India Specialty Fuel Additives Market Size & Outlook

The specialty fuel additives market in India is expected to reach a projected revenue of US$ 1,605.5 million by 2030. A compound annual growth rate of 11.4% is expected of India specialty fuel additives market from 2024 to 2030.
Revenue, 2023 (US$M)
$753.4
Forecast, 2030 (US$M)
$1,605.5
CAGR, 2024 - 2030
11.4%
Report Coverage
India

India specialty fuel additives market highlights

  • The India specialty fuel additives market generated a revenue of USD 753.4 million in 2023 and is expected to reach USD 1,605.5 million by 2030.
  • The India market is expected to grow at a CAGR of 11.4% from 2024 to 2030.
  • In terms of segment, deposit control was the largest revenue generating product in 2023.
  • Cold flow Improvers is the most lucrative product segment registering the fastest growth during the forecast period.

Specialty fuel additives market data book summary

Market revenue in 2023USD 753.4 million
Market revenue in 2030USD 1,605.5 million
Growth rate11.4% (CAGR from 2023 to 2030)
Largest segmentDeposit control
Fastest growing segmentCold flow Improvers
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDeposit Control, Cetane Improvers, Antioxidants, Lubricity Improvers, Cold flow Improvers, Corrosion Inhibitors, Other
Key market players worldwideNewMarket Corp, Basf SE, Albemarle Corp, Baker Hughes Co Class A, Lanxess AG, Dow Inc, Chevron Corp, The Lubrizol Corp, TotalEnergies SE, Clariant AG, Ecolab Inc, Evonik Industries AG

Other key industry trends

  • In terms of revenue, India accounted for 7.2% of the global specialty fuel additives market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China specialty fuel additives market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,099.9 million by 2030.

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Specialty Fuel Additives Market Companies

Name Profile # Employees HQ Website

India 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 38% in 2023. Horizon Databook has segmented the India 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.


  • India Specialty Fuel Additives Product Outlook (Revenue, USD Million, 2018-2030)
    • Deposit Control
    • Cetane Improvers
    • Antioxidants
    • Lubricity Improvers
    • Cold flow Improvers
    • Corrosion Inhibitors
    • Other
  • India 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 country-level data and insights on the India specialty fuel additives market , including forecasts for subscribers. This country databook contains high-level insights into India specialty fuel additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India specialty fuel additives market size, by product, 2018-2030 (US$M)

India Specialty Fuel Additives Market Outlook Share, 2023 & 2030 (US$M)

India specialty fuel additives market size, by product, 2018-2030 (US$M)

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