Global Fuel Additives Sales Market Report 2023

Market Analysis and Insights: Global Fuel Additives Market

Fuel Additives is used in heavy fuel oil to control high temperature corrosion and ash fouling of gas turbine hot section components.

Due to the COVID-19 pandemic, the global Fuel Additives market size is estimated to be worth US$ 404.8 million in 2022 and is forecast to a readjusted size of US$ 261.1 million by 2029 with a CAGR of -6.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Magnesium Sulfonate accounting for % of the Fuel Additives global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Electric Power segment is altered to an % CAGR throughout this forecast period.

Global Fuel Additives main players are Afton Chemical, BASF,Lubrizol, Chevron Oronite, Infenium, etc. Global top five manufacturers hold a share over 25%. Europe is the largest market, with a share nearly 30%.

Global Fuel Additives Scope and Market Size

The global Fuel Additives market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Fuel Additives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Magnesium Sulfonate

Magnesium Carboxylate

Magnesium Hydroxide

Others


Segment by Application


Electric Power

Vessel Bunkering

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Lanxess

Baker(GE)

Dorf Ketal

Systems Separation

Turbotect

Innospec

Pentol

Martin Marietta

Van Mannekus

Magna Group

Turbine-Power-Cleaner

Conntect

Osian Marine Chemicals

Frequently Asked Questions