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Petroleum Additives-Global Market Insights and Sales Trends 2025
Synopsis
Fuel additives are engineered to improve efficiency of fuels such as diesel, gasoline, and distillate fuels in several ways. Key functionality aspects of fuel additives include affecting burn and combustion rates, to work under high temperatures, to reduce harmful emissions and to improve fuel efficiency.
The global Petroleum Additives market size is expected to reach US$ 29320 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of Petroleum Additives in various end use industries. The expanding demands from the Diesel, Gasoline, Aviation and Others, are propelling Petroleum Additives market. Deposit Control, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Antioxidant segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Petroleum Additives market, driven by demand from China, the second largest economy with some signs of stabilising, the Petroleum Additives market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Petroleum Additives, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Petroleum Additives market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Petroleum Additives market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Petroleum Additives sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Petroleum Additives covered in this report include Afton Chemical, Akzo Nobel N.V., GE(Baker Hughes), BASF, Lanxess, Evonik Industries, Huntsman Corporation, Innospec and Petroliam Nasional Berhad (PETRONAS), etc.
The global Petroleum Additives market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Afton Chemical
Akzo Nobel N.V.
GE(Baker Hughes)
BASF
Lanxess
Evonik Industries
Huntsman Corporation
Innospec
Petroliam Nasional Berhad (PETRONAS)
DowDuPont
Lubrizol Corporation
Global Petroleum Additives market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Petroleum Additives market, Segment by Type:
Deposit Control
Antioxidant
Corrosion
Inhibitor
Lubricity & Cetane Improvers
Others
Global Petroleum Additives market, by Application
Diesel
Gasoline
Aviation
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Petroleum Additives manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Petroleum Additives in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Fuel additives are engineered to improve efficiency of fuels such as diesel, gasoline, and distillate fuels in several ways. Key functionality aspects of fuel additives include affecting burn and combustion rates, to work under high temperatures, to reduce harmful emissions and to improve fuel efficiency.
The global Petroleum Additives market size is expected to reach US$ 29320 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of Petroleum Additives in various end use industries. The expanding demands from the Diesel, Gasoline, Aviation and Others, are propelling Petroleum Additives market. Deposit Control, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Antioxidant segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Petroleum Additives market, driven by demand from China, the second largest economy with some signs of stabilising, the Petroleum Additives market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Petroleum Additives, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Petroleum Additives market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Petroleum Additives market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Petroleum Additives sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Petroleum Additives covered in this report include Afton Chemical, Akzo Nobel N.V., GE(Baker Hughes), BASF, Lanxess, Evonik Industries, Huntsman Corporation, Innospec and Petroliam Nasional Berhad (PETRONAS), etc.
The global Petroleum Additives market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Afton Chemical
Akzo Nobel N.V.
GE(Baker Hughes)
BASF
Lanxess
Evonik Industries
Huntsman Corporation
Innospec
Petroliam Nasional Berhad (PETRONAS)
DowDuPont
Lubrizol Corporation
Global Petroleum Additives market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Petroleum Additives market, Segment by Type:
Deposit Control
Antioxidant
Corrosion
Inhibitor
Lubricity & Cetane Improvers
Others
Global Petroleum Additives market, by Application
Diesel
Gasoline
Aviation
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Petroleum Additives manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Petroleum Additives in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Petroleum Additives Market Overview
1.1 Petroleum Additives Product Overview
1.2 Petroleum Additives Market Segment by Type
1.2.1 Deposit Control
1.2.2 Antioxidant
1.2.3 Corrosion
1.2.4 Inhibitor
1.2.5 Lubricity & Cetane Improvers
1.2.6 Others
1.3 Global Petroleum Additives Market Size by Type
1.3.1 Global Petroleum Additives Market Size Overview by Type (2018-2029)
1.3.2 Global Petroleum Additives Historic Market Size Review by Type (2018-2023)
1.3.3 Global Petroleum Additives Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Petroleum Additives Sales Breakdown by Type (2018-2023)
1.4.2 Europe Petroleum Additives Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Petroleum Additives Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Petroleum Additives Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Petroleum Additives Sales Breakdown by Type (2018-2023)
2 Global Petroleum Additives Market Competition by Company
2.1 Global Top Players by Petroleum Additives Sales (2018-2023)
2.2 Global Top Players by Petroleum Additives Revenue (2018-2023)
2.3 Global Top Players by Petroleum Additives Price (2018-2023)
2.4 Global Top Manufacturers Petroleum Additives Manufacturing Base Distribution, Sales Area, Product Type
2.5 Petroleum Additives Market Competitive Situation and Trends
2.5.1 Petroleum Additives Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Petroleum Additives Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Petroleum Additives as of 2022)
2.7 Date of Key Manufacturers Enter into Petroleum Additives Market
2.8 Key Manufacturers Petroleum Additives Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Petroleum Additives Status and Outlook by Region
3.1 Global Petroleum Additives Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Petroleum Additives Historic Market Size by Region
3.2.1 Global Petroleum Additives Sales in Volume by Region (2018-2023)
3.2.2 Global Petroleum Additives Sales in Value by Region (2018-2023)
3.2.3 Global Petroleum Additives Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Petroleum Additives Forecasted Market Size by Region
3.3.1 Global Petroleum Additives Sales in Volume by Region (2024-2029)
3.3.2 Global Petroleum Additives Sales in Value by Region (2024-2029)
3.3.3 Global Petroleum Additives Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Petroleum Additives by Application
4.1 Petroleum Additives Market Segment by Application
4.1.1 Diesel
4.1.2 Gasoline
4.1.3 Aviation
4.1.4 Others
4.2 Global Petroleum Additives Market Size by Application
4.2.1 Global Petroleum Additives Market Size Overview by Application (2018-2029)
4.2.2 Global Petroleum Additives Historic Market Size Review by Application (2018-2023)
4.2.3 Global Petroleum Additives Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Petroleum Additives Sales Breakdown by Application (2018-2023)
4.3.2 Europe Petroleum Additives Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Petroleum Additives Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Petroleum Additives Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Petroleum Additives Sales Breakdown by Application (2018-2023)
5 North America Petroleum Additives by Country
5.1 North America Petroleum Additives Historic Market Size by Country
5.1.1 North America Petroleum Additives Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Petroleum Additives Sales in Volume by Country (2018-2023)
5.1.3 North America Petroleum Additives Sales in Value by Country (2018-2023)
5.2 North America Petroleum Additives Forecasted Market Size by Country
5.2.1 North America Petroleum Additives Sales in Volume by Country (2024-2029)
5.2.2 North America Petroleum Additives Sales in Value by Country (2024-2029)
6 Europe Petroleum Additives by Country
6.1 Europe Petroleum Additives Historic Market Size by Country
6.1.1 Europe Petroleum Additives Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Petroleum Additives Sales in Volume by Country (2018-2023)
6.1.3 Europe Petroleum Additives Sales in Value by Country (2018-2023)
6.2 Europe Petroleum Additives Forecasted Market Size by Country
6.2.1 Europe Petroleum Additives Sales in Volume by Country (2024-2029)
6.2.2 Europe Petroleum Additives Sales in Value by Country (2024-2029)
7 Asia-Pacific Petroleum Additives by Region
7.1 Asia-Pacific Petroleum Additives Historic Market Size by Region
7.1.1 Asia-Pacific Petroleum Additives Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Petroleum Additives Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Petroleum Additives Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Petroleum Additives Forecasted Market Size by Region
7.2.1 Asia-Pacific Petroleum Additives Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Petroleum Additives Sales in Value by Region (2024-2029)
8 Latin America Petroleum Additives by Country
8.1 Latin America Petroleum Additives Historic Market Size by Country
8.1.1 Latin America Petroleum Additives Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Petroleum Additives Sales in Volume by Country (2018-2023)
8.1.3 Latin America Petroleum Additives Sales in Value by Country (2018-2023)
8.2 Latin America Petroleum Additives Forecasted Market Size by Country
8.2.1 Latin America Petroleum Additives Sales in Volume by Country (2024-2029)
8.2.2 Latin America Petroleum Additives Sales in Value by Country (2024-2029)
9 Middle East and Africa Petroleum Additives by Country
9.1 Middle East and Africa Petroleum Additives Historic Market Size by Country
9.1.1 Middle East and Africa Petroleum Additives Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Petroleum Additives Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Petroleum Additives Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Petroleum Additives Forecasted Market Size by Country
9.2.1 Middle East and Africa Petroleum Additives Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Petroleum Additives Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Afton Chemical
10.1.1 Afton Chemical Company Information
10.1.2 Afton Chemical Introduction and Business Overview
10.1.3 Afton Chemical Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Afton Chemical Petroleum Additives Products Offered
10.1.5 Afton Chemical Recent Development
10.2 Akzo Nobel N.V.
10.2.1 Akzo Nobel N.V. Company Information
10.2.2 Akzo Nobel N.V. Introduction and Business Overview
10.2.3 Akzo Nobel N.V. Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Akzo Nobel N.V. Petroleum Additives Products Offered
10.2.5 Akzo Nobel N.V. Recent Development
10.3 GE(Baker Hughes)
10.3.1 GE(Baker Hughes) Company Information
10.3.2 GE(Baker Hughes) Introduction and Business Overview
10.3.3 GE(Baker Hughes) Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.3.4 GE(Baker Hughes) Petroleum Additives Products Offered
10.3.5 GE(Baker Hughes) Recent Development
10.4 BASF
10.4.1 BASF Company Information
10.4.2 BASF Introduction and Business Overview
10.4.3 BASF Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BASF Petroleum Additives Products Offered
10.4.5 BASF Recent Development
10.5 Lanxess
10.5.1 Lanxess Company Information
10.5.2 Lanxess Introduction and Business Overview
10.5.3 Lanxess Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Lanxess Petroleum Additives Products Offered
10.5.5 Lanxess Recent Development
10.6 Evonik Industries
10.6.1 Evonik Industries Company Information
10.6.2 Evonik Industries Introduction and Business Overview
10.6.3 Evonik Industries Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Evonik Industries Petroleum Additives Products Offered
10.6.5 Evonik Industries Recent Development
10.7 Huntsman Corporation
10.7.1 Huntsman Corporation Company Information
10.7.2 Huntsman Corporation Introduction and Business Overview
10.7.3 Huntsman Corporation Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Huntsman Corporation Petroleum Additives Products Offered
10.7.5 Huntsman Corporation Recent Development
10.8 Innospec
10.8.1 Innospec Company Information
10.8.2 Innospec Introduction and Business Overview
10.8.3 Innospec Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Innospec Petroleum Additives Products Offered
10.8.5 Innospec Recent Development
10.9 Petroliam Nasional Berhad (PETRONAS)
10.9.1 Petroliam Nasional Berhad (PETRONAS) Company Information
10.9.2 Petroliam Nasional Berhad (PETRONAS) Introduction and Business Overview
10.9.3 Petroliam Nasional Berhad (PETRONAS) Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Petroliam Nasional Berhad (PETRONAS) Petroleum Additives Products Offered
10.9.5 Petroliam Nasional Berhad (PETRONAS) Recent Development
10.10 DowDuPont
10.10.1 DowDuPont Company Information
10.10.2 DowDuPont Introduction and Business Overview
10.10.3 DowDuPont Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.10.4 DowDuPont Petroleum Additives Products Offered
10.10.5 DowDuPont Recent Development
10.11 Lubrizol Corporation
10.11.1 Lubrizol Corporation Company Information
10.11.2 Lubrizol Corporation Introduction and Business Overview
10.11.3 Lubrizol Corporation Petroleum Additives Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Lubrizol Corporation Petroleum Additives Products Offered
10.11.5 Lubrizol Corporation Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Petroleum Additives Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Petroleum Additives Industrial Chain Analysis
11.4 Petroleum Additives Market Dynamics
11.4.1 Petroleum Additives Industry Trends
11.4.2 Petroleum Additives Market Drivers
11.4.3 Petroleum Additives Market Challenges
11.4.4 Petroleum Additives Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Petroleum Additives Distributors
12.3 Petroleum Additives Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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