About Gasoline Fuel Additives
Gasoline Fuel additives are compounds formulated to enhance the quality and efficiency of fuels. Gasoline additives typically increase gasoline octane rating or act as corrosion inhibitors or lubricants. These additives include oxygenates, ethers, antioxidants, antiknock agents, fuel dyes, metal deactivators and corrosion inhibitors. Oxygenates helps to reduce the carbon monoxide emissions produced when fuel is burning. These are used as combustion modifiers, antioxidants, corrosion inhibitors, and deposit control detergents.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.2% |
The Market for the Gasoline Fuel Additives is Fragmented with the Presence of Many Players. Owing to Booming Industrialization, There are Growing Prospects for the New Players to Enter the Market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Gasoline Fuel Additives market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Afton Chemical Corporation (United States), Albemarle Corporation (United States), Chevron Oronite SA (United States), Infineum International Limited (United States), The Lubrizol Corporation (United States), Fuel Performance Solutions, Inc. (United States), ERC Additive GmbH (Germany), Dorf Ketal Chemicals LLC (United States), Innospec Inc. (United States) and BASF SE (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SABIC (Saudi Arabia), Sri Ramm Industries (India), PackSafe Industries (India), Thermochem Corporation Private Limited (India) and Iftex Oil & Chemicals Ltd (India).
Segmentation Overview
AMA Research has segmented the market of Global Gasoline Fuel Additives market by Type (Diesel and Petrol), Application (Antioxidant, Deposit Control, Engine Wear Additive, Lubricity and Cetane Improver, Octane Improver and Others) and Region.
On the basis of geography, the market of Gasoline Fuel Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging Type, the sub-segment i.e. Plastic Bottle will boost the Gasoline Fuel Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Car will boost the Gasoline Fuel Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Gasoline Fuel Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Demand for Multifunction Gasoline Fuel Additives Are Increasing
Market Growth Drivers:
The Rising Awareness of Environmental Pollution Leads to the Growth in Gasoline Fuel Additives and The Demand for Improving Handling Properties and Stability of the Fuel Tends To Rise in Gasoline Fuel Additives
Challenges:
The Use of Compressed Natural Gas (CNG) Vehicles Is Increasing and Chemicals in Gasoline Fuel Additives May Harm the Engine If Not Used Properly
Restraints:
Harmful Toxic Elements Release by Gasoline Fuel Additives Has Bad Effect on the Environment
Opportunities:
The Growing Demand for Diesel Based Passenger Cars
Market Leaders and their expansionary development strategies
In July 2021, BASF and IHS Markit announced a collaboration to develop a new cloud-based service for fuel retailers to optimize fuel formulations based on real-time market data.
In 2023, The Lubrizol Corporation introduced a new line of gasoline additives formulated to meet the latest performance standards and emission regulations.
Registration at 40 CFR 79 is by manufacturer/company. It covers production of a registered fuel or fuel additive at all of the manufacturer’s facilities, even facilities acquired after registration. For example, a manufacturer of biodiesel may only have one facility at the time of registration. Later, the manufacturer may acquire a second facility to produce biodiesel. The biodiesel produced at the second facility would be covered by the registration.
Key Target Audience
Manufacturers of Gasoline Fuel Additives, Distributors, Traders, & Suppliers, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.