Automotive Aftermarket Fuel Additives Market, By Product Type, By Fuel Type, By Vehicle Type, By Distribution Channel, By End User, By Geography

Description

The Global Automotive Aftermarket Fuel Additives Market is estimated to be valued at US$ 1.97 billion in 2023 and is expected to reach US$ 3.44 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 1.97 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	8.30%	2030 Value Projection:	US$ 3.44 Bn

Figure 1. Global Automotive Aftermarket Fuel Additives Market Share (%),
by Region, 2022

Automotive Aftermarket Fuel Additives Market - IMG1

Automotive aftermarket fuel additives are formulated chemicals used to enhance vehicle performance and efficiency. These additives address issues like fuel deposits, combustion inefficiency, and environmental concerns. With origins rooted in the need for improved fuel quality, reduced emissions, and optimized engine performance, aftermarket fuel additives have gained popularity among vehicle owners and enthusiasts. Through extensive research and technological advancements, these additives provide a cost-effective solution for enhancing fuel economy, protecting engines, and meeting regulatory requirements. Continuous innovation ensures a diverse range of formulations to cater to the evolving demands of the automotive industry.

Market Dynamics:

The global automotive aftermarket fuel additives market is growing at a steady pace driven by multiple factors. Stringent emission control norms implemented by regulatory bodies worldwide to curb air pollution have catalyzed the demand for fuel additives. Additives help improve fuel efficiency and reduce emissions by controlling deposits, corrosion, and moisture in fuel systems. However, the availability of low-cost substandard additives poses a threat to reputed brands. Lack of awareness regarding the benefits of using genuine additives also hinders the industry's growth potential. On the bright side, rising vehicle ownership, expanding aftermarket services, and the need for engine protection represent key opportunities. Original equipment manufacturers are focusing on collaborative initiatives with additive producers to supply high-performance fuels and engine oils that enhance vehicle performance. Overall, rapid modernization of automotive technology and evolving emission standards are expected to drive the demand for advanced additives.

Key features of the study:

This report provides an in-depth analysis of the global aftermarket fuel additives market, and provides market size (US$ billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global aftermarket fuel additives market based on the following parameters - company highlights, product portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study Chevron Corporation, BASF SE, Afton Chemical Corporation, Infineum International Limited, The Lubrizol Corporation, TotalEnergies Additives & Special Fuels, Innospec Inc., Clariant AG, Cerion Energy, BG Products, Inc., Lucas Oil Products, Inc., Red Line Synthetic Oil Corporation, Liqui Moly GmbH, Royal Purple, LLC, and STP Products Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global aftermarket fuel additives market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aftermarket fuel additives market

Automotive Aftermarket Fuel Additives Market Detailed Segmentation:

By Product Type:
- Octane Improvers
- Cetane Improvers
- Fuel System Cleaners
- Fuel Stabilizers
- Anti-gelling Additives
- Corrosion Inhibitors
- Others
By Fuel Type:
- Gasoline
- Diesel
- Biofuels
- Others
By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Motorcycles
- Others
By Distribution Channel:
- Online Retail
- Offline Retail (Auto Parts Stores, Automotive Service Centers)
- Fuel Stations
By End User:
- Individual Vehicle Owners
- Fleet Owners/Operators
- Automotive Service Providers
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Company Profiles:
- Chevron Corporation
- BASF SE
- Afton Chemical Corporation
- Infineum International Limited
- The Lubrizol Corporation
- TotalEnergies Additives & Special Fuels
- Innospec Inc.
- Clariant AG
- Cerion Energy
- BG Products, Inc.
- Lucas Oil Products, Inc.
- Red Line Synthetic Oil Corporation
- Liqui Moly GmbH
- Royal Purple, LLC
- STP Products Company

Product Code: CMI5907

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Automotive Aftermarket Fuel Additives Market, By Product Type
- Automotive Aftermarket Fuel Additives Market, By Fuel Type
- Automotive Aftermarket Fuel Additives Market, By Vehicle Type
- Automotive Aftermarket Fuel Additives Market, By Distribution Channel
- Automotive Aftermarket Fuel Additives Market, By End User
- Automotive Aftermarket Fuel Additives Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Stringent emission regulations
Desire for vehicle longevity and reduced maintenance cost
- Restraints
Market fragmentation among numerous players offering diverse products
Lack of awareness and education among vehicle owners
- Opportunities
Developing innovative formulations
Expansion into Emerging Markets
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Automotive Aftermarket Fuel Additives Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Automotive Aftermarket Fuel Additives Market, By Product Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Octane Improvers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Cetane Improvers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Fuel System Cleaners
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Fuel Stabilizers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Anti-gelling Additives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Corrosion Inhibitors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)

6. Automotive Aftermarket Fuel Additives Market, By Fuel Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Gasoline
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Diesel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Biofuels
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)

7. Automotive Aftermarket Fuel Additives Market, By Vehicle Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Passenger Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Light Commercial Vehicles (LCVs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Heavy Commercial Vehicles (HCVs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Motorcycles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)

8. Automotive Aftermarket Fuel Additives Market, By Distribution Channel, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Online Retail
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Offline Retail (Auto Parts Stores, Automotive Service Centers)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Fuel Stations
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)

9. Automotive Aftermarket Fuel Additives Market, By End User, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Individual Vehicle Owners
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Fleet Owners/Operators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Automotive Service Providers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)

10. Automotive Aftermarket Fuel Additives Market, By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)

11. Competitive Landscape

Chevron Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BASF SE
Afton Chemical Corporation
Infineum International Limited
The Lubrizol Corporation
TotalEnergies Additives & Special Fuels
Innospec Inc.
Clariant AG
Cerion Energy
BG Products, Inc.
Lucas Oil Products, Inc.
Red Line Synthetic Oil Corporation
Liqui Moly GmbH
Royal Purple, LLC
STP Products Company
Analyst Views

12. Section

Research Methodology
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