Global Fuel Additives Market Outlook to 2023 by Product Type, Application and Geography - Accelerating Demand for Ultra-low-Sulfur Diesel (ULSD) - ResearchAndMarkets.com
The "Fuel
Additives Market - Segmented by Product Type, Application, and Geography
- Growth, Trends, and Forecast (2018 - 2023)" report has been
added to ResearchAndMarkets.com's offering.
The global fuel additives market is expected to register a CAGR of
healthy rate during the forecast period, 2018-2023.
The market is driven by factors, such as enactment of stringent
environmental regulations, rising global passenger traffic contributing
to the growth of the aviation market, and increasing demand for clean
and efficient fuel.
Fuel additives are an integral part of automotive, industrial, and
aerospace applications. In this report, the following principal end-user
industry segments taken into consideration are diesel, gasoline, jet
fuel, and others.
Stringent Regulations to Drive the Demand for Fuel Additives
Fuel additives aid in minimizing emissions and enhancing the performance
of the vehicle. Environmental concerns related to depletion of resources
are creating considerable demand for fuel additives. Subsequently,
public health concerns and environmental effects of the additives also
come into consideration.
As a result, the US Environmental Protection Agency (EPA) enacted Clean
Air Act, focusing on the impacts of the fuel additives (both gasoline
and diesel), which mandates the registration of fuel additives used in
the automotive industry. Governments across the globe are also currently
focusing on enhancing fuel economy as per the Corporate Average Fuel
Economy (CAFE) standards. Such a shift in focus has further increased
the importance of fuel additives.
Diesel Fuel Additives Witnessing Stable Growth
The global diesel fuel additives market is exhibiting stable growth on
account of increasing applications, technological advancements, and the
growing demand from the end-user industries. Diesel additives are the
major application of fuel additives.
Fuel additives are designed to meet the increasingly stringent
environment norms, as several countries are implementing regulations to
control emissions. These regulations, increasing demand for clean and
efficient fuel, and depleting crude reserves are the main market drivers
for the market.
The diesel additives market is witnessing an increase in demand due to
the increasing consumption of Ultra-Low-Sulfur Diesel (ULSD), which
requires higher concentration of additives. However, growing development
of hybrid engines, as well as plug-in electric vehicles in developed
economies are acting as hurdles for the growth of the diesel fuel
additives market.
North America to stand out as the Dominant Region
The demand for fuel additives in the North America region is growing at
a healthy rate, owing to the increasing government regulations on
emissions, along with increasing investments in the development of newer
additives.
Gasoline fuel additives have been one of the most dynamic segments of
the industry in the past decade and will continue to offer
opportunities, especially, for better performing products. Additionally,
fuel ethanol is the most excessively used fuel additive in the United
States.
Growing demand for fuel additives, abundant availability of biomass
feedstock used for production of biofuels and mandates issued by the US
Environment Protection Agency (EPA) on biofuels consumption are
anticipated to drive the demand for fuel additives in the United States.
Key Topics Covered
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Model
4. Market Dynamics
4.1 Drivers
4.1.1 Enactment of Stringent Environmental Regulations
4.1.2 Rising Global Passenger Traffic Contributing to the Growth of
Aviation Market
4.2 Restraints
4.2.1 Increasing Demand and Penetration of Battery Electric Vehicles
(BEVs)
4.2.2 High Costs of R&D Activities
4.3 Opportunities
4.3.1 Accelerating Demand for Ultra-low-Sulfur Diesel (ULSD)
4.3.2 Other Opportunities
5. Market Segmentation & Analysis (Market Size, Growth and
Forecast)
5.1 By Product Type
5.1.1 Deposit Control
5.1.2 Cetane Improvers
5.1.3 Lubricants
5.1.4 Antioxidants
5.1.5 Anticorrosion
5.1.6 Fuel Dyes
5.1.7 Cold Flow Improvers
5.1.8 Antiknock Agents
5.1.9 Others
5.2 By Application
5.2.1 Diesel
5.2.2 Gasoline
5.2.3 Jet Fuel
5.2.4 Others
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1 North America
6.2 Europe
6.3 Asia-Pacific
6.4 South America
6.5 Middle East & Africa
7. Competitive Landscape
7.1 Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials, Products & Services,
Recent Developments)
8.1 Afton Chemical Corporation
8.2 BASF SE
8.3 Cerion Energy
8.4 Chevron USA Inc.
8.5 Eni S.p.A.
8.6 Evonik Industries
8.7 Exxon Mobil Corporation
8.8 Innospec Inc.
8.9 Lanxess
8.10 Royal Dutch Shell PLC
8.11 The Lubrizol Corporation
8.12 Total
8.13 Qatar Fuel Additives Co. (QAFAC)
List not exhaustive
For more information about this report visit https://www.researchandmarkets.com/research/vwhmh6/global_fuel?w=4
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