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Specialty Fuel Additives Market

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Growing consumption of fuels and concern to meet the strict environment-related norms is expected to drive the global specialty fuel additives market.
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Specialty Fuel Additives Market Analysis, Size, Share, Growth and
Forecast to 2024 - Hexa Research
“Global specialty fuel additives market generated
volumes of 1.56 million tons in 2015. Its revenues
are projected to reach USD 10.5 billion by 2024.”
Global Specialty Fuel Additives Market generated volumes of 1.56 million tons in 2015. Its revenues are
projected to reach USD 10.5 billion by 2024. This can be attributed to rising penetration of alternative fuels
and higher focus on sustainable practices.
Regions like the EU, China, and U.S. are highly conscious of protecting our environment. They have
introduced regulations that encourage the adoption of sustainable resources. This trend is expected to
spread to others geographies as well, having a favorable impact on demand for specialty fuel additives.
The market is segmented on the basis of products, applications, and regions. Products encompass deposit
control additives, antioxidants, cetane improvers, cold flow improvers, lubricity improvers, corrosion
inhibitors, and others. Deposit control additives led the market in 2013, accounting for 40% volume share.
Cetane improvers, with 11% of the volumes, stood second.
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Rising use of detergents as fuel additives is an important driver of the dominance of deposit control
additives. Cold flow improvers could grow at the fastest rate (CAGR of 8%) from 2016 to 2024 (forecast
period). This could be credited to expanding demand for biofuel in Europe and North America.
Applications are split into gasoline, aviation turbine fuel (ATF), diesel, and other. ‘Other’ includes marine fuel
and heating oil. They accounted for 5% of the market in 2013. Gasoline held over 46% of the market volumes
in 2013. Although the U.S. generates robust demand for this fuel, other parts of the world prefer diesel. In
fact, diesel is anticipated to surpass gasoline and reign supreme by 2024.
Regional market segments are North America, Asia Pacific, Europe, Latin America, and MEA (Mi ddle East &
Africa). North America garnered maximum revenues in 2013. Asia Pacific was not far behind. It occupied over
27% of the global volumes that year. It is projected to grow at the fastest rate till 2024, owing to increasing
consumption of diesel in India and China.
The global specialty fuel additives market is moderately concentrated. Key vendors comprise BASF SE,
Infineum, NewMarket, Afton Chemical Corporation, Angus Chemical Company, Evonik Industries AG, and
Clariant International Ltd. High costs associated with research and development, technology, and manpower
are the primary challenges for market entry.
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Table of Content of Specialty Fuel Additives Market
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Specialty fuel additives market snapshot, 2016 - 2022
Chapter 3 Specialty Fuel Additives Industry Insights
3.1 Market segmentation
3.2 Market Size and Growth Prospects
3.3 Value Chain Analysis
3.4 Specialty fuel additives Industry dynamics
3.4.1 Growth drivers
3.4.1.1 Increasing demand for biofuels
3.4.1.2 Strong ULSD (Ultra Low Sulfur Diesel) demand
3.4.1.3 Stringent emission control regulatory standards
3.4.2 Industry pitfalls & challenges
3.4.2.1 Growing demand for alternative fuel (autogas/CNG)
3.5 Key growth opportunities
3.5.1 Key market opportunities
3.5.1.1 Increasing R&D on renewable/sustainable fuel additives
3.6 Porter’s analysis
3.7 Company market share analysis, 2016
3.8 PESTEL Analysis
Chapter 4 Specialty Fuel Additives Product Insights
4.1 Specialty fuel additives market volume share by product, 2016 & 2024
4.2 Deposit control additives
4.2.1 Market estimates & forecast, 2016 - 2024
4.2.2 Market estimates & forecast by region, 2016 - 2024
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4.3 Cetane improvers
4.3.1 Market estimates & forecast, 2016 - 2024
4.3.2 Market estimates & forecast by region, 2016 - 2024
4.4 Antioxidants
4.4.1 Market estimates & forecast, 2016 - 2024
4.4.2 Market estimates & forecast by region, 2016 - 2024
4.5 Lubricity improvers
4.5.1 Market estimates & forecast, 2016 - 2024
4.5.2 Market estimates & forecast by region, 2016 - 2024
4.6 Cold flow improvers
4.6.1 Market estimates & forecast, 2016 - 2024
4.6.2 Market estimates & forecast by region, 2016 - 2024
4.7 Corrosion inhibitors
4.7.1 Market estimates & forecast, 2016 - 2024
4.7.2 Market estimates & forecast by region, 2016 - 2024
4.8 Other
4.8.1 Market estimates & forecast, 2016 - 2024
4.8.2 Market estimates & forecast by region, 2016 - 2024
Chapter 5 Specialty Fuel Additives Application Insights
5.1 Specialty fuel additives market volume share by application, 2016 & 2024
5.2 Gasoline
5.2.1 Market estimates & forecast, 2016 - 2024
5.2.2 Market estimates & forecast, by region, 2016 - 2024
5.3 Diesel
5.3.1 Market estimates & forecast, 2016 - 2024
5.3.2 Market estimates & forecast, by region, 2016 - 2024
5.4 Aviation turbine fuel (ATF)
5.4.1 Market estimates & forecast, 2016 - 2024
5.4.2 Market estimates & forecast, by region, 2016 - 2024
5.5 Other
5.5.1 Market estimates & forecast, 2016 - 2024
5.5.2 Market estimates & forecast, by region, 2016 - 2024
Chapter 6 Specialty Fuel Additives Regional Insights
6.1 Specialty fuel additives market volume share by region, 2016 & 2024
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6.2 North America
6.2.1 N Market estimates & forecast, 2016 - 2024
6.2.2 Market estimates & forecast, by product, 2016 - 2024
6.2.3 Market estimates & forecast, by application, 2016 - 2024
6.3 Europe
6.3.1 Market estimates & forecast, 2016 - 2024
6.3.2 Market estimates & forecast by product, 2016 - 2024
6.3.3 E Market estimates & forecast by application, 2016 - 2024
6.4 Asia Pacific
6.4.1 Market estimates & forecast, 2016 - 2024
6.4.2 Market estimates & forecast by product, 2016 - 2024
6.4.3 Market estimates & forecast by application, 2016 - 2024
6.5 Middle East & Africa
6.5.1 Market estimates & forecast, 2016 - 2024
6.5.2 Market estimates & forecast by product, 2016 - 2024
6.5.3 Market estimates & forecast by application, 2016 - 2024
6.6 Latin America
6.6.1 Market estimates & forecast, 2016 - 2024
6.6.2 Market estimates & forecast by product, 2016 - 2024
6.6.3 Market estimates & forecast by application, 2016 - 2024
Chapter 7 Competitive Insights
7.1 Afton Chemical Corporation
7.2 Albemarle Corporation
7.3 Baker Hughes
7.4 BASF SE
7.5 Chemtura Corporation
7.6 Chevron Oronite S.A.S.
7.7 Clariant International Ltd
7.8 Dorf Ketal B.V.
7.9 Angus Chemical Company
7.10 EURENCO
7.11 Evonik Industries AG
7.12 GE Water & Process Technologies
7.13 Infineum UK Ltd.
7.14 Innospec Ltd.
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7.15 The Lubrizol Corporation
7.16 NALCO Champion (Ecolab)
7.17 Rheochemie Gmbh
7.18 TOTAL Additives and Special Fuels
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sara01.james
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