Octane Improver Fuel Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Improver Type (Ethanol, Methyl Tertiary Butyl Ether (MTBE), Methylcyclopentadienyl Manganese Tricarbonyl (MMT), Ethyl Tertiary Butyl Ether (ETBE), Ferrocene, and Others), by Application (Gasoline, Racing Fuels, Aviation Fuel, and Others), and by Geography (Asia-Pacific, North America, Europe, South America, Middle-East, and Africa)

Market Snapshot

Octane Improver Fuel Additives Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %

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Market Overview

The market for octane improver fuel additives is expected to grow at a CAGR greater than 3% globally during the forecast period. Growing demand for ethanol-blended fuels along with increasing demand for high-performance fuels are driving the market. On the flip side, stringent environmental regulations coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the market growth.

  • The octane improver fuel additives market is expected to grow during the forecast period owing to the growing demand for ethanol-blended fuels.
  • Asia-Pacific region to dominate the market across the globe with the largest growth from countries such as China and India.

Scope of the Report

The Octane Improver Fuel Additives Market Report include:

Improver Type
Ethanol
Methyl Tertiary Butyl Ether (MTBE)
Methylcyclopentadienyl Manganese Tricarbonyl (MMT)
Ethyl Tertiary Butyl Ether (ETBE)
Ferrocene
Others
Application
Gasoline
Racing Fuels
Aviation Fuels
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand for Ethanol-Blended Fuels

  • Among all octane improver fuel additives, ethanol occupies a major share and is expected to grow rapidly during the forecast period.
  • Ethanol has an octane rating of about 108 and is added to fuel to increase the overall octane rating of the fuel. The use of ethanol-blended fuel reduces the emission of NOX, CO, and particulate matter. Due to the lower carbon to hydrogen ratio, the use of ethanol reduces carbon-dioxide emissions and increases fuel efficiency. The use of ethanol produced from bio-based instead of petroleum-based is expected to reduce pollution and drive the market during the forecast period.
  • It is found that there is a significant drop in the production of flexible fuel vehicles in 2019-20 in some parts of the United States which can run on E15, E40, and E85. However, there is a rise in demand for E15 vehicles and for the first time BMW models were approved for use of E15 and it is expecting to launch E25 by the end of 2020.
  • However, due to unprecedented conditions arisen due to the COVID-19 outbreak the consumption of oil & gas is down by at least 5 million barrels per day due to lockdown in various countries resulting in the complete shutdown of travel, tourism, and e-commerce are likely to affect the consumption in 2020 and is expected to reach to normal by early 2021.
  • The growing urbanization and increasing need for reducing greenhouse gas emissions are expected to drive the market for the octane improver fuel additives during the forecast period.
Octane Improver Fuel Additives Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for octane improver fuel additive during the forecast period due to an increase in demand from countries like China, and India
  • To reduce the pollution and particulate matter (PM 2.5) emissions, the Chinese government proposed guideline for the mandate adaptation of 10% ethanol-blended gasoline by the end of 2020 and by encouraging corn production, China is expecting to reach it’s ethanol demand through bio-based production thereby reducing the impact on the environment.
  • In early 2010, diesel was available at a discount price of about INR 25 to petrol, but now the difference is in single digits. As the price differential is reducing, the preference for petrol(gasoline)-based vehicles is expected to grow in the future.
  • The Indian diesel cars sales accounted for about 19% in FYI 2019 compared to more than 50% in the year 2012, and the mandate of BS-VI engine vehicles from April-2020 made it much more difficult. India’s largest automaker announced that it will discontinue the majority of its diesel car models production. While other manufacturers are expected to follow a strategic approach and will produce only high-end and heavy model diesel cars. The growing demand for petrol-based vehicles is expected to drive the market for gasoline octane improvers during the forecast period.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for octane improver fuel additives market in the Asia-Pacific during the forecast period.
Octane Improver Fuel Additives Market Regional Trends

Competitive Landscape

The global octane improver fuel additives market is partially fragmented with players accounting for a marginal share of the market. Few companies include Innospec, Dorf Ketal, Total, Afton Chemical, and LyondellBasell Industries Holdings B.V.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand For Ethanol-Blended Fuels

      2. 4.1.2 Increasing Demand for High-Performance Fuels

    2. 4.2 Restraints

      1. 4.2.1 Unfavourable Conditions Arising Due to the COVID-19 Outbreak

      2. 4.2.2 Stringent Environmental Regulations

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Improver Type

      1. 5.1.1 Ethanol

      2. 5.1.2 Methyl Tertiary Butyl Ether (MTBE)

      3. 5.1.3 Methylcyclopentadienyl Manganese Tricarbonyl (MMT)

      4. 5.1.4 Ethyl Tertiary Butyl Ether (ETBE)

      5. 5.1.5 Ferrocene

      6. 5.1.6 Others

    2. 5.2 Application

      1. 5.2.1 Gasoline

      2. 5.2.2 Racing Fuels

      3. 5.2.3 Aviation Fuels

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Afton Chemical

      2. 6.4.2 BITA Trading GmbH

      3. 6.4.3 Cestoil Chemical Inc.

      4. 6.4.4 Dorf Ketal

      5. 6.4.5 Energizer Auto

      6. 6.4.6 Innospec

      7. 6.4.7 KENNOL Performance Oil

      8. 6.4.8 LIQUI MOLY GmbH

      9. 6.4.9 LUBRITA Europe B.V

      10. 6.4.10 LyondellBasell Industries Holdings B.V.

      11. 6.4.11 Penrite Oil

      12. 6.4.12 Ravensberger Schmierstoffvertrieb GmbH

      13. 6.4.13 Rheochemie GmbH

      14. 6.4.14 Total

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand for Efficient Fuels to Alleviate Impact on Environment

**Subject to Availability

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Frequently Asked Questions

The Octane Improver Fuel Additives Market market is studied from 2016 - 2026.

The Octane Improver Fuel Additives Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Innospec, Dorf Ketal , Total, Afton Chemical, LyondellBasell Industries Holdings B.V. are the major companies operating in Octane Improver Fuel Additives Market.

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