The diesel bottled (aftermarket) fuel additives market share is expected to increase by USD 157.96 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.89%.
This diesel bottled (aftermarket) fuel additives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers diesel bottled (aftermarket) fuel additives market segmentations by end-user (automotive, oil and gas, and others), geography (North America, Europe, APAC, South America, and MEA), and type (cetane improvers, cold flow improvers, corrosion inhibitors, anti-icing, and others). The diesel bottled (aftermarket) fuel additives market report also offers information on several market vendors, including Afton Group, BASF SE, Callington Haven Pty. Ltd., Chevron Corp., Cummins Inc., Evonik Industries AG, LIQUI MOLY GmbH, Lucas Oil Products Inc., The Lubrizol Corp., and TotalEnergies SE among others.
What will the Diesel Bottled (Aftermarket) Fuel Additives Market Size be During the Forecast Period?
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Diesel Bottled (Aftermarket) Fuel Additives Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising number of vehicles leading to high consumption of diesel bottled (aftermarket) fuel additives is notably driving the diesel bottled (aftermarket) fuel additives market growth, although factors such as growing popularity of battery-powered electric vehicles may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the diesel bottled (aftermarket) fuel additives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Diesel Bottled (Aftermarket) Fuel Additives Market Driver
One of the key factors driving the diesel bottled (aftermarket) fuel additives market growth is the rising number of vehicles leading to high consumption of diesel bottled (aftermarket) fuel additives. There are several important factors due to which the vehicles on the road are increasing. As the demand for passenger cars from the middle-class income group is increasing, new passenger car sales are experiencing substantial growth in the market. There has been an increase in demand for such vehicles from countries, such as India and China, where the penetration of passenger cars is less. In light commercial vehicles, the demand is driven by the growth of the e-commerce and construction industries. The e-commerce industry is witnessing demand for fast product delivery, which is increasing the demand for efficient commercial vehicles. A rise in the amount of freight transported and an increase in production activities in developing countries is expected to drive the sales of commercial vehicles during the forecast period.
Key Diesel Bottled (Aftermarket) Fuel Additives Market Trend
Growing fuel economy standards for passenger cars and light trucks is the major trend influencing the diesel bottled (aftermarket) fuel additives market growth. Fuel economy has become a crucial metric for regulators to push original equipment manufacturers towards the development of a sustainable future. Regulatory standards pertaining to fuel efficiency have led to a surge in electronic contents in modern vehicles that increased the efficiency of vehicles considerably. Developed regions are frontrunners in introducing these standards. The European commission marks new vehicles sold in Europe with various emissions labels displaying their mpg (miles per gallon) and gCO2/km (average carbon dioxide emissions) to help drivers choose a fuel-efficient vehicle. Diesel bottled (aftermarket) fuel additives are predominantly used to enhance the performance of the engine and fuel economy in the vehicle. Thus, the rising fuel economy standards are expected to support the growth of the global diesel bottled (aftermarket) fuel additives market during the forecast period.
Key Diesel Bottled (Aftermarket) Fuel Additives Market Challenge
Growing popularity of battery-powered electric vehicles is one of the key challenges hindering the diesel bottled (aftermarket) fuel additives market growth. The battery-electric vehicle (BEV) market is supported by governments globally to curb carbon emissions. The global battery electric vehicles market is flourishing owing to various benefits and perks provided by the governments, an increase in consumer awareness about curbing greenhouse gas emissions, stringent carbon emission norms to reduce average carbon dioxide emission followed by original equipment manufacturers, and a rise in collaboration among international and regional players. The growing demand for EV in countries such as Canada, China, the US, Germany, and the UK, is expected to pose a threat to fuel additives. The use of electric vehicles will hinder the adoption of fuel additives during the forecast period. Moreover, according to the US Department of Energy s EV30@30 Scenario, the number of electric cars will be 220 million by 2030. This will be a major challenge for fuel additives manufacturers globally.
This diesel bottled (aftermarket) fuel additives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global diesel bottled (aftermarket) fuel additives market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the diesel bottled (aftermarket) fuel additives market during the forecast period.
Who are the Major Diesel Bottled (Aftermarket) Fuel Additives Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Afton Group
- BASF SE
- Callington Haven Pty. Ltd.
- Chevron Corp.
- Cummins Inc.
- Evonik Industries AG
- LIQUI MOLY GmbH
- Lucas Oil Products Inc.
- The Lubrizol Corp.
- TotalEnergies SE
This statistical study of the diesel bottled (aftermarket) fuel additives market encompasses successful business strategies deployed by the key vendors. The diesel bottled (aftermarket) fuel additives market is fragmented and the vendors are deploying growth strategies such as increasing R&D investments to compete in the market.
Product Insights and News
- Afton Group - The company offers different types of fuel additives solutions for light-duty vehicle performance, heavy-duty vehicle performance, octane additives, and others.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The diesel bottled (aftermarket) fuel additives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Diesel Bottled (Aftermarket) Fuel Additives Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the diesel bottled (aftermarket) fuel additives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
Which are the Key Regions for Diesel Bottled (Aftermarket) Fuel Additives Market?
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30% of the market’s growth will originate from North America during the forecast period. US is the key market for diesel bottled (aftermarket) fuel additives in North America. Market growth in this region will be slower than the growth of the market in other regions.
Stringent regulations and policies pertaining to emissions are expected to foster the demand for diesel bottled (aftermarket) fuel additives as they increase the engine and fuel efficiency and lower the emissions of greenhouse gas emissions. This will facilitate the diesel bottled (aftermarket) fuel additives market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The US was the most severely hit economy worldwide by the COVID-19 pandemic. The temporary shutdown of automotive manufacturing facilities affected the production of vehicles and the demand for components. Also, the COVID-19 pandemic led to large fluctuations in the prices of all refined petroleum products in the first half of 2020. Decreased demand for fuel due to consumer choices, state-mandated stay-at-home orders, and international travel restrictions led to a decline in the demand for fuel and thereby negatively impacted the bottled (aftermarket) fuel additives market in 2020 in the region. However, in 2021, the reopening of various automobile manufacturing units and the aviation and railway sectors and the lifting of lockdown in the region will boost the growth of the market in focus in the region. Also, the increasing demand for fuel will boost the growth of the market in focus in the region during the forecast period.
What are the Revenue-generating End-user Segments in the Diesel Bottled (Aftermarket) Fuel Additives Market?
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The diesel bottled (aftermarket) fuel additives market share growth by the automotive will be significant during the forecast period. In the automotive segment, diesel bottles (aftermarket) fuel additives are generally used in transportation and cargo applications. The global demand for diesel bottled (aftermarket) fuel additives is expected to grow steadily owing to the growing adoption of vehicles and the increasing life of vehicles due to improvements in maintenance services.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the diesel bottled (aftermarket) fuel additives market size and actionable market insights on post COVID-19 impact on each segment.
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Diesel Bottled (Aftermarket) Fuel Additives Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.89% |
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Market growth 2021-2025 |
$ 157.96 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.07 |
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Regional analysis |
North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 30% |
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Key consumer countries |
US, China, Germany, Japan, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Afton Group, BASF SE, Callington Haven Pty. Ltd., Chevron Corp., Cummins Inc., Evonik Industries AG, LIQUI MOLY GmbH, Lucas Oil Products Inc., The Lubrizol Corp., and TotalEnergies SE |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Diesel Bottled (Aftermarket) Fuel Additives Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive diesel bottled (aftermarket) fuel additives market growth during the next five years
- Precise estimation of the diesel bottled (aftermarket) fuel additives market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the diesel bottled (aftermarket) fuel additives industry across North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of diesel bottled (aftermarket) fuel additives market vendors
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