Quick Summary:
In an ever-evolving landscape, the global Fuel Additives market is an area of significance for any executive looking to stay ahead of the curve. With a projected ascension to US$8.8 billion by 2030, keeping abreast of the nuances of this industry has never been more essential. Our in-depth market research report serves as a comprehensive guide, highlighting key trends, market growth, segment analysis, and the role of various geographical markets.
The US market, holding an estimated worth of US$1.6 Billion in 2022, is one among several regional markets featured in our study including prominent economies like China, Japan, Canada, and Germany. We also offer insights into key players such as Afton Chemical Corp., Baker Hughes, Basf SE, and Chevron Oronite Company LLC, among others. Apart from providing a global competitiveness graph, our report also includes an online interactive peer-to-peer collaborative platform, access to digital archives, and complimentary updates for a year. Don't miss out on this opportunity to gain a competitive advantage in the Fuel Additives market.
Global Fuel Additives Market to Reach $8.8 Billion by 2030
The global market for Fuel Additives estimated at US$5.8 Billion in the year 2022, is projected to reach a revised size of US$8.8 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030. Deposit Control, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$2.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cetane Improvers segment is readjusted to a revised 5.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 8.4% CAGR
The Fuel Additives market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.Select Competitors (Total 12 Featured) -
- Afton Chemical Corp.
- Baker Hughes
- Basf SE
- Cerion LLC
- Chevron Oronite Company LLC
- Clariant AG
- Cummins, Inc.
- Dorf Ketal Chemicals
- Evonik Industries AG
- Huntsman Corp.
- Inf Ineum International Ltd.
- Innospec, INC.
- Lanxess
- Lubrizol Corp.
- Solvay
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Fuel Additives?
What is the growth rate of the Global Market for Fuel Additives?
What is the forecasted size of the Global Market for Fuel Additives?
Who are the key companies in the Global Market for Fuel Additives?
| Report Attribute | Details |
|---|---|
| No. of Pages | 78 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 5.8 Billion |
| Forecasted Market Value ( USD | $ 8.8 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Afton Chemical Corp.
- Baker Hughes
- Basf SE
- Cerion LLC
- Chevron Oronite Company LLC
- Clariant AG
- Cummins, Inc.
- Dorf Ketal Chemicals
- Evonik Industries AG
- Huntsman Corp.
- Inf Ineum International Ltd.
- Innospec, INC.
- Lanxess
- Lubrizol Corp.
- Solvay
