Petroleum Additives Market (By Type - Deposit Control, Antioxidants, Lubricants, Fuel Dyes, Anticorrosion, Antiknock Agents, Others; By Application - Diesel, Jet Fuel, Gasoline, Others) - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Report ID : ARC734

Introduction

Additives are the chemical compounds which are added to any material to enhance the quality or performance. Petroleum additives are chemical compounds that improve the performance of petroleum oil. Generally additives are added upto 5% by weight of the petroleum oil. Petroleum additives includes chemical breakdown control additives, viscosity & lubricity modifiers, contaminant control additives, antioxidants, stabilizers and anti-knock agents, fuel dye & performance enhancing additives, and others.

During last few years there is a significant increase in the demand for the petroleum products which has gained the attention of various companies. A number of companies are involved in introduce new additives which will improve the quality of the fuel. Now-a-days, nearly all the commercial motor oils contain additives, whether it is synthetic or petroleum based oil. Increasing environmental issues has increased demand for the natural petroleum additives. However, the American Petroleum Institute (API) Service SA motor oils have no additives, and they are therefore incapable of protecting modern engines.

Market Dynamics

The global petroleum additives market is majorly driven by increasing number of vehicles, rising demand for the petroleum products and rapid development in technology. Growing demand for low emission and efficient energy source from the manufacturing, aviation and automobiles along with the stringent environmental regulations are projected the boost the market growth. During last few years, there is a significant increase in the number of automotive vehicles which has increased the levels of toxic emissions as a result of fuel used in vehicles. This has increase adverse impact on environment. This has increased demand for the additives which will help to emit less toxic chemicals. Techno economic feasibility of petroleum additives has got a huge opportunity in near future.

However, increasing demand for electric and battery powered vehicles and high cost of natural additives will hinder the growth of the market. The market possess a huge opportunity owing to increasing demand for Ultra-low-Sulfur Diesel (ULSD).

Market Classification and Overview

The global petroleum additives market is majorly segmented into types and application. On the basis of types, the market is segmented into deposit control, antioxidants, lubricants, fuel dyes, anticorrosion, antiknock agents, and others. On the basis of application, the market is categorized into diesel, jet fuel, gasoline, and others.

Regional Overview

Geographically, petroleum additives market is majorly segmented into North America, Europe, Asia Pacific, and the Latin America, Middle East and Africa. Asia Pacific is expected to dominate the global market owing to the presence of huge number of manufacturer, rapid industrialization, demand for increasing efficiency, and implementation of stringent emission control regulation in China, India, and Japan. From 2010-2016, the automotive demand in Asia Pacific was increased by 7%. Rapidly increasing automotive industry in Asia Pacific will fuel the growth of the market over the forecast period.

North America is expected to hold the second largest share followed by Europe and the Latin America, Middle East. The European specialty fuel additives market is expected to on account of rising environmental regulations coupled with increasing demand for biofuels are anticipated to drive the market in this region. The increasing trend of additives in biodiesel blends in the North American and Europe regions will drive the market growth. Additionally, rapidly increasing price inflation due to increasing pressure on raw materials will affect the growth of the growth positively.

LAMEA is expected to be holds the least share in the market owing to the presence of poor economies in especially Africa region.

Report Coverage

Market

Petroleum Additives Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

BASF, Innospec, Total, Baker Hughes, Lubrizol, Albemarle, Dow Chemical Company, Chemtura, Chevron Oronite, Dorf Ketal, Evonik Industries, NALCO Champion, Eurenco, and Clariant are the major players in this industry.

Market Segmentation

Market By Type

  • Deposit Control
  • Antioxidants
  • Lubricants
  • Fuel Dyes
  • Anticorrosion
  • Antiknock Agents
  • Others

Market By Application

  • Diesel
  • Jet Fuel
  • Gasoline
  • Others

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


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