27 June 2019, 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.
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.
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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. The developing
countries like India and China are the major consumers of emulsified fuel in
this region. The key players of the emulsified fuel market are TECNOVERITAS,
Alternative Petroleum Technologies, Quadrise Fuels International, Eneco
Holdings, and Fukai Souken. These players are concentrating on inorganic growth
to sustain themselves amidst fierce competition.
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