Global Fuel Additives Market: Demand for Transportation Fuel to Encourage Large-Scale Production, Finds Tmr

Transparency Market

Research

Fuel Additives Market for Gasoline, Diesel, Aviation

Fuels, and Other Applications - Global Industry

Analysis, Size, Share, Growth, Trends, and Forecast

2015 - 2023

Published Date

18-March-2016

271 Page Report

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Global Fuel Additives Market: Demand for Transportation

Fuel to Encourage Large-scale Production, finds TMR

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Fuel Additives Market

REPORT DESCRIPTION

Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 2023

The global market for fuel additives is highly concentrated with large companies accounting for the leading

share, says Transparency Market Research (TMR) in a research report. The top five companies in the market

– Innospec, Afton Chemical Corporation, The Lubrizol Corporation, BASF SE, and Evonik Industries AG – held

a share of 42.1% in 2014 in the global fuel additives market.

In spite of intense competition, the multinational companies have been continuously leading the market.

Players that strive to achieve economies of scale and operate efficiently across the value chain are likely to

gain a competitive advantage over other players. Manufacturers are focusing on catering to specific

requirements of end users and expand their consumer base. This is expected to intensify the competition in the

market over the coming years.

The global fuel additives market is expected to rise at a CAGR of 8.3% from 2015 to 2023. The market is

expected to rise from a valuation US$5.8 bn in 2015 to US$11.0 bn by the end of 2023.

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Gasoline to Emerge as Leading Application Segment

In terms of application, gasoline emerged dominant in 2014 and is expected to maintain its...