North America Specialty Fuel Additives Market Size & Outlook
North America specialty fuel additives market, 2018-2030 (US$M)
Related Markets
North America specialty fuel additives market highlights
- The North America specialty fuel additives market generated a revenue of USD 2,892.6 million in 2023.
- The market is expected to grow at a CAGR of 8.6% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,892.6 million |
| Market revenue in 2030 | USD 5,168.6 million |
| Growth rate | 8.6% (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 |
| Key market players worldwide | NewMarket 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, North America region accounted for 27.7% of the global specialty fuel additives market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,581.9 million by 2030.
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Specialty Fuel Additives Market Scope
Specialty Fuel Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 35.32% in 2023. Horizon Databook has segmented the North America 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.
- North America Specialty Fuel Additives Product Outlook (Revenue, USD Million, 2018-2030)
- Deposit Control
- Cetane Improvers
- Antioxidants
- Lubricity Improvers
- Cold flow Improvers
- Corrosion Inhibitors
- Other
- North America 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 continent-level data and insights on the North America specialty fuel additives market , including forecasts for subscribers. This continent databook contains high-level insights into North America specialty fuel additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America specialty fuel additives market size, by country, 2018-2030 (US$M)
North America Specialty Fuel Additives Market Outlook Share, 2023 & 2030 (US$M)
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