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Fuel Additives Market Report
The Fuel Additives Market is Segmented by Additive Type (Deposit Control, Dyes & Markers, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Octane Improvers, Corrosion Inhibitors, Stability Improvers, Anti-icing, and Others), by Application Type ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Fuel Additives Market is likely to witness a modest CAGR of 3.4% during the forecast period. Mounting sales of automobiles worldwide, launch of improved products, increasing demand for performance products, growing awareness towards benefits of fuel additives, imposition of emission norms by governments are some of the key factors driving the market growth of the industry.
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Fuel Additives Market - Snapshot |
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Growth |
3.4% for the next five years |
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Major Additive Type |
Deposit Control |
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Dominant Application Type |
Diesel |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
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. |
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Based on the additive type, the market is segmented as deposit control, dyes & markers, cetane improvers, lubricity improvers, cold flow improvers, octane improvers, corrosion inhibitors, stability improvers, anti-icing, and others. The deposit control segment held the largest share of the market in 2019, and is expected to register a moderate CAGR during the forecast period. The extensive use of deposit control additives in various applications is driving the growth of this segment.
Based on the application type, the fuel additives market is segmented as diesel, gasoline, aviation fuel, and others. The diesel segment is expected to dominate the market during the forecast period. The increasing demand for diesel fuel in military, farms & construction, and other major industries is likely to drive the growth of the segment.
In terms of regions, North America is estimated to be the largest as well as fastest-growing fuel additives market during the forecast period, with the US being the largest fuel additive consumer in the region. The country is one of the matured markets for fuel additives. The high regulation of the Environmental Protection Agency (EPA) plays a major role in the commercialization of fuel additive products in the region.
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Fuel Additives are a class of performance modifiers that are added to various applications like diesel, gasoline, aviation fuel, etc. to enhance certain properties and provide additional properties not present in the application. These are used as combustion modifiers, antioxidants, corrosion inhibitors and deposit control detergents. Increasing environmental regulations to become stringent and the necessity to reduce the emissions are driving the fuel additives market. The focus of government agencies on the usage of clean and efficient fuels is increasing day by day. Also, the norms for reducing vehicular emissions and improving the quality and efficiency of fuels are modified regularly. This can only be achieved by adding more efficient and effective fuel additives.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Fuel Additives Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The fuel additives market is segmented into the following categories.
Some of the major players in the fuel additives market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The fuel additives market is expected to witness an impressive growth of 3.4% CAGR in the foreseeable future.
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 are among the key players in the fuel additives market.
North America is expected to be the fastest growing fuel additives market during the forecast period.
The diesel segment is expected to remain domiant in the fuel additives market in the coming years.
The deposit control segment is expected to register a moderate CAGR in the fuel additives market during the next five years.
Mounting sales of automobiles worldwide, launch of improved products, increasing demand for performance products, growing awareness towards benefits of fuel additives, imposition of emission norms by governments are the factors driving the growth of fuel additives market.
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