Automotive Aftermarket Fuel Additives Market Size

Automotive Aftermarket Fuel Additives Market size was over USD 1.13 billion in 2024 and is likely to reach USD 2.47 billion by the end of 2037, growing at around 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive aftermarket is assessed 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%).