Emulsified Fuel Market: Expected to Grow from $13.8B in 2020 to $20.8B by 2030, at a 4.2% CAGR
WILMINGTON, DE , UNITED STATES, July 15, 2024 /EINPresswire.com/ -- The emulsified fuel market size was valued at $13.8 billion in 2020, and is projected to reach $20.8 billion by 2030, at a CAGR of 4.2% from 2021 to 2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-sample/A07249
Emulsified fuel, such as kerosene and heavy oil, is a mixture of water and flammable liquid in a fuel oil. Emulsion is a type of scattering that includes both a continuous and scattered stage. Water-in-diesel emulsion is the most often used emulsion fuel. The key advantage to utilizing emulsified fuels rather than the fuel itself are natural and monetary advantages. The presence of water in a diesel emulsion reduces burning temperatures and nitrogen oxide emissions. This results in improved fuel economy. Oil-in-water-in-oil and water-in-oil-in-water are two forms of emulsions available in the market, depending on the inner and outer phases. Oil-in-water and water-in-oil emulsions are used in internal combustion engines for fuel, whilst the water-in-oil-in-water emulsion is used in cosmetics, food, and pharmaceutical production.
The emulsified fuel market analysis has been done on the basis of application, type, and region. By type, the market is divided into heavy oil, kerosene, and others. Rise in industrialization and marine transport led to increase in the demand for heavy oil. This drives the growth of the emulsified fuel market during the forecast period.
By application, the marine segment is expected to witness robust growth. Based on application, the emulsified fuel market is divided into marine, industrial and other. Rapid expansion of sea transport led to increase in demand for ships, which led to increase in the use of emulsified fuel. This acts as the major driving factor for the global emulsified fuel market during the forecast period.
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/4aa041ddc8d03ac5eada8b4746c09550
By region, Asia-Pacific is expected to grow at a rapid CAGR during the projection period, due to an increase in recreational water activities, logistics, and fishing, mainly in the developing nations such as India and China. Emulsified fuel is used in ships to cut NOx emissions and lower combustion temperatures.
The major companies profiled in this emulsified fuel industry report include Alternative Petroleum Technologies, Blue Ocean Solutions, Eneco Holdings, Green Fuels NZ Limited, Nanofuel Co., Ltd., Noritake Co. Limited, Quadrise Fuels International plc., SulNOx Group PLC, Tecnoveritas, and TotalEnergies.
๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ง๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ฅ๐๐๐ฌ๐ ๐๐๐๐ฅ ๐๐ซ๐๐ ๐ญ๐จ ๐๐จ๐ง๐ญ๐๐๐ญ ๐จ๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/A07249
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ:
By region, the Asia-Pacific market is projected to grow at the highest CAGR of nearly 4.4%, in terms of revenue, during the emulsified fuel market forecast period.
By type, the heavy oil segment accounted for the largest emulsified fuel market share in 2020.
By application, the marine segment garnered the largest market share in 2020.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Alternative Petroleum Technologies
Blue Ocean Solutions
Eneco Holdings
Green Fuels NZ Limited
Nanofuel Co., Ltd.
Noritake Co. Limited
Quadrise Fuels International plc.
SulNOx Group PLC
Tecnoveritas
TotalEnergies.
David Correa
Allied Market Research
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