Fuels Market 2016 Global Analysis and Forecast to 2020

RnRMarketResearch.com adds Global Fuels Market 2016-2020 latest research report. The analysts forecast global fuels market to grow at a CAGR of 1.99% during the period 2016-2020.

During combustion, the chemical energy of the fuel is converted into heat energy. Fuel is converted from one state to another (solid to liquid or gaseous) to enhance the energy released.

Fuels can be classified into six major categories:

• Liquid (crude oil and petroleum products)
• Solid (coal and coal products)
• Gas (natural gas)
• Other fossil fuels
• Peat
• Biomass

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This report covers the present scenario and the growth prospects of the global fuels market for 2016-2020. We have considered the revenue generated from fuel consumption across different product segments to calculate the market size. The data is analyzed as per the consumption of fuels in terms of million barrels per day.

The market is divided into the following segments based on geography:

• APAC
• EMEA
• North America
• South America

The report, Global Fuels Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

• BP
• Chevron Oronite
• Shell
• TOTAL

Other prominent vendors

• Cerion Energy
• Chemtura
• Energenics Europe
• Evonik
• Fuel Performance Solutions
• Innospec

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Market driver

• Liquefied natural gas (LNG) demand from Asia

Market challenge

• Increased adoption of hybrid electric vehicles

Market trend

• Development of high-performance additives in fuels

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