Global Automotive Aftermarket Fuel Additives Market Trends, Forecast Report 2025-2037
Automotive Aftermarket Fuel Additives Market size is projected to increase from USD 1.13 billion to USD 2.47 billion, reflecting a CAGR of over 6.3% during the forecast period, from 2025 to 2037. In the year 2025, the industry size of automotive aftermarket fuel additives is estimated at USD 1.19 billion.
The growth of the market can be attributed primarily to the rapidly expanding automotive industry. For instance, the Indian automotive industry is expected to generate 200 billion dollars by 2031, making it the world's third largest industry.
Automotive fuel additives are adopted to improve diesel fuel and gasoline performance. It helps to reduce maintenance charges, improves engine performance and others. Automotive fuel additives comprises of numerous lubricants such as gear oil, transmission fluid, power steering oil and others. Moreover, rising demand for fuel additives to improve fuel efficiency and increase engine performance, increasing purchasing power coupled with increase in personal disposable income is anticipated to drive global automotive aftermarket fuel additives market growth over the forecast period. According to the Bureau of Economic Analysis, personal income grew by USD 47.0 billion (0.2%) in July 2022, and disposable personal income (DPI) rose by USD 37.6 billion (0.2%).
