Specialty Fuel Additives Market

Specialty Fuel Additives Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020

  • Ongoing
  • August 2020
  • REP-GB-298
  • PDF PPT EXCEL
Specialty Fuel Additives Market
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This Specialty Fuel Additives market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Specialty Fuel Additives market.

Specialty fuel additives are chemical formulations which when added to fuel, enhance desirable properties of the fuel or suppress the undesirable properties of the fuel. An additive may be used unaided or may be combined with other additives to impart desired characteristics to the fuel. The additives are generally added for a multitude of functions such as to improve the power output, reduce the consumption of fuel, improve the efficiency and reduce the emissions on combustion, prevent corrosive effects etc.

The specialty fuel additives market can be segmented product wise intofuel antioxidants, lubricity improvers, corrosion inhibitors, deposit control additives, cold flow improvers, cetane number improvers, fuel system icing inhibitors,metal deactivators etc. Based on the application, specialty fuel additives market can be segmented on the basis of fuel types such asgasoline(petrol) additives, diesel additives, aviation turbine fuel additives, and others (heating fuels, marine fuel additives).

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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The cold flow improvers’ product segment of specialty fuel additives market is expected to record a rapid growth in the next five years.The demand for diesel fuel additives is expected to emerge as the largest segment of specialty fuel additives market in the next five years owing to an increase in fuel consumption in Asia-Pacific, as well as the increase in demand for ULSD (ultra-low sulfur diesel).North America commands predominant share in specialty fuel additives market. However, North America and Europe are mature markets and have reached a saturation stage. In order to grow, manufacturers are pursuing opportunities in Asia Pacific specialty fuel additives market where there has been a significant growth in the consumption of fuel in recent past. Increase in vehicle fleet especially in China and India are fueling growth in specialty fuel additives market in the region.

The APAC specialty fuel additives market is expected to exhibit moderate single digit growth over the next five years. The developed regions such as North America, Europe have witnessed an increase in demand for bio-fuel, this in turn willdrive the demand for specialty fuel additives in these markets.

The growing emphasis on developing cleaner fuels while not compromising on performance and efficiency, the increasing awareness about conservation of resources and the need to comply with the stringent regulations emerge as the major drivers for the specialty fuel additives market. Moreover, in order to address the ever increasing competition, manufacturers are developing application specific differentiated products. However, an increase in demand for alternative fuels like LPG and CNG could hamper the growth of specialty fuel additives market to a certain extent.

The major players in the specialty fuel additives market are Lubrizol Corporation, Innospec, Infineum, Chevron Oronite Company LLC, Evonik Industries AG, Chemtura Corporation, andBaker Hughes among others. 

The research report presents a comprehensive assessment of the specialty fuel additives market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies. 

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  • Gain Insights on Key Specialty Fuel Additives Market Impacting Forces
  • Know the Winning Strategies of Market Leaders
  • Get Deep-Dive Analysis on Each Segment
  • Identify the Sources that will Drive Top-Line Revenue

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern  Europe
  • Middle East & Africa

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions

What research methodology is used to develop the Specialty Fuel Additives Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Specialty Fuel Additives Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Specialty Fuel Additives Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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