Global
emulsified
fuel market is expected to grow at a significant CAGR of 134.97% in the
upcoming period as the scope and its applications are rising enormously across
the globe. Emulsified fuel is composed of water and a combustible liquid,
either a fuel or oil. Emulsion fuels may be an ordinary emulsion or micro
emulsion. Both use surfactants and can be either oil-in-water, or bicontinuous,
or water-in-oil.
The
factors that are playing a major role in the growth of the market are the
increasing pollution levels, enhances fuel efficacy, fuel cost may be reduced,
participation towards environmental conservation, and the production of
emulsified fuel with high water content. However, the presence of alternative
like usage of LNG as shipping fuel may restrain overall market growth in the
years to come. Emulsified fuel market is segmented based on product type,
application, and region.
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Kerosene,
heavy oil, light oil, and other product types could be explored in emulsified
fuel market in the forecast period. The heavy oil sector accounted for the
substantial market share of emulsified fuel and is estimated to lead the
overall market in the years to come. In addition, the kerosene sector is
estimated to grow at the fastest pace in the years to come.
The
market could be categorized based on applications like industrial, marine, and
others could be explored in the forecast period. The marine sector accounted
for the substantial market share of emulsified fuel and is estimated to lead
the overall market in the years to come. The reason behind the overall market
growth could be the strict laws against emission from the marine vessels.
Globally,
EMEA accounted for the substantial share of emulsified fuel industry and is
estimated to lead the overall market in the years to come. North America and
the Asia Pacific are also estimated to have a positive influence on future
growth. North America is the second largest region with significant market
share. However, Asia Pacific is estimated to grow at the highest CAGR in the
forecast period.
Market Segment:
This report focuses on the top
manufacturers' Emulsified Fuel capacity, production, value, price and market
share of Emulsified Fuel in global market. The following manufacturers are
covered in this report:
•
Alternative Petroleum Technologies
•
Eneco Holdings
•
Quadrise Fuels International
•
Fukai Souken
•
TecnoVeritas
Emulsified Fuel Breakdown Data by Type
•
Heavy Oil
•
Kerosene
•
Others
Emulsified Fuel Breakdown Data by Region
•
North America
•
United States
•
Canada
•
Mexico
•
Asia-Pacific
•
China
•
India
•
Japan
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