Biofuel Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Biofuel Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global biofuel additives market size reached US$ 16.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
Biofuel additives refer to specialty chemicals that enhance the efficacy of biofuels, such as methanol, biodiesel, ethanol, and diethyl ether. They are widely used to improve engine performance and combustion quality and reduce brake-specific fuel consumption (BSFC) and heating. They are commonly available in emulsifiers, antioxidants, octane improvers, corrosion inhibitors, cetane improvers, dyes and markers, detergents, and dispersant variants. Biofuel additives are synthesized from the lignocellulosic feedstock or conventional feedstock and exhibit density, viscosity, and solubility. In comparison to traditional additives, biofuel additives have higher oxygen content, are cost-effective, non-toxic, and do not produce harmful chemicals. As a result, biofuel additives find extensive applications across aviation, automotive, marine, and electric power industries.
Biofuel Additives Market Trends:
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Globally, the increasing demand for biofuel additives can be attributed to their eco-friendly nature, such as providing enhanced energy conservation, improving air quality, and reducing the emission of greenhouse gasses (GHGs), which, in turn, is favoring the market growth. In addition to this, various technological advancements, such as the development of hydrodynamic cavitation techniques for the manufacturing of biodiesel with enhanced reaction rate and energy efficiency, are providing a considerable boost to the market growth. Apart from this, the rising demand for low-emission engines and the implementation of various government initiatives toward sustainable development are anticipated to drive the market toward growth. Other factors, such as the growing demand for biofuel additives across the aviation, energy, power, and marine sectors and the rising awareness regarding the adverse effects of fossil fuels, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biofuel additives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, biofuel type and application.
Breakup by Type:
Antioxidants
Corrosion Inhibitors
Cold Flow Improvers
Detergents and Dispersants
Octane and Cetane Improvers
Dyes and Markers
Others
Breakup by Biofuel Type:
Bioethanol
Biodiesel
Breakup by Application:
Diesel Fuel Additives
Heavy Fuel Oil Additives
Shipping Fuel Additives
Gasoline Fuel Additives
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Afton Chemical Corporation (NewMarket Corporation), BASF SE, Biofuel Systems Group Ltd., Chemiphase International Ltd., Chevron Corporation, Clariant AG, Eastman Chemical Company, Evonik Industries AG, E-ZOIL, Fuel Quality Services Inc., Infineum International Limited and The Lubrizol Corporation.
Key Questions Answered in This Report:
How has the global biofuel additives market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global biofuel additives market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the biofuel type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global biofuel additives market and who are the key players?
What is the degree of competition in the industry?
Table of Contents
135 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Biofuel Additives Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Type
- 6.1 Antioxidants
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Corrosion Inhibitors
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Cold Flow Improvers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Detergents and Dispersants
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Octane and Cetane Improvers
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Dyes and Markers
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 7 Market Breakup by Biofuel Type
- 7.1 Bioethanol
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Biodiesel
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Diesel Fuel Additives
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Heavy Fuel Oil Additives
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Shipping Fuel Additives
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Gasoline Fuel Additives
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Afton Chemical Corporation (NewMarket Corporation)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 BASF SE
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Biofuel Systems Group Ltd.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Chemiphase International Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Chevron Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Clariant AG
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Eastman Chemical Company
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Evonik Industries AG
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 E-ZOIL
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Fuel Quality Services Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Infineum International Limited
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 The Lubrizol Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 SWOT Analysis
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
