The potential growth difference for the fuel additives market in APAC between 2021 and 2026 is USD 870.28 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver - The rising demand for ULSD is one of the key drivers supporting the fuel additives market growth in APAC. ULSD requires a high use of fuel additives such as cetane improvers, octane improvers, antioxidants, and corrosion inhibitors. The improved cetane numbers of ULSD fuel types can reduce fuel consumption, noise and vast smoke exhaust, and emissions. However, the use of ULSD helps improve combustion efficiency and the quick start of the engine in cold weather conditions. The adoption of cetane, cold flow, and octane improvers is expected to increase due to the rise in the use of ULSD fuel types. Fuel additives to inhibit corrosion and increase lubricity are also added to ULSD to prevent unacceptable engine wear and increase the performance of vehicles. These factors are expected to boost the growth of the fuel additives market in APAC during the forecast period.
- Market Challenges - The growing demand for electric vehicles in the automotive industry is one of the factors hindering the fuel additives market growth in APAC. Concerns regarding environmental sustainability have led vendors in the automotive industry to manufacture electric vehicles to reduce emissions. Significantly, the growing demand for electric vehicles in countries such as India, China, Japan, and others is expected to pose a threat to fuel additives. For example, in 2019, more than 2 million electric cars were sold globally, and China accounted for half of the total sales. This will be a major challenging factor for fuel additives manufacturers across the world. Thus, the growing innovation and research for alternative fuel technologies are expected to hinder the growth of the fuel additives market in APAC.
To learn about additional key drivers, trends, and challenges- Read our FREE Sample Report right now!
Market Segmentation Analysis
The fuel additives market in APAC report is segmented by Application (Diesel fuel additives, Gasoline fuel additives, Aviation fuel additives, and Others) and Geography (China, Japan, India, Australia, and the Rest of APAC).
- 45% of the market's growth will originate from China during the forecast period. China is the key market for fuel additives market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The emergence of a manufacturing hub will facilitate the fuel additives market in APAC growth in China over the forecast period.
- The fuel additives market share growth in APAC by the diesel fuel additives segment will be significant during the forecast period. Diesel fuel additives accounted for the largest share in the fuel additives market in APAC in 2021. They are witnessing high demand due to the increasing consumption of ultra-low sulfur diesel (ULSD) fuel. This is because ULSD fuel requires a high volume of additives. Thus, the high consumption of diesel in countries like China and India is driving the segment. Such an increase in demand for diesel fuel additives will drive market growth during the forecast period.
View our sample report for additional insights into the contribution of all the segments & regional opportunities in the report.
Some Companies Mentioned
The fuel additives market in APAC is fragmented and the vendors are deploying growth strategies such as R&D, quality, price, marketing strategies, market expansion, investments, and distribution networks to compete in the market.
- Afton Group
- Baker Hughes Co.
- BASF SE
- Chevron Corp.
- Clariant International Ltd.
- Croda International Plc
- Dorf Ketal Chemicals (I) Pvt. Ltd.
- Exxon Mobil Corp.
- Innospec Inc.
- The Lubrizol Corp.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Fuel Additives Market In APAC Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.64% |
Market growth 2022-2026 |
USD 870.28 million |
Market structure |
Fragmented |
YoY growth (%) |
5.01 |
Performing market contribution |
China at 45% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Afton Group, Baker Hughes Co., BASF SE, Chevron Corp., Clariant International Ltd., Croda International Plc, Dorf Ketal Chemicals (I) Pvt. Ltd., Exxon Mobil Corp., Innospec Inc., and The Lubrizol Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
2.1.1 Parent Market
Exhibit 07 Parent market
Exhibit 08: Market characteristics
2.2 Value Chain Analysis
Exhibit 09: Value Chain Analysis: Sprciality Chemicals
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Support activities
2.2.7 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 14: Five forces analysis 2021 - 2026
4.2 Bargaining power of buyers
Exhibit 15: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 16: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 17: Threat of new entrants
4.5 Threat of substitutes
Exhibit 18: Threat of substitutes
4.6 Threat of rivalry
Exhibit 19: Threat of rivalry
4.7 Market condition
Exhibit 20: Market condition - Five forces 2021
5. Market Segmentation by Application
5.1 Market segments
Exhibit 21: Application Market share 2021 - 2026 (%)
5.2 Comparison by Application
Exhibit 22: Comparison by Application
5.3 Diesel fuel additives - Market size and forecast 2021-2026
Exhibit 23: Diesel fuel additives- Market size and forecast 2021-2026 ($ million)
Exhibit 24: Diesel fuel additives- Year-over-year growth 2021-2026 (%)
5.4 Gasoline fuel additives - Market size and forecast 2021-2026
Exhibit 25: Gasoline fuel additives- Market size and forecast 2021-2026 ($ million)
Exhibit 26: Gasoline fuel additives - Year-over-year growth 2021-2026 (%)
5.5 Aviation fuel additives - Market size and forecast 2021-2026
Exhibit 27: Aviation fuel additives- Market size and forecast 2021-2026 ($ million)
Exhibit 28: Aviation fuel additives- Year-over-year growth 2021-2026 (%)
5.6 Others - Market size and forecast 2021-2026
Exhibit 29: Others- Market size and forecast 2021-2026 ($ million)
Exhibit 30: Others- Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by Application
Exhibit 31: Market opportunity by Application
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
6.1 Overview
Exhibit 32: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 33: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 34: Geographic comparison
7.3 China - Market size and forecast 2021-2026
Exhibit 35: China - Market size and forecast 2021-2026($ million)
Exhibit 36: China - Year-over-year growth 2021-2026 (%)
7.4 Japan- Market size and forecast 2021-2026
Exhibit 37: Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Japan- Year-over-year growth 2021-2026(%)
7.5 India- Market size and forecast 2021-2026
Exhibit 39: India - Market size and forecast 2021-2026 ($ million)
Exhibit 40: India- Year-over-year growth 2021-2026 (%)
7.6 Australia- Market size and forecast 2021-2026
Exhibit 41: Australia - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Australia - Year-over-year growth 2021-2026 (%)
7.7 Rest of APAC - Market size and forecast 2021-2026
Exhibit 43: Rest of APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Rest of APAC - Year-over-year growth 2021-2026 (%)
7.8 Market opportunity by geography
Exhibit 45: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Rising demand for ULSD
8.1.2 Growing demand for fuel from end-user industries
8.1.3 Increasing demand for biofuels
8.2 Market challenges
8.2.1 Growing demand for electric vehicles in the automotive industry
8.2.2 Rising need for renewable clean fuel
8.2.3 Stringent regulations and policies
Exhibit 46: Impact of drivers and challenges
8.3 Market trends
8.3.1 New developments in fuel additives
8.3.2 Growing demand for multifunctional additives
8.3.3 Increasing popularity of mobile power plants
9. Vendor Landscape
9.1 Competitive Scenario
9.2 Overview
Exhibit 47: Vendor landscape
9.3 Landscape disruption
Exhibit 48: Landscape disruption
Exhibit 49: Industry Risk
10. Vendor Analysis
10.1 Vendors covered
Exhibit 50: Vendors covered
10.2 Market positioning of vendors
Exhibit 51: Market positioning of vendors
10.3 Afton Group
Exhibit 52: Afton Group - Overview
Exhibit 53: Afton Group - Product and service
Exhibit 54: Afton Group - Key offerings
10.4 Baker Hughes Co.
Exhibit 55: Baker Hughes Co. - Overview
Exhibit 56: Baker Hughes Co. - Business segments
Exhibit 57: Baker Hughes Co.- Key news
Exhibit 58: Baker Hughes Co. - Key offerings
Exhibit 59: Baker Hughes Co. - Segment focus
10.5 BASF SE
Exhibit 60: BASF SE - Overview
Exhibit 61: BASF SE - Business segments
Exhibit 62: BASF SE- Key news
Exhibit 63: BASF SE - Key offerings
Exhibit 64: BASF SE - Segment focus
10.6 Chevron Corp.
Exhibit 65: Chevron Corp. - Overview
Exhibit 66: Chevron Corp. - Business segments
Exhibit 67: Chevron Corp. - Key news
Exhibit 68: Chevron Corp. - Key offerings
Exhibit 69: Chevron Corp. - Segment focus
10.7 Clariant International Ltd.
Exhibit 70: Clariant International Ltd. - Overview
Exhibit 71: Clariant International Ltd. - Business segments
Exhibit 72: Clariant International Ltd. - Key news
Exhibit 73: Clariant International Ltd. - Key offerings
Exhibit 74: Clariant International Ltd. - Segment focus
10.8 Croda International Plc
Exhibit 75: Croda International Plc - Overview
Exhibit 76: Croda International Plc - Business segments
Exhibit 77: Croda International Plc - Key news
Exhibit 78: Croda International Plc - Key offerings
Exhibit 79: Croda International Plc - Segment focus
10.9 Dorf Ketal Chemicals (I) Pvt. Ltd.
Exhibit 80: Dorf Ketal Chemicals (I) Pvt. Ltd. - Overview
Exhibit 81: Dorf Ketal Chemicals (I) Pvt. Ltd. - Product and service
Dorf Ketal Chemicals (I) Pvt. Ltd. - Key news
Exhibit 82: Dorf Ketal Chemicals (I) Pvt. Ltd. - Key offerings
10.10 Exxon Mobil Corp.
Exhibit 83: Exxon Mobil Corp. - Overview
Exhibit 84: Exxon Mobil Corp. - Business segments
Exhibit 85: Exxon Mobil Corp. - Key news
Exhibit 86: Exxon Mobil Corp. - Key offerings
Exhibit 87: Exxon Mobil Corp. - Segment focus
10.11 Innospec Inc.
Exhibit 88: Innospec Inc. - Overview
Exhibit 89: Innospec Inc. - Business segments
Exhibit 90: Innospec Inc. - Key offerings
Exhibit 91: Innospec Inc. - Segment focus
10.12 The Lubrizol Corp.
Exhibit 92: The Lubrizol Corp. - Overview
Exhibit 93: The Lubrizol Corp. - Product and service
Exhibit 94: The Lubrizol Corp.- Key news
Exhibit 95: The Lubrizol Corp. - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 96: Currency conversion rates for US$?
11.3 Research Methodology
Exhibit 97: Research Methodology
Exhibit 98: Validation techniques employed for market sizing?
Exhibit 99:Information sources
11.4 List of abbreviations
Exhibit 100: List of abbreviations
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