Global Fuel Additives Market Forecast 2027 - Overall Growth & Opportunities
- varunkpdelhi
- Jun 2, 2023
- 3 min read
The global fuel additives market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the stringent environmental regulations on fuel emissions and expanding automobile industries. Moreover, increasing demand for fuel efficiency and better combustion is also expected to accelerate the demand for fuel additives during the forecast period.
The Important Factors of the Global Fuel Additives Market
Besides, rising demand for advanced and improved goods and stringent restrictions implemented by governments and businesses to reduce fossil fuel consumption are projected to boost the market growth. The rising product portfolio of fuel additives, owing to the growing concerns about air pollution caused by the incomplete and complete combustion of hydrocarbons is expected to fuel the growth of the global fuel additives market.
Moreover, the degrading quality of petroleum oils that get quickly photo-oxidized and biodegraded due to the presence of marine microorganisms is supporting the rising demand for fuel additives as they preserve quality and meet government standards. This is expected further to fuel the growth of the global fuel additives market.
The global fuel additives market is segmented on the basis of type, application, and region. In 2021, the North American region led the global fuel additives market in terms of value. However, Asia-Pacific is projected to be the global leader in the fuel additives market during the forecast period owing to the growing construction, manufacturing, and automobile industries in the region with few strict regulations on fuel utilization and emission controls estimated to drive the market for fuel additives in Asia-Pacific.
Moreover, North America and Europe & CIS region both have strict fuel emission and environmental regulations will further propel the demand for the fuel additives market.
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Some of the leading players in the global fuel additives market
Chevron Oronite Company LLC
Fuel Performance Solutions Inc.
The Lubrizol Corporation
Afton Chemical Corporation
Infineum International Ltd.
Cerion LLC
Cummins Inc
BASF SE
Chemtura Corporation
Innospec Inc., etc.
Attribute
Details
Historic Data
2017 – 2020
Estimated Year
2022
Forecast Period
2023 – 2027
Quantitative Units
Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027
Report coverage
Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends
Segments covered
· By Type
· By Application
Region scope
Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa
Country scope
China, India, Japan, South Korea, Australia, Singapore, Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Mexico, Canada, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar
Key companies profiled
Chevron Oronite Company LLC, Fuel Performance Solutions Inc., The Lubrizol Corporation, Afton Chemical Corporation, Infineum International Ltd., Cerion LLC, Cummins Inc, BASF SE, Chemtura Corporation, Innospec Inc.
Customization scope
10% free report customization with purchase. Addition or alteration to regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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Report Scope:
In this report, the global fuel additives market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Fuel Additives Market, By Type:
Deposit Control Additives
Dyes and Markers
Cetane Improvers
Antioxidants
Stability Improvers
Anti-Icing Fuel Additives
Octane Improvers
Others
Fuel Additives Market, By Application:
Diesel Fuel Additives
Aviation Fuel Additives
Gasoline Fuel Additives
Others
Fuel Additives Market, by Region:
Asia Pacific
China
India
Japan
South Korea
Australia
Singapore
Malaysia
Europe & CIS
France
Germany
United Kingdom
Italy
Spain
North America
United States
Mexico
Canada
South America
Brazil
Argentina
Colombia
Middle East and Africa
South Africa
Saudi Arabia
UAE
Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global fuel additives market.
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