The Global Fuel Additives Market was valued at USD 346 Million in 2024 and is projected to reach USD 218 Million by 2032, declining at a Compound Annual Growth Rate (CAGR) of -6.5% during the forecast period (2024–2032). This market contraction is primarily driven by the global energy transition away from heavy fuel oils and stricter environmental regulations that are phasing out certain conventional fuel applications.

Despite the overall market decline, fuel additives remain critical for enhancing fuel efficiency, reducing emissions, and protecting engine components in sectors such as power generation and marine vessel bunkering. The industry is characterized by innovation in sustainable formulations and strategic consolidations. In this blog, we profile the Top 10 Companies in the Fuel Additives Industry—specialty chemical giants and niche players who are navigating the market’s challenges through advanced R&D and global supply chain expertise.

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🔟 1. Afton Chemical Corporation

Headquarters: Richmond, Virginia, USA
Key Offering: Performance Additives, Deposit Control Additives, Corrosion Inhibitors

Afton Chemical, a subsidiary of NewMarket Corporation, is a globally recognized leader in the development and manufacture of fuel additives. The company’s comprehensive portfolio includes additives for gasoline, diesel, and heavy fuel oils, designed to improve fuel economy, reduce emissions, and ensure engine cleanliness. Afton serves a diverse clientele across the automotive, marine, and industrial sectors.

Innovation Initiatives:

• Heavy investment in R&D for low-emission additive technologies
• Development of multifunctional additive packages for modern engine designs
• Focus on solutions compliant with evolving global fuel standards like Euro 7 and Tier 4

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Gasoline Performance Additives, Diesel Additives, Cold Flow Improvers

BASF is a chemical behemoth with a formidable presence in the fuel additives market. Its solutions are integral to enhancing fuel performance, from improving cetane numbers in diesel to preventing deposit formation in gasoline engines. The company leverages its vast petrochemical expertise to develop innovative additives that address the challenges of modern refining and combustion processes.

Sustainability Initiatives:

• Pioneering bio-based and biodegradable additive components
• Active participation in global consortia for sustainable fuel development
• Commitment to carbon-neutral growth ambitions through efficient fuel solutions

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8️⃣ 3. The Lubrizol Corporation

Headquarters: Wickliffe, Ohio, USA
Key Offering: Detergents, Stabilizers, Corrosion Inhibitors, Combustion Improvers

Lubrizol is a premier specialty chemical company renowned for its advanced additive technologies for transportation and industrial markets. Its fuel additives are engineered to maximize fuel efficiency, protect engine components, and reduce harmful emissions. The company maintains strong technical partnerships with major OEMs and fuel marketers worldwide.

Innovation Initiatives:

• Leadership in developing additives for hybrid and high-efficiency engines
• Extensive testing and validation capabilities for new fuel formulations
• Strategic focus on additives compatible with renewable and alternative fuels

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7️⃣ 4. Chevron Oronite

Headquarters: San Ramon, California, USA
Key Offering: OGA® Gasoline Additives, OLOA® Diesel Additives, Specialty Additives

Chevron Oronite is a key player leveraging its parent company’s deep-rooted expertise in the petroleum industry. It provides a wide range of additives that improve fuel performance, protect equipment, and help customers meet stringent environmental regulations. The company has a significant footprint in the Asia-Pacific region, a key growth market.

Strategic Initiatives:

• Integration of additive production with Chevron’s refining operations
• Expansion of manufacturing capacity in Singapore to serve Asian markets
• Development of tailored additive packages for emerging market fuel qualities

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Fuel Additives Market – View in Detailed Research Report

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6️⃣ 5. Innospec Inc.

Headquarters: Englewood, Colorado, USA
Key Offering: Octane Improvers, Cetane Improvers, Fuel Stabilizers, Specialty Chemicals

Innospec is a global specialty chemicals company with a focused Performance Chemicals segment dedicated to fuel additives. The company is known for its innovative solutions, such as platinum-based cetane improvers for diesel and additives that enhance the stability of biofuels. Innospec caters to both the petroleum and biofuels industries.

Innovation Initiatives:

• Leading provider of additives for ultra-low-sulfur diesel (ULSD) and biodiesel blends
• Significant R&D investment in emission control technologies
• Strategic acquisitions to bolster technological capabilities and market reach

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5️⃣ 6. Infenium

Headquarters: Abingdon, United Kingdom
Key Offering: Magnesium-based Additives, Ash Modifiers, Combustion Catalysts

Infenium specializes in high-performance additive technology, particularly for heavy fuel oil (HFO) applications in the power generation and marine sectors. Its proprietary magnesium-based additives are highly effective at neutralizing acidic combustion by-products and preventing high-temperature corrosion and fouling in boilers and engines.

Specialization Focus:

• World-leading expertise in additive technology for residual fuels
• Solutions that ensure compliance with IMO 2020 sulfur cap regulations
• Focus on improving operational efficiency and reducing maintenance costs for end-users

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4️⃣ 7. Baker Hughes

Headquarters: Houston, Texas, USA
Key Offering: Multifunctional Additive Packages, Refinery Process Additives, Asset Integrity Solutions

Baker Hughes, an energy technology company, offers a broad portfolio of chemical solutions, including advanced fuel additives. Its offerings are designed to optimize the entire fuel value chain, from refining processes to end-use combustion, helping customers improve efficiency, reduce emissions, and extend asset life.

Technology Initiatives:

• Integration of digital monitoring with additive treatment programs
• Development of additives for challenging environments like offshore operations
• Strong focus on sustainability through emissions-reducing formulations

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3️⃣ 8. Dorf Ketal

Headquarters: Mumbai, India
Key Offering: Refinery Catalysts, Fuel Additives, Specialty Chemicals

Dorf Ketal is a leading specialty chemical company with a significant presence in the refinery and fuel additives market. The company provides innovative solutions that address critical challenges in fuel processing and utilization, with a strong market position in India and other emerging economies.

Market Focus:

• Strong regional expertise and customized solutions for Asian and Middle Eastern markets
• Focus on cost-effective additive solutions for price-sensitive regions
• Investment in R&D to develop products for cleaner fuel standards

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2️⃣ 9. LANXESS

Headquarters: Cologne, Germany
Key Offering: Synthetic Lubricants, Additive Components, Rhein Chemie Products

LANXESS is a leading specialty chemicals company that supplies key components and additives for the fuel industry through its Rhein Chemie business unit. The company’s products include additives that improve fuel stability, prevent corrosion, and enhance lubricity, particularly in diesel and biofuels.

Specialty Focus:

• Expertise in sulfur-based and phosphorus-based additive chemistry
• Development of environmentally compatible additive components
• Strong presence in the European automotive and industrial sectors

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1️⃣ 10. Magna International Inc. (Magna Group)

Headquarters: Aurora, Ontario, Canada
Key Offering: Fuel Additives, Fuel Treatments, Aftermarket Chemicals

Magna Group specializes in fuel additives and treatments for the automotive aftermarket and industrial sectors. The company formulates products that clean fuel systems, improve combustion, and reduce emissions for a wide range of vehicles and equipment. Its strength lies in its distribution network and branded consumer products.

Market Approach:

• Strong focus on the consumer and small-business aftermarket segment
• Formulation of easy-to-use additive treatments for maintenance and performance
• Strategic partnerships with automotive parts retailers and distributors

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Fuel Additives Market – View in Detailed Research Report

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🌍 Outlook: The Future of Fuel Additives Is Smarter and More Sustainable

The fuel additives market is undergoing a significant transformation. While facing headwinds from the decline in heavy fuel oil use, the industry is pivoting towards smarter, high-value formulations that are essential for the efficient and clean operation of existing fleets and power infrastructure during the energy transition.

📈 Key Trends Shaping the Market:

• Accelerated R&D into additives for biofuels, hydrogen, and synthetic fuels
• Growing demand for multifunctional additive packages that offer combined benefits
• Increased digitalization for optimized additive dosing and performance monitoring
• Strategic M&A activity as companies consolidate to enhance technological portfolios

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

The companies listed above are not just supplying chemicals—they are providing the essential performance enhancers that enable a more efficient and lower-emission use of conventional fuels during the global shift to a sustainable energy future.