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Fuel Additive Industry Market Research & Statistics

 
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Global Fuel Additive Industry

 

Fuel additives are used to make fuels necessary for motor vehicle function more efficient, and can either be added to gasoline or sold separately. The benefits of fuel additives include superior engine performance and increased power, both of which allow drivers to travel further than they could travel on basic gasoline.

 

Fuel additives are also used to limit or prevent the build-up of deposits in the engine, which in turns lengthens the life of a vehicle, letting car owners delay replacement or repair.

 

In the US, the fuel additive industry is expected to exceed the $1.5 billion mark by 2016, according to research from Freedonia. Industry performance will be fuelled by recovery in the petroleum fuel sector, with demand rising in tandem with economic growth. Higher additive rates, driven by increasing biofuel consumption under government regulations, will also have a beneficial impact on the global fuel additive industry.

 

Trends

 

  • The diesel additive market segment is among the most affected by the US Renewable Fuel Standard 2 (RFS2) regulations, reports Freedonia. With increased use of biodiesel, the cold flow improvers segment is set to record the highest rate of growth compared with other fuel additives. Diesel additive demand is set to rise over the next decade as demand for diesel fuel rises due to economic recovery, increased goods shipping and a greater number of diesel fuel-efficient passenger vehicles in the market.

 

  • Growing use of biofuels will drive demand for gasoline additives. Corrosion inhibitors are set to record above-average growth as ethanol is used more and more in gasoline supply. Deposit control agents will continue to represent the leading market segment, but will record modest yearly growth. Following the Environmental Protection Agency’s attempts to control gasoline detergent levels, demand dropped, leading to deposit-related engine issues. This, in turn, led to the implementation of the 2004 Top Tier Detergent Gasoline standard. The majority of leading gasoline brands adopted the standard and deposit control demand recovered. Modest growth in this market segment through 2016 will be motivated by industry player efforts to set their products apart, appealing to consumers through the promotion of the high-detergent content of their gasoline.

 

  • Blender and terminal additives demand is expected to continue rising over the coming years, reports Freedonia. Market growth will be driven by smaller fuel retailers increasing rising use of detergent levels to appeal to consumers. Meanwhile, increasing biodiesel consumption will lead to increased use of cold flow improver at the blender and terminal level. Aftermarket demand will witness the highest rate of growth, fuelled by customer efforts to cut down on fuel costs by taking better care of their engines.

 

Market Outlook

 

Government regulations will be involved in shaping the specialty fuel additives market, reports Freedonia. To comply with the Renewable Fuel Standard 2 (RFS2), the Environmental Protection Agency will increase the amount of biodiesel and ethanol usage in the fuel supply. This will drive demand for specialty fuel additives.

 

 

Leading Industry Associations

 

ReportLinker.com offers immediate download access to top market reports & statistics on the Fuel Additive Industry from trusted sources.
1-10 of about 1 700 reports

Fuel Additive Industry in Russia

  • June 2013
    24 pages
  • Fuel Additive  

  • Russian Federat  

    Europe  

View report >

Fuel Additive Industry in India

  • January 2014
    5 pages
  • Bio Fuel  

    Geothermal Heat  

    Fuel Additive  

  • India  

View report >

Biodiesel Industry in Indonesia

  • June 2015
    9 pages
  • Bio Fuel  

    Biodiesel  

  • Indonesia  

View report >

Biodiesel Supply in Japan

  • June 2015
    7 pages
  • Bio Fuel  

    Edible Oil  

    Biodiesel  

  • Japan  

View report >

Vegetable Oil Industry in the US and Indonesia Forecast

  • June 2015
  • Oilseed  

    Vegetable Oil  

    Biodiesel  

  • United States  

    Indonesia  

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Corn Supply in China

  • June 2015
    6 pages
  • Corn  

    Biodiesel  

  • China  

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Biodiesel Supply in Nepal

  • June 2015
    34 pages
  • Bio Fuel  

    Biodiesel  

    Energy  

  • Nepal  

    Asia  

View report >

Biodiesel Industry in Brazil

  • June 2015
    10 pages
  • Bio Fuel  

    Oilseed  

    Biodiesel  

  • Brazil  

    United States  

View report >

The future of the Bio Fuel Industry in the US

  • June 2015
  • Bio Fuel  

    Corn Oil  

    Biodiesel  

  • United States  

View report >

Bio Fuel Industry in Norway Forecast

  • May 2015
    4 pages
  • Bio Fuel  

    Biodiesel  

  • Norway  

    Europe  

View report >

Search in Fuel Additive Industry (About 1 700 reports)
Topics under Fuel Additive

Parent industry:  Specialty Chemical

Related industries: Synthetic Dye and Pigment

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