Diesel Fuel Additives Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

Fuel additives are chemical compounds that are used to augment the efficiency of a fuel. These are fused with fuels such as aviation fuel, diesel, fuel oil, gasoline, and others to advance fuel economy and proficiency. Fuel additives assistances fuels in accomplishing environmental emission regulator standards and improve vehicle or engine performance. In addition, fuel additives aids other purposes such as enhancement of combustion properties, reduction of corrosive effects, and improvement of several grades of fuel blends necessary for the automotive, industrial, commercial, and aerospace sectors.

Market Dynamics

Technological advancements and growing demand from end-user industries is likely to drive growth of this market. However, high cost related with R&D activities and growing penetration and demand of battery electric vehicles (BEVs) are restraining growth of this market. Nonetheless, growing demand for efficient and clean fuel, stringent environmental regulations, and exhausting crude reserves are some of the factors expected to boost the growth of this market in near future.

Market Classification

The diesel fuel additives market segmentation is segmented on the basis of type and geography. On the basis of type, the market is classified into antioxidants, lubricity improvers, deposit control, additives, stability improvers, anti-icing, cold flow improvers, corrosion inhibitors and others (dyes & markers, octane improvers, etc.). Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.

Report Coverage

Market Participants

Some of the market players in the diesel fuel additives market include Afton Chemical Corporation, Chevron Oronite Incorporation, BASF SE, Cerion Energy, Chemtura Corporation, Fuel Performance Solutions Incorporation, Cummins Incorporation, Total SA, The Lubrizol Corporation, and Dorf-Ketal Chemicals India Private Limited among others.

Market Segmentation

Market ByType

• Antioxidants
• Lubricity Improvers
• Deposit Control Additives
• Stability Improvers
• Anti-icing
• Cold Flow Improvers
• Corrosion Inhibitors
• Others (Dyes & Markers, Octane Improvers, etc.)

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA