News Release

2020 Fuel Additives Market Forecast Analysis by Trends, Major Companies Analysis, Growth Rate by Regions, Company Overview till 2024


The “Fuel Additives Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. Fuel Additives market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Fuel Additives market report also includes new upcoming technology of Fuel Additives Industry that will help to our clients.

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Market Overview:

  • The market for fuel additives is expected to grow at a CAGR of 4.92% during the forecast period of 2019-2024. One of the major factors driving the market studied is the enactment of stringent environmental regulations. However, Increasing demand and penetration of battery electric vehicles (BEVs) is likely to restrain the market growth during the forecast period.
  • – Rising global passenger traffic contributing to the growth of the aviation market is also likely to boost the demand for fuel additives.
  • – Accelerating demand for ultra-low-sulfur diesel (ULSD) is likely to act as an opportunity for the market growth in future.
  • – In 2018, North America dominated the global fuel additives market owing to the high demand from end-user industries.

    Fuel Additives Market Covers Key Players:

  • Afton Chemical
  • Baker Hughes (General Electric)
  • Chevron Corporation
  • Clariant
  • Croda International PLC
  • Dorfketal Chemicals (I) Pvt Ltd
  • Eni SpA
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Innospec Inc.
  • Royal Dutch Shell PLC
  • The Lubrizol Corporation
  • Total SA
  • VeryOne SaS (EURENCO)

    Some Major Points Covered in Fuel Additives Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    Scope of the Report:

  • This report studies the global Fuel Additives market size, industry status and forecast, competition landscape and growth opportunity.

    Key Market Trends:

    Gasoline to Dominate the Market

    – In 2018, gasoline was the major application of fuel additives in terms of market share.
    – Gasoline engine technologies and fuels are constantly evolving and providing new challenges. The growth in the consumption of gasoline additive largely reflects the requirements of engine design and developments in refinery operations. Also, the additive cost is less than 0.3% of the average retail gasoline price.
    – There are two areas of applications for fuel additives in gasoline engines: refinery fuel distribution system or vehicle system.
    – The increasing popularity of new age fuel delivery systems like gasoline direct injection (GDI) system is likely to boost the demand for fuel additives.
    – Global Bioenergies, a French-German company has strted mnufcaturing bio-based fuel additives using bio-based isobutene as raw material. Efforts are also being made by several research instituions to manufcature fuel additives which prevent the premature ignition of the air-fuel mixture by increasing the knock resistance.
    – Hence, owing to the above mentioned reasons, the gasoline related applications of fuel additives is likely to account for the highest market share during the forecast period.

    Asia-Pacific to Witness the Highest Growth Rate

    – Asia-Pacific fuel additives market is likely to witness a major growth during the forecast period owing to the high demand from countries like India and China.
    – China is the largest fuel consumer in the Asia-Pacific region, and second in the world, after the United States. The country has the world’s largest automobile industry and one of the biggest market for civil aircraft sales.
    – India also has a great potential for future market opportunities. The automotive industry of the country is witnessing a steady growth owing to a 8% increase in the production in 2018 over the previous year.
    – Additionally, according to the International Air Transport Association (IATA), India is one of the fastest growing domestic markets, worldwide, with an anticipated count of 337 million domestic passengers and 84 million international passengers to travel by 2030.
    – Hence, Asia-Pacific is likely to witness the highest growth rate during the forecast period.

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    Detailed TOC of Fuel Additives Market Report 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Enactment of Stringent Environmental Regulations

    4.1.2 Rising Global Passenger Traffic Contributing to the Growth of the Aviation Market

    4.2 Restraints
    4.2.1 Increasing Demand and Penetration of Battery Electric Vehicles (BEVs)

    4.2.2 High Costs of R&D Activities

    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Patent Analysis

    5.1 Product Type
    5.1.1 Deposit Control
    5.1.2 Cetane Improvers
    5.1.3 Lubricity Additives
    5.1.4 Antioxidants
    5.1.5 Anticorrosion
    5.1.6 Cold Flow Improvers
    5.1.7 Antiknock Agents
    5.1.8 Others
    5.2 Application
    5.2.1 Diesel
    5.2.2 Gasoline
    5.2.3 Jet Fuel
    5.2.4 Other Applications
    5.3 Geography
    5.3.1 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
    5.3.2 North America United States Canada Mexico
    5.3.3 Europe Germany France United Kingdom Italy Rest of the Europe
    5.3.4 South America Brazil Argentina Rest of South America
    5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa (MEA)

    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Afton Chemical
    6.4.2 Baker Hughes (General Electric)
    6.4.3 BASF SE
    6.4.4 Chevron Corporation
    6.4.5 Clariant
    6.4.6 Croda International PLC
    6.4.7 Dorfketal Chemicals (I) Pvt Ltd
    6.4.8 Eni SpA
    6.4.9 Evonik Industries AG
    6.4.10 Exxon Mobil Corporation
    6.4.11 Innospec Inc.
    6.4.12 LANXESS
    6.4.13 QAFAC
    6.4.14 Royal Dutch Shell PLC
    6.4.15 The Lubrizol Corporation
    6.4.16 Total SA
    6.4.17 VeryOne SaS (EURENCO)

    7.1 Accelerating Demand for Ultra-low-sulfur Diesel (ULSD)


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