Industry Overview
According to the HTF Market Report, the Petroleum Additives market is expected to see a growth of 7% and may reach a market size of 10Billion by 2031, currently valued at 5Billion.Petroleum additives are chemical compounds that recover the lubricant performance of base oil. The manufacturer of several different oils can utilize the same base stock for each preparation and can choose different additives for each definite application. The petroleum additive industry develops and supplies products that increase the quality of fuels that are used in aircrafts_ motor vehicles and marine vessels and in fixed installations such as refineries and power stations.
The chemical industry is a building block of the world's economy, driving innovation in sectors like pharmaceuticals and agriculture. It covers the production of base materials, including chemicals, polymers, and specialty compounds, integral to practically all products and processes. Companies in this sector are primary actors in supply chains, ensuring raw materials for manufacturing, construction, and consumer goods. With a focus on sustainability, the industry is increasingly investing in green chemistry and circular economy initiatives to reduce environmental impact. This industry will continue to grow with technological advancements, regulatory compliance, and market demand for more sustainable and innovative solutions; hence, it is energetic and a significant contributor in the business arena.
Petroleum Additives Market Size in (USD Billion) CAGR Growth Rate 7%
| Study Period | 2019-2031 |
| Market Size (2023): | 5Billion |
| Market Size (2031): | 10Billion |
| CAGR (2023 - 2031): | 7% |
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Key Player Analysis
The key players in the Petroleum Additives are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as NewMarket Corporation (United States), Baker Hughes Inc. (United States), BASF AG (Germany), Chemtura Corporation (United States), Chevron Oronite Company LLC (United States), ENI SpA (Italy), Ethyl Corporation (United States), ExxonMobil Chemical Company (United States), Infineum International Limited (United Kingdom), OM Group Inc. (United States), CITGO Petroleum Corporation (United States), Qatar Petroleum (Quatar), Repsol S.A. (Spain) are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in product formulation and the introduction of sustainable and eco-friendly products.Additionally, these industry leaders are actively acquiring smaller companies to broaden their regional presence and strengthen their market share. These acquisitions not only diversify product portfolios but also provide access to new technologies and markets, fostering growth within the Petroleum Additives through operational streamlining and cost reduction.
Moreover, there is a clear shift toward green investments, with companies allocating more resources to sustainable practices and the development of environmentally friendly products. This response to increasing consumer demand for sustainable solutions and stricter environmental regulations positions these companies as leaders in green chemistry, further driving market growth.
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach. We also include recent years' innovation and strategies followed by companies who are growing in the market:
- NewMarket Corporation (United States)
- Baker Hughes Inc. (United States)
- BASF AG (Germany)
- Chemtura Corporation (United States)
- Chevron Oronite Company LLC (United States)
- ENI SpA (Italy)
- Ethyl Corporation (United States)
- ExxonMobil Chemical Company (United States)
- Infineum International Limited (United Kingdom)
- OM Group Inc. (United States)
- CITGO Petroleum Corporation (United States)
- Qatar Petroleum (Quatar)
- Repsol S.A. (Spain)
Petroleum Additives Market Segmentation by Players
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Regional Insights
The chemical industry exhibits significant regional variation, driven by factors such as resource availability, regulatory environments, and economic conditions. In North America, the industry is maintained by abundant natural resources, particularly shale gas, which provides a competitive advantage in petrochemical production. The U.S. remains a key player, with ongoing investments in advanced manufacturing technologies and sustainable practices positioning the region as a leader in innovation.In Europe, stringent environmental regulations and a strong emphasis on sustainability are shaping the chemical industry. The European Green Deal is pushing companies toward greener production methods, fostering growth in bio-based chemicals and recycling initiatives. Despite these opportunities, the region faces challenges from high energy costs and regulatory pressures, which are driving companies to seek efficiencies and explore new markets.
Asia-Pacific is the fastest-growing region, fuelled by rapid industrialization, urbanization, and a growing middle class. China dominates the regional market, supported by substantial investments in infrastructure and innovation. India and Southeast Asia are also emerging as key players, with increasing demand for chemicals in agriculture, construction, and electronics sectors.
Overall, regional dynamics in the chemical industry are shaped by local market conditions, regulatory landscapes, and the global push for sustainability, leading to diverse growth opportunities across different markets.
This report also splits the market by region
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
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Market Segmentation
Segmentation by Type
- Antioxidants
- Detergents
- Dispersants
- Viscosity index improvers
Petroleum Additives Market Segmentation by Type
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Segmentation by Application
- Automotive
- Manufacturing
- Oil & gas
- Energy
- Chemicals
Petroleum Additives Market Segmentation by Application
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Regulatory Overview
The chemical industry is based on a regulatory framework that makes sure the industry does not harm the people, or the environment, or breach international standards. These regulations run from production to handling, storage, and disposal. The key legislations generally include the EU's REACH system and the US TSCA, which have also put stringent testing, reporting, and labeling requirements for chemical substances. Compliance with the above legislation requires that companies implement good safety management systems, conduct periodic audits, and monitor environmental performance continually. Apart from that, industry players also have to be abreast of changing legislation and newly emerging global standards on hazardous substances, waste management, and sustainability undertakings. Non-compliance can lead to substantial penalties, reputational damage, and operational discontinuations, which make adherence a key business issue.Petroleum Additives Market Dynamics
Market Growth Drivers:The Petroleum Additives Market is experiencing significant growth due to various factors.
- Wide Range Of Additives Have Been Developed To Meet The Need Of Industry
Influencing Trend:
The Petroleum Additives Market is growing rapidly due to various factors.
- Demand for enhanced fuel performance
Opportunities:
The Petroleum Additives has several opportunities, particularly in developing countries where industrialization is growing.
- Wide Range Of Additives Have Been Developed To Meet The Need Of Industry
Challenges:
The market for fluid power systems faces several obstacles despite its promising growth possibilities.
- Price Fluctuations
Report Infographics:
|
Report Features
|
Details
|
|
Base Year
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2023
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|
Based Year Market Size
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5Billion
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Historical Period
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2019
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CAGR (2023 to 2030)
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7%
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Forecast Period
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2031
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Forecasted Period Market Size (2030)
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10Billion
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Scope of the Report
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Antioxidants, Detergents, Dispersants, Viscosity index improvers, Automotive, Manufacturing, Oil & gas, Energy, Chemicals
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Regions Covered
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North America, Europe, Asia Pacific, Latin America, and MEA
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Companies Covered
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NewMarket Corporation (United States), Baker Hughes Inc. (United States), BASF AG (Germany), Chemtura Corporation (United States), Chevron Oronite Company LLC (United States), ENI SpA (Italy), Ethyl Corporation (United States), ExxonMobil Chemical Company (United States), Infineum International Limited (United Kingdom), OM Group Inc. (United States), CITGO Petroleum Corporation (United States), Qatar Petroleum (Quatar), Repsol S.A. (Spain)
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Customization Scope
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15% Free Customization (For EG)
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Delivery Format
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PDF and Excel through Email
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Report Coverage
The study on the Petroleum Additives market provides a thorough examination of the sector. Important company profiles, new product releases, significant mergers, acquisitions, and collaborations, as well as the incidence of osteoarthritis in important nations, are also highlighted in the research.
Petroleum Additives - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Petroleum Additives Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Petroleum Additives Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Petroleum Additives Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Wide Range of Additives have been Developed to Meet the Need of Industry
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3.2 Available Opportunities
- 3.2.1 Wide Range of Additives have been Developed to Meet the Need of Industry
-
3.3 Influencing Trends
- 3.3.1 Demand for enhanced fuel performance
- 3.3.2 Environmental regulations
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3.4 Challenges
- 3.4.1 Price fluctuations
- 3.4.2 Regulatory pressures
- 3.5 Regional Dynamics
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Chapter 4 : Global Petroleum Additives Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Petroleum Additives Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
Chapter 5: Petroleum Additives : Competition Benchmarking & Performance Evaluation
- 5.1 Global Petroleum Additives Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Petroleum Additives Revenue 2023
- 5.3 Global Petroleum Additives Sales Volume by Manufacturers (2023)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 5C’s Analysis
- 5.6 Ansoff Matrix
Chapter 6: Global Petroleum Additives Market: Company Profiles
- 6.1 NewMarket Corporation (United States)
- 6.1.1 NewMarket Corporation (United States) Company Overview
- 6.1.2 NewMarket Corporation (United States) Product/Service Portfolio & Specifications
- 6.1.3 NewMarket Corporation (United States) Key Financial Metrics
- 6.1.4 NewMarket Corporation (United States) SWOT Analysis
- 6.1.5 NewMarket Corporation (United States) Development Activities
- 6.2 Baker Hughes Inc. (United States)
- 6.3 BASF AG (Germany)
- 6.4 Chemtura Corporation (United States)
- 6.5 Chevron Oronite Company LLC (United States)
- 6.6 ENI SpA (Italy)
- 6.7 Ethyl Corporation (United States)
- 6.8 ExxonMobil Chemical Company (United States)
- 6.9 Infineum International Limited (United Kingdom)
- 6.10 OM Group Inc. (United States)
- 6.11 CITGO Petroleum Corporation (United States)
- 6.12 Qatar Petroleum (Quatar)
- 6.13 Repsol S.A. (Spain)
- 6.14 Royal Dutch Shell Plc (Netherlands)
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Chapter 7 : Global Petroleum Additives by Type & Application (2019-2031)
-
7.1 Global Petroleum Additives Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Antioxidants
- 7.1.2 Detergents
- 7.1.3 Dispersants
- 7.1.4 Viscosity Index Improvers
- 7.1.5 Corrosion Inhibitors
-
7.2 Global Petroleum Additives Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Automotive
- 7.2.2 Manufacturing
- 7.2.3 Oil & Gas
- 7.2.4 Energy
- 7.2.5 Chemicals
- 7.3 Global Petroleum Additives Market Revenue Analysis (USD Million) by Type (2023-2031)
- 7.4 Global Petroleum Additives Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Petroleum Additives Market Breakdown by Country, Type & Application
- 8.1 North America Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
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8.2 North America Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 8.2.1 Antioxidants
- 8.2.2 Detergents
- 8.2.3 Dispersants
- 8.2.4 Viscosity Index Improvers
- 8.2.5 Corrosion Inhibitors
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8.3 North America Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 8.3.1 Automotive
- 8.3.2 Manufacturing
- 8.3.3 Oil & Gas
- 8.3.4 Energy
- 8.3.5 Chemicals
- 8.4 North America Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 8.5 North America Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 8.6 North America Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
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Chapter 9 : LATAM Petroleum Additives Market Breakdown by Country, Type & Application
- 9.1 LATAM Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
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9.2 LATAM Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 9.2.1 Antioxidants
- 9.2.2 Detergents
- 9.2.3 Dispersants
- 9.2.4 Viscosity Index Improvers
- 9.2.5 Corrosion Inhibitors
-
9.3 LATAM Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 9.3.1 Automotive
- 9.3.2 Manufacturing
- 9.3.3 Oil & Gas
- 9.3.4 Energy
- 9.3.5 Chemicals
- 9.4 LATAM Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 9.5 LATAM Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 9.6 LATAM Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 10 : West Europe Petroleum Additives Market Breakdown by Country, Type & Application
- 10.1 West Europe Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 10.2.1 Antioxidants
- 10.2.2 Detergents
- 10.2.3 Dispersants
- 10.2.4 Viscosity Index Improvers
- 10.2.5 Corrosion Inhibitors
-
10.3 West Europe Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 10.3.1 Automotive
- 10.3.2 Manufacturing
- 10.3.3 Oil & Gas
- 10.3.4 Energy
- 10.3.5 Chemicals
- 10.4 West Europe Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 10.5 West Europe Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 10.6 West Europe Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 11 : Central & Eastern Europe Petroleum Additives Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
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11.2 Central & Eastern Europe Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 11.2.1 Antioxidants
- 11.2.2 Detergents
- 11.2.3 Dispersants
- 11.2.4 Viscosity Index Improvers
- 11.2.5 Corrosion Inhibitors
-
11.3 Central & Eastern Europe Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 11.3.1 Automotive
- 11.3.2 Manufacturing
- 11.3.3 Oil & Gas
- 11.3.4 Energy
- 11.3.5 Chemicals
- 11.4 Central & Eastern Europe Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 11.5 Central & Eastern Europe Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 11.6 Central & Eastern Europe Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 12 : Northern Europe Petroleum Additives Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 12.2.1 Antioxidants
- 12.2.2 Detergents
- 12.2.3 Dispersants
- 12.2.4 Viscosity Index Improvers
- 12.2.5 Corrosion Inhibitors
-
12.3 Northern Europe Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 12.3.1 Automotive
- 12.3.2 Manufacturing
- 12.3.3 Oil & Gas
- 12.3.4 Energy
- 12.3.5 Chemicals
- 12.4 Northern Europe Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 12.5 Northern Europe Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 12.6 Northern Europe Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 13 : Southern Europe Petroleum Additives Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 13.2.1 Antioxidants
- 13.2.2 Detergents
- 13.2.3 Dispersants
- 13.2.4 Viscosity Index Improvers
- 13.2.5 Corrosion Inhibitors
-
13.3 Southern Europe Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 13.3.1 Automotive
- 13.3.2 Manufacturing
- 13.3.3 Oil & Gas
- 13.3.4 Energy
- 13.3.5 Chemicals
- 13.4 Southern Europe Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 13.5 Southern Europe Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 13.6 Southern Europe Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 14 : East Asia Petroleum Additives Market Breakdown by Country, Type & Application
- 14.1 East Asia Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
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14.2 East Asia Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 14.2.1 Antioxidants
- 14.2.2 Detergents
- 14.2.3 Dispersants
- 14.2.4 Viscosity Index Improvers
- 14.2.5 Corrosion Inhibitors
-
14.3 East Asia Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 14.3.1 Automotive
- 14.3.2 Manufacturing
- 14.3.3 Oil & Gas
- 14.3.4 Energy
- 14.3.5 Chemicals
- 14.4 East Asia Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 14.5 East Asia Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 14.6 East Asia Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 15 : Southeast Asia Petroleum Additives Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 15.2.1 Antioxidants
- 15.2.2 Detergents
- 15.2.3 Dispersants
- 15.2.4 Viscosity Index Improvers
- 15.2.5 Corrosion Inhibitors
-
15.3 Southeast Asia Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 15.3.1 Automotive
- 15.3.2 Manufacturing
- 15.3.3 Oil & Gas
- 15.3.4 Energy
- 15.3.5 Chemicals
- 15.4 Southeast Asia Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 15.5 Southeast Asia Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 15.6 Southeast Asia Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 16 : South Asia Petroleum Additives Market Breakdown by Country, Type & Application
- 16.1 South Asia Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 16.2.1 Antioxidants
- 16.2.2 Detergents
- 16.2.3 Dispersants
- 16.2.4 Viscosity Index Improvers
- 16.2.5 Corrosion Inhibitors
-
16.3 South Asia Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 16.3.1 Automotive
- 16.3.2 Manufacturing
- 16.3.3 Oil & Gas
- 16.3.4 Energy
- 16.3.5 Chemicals
- 16.4 South Asia Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 16.5 South Asia Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 16.6 South Asia Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 17 : Central Asia Petroleum Additives Market Breakdown by Country, Type & Application
- 17.1 Central Asia Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 17.2.1 Antioxidants
- 17.2.2 Detergents
- 17.2.3 Dispersants
- 17.2.4 Viscosity Index Improvers
- 17.2.5 Corrosion Inhibitors
-
17.3 Central Asia Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 17.3.1 Automotive
- 17.3.2 Manufacturing
- 17.3.3 Oil & Gas
- 17.3.4 Energy
- 17.3.5 Chemicals
- 17.4 Central Asia Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 17.5 Central Asia Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 17.6 Central Asia Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 18 : Oceania Petroleum Additives Market Breakdown by Country, Type & Application
- 18.1 Oceania Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 18.2.1 Antioxidants
- 18.2.2 Detergents
- 18.2.3 Dispersants
- 18.2.4 Viscosity Index Improvers
- 18.2.5 Corrosion Inhibitors
-
18.3 Oceania Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 18.3.1 Automotive
- 18.3.2 Manufacturing
- 18.3.3 Oil & Gas
- 18.3.4 Energy
- 18.3.5 Chemicals
- 18.4 Oceania Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 18.5 Oceania Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 18.6 Oceania Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 19 : MEA Petroleum Additives Market Breakdown by Country, Type & Application
- 19.1 MEA Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 19.2.1 Antioxidants
- 19.2.2 Detergents
- 19.2.3 Dispersants
- 19.2.4 Viscosity Index Improvers
- 19.2.5 Corrosion Inhibitors
-
19.3 MEA Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 19.3.1 Automotive
- 19.3.2 Manufacturing
- 19.3.3 Oil & Gas
- 19.3.4 Energy
- 19.3.5 Chemicals
- 19.4 MEA Petroleum Additives Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 19.5 MEA Petroleum Additives Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 19.6 MEA Petroleum Additives Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global Petroleum Additives market size surpassed 5Billion in 2023 and will expand at a CAGR of 7% between 2023 and 2031.
The Petroleum Additives Market is predicted to grow at a CAGR of 7%.
Demand For Enhanced Fuel Performance, Environmental Regulations are seen to make big Impact on Petroleum Additives Market Growth.
The leaders in the Global Petroleum Additives Market such as NewMarket Corporation (United States), Baker Hughes Inc. (United States), BASF AG (Germany), Chemtura Corporation (United States), Chevron Oronite Company LLC (United States), ENI SpA (Italy), Ethyl Corporation (United States), ExxonMobil Chemical Company (United States), Infineum International Limited (United Kingdom), OM Group Inc. (United States), CITGO Petroleum Corporation (United States), Qatar Petroleum (Quatar), Repsol S.A. (Spain), Royal Dutch Shell Plc (Netherlands) are targeting innovative and differentiated growth drivers some of them are Wide Range Of Additives Have Been Developed To Meet The Need Of Industry
Some of the major challanges seen in Global Petroleum Additives Market are Price Fluctuations, Regulatory Pressures.
Some of the opportunities that Analyst at HTF MI have identified in Petroleum Additives Market are:
- Wide Range Of Additives Have Been Developed To Meet The Need Of Industry
New entrants, including competitors from unrelated industries along with players such as NewMarket Corporation (United States), Baker Hughes Inc. (United States), BASF AG (Germany), Chemtura Corporation (United States), Chevron Oronite Company LLC (United States), ENI SpA (Italy), Ethyl Corporation (United States), ExxonMobil Chemical Company (United States), Infineum International Limited (United Kingdom), OM Group Inc. (United States), CITGO Petroleum Corporation (United States), Qatar Petroleum (Quatar), Repsol S.A. (Spain), Royal Dutch Shell Plc (Netherlands) Instituting a robust process in Global Petroleum Additives Market.
Research paper of Global Petroleum Additives Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Automotive, Manufacturing, Oil & gas, Energy, Chemicals.
The Global Petroleum Additives Market Study is segmented by Antioxidants, Detergents, Dispersants, Viscosity index improvers, Corrosion inhibitors.
The Global Petroleum Additives Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - Base year: 2023. Forecast period**: 2025 to 2031 [** unless otherwise stated]
Petroleum additives are chemical compounds that recover the lubricant performance of base oil. The manufacturer of several different oils can utilize the same base stock for each preparation and can choose different additives for each definite application. The petroleum additive industry develops and supplies products that increase the quality of fuels that are used in aircrafts_ motor vehicles and marine vessels and in fixed installations such as refineries and power stations.
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