Mar 27, 2019   SOURCE: BusinessWire

Global Fuel Additives Market Outlook to 2023 by Product Type, Application and Geography - Accelerating Demand for Ultra-low-Sulfur Diesel (ULSD) - ResearchAndMarkets.com

The "Fuel Additives Market - Segmented by Product Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global fuel additives market is expected to register a CAGR of healthy rate during the forecast period, 2018-2023.

The market is driven by factors, such as enactment of stringent environmental regulations, rising global passenger traffic contributing to the growth of the aviation market, and increasing demand for clean and efficient fuel.

Fuel additives are an integral part of automotive, industrial, and aerospace applications. In this report, the following principal end-user industry segments taken into consideration are diesel, gasoline, jet fuel, and others.

Stringent Regulations to Drive the Demand for Fuel Additives

Fuel additives aid in minimizing emissions and enhancing the performance of the vehicle. Environmental concerns related to depletion of resources are creating considerable demand for fuel additives. Subsequently, public health concerns and environmental effects of the additives also come into consideration.

As a result, the US Environmental Protection Agency (EPA) enacted Clean Air Act, focusing on the impacts of the fuel additives (both gasoline and diesel), which mandates the registration of fuel additives used in the automotive industry. Governments across the globe are also currently focusing on enhancing fuel economy as per the Corporate Average Fuel Economy (CAFE) standards. Such a shift in focus has further increased the importance of fuel additives.

Diesel Fuel Additives Witnessing Stable Growth

The global diesel fuel additives market is exhibiting stable growth on account of increasing applications, technological advancements, and the growing demand from the end-user industries. Diesel additives are the major application of fuel additives.

Fuel additives are designed to meet the increasingly stringent environment norms, as several countries are implementing regulations to control emissions. These regulations, increasing demand for clean and efficient fuel, and depleting crude reserves are the main market drivers for the market.

The diesel additives market is witnessing an increase in demand due to the increasing consumption of Ultra-Low-Sulfur Diesel (ULSD), which requires higher concentration of additives. However, growing development of hybrid engines, as well as plug-in electric vehicles in developed economies are acting as hurdles for the growth of the diesel fuel additives market.

North America to stand out as the Dominant Region

The demand for fuel additives in the North America region is growing at a healthy rate, owing to the increasing government regulations on emissions, along with increasing investments in the development of newer additives.

Gasoline fuel additives have been one of the most dynamic segments of the industry in the past decade and will continue to offer opportunities, especially, for better performing products. Additionally, fuel ethanol is the most excessively used fuel additive in the United States.

Growing demand for fuel additives, abundant availability of biomass feedstock used for production of biofuels and mandates issued by the US Environment Protection Agency (EPA) on biofuels consumption are anticipated to drive the demand for fuel additives in the United States.

Key Topics Covered

1. Introduction

1.1 Research Phases

1.2 Study Deliverables

1.3 Scope of the Report

2. Executive Summary

3. Market Insights

3.1 Industry Value Chain Analysis

3.2 Industry Attractiveness - Porter's Five Forces Model

4. Market Dynamics

4.1 Drivers

4.1.1 Enactment of Stringent Environmental Regulations

4.1.2 Rising Global Passenger Traffic Contributing to the Growth of Aviation Market

4.2 Restraints

4.2.1 Increasing Demand and Penetration of Battery Electric Vehicles (BEVs)

4.2.2 High Costs of R&D Activities

4.3 Opportunities

4.3.1 Accelerating Demand for Ultra-low-Sulfur Diesel (ULSD)

4.3.2 Other Opportunities

5. Market Segmentation & Analysis (Market Size, Growth and Forecast)

5.1 By Product Type

5.1.1 Deposit Control

5.1.2 Cetane Improvers

5.1.3 Lubricants

5.1.4 Antioxidants

5.1.5 Anticorrosion

5.1.6 Fuel Dyes

5.1.7 Cold Flow Improvers

5.1.8 Antiknock Agents

5.1.9 Others

5.2 By Application

5.2.1 Diesel

5.2.2 Gasoline

5.2.3 Jet Fuel

5.2.4 Others

6. Regional Market Analysis (Market Size, Growth and Forecast)

6.1 North America

6.2 Europe

6.3 Asia-Pacific

6.4 South America

6.5 Middle East & Africa

7. Competitive Landscape

7.1 Mergers, Acquisitions, Joint Ventures, Collaborations & Agreements

7.2 Market Share Analysis

7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials, Products & Services, Recent Developments)

8.1 Afton Chemical Corporation

8.2 BASF SE

8.3 Cerion Energy

8.4 Chevron USA Inc.

8.5 Eni S.p.A.

8.6 Evonik Industries

8.7 Exxon Mobil Corporation

8.8 Innospec Inc.

8.9 Lanxess

8.10 Royal Dutch Shell PLC

8.11 The Lubrizol Corporation

8.12 Total

8.13 Qatar Fuel Additives Co. (QAFAC)

List not exhaustive

For more information about this report visit https://www.researchandmarkets.com/research/vwhmh6/global_fuel?w=4