"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Fuel Additives Market Size, Share & Industry Analysis, By Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, and Corrosion Inhibitors), By Application (Gasoline, Diesel, and Aviation Fuel), and Regional Forecast, 2024-2032

Last Updated: May 27, 2024 | Format: PDF | Report ID: FBI102913



Play Audio Listen to Audio Version

The global fuel additives market size was USD 9.15 billion in 2023 and is projected to grow from USD 9.71 billion in 2024 to USD 15.30 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period.

Due to the rising demand for advanced and improved goods from the car and other end-use sectors, the worldwide market is expected to rise significantly. Stringent restrictions implemented by government businesses are another major factor that is predicted to boost the global market. Furthermore, favorable government regulations and increased awareness about carbon emission reduction will benefit the market.

The automobile industry has seen a decline in demand because of the shutdown of operating activities, during the pandemic. The European vehicle manufacturers and corporations had to reduce their operational output to deal with the falling demand. Renault, for example, halted production at 12 plants in France, affecting over 18,000 workers. The demand for gasoline greatly reduced because of the strict rules and code of conduct enforced by governments to prevent the spread of infection. Due to the strict lockdown and curfew, demand for fuel and its additives decreased.

In the coming years, the middle class and young people will contribute even more to the additives demand. During the COVID-19 epidemic, there was a minor impact on the supply of types for the gasoline additive business. The pandemic and the ensuing lockdown wreaked havoc on the fuel additive industry's whole production and supply chain. However, with the declining impact of the pandemic, fuel use increased in the automotive industry. This resulted in the stabilized additives market.

Fuel Additives Market Trends

Increasing Research and Usage of Ultra-Low Sulfur Diesel to Create New Opportunities

Ultra Low Sulfur Diesel (ULSD) was developed as a response to a number of regulatory activities aimed at reducing diesel fuel emissions. The Clean Air Act was amended in 1990, requiring stringent emission reductions of hydrocarbons, nitrogen oxides, carbon monoxide, particulate matter and other air-polluting emissions. The envisioned effect of lowering sulfur content in diesel has led to numerous positives that can be observed from the huge reductions in harmful emissions. Unfortunately, to achieve reduced sulfur levels, the fuel must first be processed. This processing has led to some less-than-desirable side effects due to the changes it makes to the fuel’s chemistry and reduces the lubricity, thus creating demand for lubricity-improving fuel additives.

Sulfur at an Extremely Low Level Sulfur-free diesel is diesel with a low sulfur content. This is an example of how sophisticated low-emission technologies can potentially reduce harmful gas emissions from diesel combustion. The European government enacted regulations that required the reduction of diesel sulfur content and the implementation of current ULSD criteria. However, in order to retain its performance, the ULSD requires lubricity improvers. One of the trends that is predicted to boost the growth rate of this market is the rising demand for low-sulfur fuel.

Request a Free sample to learn more about this report.

Fuel Additives Market Growth Factors

Favorable Regulatory Scenario to Propel Fuel Additives Market Growth

Due to the increased demand for fuel from various industries, the market for fuel additives is likely to rise rapidly. The industry of fuel additives is one that requires a lot of research and development. To address the demand from companies that convert hydrocarbon n fuels to heat energy for diverse applications such as transportation, electricity production, and others, a wide range of products has been produced. According to ATC data, 95 percent of on-road retail fuel is treated with performance additives, accounting for about half of the volume, with the rest going to refineries and other terminals. This assures that the output meets the European government's criteria. Additionally, market expansion will be fueled by increased research and development in the Ultra-Low Sulfur Diesel business.

The market development will be aided by stricter emissions control from autos and refineries. One of the factors promoting growth and development in the product portfolio of fuel additives is growing concerns about air pollution caused by incomplete and complete combustion of hydrocarbons. The Clean Air Act, for example, specifies the use of detergents and deposit control additives to reduce carbon monoxide emissions. Furthermore, a diverse assortment of goods for various types of fuels improves the fuel's performance. Fuel-related difficulties in engines and machinery including fuel efficiency are common, but they can be solved with the application of additives. They are commonly found in refineries, distribution systems, and even storage tanks for various transportation systems and vehicles.

Degrading Quality of Crude Oil to Drive Market

Petroleum oils are quickly photo-oxidized and biodegraded because of the presence of marine microorganisms that utilize it as a carbon source. This occurs mostly at the oil-water interface, producing a wide range of compounds that decrease the quality of the petroleum oil produced. Both of these factors work together to speed up the oxidation process under specific conditions. Fuel additives remove carbonaceous deposits on the walls of combustion chambers. Furthermore, one of the factors diminishing the quality of crude oils is the ongoing mining of crude oil reservoirs to obtain petroleum oil and natural gas. Increasing demand for these additives to preserve quality and meet government standards will drive the market forward.


Rise in Demand for Alternative Fuels May Hamper Demand

Over the last few years, various forms of clean energy sources have been produced. Concerns about carbon emissions and air pollution have increased the need for sustainable energy sources dramatically. One of the most recent technologies produced for sustainable living is the use of batteries in vehicles and automobiles. Organizations, enterprises, and governments that provide transportation prefer Electric Vehicles (EVs) to practice sustainability and support the use of clean and green energy sources.

Fuel Additives Market Segmentation Analysis

By Type Analysis

Cetane Improvers Segment to Generate High Revenue Due to High Demand from Key End-Use Industries

Based on type, the market is segmented into deposit control, cetane improvers, lubricity improver, cold-flow improver, stability improver, octane improver, and corrosion inhibitors. Cetane number is the parameter used to indicate the ignition properties of a fuel relative to the standard cetane number. Cetane improvers are highly employed in diesel fuel. Its exothermic decomposition lead to fuel reactions which results in the start of combustion at lower temperature.

Octane improvers is the major segment. Higher octane number of a fuel indicates higher performance. Increasing demand for octane improvers from refineries due to its cost-effectiveness in order to meet the octane number specifications shall boost its demand. Deposit control additive and stability improvers are in demand attributed to the decreasing quality of crude oil and petroleum oils.

By Application Analysis

To know how our report can help streamline your business, Speak to Analyst

Gasoline Segment to Hold a Significant Share Due to Growth in Automotive Sector

The market is segmented into gasoline, diesel, and aviation fuel in terms of application. The gasoline segment constituted the primary market share in 2023. Growing demand for gasoline fuel supported by the increasing automotive production is one of the prime reason driving the market. Besides increasing demand for aviation fuel for commercial application owing to the increasing tourism is expected to drive the market's growth.


North America Fuel Additives Market Size, 2023 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample

The fuel additives market share in North America was estimated to be worth USD 3.07 billion in 2023. North America currently dominates the market and is expected to do so during the projected period. Increasing petroleum exploration operations and increasing demand for fuel from a variety of end-user industries, such as transportation and power production, could propel market expansion. The rapidly increasing aerospace and defense sector, as well as numerous U.S. government projects will fuel regional prosperity.

In terms of volume, Europe is likely to rise significantly. The market is likely to be driven by the well-established automotive manufacturing sector and rising demand for passenger automobiles. Furthermore, the presence of organizations such as the Additive Technical Committee (ATC), which supports the expansion of the additive industry, will have an impact on growth.

In terms of development and industrialization, Asia Pacific is one of the most prosperous regions. Due to rising demand from countries such as China and India, the fuel additive sector is expected to be a significant driver for the market. Increased efforts by automakers such as Tata, Bajaj, Ashok Leyland, and others to build better automobiles would fuel demand.

To know how our report can help streamline your business, Speak to Analyst

Brazil, Mexico, Argentina, Columbia and Chile are the major growth countries for the market due to their robust manufacturing sector. Increasing mining activities in Brazil and other Latin American region is driving the demand for fuels further supporting the market growth.

Population growth and growing tourism due to the hosting of mega-events are key growth factors for the fuel industry. Increasing tourism and transportation is shall positively impact market growth. The UAE and Qatar are expected to lucrative countries for the fuel additive industry as they move on with initiatives to support tourism ahead of the Expo 2021 and FIFA World Cup 2022.

List of Key Companies in Fuel Additives Market

Key Companies to Adopt Strategies and Widen their Market Presence

The global market is consolidated in nature, having few key players governing major market share. BASF SE, Evonik Industries, Lubrizol Corporation, TotalEnergies, and Dow Inc. are some of the market's key players.

Key manufacturers mainly operate based on the product's pricing strategy. To gain a competitive edge and enhance their market share, several key players are engaged in several strategic partnerships to encourage brand and sales. For instance, in South Korea, BASF SA launched a new diesel additive, which is available through Coupang, an e-commerce company.



  • October 2023 – The Lubrizol Corporation announced a new distribution contract with a leading global distribution partner, IMCD Group, and formulator of ingredients and specialty chemicals as part of its obligation to serve the growing fuel additives and lubricant market in Bangladesh.

  • August 2022 – BASF, one of the leading producers of fuel additives, started production of fuel performance additives at its Pudong site in Shanghai, China. The new plant was constructed as a response to the growing regional demand for fuel performance additives and to bring better flexibility and supply security to clients in Asia.

  • December 2021 – BASF launched a new multipurpose diesel additive under the brand name KEROPUR-D in South Korea. It is a high performance multipurpose diesel additive that removes deposits from the engine and prevent formation of new deposits.

  • November 2021 – Evonik announced the setup of the new oil additive performance test lab in Asia Pacific. This new state-of-art house laboratory facility and testing services for additives and aims to serve customer in Asian region.

  • January 2021 - To boost the overall value to consumers and demonstrate their commitment to the ethanol yield business, BASF Enzymes LLC and Innospec Fuel Specialties LLC have entered into a distribution agreement. BASF will distribute DCI-11 Plus ClearTrak – a concentrated corrosion inhibitor – to ethanol producers in the U.S. as part of this agreement.


An Infographic Representation of Fuel Additives Market

To get information on various segments, share your queries with us

The global fuel additives market research report offers an in-depth analysis of the market and discusses on key aspects including major companies, and products. In addition, the report provides insights on market trends and evaluates key industry developments. In addition to this, the report encompasses various factors that have contributed to the market's growth in recent years.

This report includes historical data & forecasts revenue growth at global, regional, and country levels, and analyzes the industry's latest market dynamics and opportunities.

Report Scope & Segmentation



Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 5.9% from 2024 to 2032


Value (USD Billion) and Volume (Tons)


By Type

  • Deposit Control

  • Cetane Improvers

  • Lubricity improvers

  • Cold Flow improvers

  • Stability improvers

  • Octane Improvers

  • Corrosion inhibitors

By Application

  • Gasoline

  • Diesel

  • Aviation Fuel

By Region

  • North America (By Type, By Application, By Country)

    • U.S. (By Application)

    • Canada (By Application)

  • Europe (By Type, By Application, By Country)

    • Germany (By Application)

    • U.K. (By Application)

    • France (By Application)

    • Italy (By Application)

    • Rest of Europe (By Application)

  • Asia Pacific (By Type, By Application, By Country)

    • China (By Application)

    • Japan (By Application)

    • India (By Application)

    • ASEAN (By Application)

    • Rest of Asia Pacific (By Application)

  • Latin America (By Type, By Application, By Country)

    • Brazil (By Application)

    • Mexico (By Application)

    • Rest of Latin America (By Application)

  • Middle East & Africa (By Type, By Application, By Country)

    • GCC (By Application)

    • South Africa (By Application)

    • Rest of the Middle East & Africa (By Application)

Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 9.15 billion in 2023 and is projected to reach USD 15.30 billion by 2032.

In 2023, the North America market size stood at USD 3.07 billion.

Growing at a CAGR of 5.9%, the market will exhibit steady growth during the forecast period (2024-2032).

The gasoline segment is expected to be the leading segment in this market during the forecast period.

Stringent regulations imposed by Government regarding Carbon emissions.

BASF SA, Evonik, Lubrizol Corporation, TotalEnergies, and Dow Inc. are major players in the global market.

North America dominated the market in 2023.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
  • 2023
  • 2019-2022
  • 158

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.