Fuel Additives Market

Transparency Market
Research
Fuel Additives Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 - 2023
Published Date
18-March-2016
271 Page Report
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Press Release
Fuel Additives Market to Reach US$ 11.09 Bn in 2023 : TMR
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Fuel Additives Market
REPORT DESCRIPTION
Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 2023
Transparency Market Research has published a new report titled, “Fuel Additives Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.” According to the report, the global fuel
additives market was valued at US$ 5.41 Bn in 2014 and is expected to reach US$ 11.09 Bn by 2023,
expanding at a CAGR of 8.3% between 2015 and 2023.
Browse the full Fuel Additives (Deposit Control Additives, Cetane Improvers, Antioxidants, Stability
Improvers, Lubricity Improvers, Corrosion Inhibitors, Cold Flow Improvers, and Others) Market for
Gasoline, Diesel, Aviation Fuels, and Other Applications - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2015 - 2023 report at : http://www.transparencymarketresearch.com/fueladditives.html
Fuel additives are engineered to improve efficiency of fuels such as diesel, gasoline, and distillate fuels in
several ways. Key functionality aspects of fuel additives include affecting burn and combustion rates, to work
under high temperatures, to reduce harmful emissions and to improve fuel efficiency. Fuel additives can be
added at refineries, distribution systems, or in storage tanks as per the requirement. These additives are
usually added as standalone product to resolve specific issues at refineries. Fuel additives can also be
combined with other products to create a multi-functional package when used as finished fuel for the
automotive industry.
Deposit control additives was the major product segment, accounting for more than one-third share of the
global fuel additives market in 2014. Deposits are prone to build up in injector nozzles, which choke the flow of
the fuel. This ultimately impacts the combustion rate. This factor has been driving the market for fuel additives
since long. Additionally, stringent rules and emission standards enacted by regulatory bodies have been
boosting the demand for deposit control additives across the globe. Other major product segments of the fuel
additives market are cetane improvers, antioxidants, stability improvers, lubricity improvers, corrosion
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inhibitors, and cold flow improvers. Cetane improvers are employed to improve the cetane quality of diesel fuel.
Inadequate cetane number in diesel fuel results in poor starting characteristics, higher noise level, increased
fuel consumption, and significant white smoke and exhaust emissions. Rise in consumption of ultra-low-sulfur
diesel (ULSD) is another major factor driving the market for cetane improvers, as processing of ULSD leads to
decrease in cetane numbers.
Gasoline was the major application segment, accounting for more than 40% volume share of the fuel additives
market in 2014. Aviation fuel is anticipated to be the fastest-growing application segment of the fuel additives
market during the forecast period. The fuel additives market for gasoline application is majorly driven by
demand for gasoline in the automotive industry. Stringent environmental regulations and rising demand for
efficient fuels are the other major drivers of the gasoline application segment.
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In terms of volume, North America held the largest share of the fuel additives market in 2014. The trend is
estimated to continue during the forecast period. North America constituted more than 30% volume share of
the global fuel additives market in 2014. The U.S. is the largest consumer of fuel additives due to stringent
environmental regulations, higher awareness among consumers, and rising penetration of ULSD. The fuel
additives market in Asia Pacific is projected to expand at the fastest pace during the forecast period primarily
led by the growth of the automotive industry in economies such as China and India, and implementation of
environmental protection laws throughout the region. The fuel additives market in Europe is expected to
witness moderate growth during the forecast period due to the presence of stringent environmental regulations
and increasing penetration of ULSD. The fuel additives market in regions such as Latin America and Middle
East & Africa is likely to expand at a modest rate, due to lack of consumer awareness and cost sensitive nature
of consumers.
Key manufacturers of fuel additives include Afton Chemical Corporation, Akzo Nobel N.V., Baker Hughes
Incorporated, BASF SE, Chemtura Corporation, Evonik Industries AG, Huntsman Corporation LLC, Innospec,
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Petroliam Nasional Berhad (PETRONAS), The Dow Chemical Company, The Lubrizol Corporation, and Total
S.A.
The global fuel additives market has been segmented into:
Fuel Additives Market – Product Analysis
•
Deposit control additives
•
Cetane improvers
•
Antioxidants
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Amines
•
Hindered phenols
•
Others (mixture of alkyl phenols and aromatic diamines)
•
Stability improvers
•
Lubricity improvers
•
Corrosion inhibitors
•
Cold flow improvers
•
Others (Including dyes and markers, metal deactivators, fuel dehazers, etc.)
Fuel Additives Market – Application Analysis
•
Gasoline
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Diesel
•
Aviation fuel
•
Others (Including heating oils, etc.)
Fuel Additives Market – Regional Analysis
North America
•
U.S.
•
Rest of North America
Europe
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Fuel Additives Market
•
U.K.
•
Germany
•
France
•
Spain
•
Italy
•
Rest of Europe
Asia Pacific
•
China
•
Japan
•
ASEAN
•
Rest of Asia Pacific
Latin America
•
Brazil
•
Rest of Latin America
Middle East & Africa (MEA)
•
GCC
•
South Africa
•
Rest of Middle East & Africa
Browse Press Release : http://www.transparencymarketresearch.com/pressrelease/fuel-additives.htm
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Report Scope
1.3 Assumptions
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1.4 Market Segmentation
1.5 Research methodology
Chapter 2 Executive Summary
2.1 Global Fuel Additives Market (Kilo Tons) (US$ Mn), 2014–2023
2.2 Global Fuel Additives Market: Snapshot
Chapter 3 Industry Analysis
3.1 Introduction
3.2 Product and Application Overview
3.3 Emission Standards
3.4 Value Chain Analysis
3.5 Market Dynamics
3.5.1 Driver 1 - Growing Awareness About Use of Fuel Additives Among Consumers
3.5.2 Driver 2 - Rising Demand for Transportation Fuel Across all Regions
3.5.3 Driver 3 - Stringent Environmental Regulations in Regions such as North America and Europe
3.5.4 Driver 4 - Growing Penetration of Ultra-low-sulfur Diesel (ULSD) in Transportation Industry
3.6 Restraints
3.6.1 Restraints 1 - Availability of Alternative Fuels, High Price of Fuel Additives, and Absence of
Regulations in Developing Economies
3.7 Opportunity
3.7.1 Opportunity 1 - Development of Fuel Additives Using Renewable Alternatives
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3.7.2. Opportunity 2 - Growing Demand For Transportation Fuel in Asia Pacific
3.6 Porter’s Five Forces Analysis
3.7 Global Fuel Additives Market Attractiveness, by Application, 2014
3.8 Global Fuel Additives Market Attractiveness, by Country, 2014
3.9 Global Fuel Additives Market Share by Company, 2014
Chapter 4 Fuel Additives Market: Price Trend Analysis
4.1 Global and Regional Price Trend Analysis, 2014 - 2023
4.2 Price Trend Analysis: Fuel Additives, 2014–2023
Chapter 5 Fuel Additives Market – Product Analysis
5.1 Fuel Additives Market: Product Overview
5.1.1 Global Deposit Control Additives Market (Kilo Tons) (US$ Mn), 2014–2023
5.1.2 Global Cetane Improvers Market (Kilo Tons) (US$ Mn), 2014–2023
5.1.3 Global Antioxidants Market (Kilo Tons) (US$ Mn), 2014–2023
5.1.4 Global Stability Improvers Market (Kilo Tons) (US$ Mn), 2014–2023
5.1.5 Global Lubricity Improvers Market (Kilo Tons) (US$ Mn), 2014–2023
5.1.6 Global Corrosion Inhibitors Market (Kilo Tons) (US$ Mn), 2014–2023
5.1.7 Global Cold Flow Improvers Market (Kilo Tons) (US$ Mn), 2014–2023
5.1.8 Global Others Market (Kilo Tons) (US$ Mn), 2014–2023
Chapter 6 Fuel Additives Market – Application Analysis
6.1 Fuel Additives Market: Application Overview
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6.1.1 Global Fuel Additives Market for Gasoline (Kilo Tons) (US$ Mn), 2014–2023
6.1.2 Global Fuel Additives Market for Diesel (Kilo Tons) (US$ Mn), 2014–2023
6.1.3 Global Fuel Additives Market for Aviation Fuel (Kilo Tons) (US$ Mn), 2014–2023
6.1.4 Global Fuel Additives Market for Others (Kilo Tons) (US$ Mn), 2014–2023
Chapter 7 Fuel Additives Market – Regional Analysis
7.1 Fuel Additives Market: Regional Overview
7.2 North America Fuel Additives Market, by Regional Sub-Segment, 2014–2023
7.2.1 North America Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.2.2 North America Fuel Additives Market by Product (US$ Mn), 2014–2023
7.2.3 North America Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.2.4 North America Fuel Additives Market by Application (US$ Mn), 2014–2023
7.2.5 North America Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.2.6 North America Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.2.7 U.S. Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.2.8 U.S. Fuel Additives Market by Product (US$ Mn), 2014–2023
7.2.9 U.S. Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.2.10 U.S. Fuel Additives Market by Application (US$ Mn), 2014–2023
7.2.11 U.S. Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.2.12 U.S. Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.2.13 Rest of North America Fuel Additives Market by Product (Kilo Tons), 2014–2023
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7.2.14 Rest of North America Fuel Additives Market by Product (US$ Mn), 2014–2023
7.2.15 Rest of North America Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.2.16 Rest of North America Fuel Additives Market by Application (US$ Mn), 2014–2023
7.2.17 Rest of North America Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.2.18 Rest of North America Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.3 Europe Fuel Additives Market, by Regional Sub-Segment, 2014–2023
7.3.1 Europe Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.3.2 Europe Fuel Additives Market by Product (US$ Mn), 2014–2023
7.3.3 Europe Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.3.4 Europe Fuel Additives Market by Application (US$ Mn), 2014–2023
7.3.5 Europe Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.3.6 Europe Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.3.7 U.K. Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.3.8 U.K. Fuel Additives Market by Product (US$ Mn), 2014–2023
7.3.9 U.K. Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.3.10 U.K. Fuel Additives Market by Application (US$ Mn), 2014–2023
7.3.11 U.K. Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.3.12 U.K. Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.3.13 Germany Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.3.14 Germany Fuel Additives Market by Product (US$ Mn), 2014–2023
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7.3.15 Germany Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.3.16 Germany Fuel Additives Market by Application (US$ Mn), 2014–2023
7.3.17 Germany Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.3.18 Germany Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.3.19 France Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.3.20 France Fuel Additives Market by Product (US$ Mn), 2014–2023
7.3.21 France Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.3.22 France Fuel Additives Market by Application (US$ Mn), 2014–2023
7.3.23 France Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.3.24 France Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.3.25 Spain Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.3.26 Spain Fuel Additives Market by Product (US$ Mn), 2014–2023
7.3.27 Spain Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.3.28 Spain Fuel Additives Market by Application (US$ Mn), 2014–2023
7.3.29 Spain Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.3.30 Spain Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.3.31 Italy Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.3.32 Italy Fuel Additives Market by Product (US$ Mn), 2014–2023
7.3.33 Italy Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.3.34 Italy Fuel Additives Market by Application (US$ Mn), 2014–2023
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7.3.35 Italy Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.3.36 Italy Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.3.37 Rest of Europe Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.3.38 Rest of Europe Fuel Additives Market by Product (US$ Mn), 2014–2023
7.3.39 Rest of Europe Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.3.40 Rest of Europe Fuel Additives Market by Application (US$ Mn), 2014–2023
7.3.41 Rest of Europe Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.3.42 Rest of Europe Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.4 Asia Pacific Fuel Additives Market, by Regional Sub-Segment, 2014–2023
7.4.1 Asia Pacific Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.4.2 Asia Pacific Fuel Additives Market by Product (US$ Mn), 2014–2023
7.4.3 Asia Pacific Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.4.4 Asia Pacific Fuel Additives Market by Application (US$ Mn), 2014–2023
7.4.5 Asia Pacific Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.4.6 Asia Pacific Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.4.7 China Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.4.8 China Fuel Additives Market by Product (US$ Mn), 2014–2023
7.4.9 China Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.4.10 China Fuel Additives Market by Application (US$ Mn), 2014–2023
7.4.11 China Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
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7.4.12 China Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.4.13 Japan Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.4.14 Japan Fuel Additives Market by Product (US$ Mn), 2014–2023
7.4.15 Japan Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.4.16 Japan Fuel Additives Market by Application (US$ Mn), 2014–2023
7.4.17 Japan Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.4.18 Japan Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.4.19 ASEAN Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.4.20 ASEAN Fuel Additives Market by Product (US$ Mn), 2014–2023
7.4.21 ASEAN Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.4.22 ASEAN Fuel Additives Market by Application (US$ Mn), 2014–2023
7.4.23 ASEAN Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.4.24 ASEAN Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.4.25 Rest of Asia Pacific Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.4.26 Rest of Asia Pacific Fuel Additives Market by Product (US$ Mn), 2014–2023
7.4.27 Rest of Asia Pacific Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.4.28 Rest of Asia Pacific Fuel Additives Market by Application (US$ Mn), 2014–2023
7.4.29 Rest of Asia Pacific Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.4.30 Rest of Asia Pacific Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.5 Latin America Fuel Additives Market, by Regional Sub-Segment, 2014–2023
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7.5.1 Latin America Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.5.2 Latin America Fuel Additives Market by Product (US$ Mn), 2014–2023
7.5.3 Latin America Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.5.4 Latin America Fuel Additives Market by Application (US$ Mn), 2014–2023
7.5.5 Latin America Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.5.6 Latin America Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.5.7 Brazil Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.5.8 Brazil Fuel Additives Market by Product (US$ Mn), 2014–2023
7.5.9 Brazil Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.5.10 Brazil Fuel Additives Market by Application (US$ Mn), 2014–2023
7.5.11 Brazil Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.5.12 Brazil Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.5.13 Rest of Latin America Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.5.14 Rest of Latin America Fuel Additives Market by Product (US$ Mn), 2014–2023
7.5.15 Rest of Latin America Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.5.16 Rest of Latin America Fuel Additives Market by Application (US$ Mn), 2014–2023
7.5.17 Rest of Latin America Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.5.18 Rest of Latin America Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.6 Middle East & Africa Fuel Additives Market, by Regional Sub-Segment, 2014–2023
7.6.1 Middle East & Africa Fuel Additives Market by Product (Kilo Tons), 2014–2023
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7.6.2 Middle East & Africa Fuel Additives Market by Product (US$ Mn), 2014–2023
7.6.3 Middle East & Africa Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.6.4 Middle East & Africa Fuel Additives Market by Application (US$ Mn), 2014–2023
7.6.5 Middle East & Africa Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.6.6 Middle East & Africa Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.6.7 GCC Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.6.8 GCC Fuel Additives Market by Product (US$ Mn), 2014–2023
7.6.9 GCC Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.6.10 GCC Fuel Additives Market by Application (US$ Mn), 2014–2023
7.6.11 GCC Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.6.12 GCC Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.6.13 South Africa Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.6.14 South Africa Fuel Additives Market by Product (US$ Mn), 2014–2023
7.6.15 South Africa Fuel Additives Market by Application (Kilo Tons), 2014–2023
7.6.16 South Africa Fuel Additives Market by Application (US$ Mn), 2014–2023
7.6.17 South Africa Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.6.18 South Africa Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
7.6.19 Rest of Middle East & Africa Fuel Additives Market by Product (Kilo Tons), 2014–2023
7.6.20 Rest of Middle East & Africa Fuel Additives Market by Product (US$ Mn), 2014–2023
7.6.21 Rest of Middle East & Africa Fuel Additives Market by Application (Kilo Tons), 2014–2023
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7.6.22 Rest of Middle East & Africa Fuel Additives Market by Application (US$ Mn), 2014–2023
7.6.23 Rest of Middle East & Africa Fuel Additives Market by Antioxidant Types (Kilo Tons), 2014–2023
7.6.24 Rest of Middle East & Africa Fuel Additives Market by Antioxidant Types (US$ Mn), 2014–2023
Chapter 8 Company Profiles
8.1 Afton Chemical Corporation
8.2 AkzoNobel N.V.
8.3 Baker Hughes Incorporated
8.4 BASF SE
8.5 Chemtura Corporation
8.6 Evonik Industries AG
8.7 Huntsman Corporation
8.8 Innospec Inc.
8.9 Petroliam Nasional Berhad (Petronas Group)
8.10 The Dow Chemical Company
8.11 The Lubrizol Corporation
8.12 Total S.A.
Chapter 9 List of Customers
Chapter 10 Primary Research - Key Findings
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