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
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 78 |
Published | May 2024 |
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 |