Companies Dominating the Automotive Aftermarket Fuel Additives Landscape
- Ashland Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- BASF SE
- Afton Chemical Corporation
- BG Products Inc.
- Infineum International Ltd.
- Chevron Corporation
- Innospec Specialty Chemicals
- Lucas Oil Products Inc.
- TotalEnergies SE
- Lubrizol Corporation
Increasing production capacity is one of the major expansion strategies adopted by the companies in the automotive aftermarket fuel additives market. By doing this, businesses reduce lead times, optimize economies of scale, and cater to new markets. For instance, in August 2022, BASF inaugurated a new production plant for fuel performance additives in Shanghai, China, to address the growing demand for fuel performance additives in the region and bring better supply security and flexibility to customers in Asia.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of automotive aftermarket is assessed at USD 1.19 billion.
The automotive aftermarket market size was over USD 1.13 billion in 2024 and is likely to reach USD 2.47 billion by the end of 2037, growing at around 6.3% CAGR during the forecast period i.e., between 2025-2037. Rising concern for CO2 emission, rapidly growing automobile industry, increasing vehicle manufacturing along with production of biofuels will boost the market growth.
North America is predicted to dominate majority industry share by 2037, driven by environmental regulations aimed at reducing greenhouse gas emissions and protecting the environment, increased automobile production, and increase in per capita income.
The major players in the market include Ashland Inc., BASF SE, Afton Chemical Corporation, BG Products Inc., Infineum International Ltd., Chevron Corporation, Innospec Specialty Chemicals, Lucas Oil Products Inc., TotalEnergies SE, Lubrizol Corporation.
