Fuel Additives Market will be worth of US$ 11.09 Bn by 2023, expanding at a CAGR of 8.3% by 2023

Transparency Market
Research
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 Indust
Published Date
18-March-2016
271 Page Report
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Press Release
Emission and Fuel-related Regulations Strengthen in
Emerging Economies, Fuel Additives Consumption Spurred,
reports TMR
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Fuel Additives Market
REPORT DESCRIPTION
Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 2023
Global Fuel Additives Market: Snapshot
A large number of consumers today are aware of the benefits of fuel additives, especially in North America and
Europe. This has spurred the demand for fuel additives in these regions. In an earlier report by ATC Europe,
over 95% of the fuel made available in the EU-28 region is usually treated with fuel additives. A similarly high
proportion of fuel additives is also used by the North American refineries in order to meet the stringent
emission standards.
In comparison, Latin America and Asia Pacific hold much more lenient regulatory action against higher
emissions and the necessity to treat fuel. This is expected to change in the coming years, as emission
standards are being consolidated due to climate control issues and the reduction in air quality. As a result, the
penetration of fuel additives manufacturers in these regions over the coming years will prove to be highly
beneficial to this market.
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Apart from the lack of regulatory pressure, other problems that fuel additive manufacturers are facing currently
include the high price of the additives. This will especially continue to be a problem in developing economies
where price sensitivity is higher for more consumers. At the same time, there are multiple alternative fuels
available that can completely negate the need for the current lineup of fuel additives.
Overall, the global market for fuel additives is expected to reach US$2.64 bn by the end of 2023. It is expected
reach US$1.62 bn by the end of 2016 and progress at a CAGR of 8.3% from 2015 to 2023.
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Low Global Penetration of Fuel Additives Outside North America Put This Region in Lead
North America holds a substantial lead in the consumption rate of fuel additives when compared to other key
regions. By the end of 2023, North America is expected to accrue US$3.93 bn in fuel additives. The two key
reasons facilitating this high consumption rate are the higher level of awareness and extremely stringent
emission standards and regulations. One of the key reasons spurring an increase in the demand for fuel
additives is the growing consumption of ultra-low-sulfur diesel. This diesel variant gives out very low emissions
but requires a larger proportion of fuel additives to function as desired.
While the consumption levels of fuel additives in Europe and Asia Pacific have been relatively equal, Asia
Pacific is expected to overtake Europe owing to a much higher demand surge that will occur in this region.
With emission standards being taken more seriously in this region, a higher market penetration is possible for
the manufacturers of fuel additives.
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Deposit Control Additives Leading in Consumption
Reducing the rate of deposits formed along the fuel lines of vehicles is one of the more efficient ways to curb
overconsumption of fuel. These deposits can end up choking the injector nozzles, thereby reducing the
efficiency with which the engine uses fuel. The automotive industry considers this as a core problem in fuel
consumption rates and has been followed up by government bodies. As a result of the strict regulatory
pressure to reduce the formation of deposits, deposit control fuel additives are used in a much higher quantity.
By the end of 2023, the revenue generated through fuel additives is expected to reach US$1.20 bn.
The key producers of fuel additives in the world currently include Innospec, Afton Chemical Corporation, The
Lubrizol Corporation, BASF SE, and Evonik Industries AG
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Report Scope
1.3 Assumptions
1.4 Market Segmentation
1.5 Research methodology
Chapter 2 Executive Summary
2.1 Global Fuel Additives Market (Kilo Tons) (US$ 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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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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A large number of consumers today are aware of the benefits of fuel additives, especially in North America and Europe. This has spurred the demand for fuel additives in these regions. In an earlier report by ATC Europe, over 95% of the fuel made available in the EU-28 region is usually treated with fuel additives. A similarly high proportion of fuel additives is also used by the North American refineries in order to meet the stringent emission standards.