Heating Oil Additives Market Report 2026

The heating oil additives market size has grown strongly in recent years. It will grow from $6.57 billion in 2025 to $7.01 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to expansion of residential heating oil usage, growth of commercial heating systems, increasing fuel storage requirements, rising cold climate energy demand, availability of additive blending technologies.

The heating oil additives market size is expected to see strong growth in the next few years. It will grow to $9.11 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing focus on cleaner heating fuels, rising adoption of advanced additive formulations, expansion of energy efficiency regulations, growing demand for long-term fuel storage solutions, increasing investments in low-emission heating technologies. Major trends in the forecast period include increasing demand for fuel stability enhancers, rising use of cold-weather performance additives, growing focus on emission reduction in heating systems, expansion of residential heating efficiency solutions, enhanced fuel storage protection.

The increasing production of automobiles is expected to drive the growth of the heating oil additives market in the coming years. An automobile is a motor vehicle with a gasoline or diesel internal-combustion engine designed for operation on regular roads. Heating oil additives are used in vehicles to clean engines, improve fuel efficiency and combustion performance, and prevent local overheating and chimney fires. As automobile manufacturing expands, it supports the growth of the heating oil additives market. For example, in January 2024, the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, reported that total vehicle production in the UK (cars and commercial vehicles) reached approximately 1,025,474 units in 2023, up 17% from the previous year. Consequently, the expansion of automobile manufacturing is propelling the heating oil additives market.

Growth in the aviation sector is also expected to boost the heating oil additives market. The aviation sector, or aerospace industry, covers activities related to the design, development, production, operation, and maintenance of aircraft and spacecraft. Heating oil additives are used in aviation fuels to enhance performance and reliability, particularly in cold climates. For instance, in June 2023, the International Air Transport Association (IATA), a Canada-based trade association, projected that airline industry net profits would reach $9.8 billion in 2023, more than double the previous forecast of $4.7 billion. Therefore, expansion in the aviation sector is supporting the growth of the heating oil additives market.

In June 2023, Macfarlane Energy, Inc., a U.S.-based heating oil products and services provider, successfully acquired the full-service heating fuels business assets from Horan Oil Corp. This strategic acquisition enabled Macfarlane's expansion of its customer base and services, including the introduction of innovative fuel additives. Concurrently, Macfarlane Energy pursued facility enhancements and modernization. Horan Oil Corp. is a U.S.-based heating oil and additive producer.

Major companies operating in the heating oil additives market are Afton Chemical, Lubrizol Corporation, Chevron Oronite Company, Infineum International Limited, BASF SE, Clariant AG, Innospec Inc., Dorf Ketal Chemicals, LANXESS AG, Evonik Industries AG, Nouryon Holding B.V., Croda International Plc, Arkema S.A., Dow Inc., ExxonMobil Chemical Company, BP Plc, Chevron Corporation, TotalEnergies SE, Valvoline Inc., Mitsubishi Chemical Group Corporation, Sumitomo Chemical Company Limited.

Asia-Pacific was the largest region in the heating oil additives market in 2025. Europe was the second-largest region in the global heating oil additives market during the forecast period. The regions covered in the heating oil additives market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the heating oil additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The heating oil additives market consists of sales of corrosion inhibitors, friction modifiers, antioxidants and viscosity index improvers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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