Automotive Aftermarket Fuel Additives Market - Global Industry Analysis

Automotive Aftermarket Fuel Additives Market

Automotive Aftermarket Fuel Additives Market Size, Share and Value 2032

Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-600 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 1.96 Billion USD 3.82 Billion 7.68% 2023

Automotive Aftermarket Fuel Additives Market

Table Of Content

Methodology

Free Analysis

The automotive aftermarket fuel additives are the finest solutions to minimize and overcome issues related to maintenance and fuel of automobiles. These additives are used to enhance gasoline and diesel fuel performance of vehicles. The automotive aftermarket fuel additives minimize the maintenance charges related to engine performance, poor drivability, lost fuel economy, excessive emissions, etc. Generally, the automotive aftermarket fuel additives are utilized in the fuel system of vehicles. The aftermarket fuel additives include various lubricants, such as power steering fluid, transmission fluid, gear oil, and engine oil. The task of these additives is to clean machinery to improve their performance and efficiency.

The global automotive aftermarket fuel additives market likely to be fuelled by the rapid production of automobiles, owing to the rise in per capita income of the people in developing countries over the estimated timeframe. The aftermarket fuel additives are mainly used to improve the performance of vehicles by minimizing maintenance costs. Additives are also utilized to prevent or limit the build-up of deposits in the engine, which, in turn, extends the shelf life of automobiles, thereby allowing the vehicle owners delay the vehicle maintenance. This is another factor anticipated to contribute toward the growth of the automotive aftermarket fuel additives market in the future. The increase in the acceptance of biofuels is also expected to positively impact the automotive aftermarket fuel additives market in the years ahead. The enforcement of strict regulations for sustainability and the need to reduce carbon emissions and air pollution are likely to offer lucrative growth avenues for the automotive aftermarket fuel additives market in the future. However, the high initial investment costs might hinder the automotive aftermarket fuel additives market growth globally.

Global Automotive Aftermarket Fuel Additives Market

Based on the type, the global automotive aftermarket fuel additives market is segmented into multifunctional gasoline and diesel additives, diesel performance additives, gasoline performance additives, and specialties for gasoline, cold flow improvers, and others. On the basis of application, this global market is categorized into gasoline and diesel. On the basis of the distribution channel, the market for automotive aftermarket fuel additives is categorized into automotive workshops, 4s stores, unauthorized spare parts and service centers, big stores, e-commerce, gas stations, and others.

By region, North America held a significant revenue share of the global automotive aftermarket fuel additives market and is expected to dominate in the upcoming years as well. This can be attributed to the strict rules and regulations to protect the environment and reduce GHG emissions. Moreover, the increasing acceptance of biofuels coupled with higher additive rates throughout the region is anticipated to further boost this regional market in the upcoming years. Europe is expected to provide significant growth opportunities in the global automotive aftermarket fuel additives market in the future, owing to the increasing demand for ultra-low sulfur diesel (ULSD) for light and heavy commercial vehicles. 

Some key players operating in the global automotive aftermarket fuel additives market include Chevron Corporation, Ashland Inc., Evonik Industries AG, BASF SE, BG Products, Inc., Infineum International Ltd., Afton Chemical Corporation, Lubrizol Corporation., Innospec Specialty Chemicals, Total S.A., and Lucas Oil Products Inc.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed