Octane Improver Fuel Additives Market Size

Octane Improver Fuel Additives Market size was valued at USD 151.3 Million in 2023 and is anticipated to exceed USD 200.8 Million by the end of 2036, registering over 3.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of octane improver fuel additives is evaluated at USD 155 Million. The growth of the market can be attributed to increasing environmental concerns. The demand for clean-burning fuels with lower emissions has increased as air pollution and greenhouse gas emissions have grown across the globe. This has caused researchers to concentrate more on creating gasoline additives that can aid in lowering dangerous pollutant emissions from car engines, as a result, is expected to add to the market growth. According to the World Health Organization (WHO), around seven million people die from air pollution globally each year.

In addition to these, factors that are believed to fuel the market growth of octane improver fuel additives include the rising awareness about the benefits of octane improver fuel additives. For instance, octane improver gasoline additives are now more widely used and adopted in the automobile industry as a result of growing public knowledge of their advantages. The purpose of octane improver fuel additives is to raise the octane rating of the fuel to improve the performance and efficiency of gasoline-powered engines. Further, improved engine performance is one of the main advantages of utilizing gasoline additives with octane improvers.