Automotive aftermarket fuel additives (AFA) Market Overview, Analysis, Application and Research Report 2021

The global Automotive aftermarket fuel additives (AFA) Market is estimated to reach USD 1,387.0 Million by 2021 at a CAGR of 7.15% from 2016 to 2021.

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The main objective of the study is to define, describe, and forecast the automotive aftermarket fuel additives market on the basis of the distribution channel, application, supply mode and region. The report includes detailed information about the major factors (drivers, restraints, opportunities and industry specific challenges) influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. The report includes an analysis of the automotive aftermarket fuel additives by application (gasoline and diesel), by distribution channel (big stores, 4S stores, e-commerce, gas stations, automotive workshops, and unauthorized centers among others), by supply mode (third party and OEM) and by region (Asia-Pacific, Europe, North America, and RoW). The market size of automotive aftermarket fuel additives is estimated in terms of value. The base year considered for the study is 2015 while the forecast period is from 2016 to 2021.

Both, the top-down and bottom-up approaches have been used to estimate and validate the size of the global automotive aftermarket fuel additives market and to estimate the size of various other dependent submarkets. Extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, International Monetary Fund (IMF), World bank, Economic Co-operation and Development (OECD), International Energy Agency (IEA), Securities And Exchange Commission (SEC), and other government and private websites were involved in identifying and collecting information useful for this technical, market-oriented, and commercial study of the global aftermarket fuel additives market.

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Market Ecosystem:

The automotive aftermarket fuel additives (AFA) value chain includes raw material manufacturers such as BASF SE (Germany), Afton Chemical Corporation (U.S.), among others. Some of the manufacturers, such as Chevron Oronite (U.S.) and Infineum International Ltd. (U.K.) are also consumers of the products. The fuel additives manufactured from these raw materials are supplied to the major third party suppliers and automotive OEMs such as, BG Products, Inc. (U.S.), Lucas Oil Products Inc. (U.S.), Ford Motor Company (U.S.), General Motors (U.S.). Further, the end-users of AFA products are the major automotive OEMs companies, vehicle owners of commercial vehicles, and passenger cars among others.