Marine fuel additives are chemical treatment solutions added to a marine vessel’s existing fuel in order to improve its quality, efficiency, and performance. They also result in petroleum conservation and reduction in emission.
This report contains market size and forecasts of Marine Fuel Additives in global, including the following market information:
Global Marine Fuel Additives Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Marine Fuel Additives Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Marine Fuel Additives companies in 2021 (%)
The global Marine Fuel Additives market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Magnesium Sulfonate Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Marine Fuel Additives include Evonik Industries, BASF SE, Chevron Oronite Company LLC, Biobor Fuels Additives, Afton Chemical Corporation, Chemtura Corporation, Baker Hughes(GE), Innospec and Lubrizol Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Marine Fuel Additives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Marine Fuel Additives Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Marine Fuel Additives Market Segment Percentages, by Type, 2021 (%)
Magnesium Sulfonate
Magnesium Carboxylate
Magnesium Hydroxide
Others
Global Marine Fuel Additives Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Marine Fuel Additives Market Segment Percentages, by Application, 2021 (%)
Diesel
Gasoline
Others
Global Marine Fuel Additives Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Marine Fuel Additives Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Marine Fuel Additives revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Marine Fuel Additives revenues share in global market, 2021 (%)
Key companies Marine Fuel Additives sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Marine Fuel Additives sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Evonik Industries
BASF SE
Chevron Oronite Company LLC
Biobor Fuels Additives
Afton Chemical Corporation
Chemtura Corporation
Baker Hughes(GE)
Innospec
Lubrizol Corporation
The Dow Chemical Company
Albemarle
Dorf Ketal
Nalco Champion
Clariant AG
Eurenco
Nippon Yuka Kogyo