Global Fuel Additives Market Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2030

In a recently published report, Global Fuel Additives Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Fuel Additives Market products.

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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.

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

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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, and biofuels. This is due to the stringent regulations in place in the west and is helping to drive the market for fuel additives.

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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 ContentsRegional AnalysisReport Highlights
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

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.

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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

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Phone: +1 313 462 0609

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