세계의 연료 첨가제 시장 예측(-2028년)

Market Overview

The market for fuel additives is expected to witness significant growth owing to the increasing demand for high-quality products from the automotive and other end-use sectors. Strict government regulations, favorable policies, and growing awareness of reducing carbon emissions are also anticipated to contribute to the market's growth.

The fuel additives market is crucial in meeting the demands of industries that rely on hydrocarbon fuels for various applications, such as transportation and electricity production. Performance additives are extensively used to treat about 95% of on-road retail fuel, with almost half of the volume going to refineries and other terminals, ensuring compliance with European government standards. The expansion of the market is also expected to be driven by research and development in the Ultra-Low Sulfur Diesel sector.

Segment Overview

The market for Fuel Additives can be categorized by type, which includes Stability Improvers, Cold Flow Improvers, Lubricity Improvers, Deposit Control, Cetane Improvers, Octane Improvers, and Corrosion Inhibitors such as French/indirect process, American/direct process, wet process, and others. Cetane improvers are widely used in diesel fuel to enhance its ignition properties, as measured by the cetane number. The combustion of cetane improvers results in fuel reactions that initiate combustion at a lower temperature.

In terms of application, the Fuel Additives Market can be divided into diesel, gasoline, and aviation fuel. The gasoline segment dominates the market due to the increasing demand for gasoline fuel, backed by the rising production of automobiles. Furthermore, the growing demand for commercial aviation fuel due to the booming tourism industry is expected to propel the market's growth.

Regional Analysis

The largest revenue share in the global market has been recorded by Europe, which is supported by strict government norms and regulations towards environmental protection, aiming to restrict harmful energy resources. Europe is found to be following the REACH protocol, which refers to Registration, Evaluation, Authorisation, and Restriction of Chemicals, and various countries across the region issue guidelines for clean energy adoption, which significantly augments the regional market growth.

On the other hand, the Asia Pacific region is expected to exhibit the highest CAGR in the coming years. The increasing industrialization, growing public and private sector investments, and rising passenger traffic and working population are some of the major factors contributing to the regional market growth. Furthermore, rising investments by both the government and private sector to improve infrastructure is propelling market demand. For instance, in November 2020, Evonik Industries established a new additives testing lab in Shanghai. The well-established market players' presence and rising demand for automobiles are also fostering market demand in the near future.

Major Players

Key players in the market are Innospec (US), Afton Chemical (US), The Lubrizol Corporation (US), Infineum International Limited (UK), LANXESS (Germany), BASF SE (Germany), Chevron Corporation (US), Clariant (US), BARDAHL Manufacturing Corporation (US), and Wynn's (Belgium).

COVID 19 Impacts

The COVID-19 pandemic has had a significant impact on the global fuel additives market. The market witnessed a decline in demand due to the restrictions on travel and transportation, which resulted in a decrease in fuel consumption. This, in turn, led to a reduction in the production of fuel additives.

The aviation industry was one of the worst affected due to the pandemic, leading to a significant reduction in aviation fuel demand. This had a direct impact on the demand for fuel additives used in aviation fuel. Similarly, the decrease in demand for gasoline and diesel fuel led to a decrease in the demand for additives used in these fuels.

However, the market is expected to recover in the coming years due to the increasing demand for fuel additives in the automotive industry. The growing focus on reducing emissions from vehicles and improving fuel efficiency is expected to drive the demand for fuel additives. The increasing popularity of electric vehicles may impact the market in the long run, but for now, the market is expected to recover as the world recovers from the pandemic.

TABLE OF CONTENTS

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 18

• 1.1 MARKET ATTRACTIVENESS ANALYSIS 20
  • 1.1.1 GLOBAL FUEL ADDITIVES MARKET, BY TYPE 21
  • 1.1.2 GLOBAL FUEL ADDITIVES MARKET, BY FUEL TYPE 22
  • 1.1.3 GLOBAL FUEL ADDITIVES MARKET, BY APPLICATION 23
  • 1.1.4 GLOBAL FUEL ADDITIVES MARKET, BY REGION 24

2 MARKET INTRODUCTION 25

• 2.1 DEFINITION 25
• 2.2 SCOPE OF THE STUDY 25
• 2.3 MARKET STRUCTURE 26

3 RESEARCH METHODOLOGY 27

• 3.1 RESEARCH PROCESS 27
• 3.2 PRIMARY RESEARCH 28
• 3.3 SECONDARY RESEARCH 29
• 3.4 MARKET SIZE ESTIMATION 29
• 3.5 TOP-DOWN AND BOTTOM-UP APPROACH 30
• 3.6 FORECAST MODEL 31
• 3.7 LIST OF ASSUMPTIONS 32

4 MARKET DYNAMICS 33

• 4.1 INTRODUCTION 33
• 4.2 DRIVERS 34
  • 4.2.1 GROWING AUTOMOTIVE INDUSTRY 34
  • 4.2.2 INCREASING ENVIRONMENTAL REGULATIONS 36
  • 4.2.3 DEGRADING QUALITY OF CRUDE OIL 36
• 4.3 RESTRAINTS 37
  • 4.3.1 GROWING PREFERENCE FOR ALTERNATIVE FUELS 37
  • 4.3.2 INCREASING ADOPTION OF ELECTRIC VEHICLES 37
• 4.4 OPPORTUNITIES 38
  • 4.4.1 INCREASING DEMAND FOR ULTRA-LOW SULFUR DIESEL (ULSD) 38
  • 4.4.2 EXPANDING INDUSTRIALIZATION IN DEVELOPING COUNTRIES 39
  • 4.4.3 GROWING AUTOMOTIVE INDUSTRY IN LATIN AMERICA AND THE MIDDLE EAST 39
• 4.5 CHALLENGES 40
  • 4.5.1 FLUCTUATING CRUDE OIL PRICES AN HIGH R&D COST 40

5 MARKET FACTOR ANALYSIS 42

• 5.1 SUPPLY CHAIN ANALYSIS 42
  • 5.1.1 RAW MATERIAL SUPPLIERS 42
  • 5.1.2 FUEL ADDITIVE MANUFACTURERS 43
  • 5.1.3 DISTRIBUTION CHANNELS 43
  • 5.1.4 APPLICATIONS 43
• 5.2 PORTER'S FIVE FORCES MODEL 44
  • 5.2.1 THREAT OF NEW ENTRANTS 45
  • 5.2.2 BARGAINING POWER OF SUPPLIERS 45
  • 5.2.3 THREAT OF SUBSTITUTES 45
  • 5.2.4 BARGAINING POWER OF BUYERS 45
  • 5.2.5 RIVALRY 45
• 5.3 PRICING ANALYSIS, BY REGION, USD/TONS (2019-2019) 45
• 5.4 IMPACT OF COVID-19 ON THE GLOBAL FUEL ADDITIVE MARKET 46
  • 5.4.1 SUPPLY SIDE IMPACT 46
  • 5.4.2 DEMAND SIDE IMPACT 46

6 GLOBAL FUEL ADDITIVES MARKET, BY TYPE 48

• 6.1 OVERVIEW 48
  • 6.1.1 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2028 49
  • 6.1.2 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2028 50
• 6.2 DEPOSIT CONTROL 50
  • 6.2.1 DEPOSIT CONTROL: MARKET ESTIMATES & FORECAST BY REGION,2019-2028 51
• 6.3 CETANE & OCTANE BOOSTERS 52
  • 6.3.1 CETANE & OCTANE BOOSTERS: MARKET ESTIMATES & FORECAST BY REGION,2019-2028 52
• 6.4 LUBRICITY IMPROVISERS 53
  • 6.4.1 LUBRICITY IMPROVISERS: MARKET ESTIMATES & FORECAST BY REGION,2019-2028 53
• 6.5 COLD FLOW IMPROVERS 54
  • 6.5.1 COLD FLOW IMPROVERS: MARKET ESTIMATES & FORECAST BY REGION,2019-2028 54
• 6.6 STABILITY IMPROVERS 55
  • 6.6.1 STABILITY IMPROVERS: MARKET ESTIMATES & FORECAST BY REGION,2019-2028 55
• 6.7 CORROSION INHIBITORS 56
  • 6.7.1 CORROSION INHIBITORS: MARKET ESTIMATES & FORECAST BY REGION,2019-2028 56
• 6.8 OTHERS 57
  • 6.8.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2019-2028 57

7 GLOBAL FUEL ADDITIVES MARKET, BY FUEL TYPE 59

• 7.1 OVERVIEW 59
  • 7.1.1 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY FUEL TYPE, 2019-2028 60
  • 7.1.2 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY FUEL TYPE, 2019-2028 61
  • 7.1.3 DIESEL 61
    • 7.1.3.1 DIESEL: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 61
  • 7.1.4 GASOLINE 62
    • 7.1.4.1 GASOLINE: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 62
  • 7.1.5 AVIATION FUEL 63
    • 7.1.5.1 AVIATION FUEL: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 63
  • 7.1.6 OTHERS 64
    • 7.1.6.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 64

8 GLOBAL FUEL ADDITIVES MARKET, BY APPLICATION 66

• 8.1 OVERVIEW 66
  • 8.1.1 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2028 67
  • 8.1.2 FUEL ADDITIVES: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2028 68
• 8.2 PASSENGER VEHICLES 68
  • 8.2.1 PASSENGER VEHICLES: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 69
  • 8.2.2 PASSENGER VEHICLES: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 69
• 8.3 COMMERCIAL VEHICLE 70
  • 8.3.1 COMMERCIAL VEHICLE: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 70
  • 8.3.2 COMMERCIAL VEHICLE: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 70
• 8.4 OFF-HIGHWAY EQUIPMENT 71
  • 8.4.1 OFF-HIGHWAY EQUIPMENT: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 71
  • 8.4.2 OFF-HIGHWAY EQUIPMENT: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 71
• 8.5 AIRCRAFT 72
  • 8.5.1 AIRCRAFT: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 72
  • 8.5.2 AIRCRAFT: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 72
• 8.6 MARINE VESSELS 73
  • 8.6.1 MARINE VESSELS: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 73
  • 8.6.2 MARINE VESSELS: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 73
• 8.7 INDUSTRIAL 74
  • 8.7.1 INDUSTRIAL: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 74
  • 8.7.2 INDUSTRIAL: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 74
• 8.8 OTHERS 75
  • 8.8.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 75
  • 8.8.2 OTHERS: MARKET ESTIMATES & FORECAST BY REGION, 2019-2028 75

9 GLOBAL FUEL ADDITIVES MARKET, BY REGION 76

• 9.1 OVERVIEW 76
• 9.2 NORTH AMERICA 78
  • 9.2.1 US 82
  • 9.2.2 CANADA 85
• 9.3 EUROPE 88
  • 9.3.1 GERMANY 92
  • 9.3.2 UK 95
  • 9.3.3 FRANCE 98
  • 9.3.4 ITALY 101
  • 9.3.5 RUSSIA 104
  • 9.3.6 SPAIN 107
  • 9.3.7 REST OF EUROPE 110
• 9.4 ASIA-PACIFIC 113
  • 9.4.1 CHINA 117
  • 9.4.2 JAPAN 120
  • 9.4.3 INDIA 123
  • 9.4.4 SOUTH KOREA 126
  • 9.4.5 REST OF ASIA-PACIFIC 129
• 9.5 MIDDLE EAST & AFRICA (MEA) 132
  • 9.5.1 GCC COUNTRIES 136
  • 9.5.2 TURKEY 139
  • 9.5.3 SOUTH AFRICA 142
  • 9.5.4 REST OF MEA 145
• 9.6 LATIN AMERICA 148
  • 9.6.1 BRAZIL 152
  • 9.6.2 MEXICO 155
  • 9.6.3 ARGENTINA 158
  • 9.6.4 REST OF LATIN AMERICA 161

10 COMPETITIVE LANDSCAPE 165

• 10.1 COMPETITIVE OVERVIEW 165
• 10.2 GLOBAL MARKET STRATEGY ANALYSIS 165
• 10.3 KEY DEVELOPMENTS 166
• 10.4 COMPETITIVE BENCHMARKING 167

11 COMPANY PROFILES 168

• 11.1 INNOSPEC 168
  • 11.1.1 COMPANY OVERVIEW 168
  • 11.1.2 FINANCIAL OVERVIEW 169
  • 11.1.3 PRODUCTS OFFERED 169
  • 11.1.4 KEY DEVELOPMENTS 170
  • 11.1.5 SWOT ANALYSIS 171
  • 11.1.6 KEY STRATEGIES 171
• 11.2 THE LUBRIZOL CORPORATION 172
  • 11.2.1 COMPANY OVERVIEW 172
  • 11.2.2 FINANCIAL OVERVIEW 172
  • 11.2.3 PRODUCTS OFFERED 172
  • 11.2.4 KEY DEVELOPMENTS 172
  • 11.2.5 SWOT ANALYSIS 173
  • 11.2.6 KEY STRATEGIES 173
• 11.3 AFTON CHEMICAL 174
  • 11.3.1 COMPANY OVERVIEW 174
  • 11.3.2 FINANCIAL OVERVIEW 174
  • 11.3.3 PRODUCTS OFFERED 175
  • 11.3.4 KEY DEVELOPMENTS 175
  • 11.3.5 SWOT ANALYSIS 176
  • 11.3.6 KEY STRATEGIES 176
• 11.4 BASF SE 177
  • 11.4.1 COMPANY OVERVIEW 177
  • 11.4.2 FINANCIAL OVERVIEW 178
  • 11.4.3 PRODUCTS OFFERED 178
  • 11.4.4 KEY DEVELOPMENTS 179
  • 11.4.5 SWOT ANALYSIS 179
  • 11.4.6 KEY STRATEGIES 179
• 11.5 CHEVRON CORPORATION 180
  • 11.5.1 COMPANY OVERVIEW 180
  • 11.5.2 FINANCIAL OVERVIEW 181
  • 11.5.3 PRODUCTS OFFERED 181
  • 11.5.4 KEY DEVELOPMENTS 182
  • 11.5.5 SWOT ANALYSIS 182
  • 11.5.6 KEY STRATEGIES 182
• 11.6 LANXESS 183
  • 11.6.1 COMPANY OVERVIEW 183
  • 11.6.2 FINANCIAL OVERVIEW 184
  • 11.6.3 PRODUCTS OFFERED 184
  • 11.6.4 KEY DEVELOPMENTS 185
  • 11.6.5 SWOT ANALYSIS 185
  • 11.6.6 KEY STRATEGIES 185
• 11.7 CLARIANT 186
  • 11.7.1 COMPANY OVERVIEW 186
  • 11.7.2 FINANCIAL OVERVIEW 186
  • 11.7.3 PRODUCTS OFFERED 187
  • 11.7.4 KEY DEVELOPMENTS 187
  • 11.7.5 SWOT ANALYSIS 187
  • 11.7.6 KEY STRATEGIES 187
• 11.8 INFINEUM INTERNATIONAL LIMITED 188
  • 11.8.1 COMPANY OVERVIEW 188
  • 11.8.2 FINANCIAL OVERVIEW 188
  • 11.8.3 PRODUCTS OFFERED 188
  • 11.8.4 KEY DEVELOPMENTS 188
  • 11.8.5 SWOT ANALYSIS 189
  • 11.8.6 KEY STRATEGIES 189
• 11.9 BARDAHL MANUFACTURING CORPORATION 190
  • 11.9.1 COMPANY OVERVIEW 190
  • 11.9.2 FINANCIAL OVERVIEW 190
  • 11.9.3 PRODUCTS OFFERED 190
  • 11.9.4 KEY DEVELOPMENTS 190
  • 11.9.5 SWOT ANALYSIS 191
  • 11.9.6 KEY STRATEGIES 191
• 11.10 WYNN'S 192
  • 11.10.1 COMPANY OVERVIEW 192
  • 11.10.2 FINANCIAL OVERVIEW 192
  • 11.10.3 PRODUCTS OFFERED 192
  • 11.10.4 KEY DEVELOPMENTS 192
  • 11.10.5 SWOT ANALYSIS 193
  • 11.10.6 KEY STRATEGIES 193

12 APPENDIX 194

• 12.1 REFERENCES 194
• 12.2 RELATED REPORTS 195