Market Overview

Global Refining Additive market size was USD 8.62 billion in 2022 and is projected to grow to USD 12.87 billion by 2030, exhibiting a CAGR of 5.2% from 2022 to 2030.

Some chemicals are put into fuels or the process of improving them to make them work better. They are called "additives to the refining process." They are used to keep boats from getting stuck on the bottom, to improve octane and cetane, and in other ways. Fuel is made to work better so that it can meet government rules. Good news for the refinery process chemicals market is that the oil and gas business is growing. These extras are used to process crude oil and get rid of the water it contains. Oil and gas are making more and more money. The Ministry of Petroleum and Natural Gas says that the Indian Oil and Gas Sector could get about $100 billion. Also, by 2030, the amount of natural gas in the mix of energy should go up from 6.7% to 15%. In the next few years, the process of improving cars is likely to need more additives. This will help the company that makes chemicals for refineries grow. During the process of making gasoline, additives are added to help cars get better gas economy and go faster. The COVID-19 pandemic caused a global economic downturn, which led to a big drop in the number of businesses around the world that made additives. Because of this, the size of the market for industrial process chemicals changed a lot.

Only the downstream business, which is the oil and gas business, uses these things. In the refining process, they use things like antioxidants, stabilizers, antifouling agents, antifoaming agents, octane boosters, catalyst regenerators, low flow qualities, biocides, cetane number enhancers, and amine solutions. A lot of different things also have metal deactivators and lubricity boosts. Refining chemicals are used to make diesel, gasoline, asphalt, and plane fuel. Chemicals are used by big players downstream to make plants work faster and better. There are different ways to handle these kinds of tablet materials, and they are made in different ways to meet different needs.

Market Dynamics

Increasing Automotive Sector

Refinery Process Additives are used in the automobile industry to help cars go further and faster. A plant adds octane and cetane improvers to fuel and oil. There are more cars being sold. For example, the European Automobile Manufacturers' Association thinks that the world will make 79,1 million cars in 2021, which is 1.3% more than in 2020. (ACEA). Since more cars are being made, the auto industry will probably need more chemical process additives in the coming years. This will help a business grow faster if it adds things to the cleaning process.

Restraints/Challenges: Fluctuating prices 

Prices that go up and down and prices of raw materials and tools that change a lot are big problems for the market's growth. Raw goods aren't always in the same place, so the market isn't growing as fast as it could.  If competition and supply can't keep up with growing demand and a growing world population without raising prices a lot, the market's growth rate will slow even more.  

Norms, standards, and rules

Opportunities: Technology is getting better and better

Major Market Segments Covered 

On the basis of  Type

Stabilizers

Corrosion Inhibitor

The market for corrosion inhibitors is expected to be worth USD 7.9 billion in 2022 and USD 10.1 billion in 2030, which is a CAGR of 4.9% from 2022 to 2030. The market for corrosion inhibitors is being driven by the growing demand for them from different end-use segments and strict environmental regulations and sustainability requirements.

Hydrogen Sulfide Scavenger

Hydrogen sulfide (H2S) scavengers are special chemicals or fuel additives that get rid of H2S. They are used a lot in places that process hydrocarbons and chemicals. To help meet product and process specifications, these special chemicals react with H2S in a targeted way and get rid of it.

Antioxidants

Antioxidants make up about % of the total additives market in India, and they brought in about % of the INR  million total additives market revenue. Most of the antioxidants on the Indian market are based on phosphate. In 2017, BASF, HPL Additives, and Adeka India were the main players in the market. By adding antioxidants to polymers, they can be used in engineering plastic, cars, water treatment, and as corrosion inhibitors. About % of the market is organized, with % of it made in the country and the other % coming from other countries.

Antifoulants

In 2021, antifoulants made up the largest part of the Refinery Process Additives market. It is expected to grow at a CAGR of 4.2% from 2022 to 2027. Antifoulants are used to keep organic and inorganic materials like sludge, polymers, coke, corrosion products, and catalyst fines from building up on heat transfer surfaces. The antifoulant additives increase production and throughput, improve the quality of the product and the overall reliability of the equipment, lower the costs of cleaning and replacing the equipment, and lower the overall costs of energy and getting rid of waste. In addition, it makes the worker safer. So, all of these things about antifoulants make it a better choice than other refinery process additives. This is what is driving its growth in this segment.

Defoamers

Biocides

Antimicrobial pesticides, which are also called microbicides or biocides, are drugs that kill microorganisms that make fuel systems dirty. Microbicides can be either bactericides or fungicides, depending on what they are used to kill: bacteria or fungi. In 2022, the market was worth USD 11.0 billion. By 2030, it is expected to be worth USD 13.6 billion, which means it will have grown at a rate of 4.3% per year from 2022 to 2030.

Amine Solutions

Amine additives in paints and coatings: Players in the paints and coatings market are focusing on adding specialty additives like amine additives to their product lines. The companies that make amine additives for paints and coatings are always trying to make sure that their products are safe for the environment and work well.

Cetane number improver

To increase the cetane rating of the combination, diesel is blended with modest amounts of cetane improvers or additives. Octyl nitrate is used most often as a cetane booster. (EHN). It helps make products that speed up ignition and cut down on the time it takes to start. The market for cetane improver additives is expected to be worth about $1,058 million in 2021 and grow at a CAGR of almost 4.1% from 2022 to 2030. By 2030, the market is expected to be worth about USD 1,523,500,000.

On the basis of Application

Crude Oil Processing

The crude oil processing segment held the largest Refinery Process Additives Market share in 2021 and is estimated to grow at a CAGR of 5.2% during the forecast period 2022-2030. Crude oil processing comprises three different processes, including thermal cracking, hydrocracking and catalytic cracking. Crude oil processing converts residual oil to diesel, fuel oil, petrol and naphtha Refinery process additives are utilized in crude oil processing to address problems in upstream, midstream and downstream. The oil and gas industry is growing, for instance, in 2022, India's top oil and gas producer ONGC invested Rs31,000 crore (US$3,898 million), in exploring the Indian sedimentary basin for fuel reserves, over the next three years. Thus, with the rising oil & gas sector, the crude oil processing segment is growing, which is driving the refinery process additives market growth over the forecast period.

Fluid Catalytic Cracking

FCC is a type of secondary unit operation that primarily enables additional gasoline production in petroleum refining processes. This chemical process uses catalysts to convert heavy distillates into lighter ones, deriving gasoline and diesel among other products. Rising demand for valuable products such as gasoline, olefinic gasses, and petroleum products to meet growing fuel and power needs is expected to complement fluid catalytic cracking industry growth. FCCs have completely replaced traditional thermal catalytic processes to derive higher gasoline quantities with greater octane rating, in order to meet stringent carbon emission standards.

Hydroprocessing

Hydroprocessing is a catalytic term relating to the processes of hydrocracking and hydrotreating. These processes are for the removal of sulfur, oxygen, nitrogen and metals from crude oil, this is done in the refining of fuel to enable lower sulfur levels in fuels.

Regional insights

Because it has so many companies, North America keeps a big share of the market, and this will continue for the next few years. Also, you should know that this place is known for making a lot of things with essential oils. West Europe, the Middle East, and Africa will all grow when this happens. Also, it's important to remember that many Asian and Pacific countries want to grow quickly. In the coming years, plants that are set up in complicated ways will help this growth. Latin America's CAGR will be about average during the same time frame.

Scope of Report

Report Attribute	Details
Study Period	2017-2030
Base Year	2022
Estimated year	2023
Forecast period	2023-2030
Historic Period	2017-2022
Units	Value (USD Billion)
Growth Rate	CAGR of 5.2% from 2023 to 2030
By Type	Stabilizers Corrosion Inhibitor Hydrogen Sulfide Scavenger Antioxidants Antifoulants Defoamers Catalyst Regenerators Biocides Amine Solutions Cetane number improver
By Application	Crude Oil Processing Fluid Catalytic Cracking Hydroprocessing
By Companies	GE Power & Water Albemarle Corporation The Lubrizol Corporation BASF SE Dorf-Ketal Chemicals India Private Limited Johnson Matthey PLC Clariant AG Switzerland NALCO Champion (Ecolab) Exxon Mobil Corporation, Chevron Corporation Amspec  LLC Infineum International Ltd Evonik Industries Ag Total SA and others.
Regional Scope	North America Europe Asia-Pacific The Middle East & Africa Latin America
Reasons to Purchase this Report and Customization Scope	6-month post-sale analyst assistance. 10% Free Customization and 15 Company Profiles in addition to the ones specified

Key Vendors

• GE Power & Water
• Albemarle Corporation
• The Lubrizol Corporation
• BASF SE
• Dorf-Ketal Chemicals India Private Limited
• Johnson Matthey PLC
• Clariant AG Switzerland
• NALCO Champion (Ecolab)
• Exxon Mobil Corporation,
• Chevron Corporation
• Amspec 
• LLC
• Infineum International Ltd
• Evonik Industries Ag
• Total SA and others.

• Albemarle Corporation

Albemarle Corporation (NYSE: ALB), with its main office in Charlotte, North Carolina, is a world company that makes specialty chemicals. It is a leader in lithium, bromine, and refining catalysts, among other things. They help companies in many of the world's largest and most important businesses, like energy, transportation, and electronics, reach their full potential. The operators, scientists, and engineers on their team have a lot of experience and a lot of ability. Albemarle Corporation works with their customers to develop and customize solutions that use the best technology and ingredients.

• The Lubrizol Corporation

The Lubrizol Corporation, which is owned by Berkshire Hathaway, is dedicated to making the world a better place. Their science is the best in the world, and it opens up huge possibilities at the molecular level. This leads to long-lasting and measurable results that help people all over the world Move Cleaner, Create Smarter, and Live Better. People use their ideas every day, making the lives of billions of people around the world better. Lubrizol has been around since 1928. It owns and runs more than 100 factories, sales offices, and technical offices around the world and has about 8,800 workers. 

• BASF SE

At BASF, they use science to make a better world. They have economic success while also taking care of the world and being good citizens. More than 111,000 people work for the BASF Group. They help their companies succeed in almost every industry and almost every country in the world. Their offering is made up of six different areas: chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. In 2022, BASF made sales of €87,300,000,000. The Frankfurt Stock Exchange (BAS) and the New York Stock Exchange (BASFY) are both places where BASF shares can be bought and sold. 

• Dorf-Ketal Chemicals India Private Limited

• Clariant AG Switzerland

Clariant is one of the world's top specialty chemical companies. Its mission is "Greater chemistry - between people and planet," and it creates value for customers in many different industries by giving them new and environmentally friendly solutions. Their product line is made to meet very specific wants as precisely as possible. At the same time, they focus their study and development on the most important trends of their time. These include saving energy, using raw materials that can be made over and over again, getting around without making pollution, and making the most of the limited resources we have. Clariant has three business areas: Care Chemicals, Natural Resources, and Catalysis.

Industrial development

Market Segmentation

The global Refining Additive market research report is categorized based on type, applications and region.

On the basis of Type

• Stabilizers
• Corrosion Inhibitor
• Hydrogen Sulfide Scavenger
• Antioxidants
• Antifoulants
• Defoamers
• Catalyst Regenerators
• Biocides
• Amine Solutions
• Cetane number improver

On the basis of Application

• Crude Oil Processing
• Fluid Catalytic Cracking
• Hydroprocessing

The global Refining Additive market Regional insights:

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion

Research report provides an in-depth analysis of drivers, Restraints ,Challenges, opportunities and impact of covid 19 by its historical and current current information about key players and vendors, as well as all of the above growth factors and possible changes in the future, to help clients get important information about the structure of the market and predictions for the next few years. The research report gives a full picture of the market. It has well-thought-out insights, facts, historical data, and market data that has been statistically proven and confirmed by the industry. It also has forecasts that are based on a good set of beliefs and methods. The study report breaks down the market into segments, such as geography, application, and industry, and gives analysis and information for each segment. Strategic suggestions for market players, mergers and purchases, and profiles of new and current market players. The market for refinery process additives is split up by type, utility, application, process, and type of crude. The growth of these segments will help you analyze industries with slow growth and give users a useful overview of the market and market insights that will help them make strategic decisions about finding core market applications.