The Global Petroleum Additives Market was valued at USD 24.19 Billion in 2022 and is projected to reach USD 29.78 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period. This expansion is driven by stringent environmental regulations, increasing demand for fuel efficiency, and modernization of refining operations across major fuel-consuming regions.

As the energy sector transitions toward cleaner solutions, petroleum additives remain essential for enhancing combustion efficiency, reducing harmful emissions, and extending engine life. This analysis highlights the Top 10 Companies in the Petroleum Additives Industry – specialized chemical developers and petrochemical innovators reshaping fuel optimization globally.

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🔟 1. Afton Chemical Corporation

Headquarters: Richmond, Virginia, USA
Key Offerings: Fuel performance additives, lubricant enhancement solutions

As a NewMarket Corporation subsidiary, Afton Chemical leads in developing comprehensive additive systems for gasoline, diesel, and industrial fuels. The company’s technologies address deposit control, oxidation stability, and corrosion prevention across the fuel value chain.

Innovation Focus:

• HiTEC® performance additive systems for modern engines
• Low-ash lubricant formulations for emission compliance
• Refinery additives optimizing fuel production processes

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offerings: Keropur® fuel additives, refinery process chemicals

BASF’s comprehensive additive portfolio supports fuel stability, cleanliness, and combustion efficiency. The company is particularly focused on developing solutions for ultra-low-sulfur fuels and renewable fuel blends.

Innovation Focus:

• Multi-functional additive packages for gasoline and diesel
• Sustainable raw material integration in formulations

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8️⃣ 3. The Lubrizol Corporation

Headquarters: Wickliffe, Ohio, USA
Key Offerings: Cetane improvers, cold flow improvers, deposit control additives

This Berkshire Hathaway company specializes in fuel additives that enhance performance while meeting evolving environmental standards. Lubrizol’s technologies help prevent injector fouling and improve combustion efficiency.

Innovation Focus:

• Advanced detergent chemistries for fuel systems
• Bio-derived additive components

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7️⃣ 4. Innospec Inc.

Headquarters: Englewood, Colorado, USA
Key Offerings: Octane boosters, combustion improvers, stabilizers

Innospec’s Fuel Specialties division provides customized additive solutions addressing regional fuel specifications and performance requirements across global markets.

Innovation Focus:

• Emission-reduction technologies
• Additive systems for alternative fuel blends

Download FREE Sample Report: Petroleum Additives Market – View in Detailed Research Report

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6️⃣ 5. Evonik Industries AG

Headquarters: Essen, Germany
Key Offerings: Diesel performance additives, flow improvers

Evonik specializes in additive technologies that maintain fuel system cleanliness and optimize cold weather performance, particularly in diesel applications.

Innovation Focus:

• High-efficiency deposit control additives
• Advanced cold flow improvers for biodiesel

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5️⃣ 6. Chevron Oronite

Headquarters: San Ramon, California, USA
Key Offerings: Fuel and lubricant additive packages

Chevron’s specialized additives division develops comprehensive solutions that protect engines and improve fuel efficiency across transportation and industrial sectors.

Innovation Focus:

• Combustion system deposit prevention
• Emission control technologies

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4️⃣ 7. Baker Hughes

Headquarters: Houston, Texas, USA
Key Offerings: Refinery process additives, fuel stabilizers

Baker Hughes provides chemical solutions that optimize refinery operations and enhance final fuel product quality for better engine performance.

Innovation Focus:

• Distillation improvers
• Corrosion and fouling inhibitors

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3️⃣ 8. Clariant AG

Headquarters: Muttenz, Switzerland
Key Offerings: Fuel treatment additives, refinery catalysts

Clariant’s advanced additive technologies focus on improving fuel properties while supporting the energy transition through bio-compatible formulations.

Innovation Focus:

• Next-generation biofuel additives
• Integrated refining solutions

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2️⃣ 9. Dorf Ketal Chemicals

Headquarters: Mumbai, India
Key Offerings: Refinery additives, corrosion inhibitors

As a leader in emerging markets, Dorf Ketal develops cost-effective additive solutions that enhance fuel stability and refining efficiency.

Innovation Focus:

• Deposit control technologies
• Yield improvement additives

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1️⃣ 10. Croda International

Headquarters: Snaith, United Kingdom
Key Offerings: Bio-based additives, lubricity enhancers

Croda specializes in sustainable additive solutions derived from natural materials, with growing applications in low-emission fuel formulations.

Innovation Focus:

• Plant-based additive components
• Low-toxicity formulations

Get Full Report Here: Petroleum Additives Market – View in Detailed Research Report

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🌍 Outlook: The Future of Petroleum Additives

The petroleum additives market is undergoing significant transformation as it adapts to evolving fuel specifications, engine technologies, and sustainability requirements.

📈 Key Market Trends:

• Increasing demand for ultra-low sulfur fuel additives
• Development of renewable fuel-compatible additive packages
• Digital optimization of additive formulation and performance
• Tightening global regulations driving emission control innovations

Get Full Report Here: Petroleum Additives Market – View in Detailed Research Report

The featured companies represent the forefront of additive innovation, developing solutions that enhance fuel performance while supporting the industry’s environmental objectives and operational efficiency goals.