Automotive Aftermarket Fuel Additives Market Size, Share, Trends, Growth 2032

Automotive Aftermarket Fuel Additives Market

Automotive Aftermarket Fuel Additives Market by Type (Multifunctional Gasoline & Diesel Additives, Diesel Performance Additives, Gasoline Performance Additives, Specialties for Gasoline, Cold Flow Improvers, and Others), by Application (Gasoline and Diesel), and by Distribution Channel (Automotive Workshops, 4S Stores, Unauthorized Spare Parts and Service Centers, Big Stores, E-Commerce, Gas Stations, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032

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

Global Automotive Aftermarket Fuel Additives Market: Overview

The global automotive aftermarket fuel additives market size was evaluated at $1.96 billion in 2023 and is slated to hit $3.82 billion by the end of 2032 with a CAGR of nearly 7.68% between 2024 and 2032.

automotive aftermarket fuel additives Market SizeRequest Free Sample

The study includes drivers and restraints for the automotive aftermarket fuel additives market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automotive aftermarket fuel additives market on a global level.

In order to give the users of this report a comprehensive view of the automotive aftermarket fuel additives market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Automotive Aftermarket Fuel Additives Market: Growth Factors

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 MarketRequest Free Sample

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the price trend analysis and product portfolio of various companies according to regions.

Automotive Aftermarket Fuel Additives Market: Segmentation

The study provides a decisive view of the automotive aftermarket fuel additives market by segmenting the market based on type, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

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.

Automotive Aftermarket Fuel Additives Market : Report Scope

Report Attributes Report Details
Report Name Automotive Aftermarket Fuel Additives Market Research Report
Market Size in 2023 USD 1.96 Billion
Market Forecast in 2032 USD 3.82 Billion
Growth Rate CAGR of 7.68%
Number of Pages 215
Key Companies Covered 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.
Segments Covered By Type, By Distribution Channel, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 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.

Automotive Aftermarket Fuel Additives Market: Competitive Space

The global automotive aftermarket fuel additives market profiles key players such as:

  • 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.
  • Lucas Oil Products Inc

This report segments the global automotive aftermarket fuel additives market into:

Global Automotive Aftermarket Fuel Additives Market: Type Analysis

  • Multifunctional Gasoline and Diesel Additives
  • Diesel Performance Additives
  • Gasoline Performance Additives
  • Specialties for Gasoline
  • Cold Flow Improvers
  • Others

Global Automotive Aftermarket Fuel Additives Market: Application Analysis

  • Gasoline 
  • Diesel

Global Automotive Aftermarket Fuel Additives Market: Distribution Channel Analysis

  • Automotive Workshops
  • 4S Stores
  • Unauthorized Spare Parts and Service Centers
  • Big Stores
  • E-Commerce
  • Gas Stations
  • Others

Global Automotive Aftermarket Fuel Additives Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The purpose of these additives is to eliminate and purge deposits from the combustion chambers, intake valves, and fuel injectors. They facilitate fuel atomization, aid in the maintenance of optimal fuel discharge patterns, and prevent the accumulation of carbon deposits, which can have a detrimental effect on engine performance.

Increased emissions regulations could potentially stimulate the need for fuel additives that aid in enhancing combustion efficiency and mitigating emissions. The global emphasis on environmental sustainability by governments is expected to drive the automotive industry, including aftermarket products, to embrace cleaner technologies.

The global automotive aftermarket fuel additives market size was evaluated at $1.96 billion in 2023 and is slated to hit $3.82 billion by the end of 2032.

The global automotive aftermarket fuel additives market with a CAGR of nearly 7.68% between 2024 and 2032.

The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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