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Fuel Additives Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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COVID-19
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Fuel additive is a performance modifier, which is formulated to enhance the existing properties and the efficacy of fuels. These additives are added in small quantities to fuels, mainly in gasoline. In addition, fuel additives are used as combustion antioxidants, modifiers, corrosion inhibitors, and deposit control detergents.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Type, Application, Industry Vertical, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), and LAMEA (Brazil, UAE, Saudi Arabia, South Africa, and Rest of LAMEA) |
Companies covered | Cerion LLC, Infinieum Limited, Afton Chemical Corporation, Lanxess, BASF SE, Chevron Oronite Company LLC, and Cummins LLC |
COVID-19 impact analysis
Oil & gas, chemical, energy, petrochemical, automotive, healthcare, and food industries are the major end users of the fuel additives. Most of the industries have become non-operational due to the emergence of the COVID-19 situation. Therefore, adoption of fuel additives is hampered to a notable extent. On the supply side, the production activities have witnessing sluggish trends. This pandemic situation is expected to lead to instability in the price trend of fuel additive due to fluctuation in the supply-demand gap.
Top impacting factors: market scenario analysis, trends, and drivers
The key factors driving the growth of the global fuel additive market are rapid increase in demand for efficient and low-emission fuels from automobiles along with increase in traffic congestion and diffusion of ultralow sulfur diesel. In China, due to favorable foreign trade and investments policies, rapid growth has been witnessed in industrialization in the last 30 years, which is directly impacting the demand for fuel additives. One of the recent trends observed in this market is rise in R&D activities in gasoline engine technologies due to rapid increase in consumption of gasoline additives, which is anticipated to significantly drive the growth of this market. Furthermore, the development of the automotive industry acts as a key driver of the global fuel additives market, as this industry serves as the major consumer of fuel additives. Moreover, rise in production of light commercial vehicles, passenger cars, and heavy commercial vehicles has been witnessed across the globe, which is anticipated to contribute toward the growth of the overall market. Increase in demand for ultralow sulfur diesel (ULSD)is expected to further boost the growth of newer emissions control solutions such as addition of fuel additives.
New product launches to boost the market growth
One of the leading chemical manufacturer in India, Dorf Ketal Chemicals India Private Limited recently launched two new brands mph and milEx. Mph is formulated for gasoline engines, whereas milEx is formulated for diesel engines. These are made with a multitude of special cutting-edge components, which help in protecting the entire fuel system, keeping engine clean, and reducing engine-out emission.
Key segments covered
Segment | Subsegment |
Type |
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Application |
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Industry Vertical |
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Key benefits of the report
- This study presents the analytical depiction of the global fuel additives market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fuel additives market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global fuel additives market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global fuel additive market research report:
- Which are the leading market players active in the global fuel additives market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities on the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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