Global Fuel Additives Market

There is a stable growing market for fuel additives as they enhance the quality and make the fuel-efficient to be used in motor vehicles. The octane rating of the fuel is increased and provides other benefits such as corrosion resistant or acts as a lubricant which helps in higher compression ratios for better power in vehicles. It also aids in making the car go the extra mile, rough idling etc. There are many uses of fuel additives as removing sludge, minimizing soot, improves ignition and is available in different forms like liquid or powder form. This has been in use in the oil and gas industry for a very long time.

Market Dynamics:

Here we will analyze the market dynamics such as drivers, trends and industry-specific challenges for the Fuel Additives market.

Drivers:

Fuel consumption is increasing day by day in developed countries followed by the consumer's awareness of the benefits of fuel additives and demand for efficient fuels are the main drivers in the market. The use of Ultra-Low Sulphur Diesel (ULSD) as a fuel additive is also driving up the market. Due to government regulations and stringent norms regarding carbon emission is increasing the demand or fuel additives.

Trends:

As there has been a rise of harmful toxins being emitted out by vehicles, a lot of environmental damage is being done and this has led to increasing use of fuel additives which helps to reduce the combustion and avoid emitting out harmful pollutants. As the topic of protecting the environment is still in the news, the government has plans of implementing renewable energy to be used in transport and to reduce greenhouse gas emissions. There are a lot of research and development activities taking place to innovate and produce new products as fuel additives.

Restraint & Challenges:

The lack of awareness and alimited quantity of fuel additives pose restraints and limitations to the growing global fuel additive market. The constant fluctuations in price can affect the industry adversely. There is also the threat of the automobile industry shifting to production of electric cars.

Market Segmentation:

The market is segmented by Product Analysis

--> Octane Booster

--> Cetane Improver

--> Corrosion Inhibitor

--> Antioxidants

--> Deposit Control

--> Cold Flow Improver

--> Combustion Improver

--> Anti-icing

--> Dehazer/Demulsifier

--> Biocide

--> Others

The market is segmented by Fuel Type Analysis

--> Gasoline

--> Diesel

--> Others (Aviation Fuel, Marine Fuel, and Heating Oil)

The market is segmented by End-user Industry Analysis

--> Automotive

--> Passenger Vehicles

--> Light Commercial Vehicles

--> Heavy Commercial Vehicles

--> Oil & Gas

--> Others

Geographic analysis:

There have been constant shifts in the chemical industry. U.S. use of shale gas is being used majorly in the Western region of the world. While in the Eastern countries, there is a growing demand for high-performance fuels for vehicles. This is moreover being sustained by the ever-growing automobile industry and the increasing sales of vehicles.

The increased demand for cleaner, efficient fuels in America and Europe includes fuels such as CNG, LPG,andbiofuels. This is due to the stringent regulations in place in the west and is helping to drive the market for fuel additives.

Key Players:

Some of the major players in the market include:

--> Afton Chemical Corporation

--> Lubrizol

--> Innospec Inc.

--> Infineum International Ltd.

--> BASF SE

--> Dutch Shell

--> Chemtura Corp.

--> AkzoNobel N.V.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage