Press release
Global Fuel Performance Additives Market Set for Steady Growth Driven by Automotive and Aviation Demand
Fuel Performance Additives Market
Fuel performance additives are used to enhance the quality and efficiency of fuels. They work by improving lubrication, preventing corrosion, increasing octane ratings, and maintaining engine performance. In colder climates, anti-gel stabilizers prevent fuel from thickening, while octane boosters improve petrol engine efficiency. Fuel injectors also help maintain vehicle performance and longevity, especially in older models.
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Key Market Drivers
The aviation sector is a major contributor to market growth, using specialized fuels such as AVGAS UL91, AVGAS 100LL, JET A-1, and military-grade JET F-34. The growing need for fuel efficiency, reduced emissions, and engine protection is increasing demand for additives in both commercial and defense aviation.
Innovations and partnerships are further boosting the market. For example, NanoMalaysia Bhd, in collaboration with MY Synergy Factors and Universiti Teknologi Petronas, developed Synergy 10AS Nano, a graphene-based additive designed to reduce energy consumption in the oil and gas sector. This solution offers up to 75% reduced filter blocking, 20% better biostability for longer storage, and improved fuel economy.
Market Challenges
High costs, fluctuating prices, and the growing shift towards electric and hybrid vehicles are key challenges. The adoption of renewable energy sources and electric mobility is reducing reliance on traditional fuels. Geopolitical events, such as the Russia-Ukraine conflict, have also impacted fuel and additive pricing.
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Segment Insights
By Type: Lubricity improvers are expected to record strong growth due to stricter regulations requiring lower sulfur content in fuels. These additives protect against incomplete combustion, reduce maintenance costs, and improve engine performance. Notably, Afton Chemical's Greenclean 3 technology offers advanced diesel cleaning solutions that work with modern engines and emission control systems.
By Application: Diesel fuels hold a significant share, as diesel engines emit less CO2 and are widely used in heavy-duty vehicles. New premium diesel products, such as Cenex Roadmaster XL and Ruby Fieldmaster, are designed to boost performance, protect engines, and prevent buildup.
By End-Use: The automotive sector is anticipated to grow significantly due to increasing demand for additives that enhance fuel efficiency and reduce emissions. This trend is especially strong in emerging markets like China and India, where vehicle production is on the rise.
Outlook
The fuel performance additives market is set to benefit from ongoing technological advancements, rising demand for cleaner and more efficient fuels, and increasing use in both the automotive and aviation industries. However, companies will need to navigate challenges posed by high costs, fuel price volatility, and the accelerating transition to alternative energy sources.
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Some major companies included in the global fuel performance additives market report are:
BASF SE
Evonik
Afton Chemical
LANXESS
The Lubrizol Corporation
Dorf Ketal
Cummins Inc.
Chevron Corporation
ChemPoint
Solvay
Dow
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Fuel Performance Additives Market Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global fuel performance additives market based on type, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Deposit Control Additives
Lubricity Improvers
Antioxidants
Cold Flow Improvers
Anticorrosion
Cetane Improvers
Antiknock Agents
Gasoline Stabilizers
Octane Boosters
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Gasoline
Aviation Fuel
Diesel
Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
Chemical & Petrochemical
Automotive
Oil & Gas
Power & Energy
Food & Beverages
Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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