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Specialty fuels additives are chemical constitutions which when mixed with fuels enhance the properties of the fuel or restrain the undesirable properties of fuels. To impart the characteristics of the fuel additives are used. The additives are added to a large number of functions such as to reduce the consumption of fuel, reduce the emissions, to improve the power output and to prevent corrosion.

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Specialty Fuel Additives Market Analysis, Size, Share, Growth and

Forecast to 2024 - Hexa Research

“Global specialty fuel additives market generated

volumes of 1.56 million tons in 2015. Its revenues are

projected to reach USD 10.5 billion by 2024.”

Global Specialty Fuel Additives Market generated volumes of 1.56 million tons in 2015. Its revenues are

projected to reach USD 10.5 billion by 2024. This can be attributed to rising penetration of alternative fuels

and higher focus on sustainable practices.

Regions like the EU, China, and U.S. are highly conscious of protecting our environment. They have

introduced regulations that encourage the adoption of sustainable resources. This trend is expected to

spread to others geographies as well, having a favorable impact on demand for specialty fuel additives.

The market is segmented on the basis of products, applications, and regions. Products encompass deposit

control additives, antioxidants, cetane improvers, cold flow improvers, lubricity improvers, corrosion

inhibitors, and others. Deposit control additives led the market in 2013, accounting for 40% volume share.

Cetane improvers, with 11% of the volumes, stood second.

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Rising use of detergents as fuel additives is an important driver of the dominance of deposit control

additives. Cold flow improvers could grow at the fastest rate (CAGR of 8%) from 2016 to 2024 (forecast

period). This could be credited to expanding demand for biofuel in Europe and North America.

Applications are split into gasoline, aviation turbine fuel (ATF), diesel, and other. ‘Other’ includes marine fuel

and heating oil. They accounted for 5% of the market in 2013. Gasoline held over 46% of the market volumes

in 2013. Although the U.S. generates robust demand for this fuel, other parts of the world prefer diesel. In

fact, diesel is anticipated to surpass gasoline and reign supreme by 2024.

Regional market segments are North America, Asia Pacific, Europe, Latin America, and MEA (Middle East &

Africa). North America garnered maximum revenues in 2013. Asia Pacific was not far behind. It occupied over

27% of the global volumes that year. It is projected to grow at the fastest rate till 2024, owing to increasing

consumption of diesel in India and China.

The global specialty fuel additives market is moderately concentrated. Key vendors comprise BASF SE,

Infineum, NewMarket, Afton Chemical Corporation, Angus Chemical Company, Evonik Industries AG, and

Clariant International Ltd. High costs associated with research and development, technology, and manpower

are the primary challenges for market entry.

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Table of Content of Specialty Fuel Additives Market

Chapter 1 Methodology & Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical modeling and forecast

1.1.3 Industry insights and validation

1.2 List of Data Sources

Chapter 2 Executive Summary

2.1 Specialty fuel additives market snapshot, 2016 - 2022

Chapter 3 Specialty Fuel Additives Industry Insights

3.1 Market segmentation

3.2 Market Size and Growth Prospects

3.3 Value Chain Analysis

3.4 Specialty fuel additives Industry dynamics

3.4.1 Growth drivers

3.4.1.1 Increasing demand for biofuels

3.4.1.2 Strong ULSD (Ultra Low Sulfur Diesel) demand

3.4.1.3 Stringent emission control regulatory standards

3.4.2 Industry pitfalls & challenges

3.4.2.1 Growing demand for alternative fuel (autogas/CNG)

3.5 Key growth opportunities

3.5.1 Key market opportunities

3.5.1.1 Increasing R&D on renewable/sustainable fuel additives

3.6 Porter’s analysis

3.7 Company market share analysis, 2016

3.8 PESTEL Analysis

Chapter 4 Specialty Fuel Additives Product Insights

4.1 Specialty fuel additives market volume share by product, 2016 & 2024

4.2 Deposit control additives

4.2.1 Market estimates & forecast, 2016 - 2024

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4.2.2 Market estimates & forecast by region, 2016 - 2024

4.3 Cetane improvers

4.3.1 Market estimates & forecast, 2016 - 2024

4.3.2 Market estimates & forecast by region, 2016 - 2024

4.4 Antioxidants

4.4.1 Market estimates & forecast, 2016 - 2024

4.4.2 Market estimates & forecast by region, 2016 - 2024

4.5 Lubricity improvers

4.5.1 Market estimates & forecast, 2016 - 2024

4.5.2 Market estimates & forecast by region, 2016 - 2024

4.6 Cold flow improvers

4.6.1 Market estimates & forecast, 2016 - 2024

4.6.2 Market estimates & forecast by region, 2016 - 2024

4.7 Corrosion inhibitors

4.7.1 Market estimates & forecast, 2016 - 2024

4.7.2 Market estimates & forecast by region, 2016 - 2024

4.8 Other

4.8.1 Market estimates & forecast, 2016 - 2024

4.8.2 Market estimates & forecast by region, 2016 - 2024

Chapter 5 Specialty Fuel Additives Application Insights

5.1 Specialty fuel additives market volume share by application, 2016 & 2024

5.2 Gasoline

5.2.1 Market estimates & forecast, 2016 - 2024

5.2.2 Market estimates & forecast, by region, 2016 - 2024

5.3 Diesel

5.3.1 Market estimates & forecast, 2016 - 2024

5.3.2 Market estimates & forecast, by region, 2016 - 2024

5.4 Aviation turbine fuel (ATF)

5.4.1 Market estimates & forecast, 2016 - 2024

5.4.2 Market estimates & forecast, by region, 2016 - 2024

5.5 Other

5.5.1 Market estimates & forecast, 2016 - 2024

5.5.2 Market estimates & forecast, by region, 2016 - 2024

Chapter 6 Specialty Fuel Additives Regional Insights

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6.1 Specialty fuel additives market volume share by region, 2016 & 2024

6.2 North America

6.2.1 N Market estimates & forecast, 2016 - 2024

6.2.2 Market estimates & forecast, by product, 2016 - 2024

6.2.3 Market estimates & forecast, by application, 2016 - 2024

6.3 Europe

6.3.1 Market estimates & forecast, 2016 - 2024

6.3.2 Market estimates & forecast by product, 2016 - 2024

6.3.3 E Market estimates & forecast by application, 2016 - 2024

6.4 Asia Pacific

6.4.1 Market estimates & forecast, 2016 - 2024

6.4.2 Market estimates & forecast by product, 2016 - 2024

6.4.3 Market estimates & forecast by application, 2016 - 2024

6.5 Middle East & Africa

6.5.1 Market estimates & forecast, 2016 - 2024

6.5.2 Market estimates & forecast by product, 2016 - 2024

6.5.3 Market estimates & forecast by application, 2016 - 2024

6.6 Latin America

6.6.1 Market estimates & forecast, 2016 - 2024

6.6.2 Market estimates & forecast by product, 2016 - 2024

6.6.3 Market estimates & forecast by application, 2016 - 2024

Chapter 7 Competitive Insights

7.1 Afton Chemical Corporation

7.2 Albemarle Corporation

7.3 Baker Hughes

7.4 BASF SE

7.5 Chemtura Corporation

7.6 Chevron Oronite S.A.S.

7.7 Clariant International Ltd

7.8 Dorf Ketal B.V.

7.9 Angus Chemical Company

7.10 EURENCO

7.11 Evonik Industries AG

7.12 GE Water & Process Technologies

7.13 Infineum UK Ltd.

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7.14 Innospec Ltd.

7.15 The Lubrizol Corporation

7.16 NALCO Champion (Ecolab)

7.17 Rheochemie Gmbh

7.18 TOTAL Additives and Special Fuels

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research

and consulting services to a host of key industries across the globe. We offer comprehensive business

intelligence in the form of industry reports which help our clients obtain clarity about their business

environment and enable them to undertake strategic growth initiatives.

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