Specialty Fuel Additives Market
Specialty Fuel Additives Market Analysis by Additives Type (Deposit Control Additives, Cetane Improvers, Antioxidants, Lubricity Improvers, Cold Flow Improvers, Corrosion Inhibitors), by Application (Gasoline, Diesel, Aviation Turbine Fuel), by Region - Global Forecast 2022 to 2032
Analysis of Specialty Fuel Additives market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Specialty Fuel Additives Market Outlook
The global specialty fuel additives market is estimated at USD 7.6 Billion in 2022 and is forecast to reach USD 13.3 Billion by 2032, growing at a CAGR of 5.8% during 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Market size value in 2021A | USD 7.2 Billion |
| Market estimated value in 2022E | USD 7.6 Billion |
| Market forecast value in 2032F | USD 13.3 Billion |
| Global Growth Rate (2022 to 2032) | CAGR 5.8% |
| East Asia Market Size in 2021 | USD 2.1 Billion |
| East Asia Market Growth Rate (2022 to 2032) | CAGR 4.6% |
| Top 5 Companies Market Share in 2021 | ~37% |
| Key Companies Profiled | BASF SE; Chevron Corp.; Berkshire Hathaway Inc.; Ashland Inc.; ExxonMobil Corporation; Evonik Industries AG; The Dow Chemical Company; E. I. du Pont de Nemours and Co; Afton Chemical Limited.; Baker Hughes |
Fact.MR estimates that specialty fuel additives market accounted around ~5% of the global additives market in 2021 due to the fact that the increased use of specialty fuel additives enhances functioning of the fuel that helps in protecting the fuel system. As use of the specialty fuel additives help in removing the harmful deposits in the engines, it also improves the functioning in terms of power of the engine and acceleration, hence acts as a constant source of demand.
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Specialty Fuel Additives Market Historical Overview (2017 to 2021) Vs. Forecast Outlook (2022 to 2032)
- East Asia specialty fuel additives market have been generating maximum revenue for specialty fuel additives manufacturers from past half-decade. Around 29.3% of overall market valuation for specialty fuel additives was generated by East Asian countries in 2021 which is forecast to surpass valuation of USD 4.3 Billion by 2032 end, growing with 4.6% CAGR. Industrial motor business in China generated around 68.5% share of total business in 2021 and is projected to grow with exciting CAGR of 5.1% during 2022 to 2032.
- Global specialty fuel additives market grew with CAGR of 2.9% with an absolute $ opportunity of USD 2.1 Billion during 2017 to 2021.
- Demand of specialty fuel additives for applications of diesel held the maximum market share ~32.1% in 2021 and is expected to gain 430 BPS within the forecast period by contributing the market with share of ~36.8% by end of 2032 that is around USD 2.4 Billion.
Region-wise Insights
How East Asia is projected to Witness Largest Share in Market of Specialty Fuel Additives during the Forecast Period?
The East Asia specialty fuel additives market is expected to provide maximum absolute $ opportunity to its manufacturers comprehended by the availability of strong supply chain networks of specialty fuel additives manufacturers in this region.
With the inflating prices of the fuel and gases, consumers continue to scramble with the ways to increase the fuel efficiency.
Moreover, the harmful deposits can accumulate in the engine and hinder the efficiency significantly. Thus, growing need for removing and cleaning the harmful deposits in the engines has significantly led to an upsurge in demand for specialty fuel additives in East Asian countries such as China and Japan containing more than 280 Million of vehicles.
Comprehending the aforementioned factors, China specialty fuel additives market is estimated at USD 1.6 Billion in 2022 and is forecast to surpass market valuation of USD 3.0 Billion by end of 2032, growing at a rate of 5.1% during the forecast period.
In addition, East Asia specialty fuel additives business is forecast to surpass USD 4.3 Billion in 2032 out of which ~72% share is projected to be generated through China and Japan specialty fuel additives markets during the same year.
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Category-wise Insights
Which Segment is Expected to Provide Maximum Absolute $ Opportunity to Specialty Fuel Additives Market Players?
With increasing need for reducing the ignition delays during combustion, demand for the cetane improvers is expected to rev up. The cetane improvers segment is expected to represent a value of over USD 1.1 Billion in 2022 surpassing market valuation of USD 2.2 Billion by 2032-end.
The deposit control additives segment is expected to represent the second highest revenue growth in the global market by the end of 2022. However, the antioxidants segment is expected to register the highest CAGR in the global market through 2022.
Considering the application segment in specialty fuel additives report during the forecast period, sales of specialty fuel additives in diesel applications is expected to gain highest traction. The diesel specialty segment is estimated to represent a value of over USD 2.5 Billion in the global specialty fuel additives market in 2022 and is projected to gain 430 BPS during the assessment period. Moreover, the gasoline segment is expected to represent the second highest revenue growth in the global market by the end of 2022.
The demand of specialty fuel additives in diesel segment is projected to grow at 6.1% CAGR during 2022 to 2032 and is estimated to provide an absolute $ opportunity of USD 2.4 Billion. This segment is projected to cover share around ~32.5% market valuation for specialty fuel additives by 2022.
Competitive Landscape: Top Companies in Specialty Fuel Additives Market
The global specialty fuel additives market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced specialty fuel additives.
Fact.MR has provided detailed information about price points of top manufacturers of specialty fuel additives positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
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Global Specialty Fuel Additives Market Segments
-
By Additives Type :
- Deposit Control Additives
- Cetane Improvers
- Antioxidants
- Lubricity Improvers
- Cold Flow Improvers
- Petroleum Dyes & Markers
- Corrosion Inhibitors
- Metal Deactivators
- Octane Enhancers
- Others
-
By Application :
- Gasoline
- Diesel
- Aviation Turbine Fuel
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data Points
- 4. Market Risks and Trends Assessment
- 5. Key Success Factors
- 6. Global Market Demand (Litres) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
- 9.1. Gasoline
- 9.2. Diesel
- 9.3. Aviation Turbine Fuel
- 9.4. Others
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Additives Type
- 10.1. Deposit Control Additives
- 10.2. Cetane Improvers
- 10.3. Antioxidants
- 10.4. Lubricity Improvers
- 10.5. Cold Flow Improvers
- 10.6. Petroleum Dyes & Markers
- 10.7. Corrosion Inhibitors
- 10.8. Metal Deactivators
- 10.9. Octane Enhancers
- 10.10. Others
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & Oceania
- 11.6. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. South Asia & Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Key Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. BASF SE
- 20.2. Chevron Corp.
- 20.3. Berkshire Hathaway Inc.
- 20.4. Ashland Inc.
- 20.5. ExxonMobil Corporation
- 20.6. Evonik Industries AG
- 20.7. The Dow Chemical Company
- 20.8. E. I. du Pont de Nemours and Co
- 20.9. Afton Chemical Limited.
- 20.10. Baker Hughes
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List Of Table
Table No. 1. Global Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2017 to 2021
Table No. 2. Global Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2022 to 2032
Table No. 3. Global Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2017 to 2021
Table No. 4. Global Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2022 to 2032
Table No. 5. Global Value (USD Billion) and Volume (Litres) Analysis, By Region, 2017 to 2021
Table No. 6. Global Market Value (USD Billion) and Volume (Litres) Analysis, By Region, 2022 to 2032
Table No. 7. North America Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2017 to 2021
Table No. 8. North America Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2022 to 2032
Table No. 9. North America Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2017 to 2021
Table No. 10. North America Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2022 to 2032
Table No. 11. North America Value (USD Billion) and Volume (Litres) Analysis, By Country, 2017 to 2021
Table No. 12. North America Market Value (USD Billion) and Volume (Litres) Analysis, By Country, 2022 to 2032
Table No. 13. Latin America Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2017 to 2021
Table No. 14. Latin America Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2022 to 2032
Table No. 15. Latin America Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2017 to 2021
Table No. 16. Latin America Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2022 to 2032
Table No. 17. Latin America Value (USD Billion) and Volume (Litres) Analysis, By Country, 2017 to 2021
Table No. 18. Latin America Market Value (USD Billion) and Volume (Litres) Analysis, By Country, 2022 to 2032
Table No. 19. Europe Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2017 to 2021
Table No. 20. Europe Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2022 to 2032
Table No. 21. Europe Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2017 to 2021
Table No. 22. Europe Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2022 to 2032
Table No. 23. Europe Value (USD Billion) and Volume (Litres) Analysis, By Country, 2017 to 2021
Table No. 24. Europe Market Value (USD Billion) and Volume (Litres) Analysis, By Country, 2022 to 2032
Table No. 25. East Asia Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2017 to 2021
Table No. 26. East Asia Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2022 to 2032
Table No. 27. East Asia Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2017 to 2021
Table No. 28. East Asia Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2022 to 2032
Table No. 29. East Asia Value (USD Billion) and Volume (Litres) Analysis, By Country, 2017 to 2021
Table No. 30. East Asia Market Value (USD Billion) and Volume (Litres) Analysis, By Country, 2022 to 2032
Table No. 31. South Asia & Oceania Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2017 to 2021
Table No. 32. South Asia & Oceania Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2022 to 2032
Table No. 33. South Asia & Oceania Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2017 to 2021
Table No. 34. South Asia & Oceania Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2022 to 2032
Table No. 35. South Asia & Oceania Value (USD Billion) and Volume (Litres) Analysis, By Country, 2017 to 2021
Table No. 36. South Asia & Oceania Market Value (USD Billion) and Volume (Litres) Analysis, By Country, 2022 to 2032
Table No. 37. MEA Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2017 to 2021
Table No. 38. MEA Market Value (USD Billion) and Volume (Litres) Analysis, By Additives Type, 2022 to 2032
Table No. 39. MEA Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2017 to 2021
Table No. 40. MEA Market Value (USD Billion) and Volume (Litres) Analysis, By Application, 2022 to 2032
Table No. 41. MEA Value (USD Billion) and Volume (Litres) Analysis, By Country, 2017 to 2021
Table No. 42. MEA Market Value (USD Billion) and Volume (Litres) Analysis, By Country, 2022 to 2032
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List Of Figures
Figure No. 1: Global Market, Volume Size and Forecast, By Additives Type, Volume (Litres), 2022 to 2032
Figure No. 2: Global Market, Value Size and Forecast, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 3: Global Market, Incremental Opportunity, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 4: Global Market, Volume Size and Forecast, By Application, Volume (Litres), 2022 to 2032
Figure No. 5: Global Market, Value Size and Forecast, By Application, (USD Billion), 2022 to 2032
Figure No. 6: Global Market, Incremental Opportunity, By Application, (USD Billion), 2022 to 2032
Figure No. 7: Global Market, Volume Size and Forecast, By Region, Volume (Litres), 2022 to 2032
Figure No. 8: Global Market, Value Size and Forecast, By Region, (USD Billion), 2022 to 2032
Figure No. 9: Global Market, Incremental Opportunity, By Region, (USD Billion), 2022 to 2032
Figure No. 10: North America Market, Volume Size and Forecast, By Additives Type, Volume (Litres), 2022 to 2032
Figure No. 11: North America Market, Value Size and Forecast, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 12: North America Market, Incremental Opportunity, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 13: North America Market, Volume Size and Forecast, By Application, Volume (Litres), 2022 to 2032
Figure No. 14: North America Market, Value Size and Forecast, By Application, (USD Billion), 2022 to 2032
Figure No. 15: North America Market, Incremental Opportunity, By Application, (USD Billion), 2022 to 2032
Figure No. 16: North America Market, Volume Size and Forecast, By Country, Volume (Litres), 2022 to 2032
Figure No. 17: North America Market, Value Size and Forecast, By Country, (USD Billion), 2022 to 2032
Figure No. 18: North America Market, Incremental Opportunity, By Country, (USD Billion), 2022 to 2032
Figure No. 19: Latin America Market, Volume Size and Forecast, By Additives Type, Volume (Litres), 2022 to 2032
Figure No. 20: Latin America Market, Value Size and Forecast, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 21: Latin America. Market, Incremental Opportunity, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 22: Latin America Market, Volume Size and Forecast, By Application, Volume (Litres), 2022 to 2032
Figure No. 23: Latin America Market, Value Size and Forecast, By Application, (USD Billion), 2022 to 2032
Figure No. 24: Latin America Market, Incremental Opportunity, By Application, (USD Billion), 2022 to 2032
Figure No. 25: Europe Market, Volume Size and Forecast, By Additives Type, Volume (Litres), 2022 to 2032
Figure No. 26: Europe Market, Value Size and Forecast, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 27: Europe Market, Incremental Opportunity, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 28: Europe Market, Volume Size and Forecast, By Application, Volume (Litres), 2022 to 2032
Figure No. 29: Europe Market, Value Size and Forecast, By Application, (USD Billion), 2022 to 2032
Figure No. 30: Europe Market, Incremental Opportunity, By Application, (USD Billion), 2022 to 2032
Figure No. 31: Europe Market, Volume Size and Forecast, By Country, Volume (Litres), 2022 to 2032
Figure No. 32: Europe Market, Value Size and Forecast, By Country, (USD Billion), 2022 to 2032
Figure No. 33: Europe Market, Incremental Opportunity, By Country, (USD Billion), 2022 to 2032
Figure No. 34: East Asia Market, Volume Size and Forecast, By Additives Type, Volume (Litres), 2022 to 2032
Figure No. 35: East Asia Market, Value Size and Forecast, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 36: East Asia Market, Incremental Opportunity, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 37: East Asia Market, Volume Size and Forecast, By Application, Volume (Litres), 2022 to 2032
Figure No. 38: East Asia Market, Value Size and Forecast, By Application, (USD Billion), 2022 to 2032
Figure No. 39: East Asia Market, Incremental Opportunity, By Application, (USD Billion), 2022 to 2032
Figure No. 40: East Asia Market, Volume Size and Forecast, By Country, Volume (Litres), 2022 to 2032
Figure No. 41: East Asia Market, Value Size and Forecast, By Country, (USD Billion), 2022 to 2032
Figure No. 42: East Asia Market, Incremental Opportunity, By Country, (USD Billion), 2022 to 2032
Figure No. 43: South Asia & Oceania Market, Volume Size and Forecast, By Additives Type, Volume (Litres), 2022 to 2032
Figure No. 44: South Asia & Oceania Market, Value Size and Forecast, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 45: South Asia & Oceania Market, Incremental Opportunity, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 46: South Asia & Oceania Market, Volume Size and Forecast, By Application, Volume (Litres), 2022 to 2032
Figure No. 47: South Asia & Oceania Market, Value Size and Forecast, By Application, (USD Billion), 2022 to 2032
Figure No. 48: South Asia & Oceania Market, Incremental Opportunity, By Application, (USD Billion), 2022 to 2032
Figure No. 49: South Asia & Oceania Market, Volume Size and Forecast, By Country, Volume (Litres), 2022 to 2032
Figure No. 50: South Asia & Oceania Market, Value Size and Forecast, By Country, (USD Billion), 2022 to 2032
Figure No. 51: South Asia & Oceania Market, Incremental Opportunity, By Country, (USD Billion), 2022 to 2032
Figure No. 52: MEA Market, Volume Size and Forecast, By Additives Type, Volume (Litres), 2022 to 2032
Figure No. 53: MEA Market, Value Size and Forecast, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 54: MEA Market, Incremental Opportunity, By Additives Type, (USD Billion), 2022 to 2032
Figure No. 55: MEA Market, Volume Size and Forecast, By Application, Volume (Litres), 2022 to 2032
Figure No. 56: MEA Market, Value Size and Forecast, By Application, (USD Billion), 2022 to 2032
Figure No. 57: MEA Market, Incremental Opportunity, By Application, (USD Billion), 2022 to 2032
Figure No. 58: MEA Market, Volume Size and Forecast, By Country, Volume (Litres), 2022 to 2032
Figure No. 59: MEA Market, Value Size and Forecast, By Country, (USD Billion), 2022 to 2032
Figure No. 60: MEA Market, Incremental Opportunity, By Country, (USD Billion), 2022 to 2032
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the Global Specialty Fuel Additives Market scenario?
The global value of specialty fuel additives market is estimated to be worth over USD 7.6 Billion in 2022.
How Far is the Global Demand Expected to reach over the Forecast Period?
Value of specialty fuel additives market in 2032 is forecast to surpass USD 13.3 Billion by 2032 end.
What was the Last 5-year CAGR for the Demand in the Specialty Fuel Additives Market?
During 2017-2021, global specialty fuel additives market grew at 2.9% CAGR.
Which Segment is Expected to Provide Maximum Absolute $ Opportunity during the Forecast Period of 2022-2032 in the Global Specialty Fuel Additives Market?
Diesel segment is estimated to provide an absolute $ opportunity of USD 2.4 Billion during the forecast period (2022-2032).
Which Region is expected to lead in the Specialty Fuel Additives Market during 2022?
East Asia is expected to lead the global specialty fuel additives market in 2022 by accounting around ~29.8% of the total market valuation.
Specialty Fuel Additives Market