Oil and Gasoline Additive Market Oil and Gasoline Additive Market | Page 2

equipment, thereby increasing life span of the equipment. Application of the oil & gasoline additives include
water treatment, power generation, refining, construction and mining sector. Increasing need for high-end
systems to handle high viscosity fluids and rising funding by regional governments in public infrastructure
development activities are anticipated to drive the growth of oil & gasoline additive in the upcoming years.
The market is broadly categorized into four major segments based on the end-use application type such as
lubrication, contamination control, seal conditioning and viscosity modifiers. The lubrication segment is growing
rapidly in the market with substantial revenue generation in the last few years.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation of latest technologies in
manufacturing sector, higher approval rate by regional government authorities, surge in number of research &
development activities and existence of well-established industrial infrastructure in the region.
Asia-Pacific region is estimated to hold major share in the oil and gasoline additive industry with massive growth
in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong
economic growth, favorable laws & regulation regarding use of fuel additive, rising disposable income,
increasing manufacturing activities, and significant investment by leading industry players considering potential
growth opportunities in the region.
The key players in the oil and gasoline additive market are Innospec Inc., Chemtura Corp., Infineum International
Ltd., Lubrizol Co., BASF SE, Lucas Oil Products, Inc., Bardahl Corp., The Freedonia Group, Inc., and Baker Hughes.
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