Global Specialty Fuel Additives Market Size & Outlook
Global specialty fuel additives market, 2018-2030 (US$M)
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Global specialty fuel additives market highlights
- The global specialty fuel additives market generated a revenue of USD 10,451.8 million in 2023 and is expected to reach USD 19,700.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.5% by 2030.
- In terms of segment, deposit control accounted for a revenue of USD 3,846.7 million in 2023.
- Cold flow Improvers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 10,451.8 million |
| Market revenue in 2030 | USD 19,700.3 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Deposit control |
| Fastest growing segment | Cold flow Improvers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deposit Control, Cetane Improvers, Antioxidants, Lubricity Improvers, Cold flow Improvers, Corrosion Inhibitors, Other |
Other key industry trends
- In terms of revenue, the North America accounted for 27.7% of the global specialty fuel additives market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 746.1 million by 2030.
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Specialty Fuel Additives Market Scope
Specialty Fuel Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global specialty fuel additives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to specialty fuel additives market will help companies and investors design strategic landscapes.
Deposit control was the largest segment with a revenue share of 36.8% in 2023. Horizon Databook has segmented the Global specialty fuel additives market based on deposit control, cetane improvers, antioxidants, lubricity improvers, cold flow improvers, corrosion inhibitors, other covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Specialty Fuel Additives Product Outlook (Revenue, USD Million, 2018-2030)
- Deposit Control
- Cetane Improvers
- Antioxidants
- Lubricity Improvers
- Cold flow Improvers
- Corrosion Inhibitors
- Other
- Global Specialty Fuel Additives Application Outlook (Revenue, USD Million, 2018-2030)
- Gasoline
- Diesel
- Aviation turbine fuel
- Other
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Horizon Databook provides a detailed overview of global-level data and insights on the Global specialty fuel additives market , including forecasts for subscribers. This global databook contains high-level insights into Global specialty fuel additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global specialty fuel additives market size, by regions, 2018-2030 (US$M)
Top 10 countries: Specialty fuel additives market size, 2023 (US$M)
Global specialty fuel additives market share, by product, 2023 & 2030 (%, US$M)
Specialty fuel additives market: Opportunity assessment by country
Global specialty fuel additives market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,091.9 | 2,225.2 | 2,369.0 | 2,530.7 | 2,705.7 | 2,892.6 | 3,124.0 | 3,389.2 | 3,681.7 | 4,004.8 | 4,361.9 | 4,753.3 | 5,168.6 | 8.7% |
| Europe | 1,861.0 | 1,971.5 | 2,090.3 | 2,216.3 | 2,351.9 | 2,495.5 | 2,675.1 | 2,900.1 | 3,157.6 | 3,452.8 | 3,791.7 | 4,181.7 | 4,631.2 | 9.2% |
| Asia Pacific | 2,060.8 | 2,227.2 | 2,408.9 | 2,604.2 | 2,817.4 | 3,047.7 | 3,330.5 | 3,689.4 | 4,103.3 | 4,581.8 | 5,136.3 | 5,800.9 | 6,581.9 | 11.6% |
| Latin America | 508.2 | 540.7 | 575.7 | 612.7 | 652.7 | 695.2 | 748.1 | 807.7 | 875.8 | 953.7 | 1,042.9 | 1,145.2 | 1,262.9 | 8.9% |
| MEA | 937.1 | 1,002.5 | 1,073.6 | 1,149.7 | 1,232.3 | 1,320.7 | 1,430.2 | 1,507.2 | 1,593.7 | 1,690.6 | 1,799.1 | 1,920.3 | 2,055.7 | 6.5% |
| Overall | 7,459.1 | 7,967.1 | 8,517.5 | 9,113.5 | 9,760.0 | 10,451.8 | 11,307.8 | 12,293.7 | 13,412.2 | 14,683.7 | 16,131.9 | 17,801.4 | 19,700.3 | 9.5% |
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