Fuel Deposit Control Agents Market Size: Industry Analysis and Forecast 2022 – 2030

 

In a recent research report by Market Research Community, the Fuel Deposit Control Agents market is expected to surpass USD 4,919.10 Million by the year 2030, from USD 3,133.89 Million in 2021.

The Fuel Deposit Control Agents Market are those which are added to the fuels either at the refinery stage or in the fuel distribution system. The petroleum-based fuel has been used since a long time to power industrial machineries, airplanes, automotive vehicles, and marine vehicles. The fuel control deposit agents that are added to the at refinery itself include octane and cetane enhancing additives, cold flow improvers, stability improvers, metal deactivators, and so on. The fuel additives are added to the fuels mainly to enhance the quality of fuels in order to improve the engine performance. They play a crucial role in preventing the building up of sludge and several other types of deposits such as gums and sediments in the fuels.

By function, combustion additives accounted for a market share of 16.88% with a revenue of USD 158.16 million during the year 2021 of the Global Fuel Deposit Control Agents Market. This segment is also expected to grow at a CAGR of 4.9% during the forecast period. Combustion additives are majorly used in the marine fuels and enhances the efficiency of the large marine engines. Moreover, it also improves the life of the engine and reduces its maintenance cost. Furthermore, the organo-metallic compounds found in the combustion additives lowers the deposition of soot in the engines and thus, helps in eliminating exhaust fire incidents, improves the fuel economy, and others which in turn has propel its demand in the market in terms of value sales.

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The study is consolidated into major segments and further into sub-segments, such as by product type (amides, amines and di-amines, organo-metallic compounds, sulphonates and alcohols, azo-compounds, polysiloxane based compounds, carrier oils, EVA, and others), by function (metal deactivators, corrosion inhibitors, antiknocking, antioxidants, cetane improvers, cold flow & lubricity improvers, stability and conductivity improvers, combustion additives, and others), and by end use (diesel, gasoline, aviation fuel, and others) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.            

By Product Type

·         Amides

·         amines and di-amines

·         organo-metallic compounds

·         sulphonates and alcohols

·         azo-compounds

·         polysiloxane based compounds

·         carrier oils

·         EVA

·         Others

By Function

·         metal deactivators

·         corrosion inhibitors

·         antiknocking

·         antioxidants

·         cetane improvers

·         cold flow & lubricity improvers

·         stability and conductivity improvers

·         combustion additives

·         others

By End Use

·         Diesel

·         Gasoline

·         aviation fuel

·         others

By Region, Asia-Pacific accounted for the largest market share in the year 2021 and is also expected to be the fastest growing region in the fuel deposit control agent market during the forecast period. The proliferation of automobile industry, aviation industry has driven the growth of fuel additives such as deposit control additives in the market. Moreover, the high economic growth in the emerging countries such as India, China and others in this region is contributing to the increasing demand for fuel which in turn has also driven the demand for fuel deposit control agent in the market. Additionally, the enormous growth of the industrial production increased trade along with the rising number of vehicles on the road are the key factor contributing to the growth of the fuel deposit control agent market.

By Region

·         Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)

·         Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)

·         North America– (U.S., Canada, Mexico)

·         Latin America- (Brazil, Argentina, Chile, Rest of Latin America)

·         Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

Lastly, the Fuel Deposit Control Agents Market Report includes a regional analysis and country analysis with the latest trends, along with the major key players including BASF SE, TotalEnergies, Huntsman International LLC., NewMarket Corporation, Evonik Industries AG, Archer Daniels Midland Company (ADM), Valero Energy Corporation, Lubrizol Corporation, Chevron Oronite, and Fuel Performance Solutions.

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