11.3.1 COMPANY OVERVIEW 174

11.3.2 FINANCIAL OVERVIEW 174

11.3.3 PRODUCTS OFFERED 175

11.3.4 KEY DEVELOPMENTS 175

11.3.5 SWOT ANALYSIS 176

11.3.6 KEY STRATEGIES 176

11.4 BASF SE 177

11.4.1 COMPANY OVERVIEW 177

11.4.2 FINANCIAL OVERVIEW 178

11.4.3 PRODUCTS OFFERED 178

11.4.4 KEY DEVELOPMENTS 179

11.4.5 SWOT ANALYSIS 179

11.4.6 KEY STRATEGIES 179

11.5 CHEVRON CORPORATION 180

11.5.1 COMPANY OVERVIEW 180

11.5.2 FINANCIAL OVERVIEW 181

11.5.3 PRODUCTS OFFERED 181

11.5.4 KEY DEVELOPMENTS 182

11.5.5 SWOT ANALYSIS 182

11.5.6 KEY STRATEGIES 182

11.6 LANXESS 183

11.6.1 COMPANY OVERVIEW 183

11.6.2 FINANCIAL OVERVIEW 184

11.6.3 PRODUCTS OFFERED 184

11.6.4 KEY DEVELOPMENTS 185

11.6.5 SWOT ANALYSIS 185

11.6.6 KEY STRATEGIES 185

11.7 CLARIANT 186

11.7.1 COMPANY OVERVIEW 186

11.7.2 FINANCIAL OVERVIEW 186

11.7.3 PRODUCTS OFFERED 187

11.7.4 KEY DEVELOPMENTS 187

11.7.5 SWOT ANALYSIS 187

11.7.6 KEY STRATEGIES 187

11.8 INFINEUM INTERNATIONAL LIMITED 188

11.8.1 COMPANY OVERVIEW 188

11.8.2 FINANCIAL OVERVIEW 188

11.8.3 PRODUCTS OFFERED 188

11.8.4 KEY DEVELOPMENTS 188

11.8.5 SWOT ANALYSIS 189

11.8.6 KEY STRATEGIES 189

11.9 BARDAHL MANUFACTURING CORPORATION 190

11.9.1 COMPANY OVERVIEW 190

11.9.2 FINANCIAL OVERVIEW 190

11.9.3 PRODUCTS OFFERED 190

11.9.4 KEY DEVELOPMENTS 190

11.9.5 SWOT ANALYSIS 191

11.9.6 KEY STRATEGIES 191

11.10 WYNN’S 192

11.10.1 COMPANY OVERVIEW 192

11.10.2 FINANCIAL OVERVIEW 192

11.10.3 PRODUCTS OFFERED 192

11.10.4 KEY DEVELOPMENTS 192

11.10.5 SWOT ANALYSIS 193

11.10.6 KEY STRATEGIES 193

12 APPENDIX
12.1 REFERENCES 194

12.2 RELATED REPORTS 195