Fuel Additives Market

Fuel Additives Market Size, Share, Trends & Forecast (2019 - 2025)

The global market for fuel additives is expected to value at $ XX billion in 2019 and to grow at a compound annual rate of 7.1% from 2019 to 2025.

Market Drivers

The market for fuel additives is growing steadily due to the increasing number of applications, technological advances and increasing demand from user industries. Diesel additives are the main application of fuel additives. Fuel additives are designed to meet increasingly stringent environmental standards, with several countries implementing regulations to control emissions. These regulations, the growing demand for clean and efficient fuel and the depletion of crude reserves are the main drivers of the market. The fuel engine additive market is experiencing increased demand due to the increased consumption of ultra-low sulfur diesel fuel, which requires a higher concentration of additives.

Key Challenges

However, the growing development of hybrid engines, as well as plug-in electric vehicles in developed economies, is an impediment to the growth of the fuel additive market

Opportunities.

Governments around the world are also working to improve fuel economy in accordance with the average fuel economy standards. This shift in focus has further increased the possibilities of fuel additives.

This research report includes following segmentation for the Fuel Additives Market:

Fuel Additives Market - By Product Type

• Cleaner Additive
• Maintenance Additive
• Octane Regulator
• Others

Fuel Additives Market - By End-users/Application

• Gasoline
• Diesel
• Aviation Fuel
• Others

Fuel Additives Market - By Region

• North America
• Asia-Pacific
• Europe
• Central & South America
• Middle East & Africa

North America has a substantial advantage over the rate of fuel additive consumption compared to other key regions. This double high consumption rate is mainly due to the increased level of awareness and the extremely stringent emission standards and regulations. Although fuel additive consumption levels in Europe and Asia-Pacific are relatively equal, Asia-Pacific is expected to outperform Europe due to a much larger increase in demand in this region.

Top Leading Companies Profiled in this Fuel Additives Market report are:

1. Afton Chemical
2. BASF
3. Lubrizol
4. Chevron Oronite
5. Infenium
6. Innospec
7. Total ACS
8. BP
9. Sinopec
10. CNPC
11. STP
12. 3M
13. Redline Oil
14. BRB International
15. IPAC
16. Wynn's
17. Callington Haven
18. Evonik
19. SFR Corp
20. AMSOIL
21. Clariant
22. Biobor
23. Dorf Ketal