Fuel Additives Market

Report Highlights

The scope of this report is broad and covers different types of fuel additives market, along with the applications for vehicles. The market is broken down by types of fuel additives market, applications, and regional markets. revenue forecasts from 2019 to 2025 are given for each major type of fuel additives, application, and regional market, and the estimated values are derived from the manufacturers’ total revenues.

The report also includes a discussion of the major players across each of the regional fuel additives markets; it explains the major market drivers of the fuel additives industry, current trends within the industry, major applications, and the regional dynamics of the global fuel additives market.

The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global fuel additives industry.

Report Includes

• 61 tables
• An up-to-date analysis of the global fuel additives market.
• Analyses of the global market trends, with data from 2019, 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2025.
• Estimation of market size and revenue forecast for global fuel additives market, and corresponding market share analysis by type, application, and region for each market segment.
• Highlights of emerging technology trends, gaps and opportunities in the market estimating current and future demand for the market, identification of the companies that are best positioned to meet this demand.
• In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market.
• Identification of new products and products still in the development and their probability of successful commercial launch within the next five years
• Impact of COVID-19 on the fuel additive market as compared to overall global economy.
• Insight into the growth development strategies of major fuel additive manufacturers and their key competitive landscape
• Descriptive company profiles of the leading market participants, including Afton Chemical Corporation, Innospec Inc., The Lubrizol Corporation, BASF SE, Infinieum Limited, Evonik Industries AG, Chevron Oronite Company LLC, Lanxess, Dorf Ketal Chemicals, Cummins Inc., and Cerion LLC.

Summary

Fuel additives enhance improve engine performance by eliminating and preventing deposits in fuel injectors, valves, and combustion chambers, increase combustion efficiency, enhancing lubricity, and reduce unwanted emissions.

The global fuel additive market will grow from over $5.85 billion in 2020 to $6.9 billion by 2025 at a five-year CAGR of 3.3%. The market for fuel additives is expected to grow, mainly due to government stringent environmental regulations to limit greenhouse gas (GHG) emissions.

Fuel additives find major applications in diesel, gasoline, and aviation fuel. In 2020, diesel applications captured the largest share in the total market. The growth in the market is directly related to the rise in sales of vehicle sales.