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Heating Oil Additives Market Size, Growth Trends, Forecast 2033

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The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033.

The Heating Oil Additives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Heating Oil Additives Market:

According to The Business Research Company’s Heating Oil Additives Global Market Report 2024, The heating oil additives market size has grown strongly in recent years. It will grow from $5.93 billion in 2023 to $6.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The  growth in the historic period can be attributed to aging housing stock, changing lifestyle, increased home equity, economic stability and growth, energy efficiency concerns, cyclical nature of homeownership.The heating oil additives market size is expected to see strong growth in the next few years. It will grow to $8.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.                                           

The growth of the aviation sector is expected to drive the expansion of the heating oil additives market. The aviation sector, encompassing various activities related to aircraft and spacecraft, relies on heating oil additives to improve the performance and reliability of aircraft fuels, particularly in cold weather conditions. For instance, as per the International Air Transport Association (IATA) report in June 2023, net profits in the airline industry are projected to reach $9.8 billion, surpassing the previous forecast of $4.7 billion. This indicates a significant surge in the sector's profitability, driving the demand for heating oil additives.

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The heating oil additives market covered in this report is segmented –
1) By Type
: Biocide, Water Controller, Heating Oil Stabilizer, Oil Gun Cleaner
2) By Application: Diesel, Gasoline, Aviation Fuel, Other Application
3) By End-User: Industrial, Residential, Commercial

Top Major Players

ERC Emmisions-Reduzierungs-Concepte GmbH,

Estuary Oils,

Afton Chemical Corporation,

BASF Group,

Bell Performance Inc.                                            

The heating oil additives market report table of contents includes:
     1. Executive Summary

  1. Heating Oil Additives Market Characteristics
  2. Heating Oil Additives Market Trends And Strategies
  3. Heating Oil Additives Market – Macro Economic Scenario
  4. Global Heating Oil Additives Market Size and Growth
  5. Heating Oil Additives Market Segmentation
  6. Heating Oil Additives Market Regional And Country Analysis


  1. Key Mergers And Acquisitions In The Heating Oil Additives Market
  2. Heating Oil Additives Market Future Outlook and Potential Analysis
  3. Appendix

List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Heating Oil Additives Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Heating Oil Additives Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Heating Oil Additives Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion


Table 74: ERC Emmisions-Reduzierungs-Concepte GmbH Financial Performance

Table 75: Estuary Oils Financial Performance

Table 76: Afton Chemical Corporation Financial Performance

Table 77: BASF Group Financial Performance

Table 78: Bell Performance Inc. Financial Performance 

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