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Refinery Fuel Additives Market Size, Share Global Analysis Report, 2020–2026
Refinery Fuel Additives Market By Type (Antioxidants, Cold Flow Improvers, Conductivity Improver, Dehazer, Scavengers, Octane Improver, Cetane Number Improver, Lubricity Improver, and Others) and By Application (Gasoline production, Diesel production, Aviation fuel production, Middle distillates production, and Residual fuels production): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[155+ Pages Report] According to the report published by Facts Factors, the global refinery fuel additives market size was worth around USD 9,108 million in 2019 and is predicted to grow to around USD 14,330 million by 2026 with a compound annual growth rate (CAGR) of roughly 7.2% between 2020 and 2026. The report analyzes the global refinery fuel additives market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the refinery fuel additives market.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the refinery fuel additives industry. The report analyzes and declares the historical and current trends analysis of the refinery fuel additives industry and subsequently recommends the projected trends anticipated to be observed in the refinery fuel additives market during the upcoming years.
The refinery fuel additives market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire refinery fuel additives market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026
Key Insights from Primary Research
- As per our primary respondents, the global refinery fuel additives market is set to grow annually at a rate of around 7.2%
- It was established through primary research that the refinery fuel additives market was valued at around USD 9,110 Million in 2019
- Among region, North America holds the largest market share in global refinery fuel additives market.
- On basis of application segment, diesel segment dominated the global refinery fuel additives market in 2019.
- The global refinery fuel additives market is expected to reach around USD 14,330 Million by 2026.
Key Recommendations from Analysts
- As per our analysts, the global refinery fuel additives market is expected to grow significantly over the forecast period.
- The strategic and competitive advantage provided by the technological developments in oilfield services is anticipated to be the key factor driving this market globally.
- As per analysts, the growing production of vehicles is bolstering the sales of refinery fuel additives.
- Our team of analysts has identified, that based on various applications, the global refinery fuel additives market was led by diesel production.
- Among region, Asia Pacific is expected to be the fastest growing market for refinery fuel additives during the years to come.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the refinery fuel additives industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the refinery fuel additives industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the refinery fuel additives market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the refinery fuel additives industry. The refinery fuel additives market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the refinery fuel additives. Key strategic developments in the refinery fuel additives market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the refinery fuel additives market are appropriately highlighted in the report.
The refinery fuel additives processes and improves its properties in the processing activity of fuels. The rising worldwide oil and gas exploration activities are projected to be the key driver of market penetration growth. Growing urban development and economic growth are significant reasons for the high energy demand. Rising production of vehicles across the worldwide has raised the demand for fuels. Moreover, rising concerns regarding fuel emission has led the regulatory authorities to implement policies on the petroleum industry. Although having high demand, the high price of the such additive may curb the growth of the global refinery fuel additives market.
The refinery fuel additives market research report delivers an acute valuation and taxonomy of the refinery fuel additives industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 9,108 Million |
Projected Market Size in 2026 |
USD 14,330 Million |
CAGR Growth Rate |
7.2% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Lubrizol Corporation, Chevron Oronite, Afton Chemicals, ExxonMobil, LanXess, Innospec, Dorf Ketal, Total Power, STP, Gold Eagle, and Others |
Key Segment |
By Type, Application and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the refinery fuel additives industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the refinery fuel additives industry is provided for the leading economies of the world.
The global refinery fuel additives market has been segmented based on type and application. Based on type, the market is segmented into Cetane number improvers, antioxidants, anticorrosion, cold flow improvers, antiknock agents, scavengers, octane improver, deposit control, lubricity additives, and others. Based on application, the market is segmented into diesel, gasoline, aviation fuel production, and middle distillates production.
Some of the essential players operating in the refinery fuel additives market, but not restricted to include
- Lubrizol Corporation
- Chevron Oronite
- Afton Chemicals
- ExxonMobil
- LanXess
- Innospec
- Dorf Ketal
- Total Power
- STP
- Gold Eagle
- Lubrita
The taxonomy of the refinery fuel additives industry by its scope and segmentation is as follows:
By Type Segmentation Analysis
- Antioxidants
- Cold Flow Improvers
- Conductivity Improver
- Dehazer
- Scavengers
- Octane Improver
- Cetane Number Improver
- Lubricity Improver
- Others
By Application Segmentation Analysis
- Gasoline production
- Diesel production
- Aviation fuel production
- Middle distillates production
- Residual fuels production
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Lubrizol Corporation
- Chevron Oronite
- Afton Chemicals
- ExxonMobil
- LanXess
- Innospec
- Dorf Ketal
- Total Power
- STP
- Gold Eagle
- Lubrita
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