Octane Improver Fuel Additives Market Size, Share & Trends Report

Octane Improver Fuel Additives Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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  • Report ID: GVR1258
  • Format: Electronic (PDF)
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Growing importance for fuel efficiency on account of stringent government norms and regulatory framework is expected to remain a key factor driving the global octane improver fuel additives market over the forecast period.  Increasing environmental concerns regarding carbon emissions from conventional fuels and subsequent regulatory policies by agencies such as U.S. EPA and NHTSA are expected to have a positive impact on the global market. Widely used octane improver fuel additives include ethanol, methyl tertiary-butyl ether (MTBE) and ethyl tertiary-butyl ether (ETBE). Ethanol’s characteristics such as octane improvement, reduction in air pollutants, and reduction in greenhouse gases are expected to drive its demand over the forecast period. The majority of fuel additives are consumed in diesel fuel. Increasing diesel fuel demand from public transportation is further projected to drive global octane improver fuel additives market.

North America was the major regional octane improver fuel additives market. A high level of awareness among consumers regarding the benefits of octane improvers and stringent regulatory framework is expected to drive the regional market growth over the forecast period. Asia Pacific is expected to witness significant demand for octane improver fuel additives on account increasing fuel consumption in China and India. These markets being major oil importers, rising fuel costs in the region are expected to further complement the regional market growth. The South American market is expected to experience considerable growth over the next six years due to high demand from Brazil and Argentina. Increasing ethanol production in Brazil and favorable regulations regarding ethanol’s usage as a fuel additive is expected to further augment the South American market over the next six years.

The global market is highly competitive in nature and is characterized by heavy R&D investments by major companies to develop new fuel additive products. A shift in trend towards using bio-based ethanol in biofuels is expected to provide market participants with opportunities in terms of application development. Major companies operating in the global octane improver fuel additives market include BASF SE, Infineum International Ltd., Chevron Oronite Company, Cummins Filtration, Chemtura Corporation, Abhitech Energycon Ltd., Innospec Inc., ADCO Global Inc., The Lubrizol Corporation and Alex Co. for Petroleum Additives.

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