Global Emulsified Fuel Market 2018-2022
About Emulsified Fuel
Emulsified fuel is a mixture of water and surfactant (additive) in a fuel oil such as heavy oil, kerosene, and others. Similar to conventional fuels, it is used to run boilers and engines.
Technavio’s analysts forecast the global emulsified fuel market to grow at a CAGR of 134.97% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global emulsified fuel market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of emulsified fuel.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Emulsified Fuel Market 2018-2022
Technavio recognizes the following companies as the key players in the global emulsified fuel market: Alternative Petroleum Technologies, Eneco Holdings, Fukai Souken, Quadrise Fuels International, TECNOVERITAS
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of emulsified fuel with high water content. An emulsified fuel typically contains water in the range of 5%-20% by weight. Eneco Holdings has successfully produced emulsified fuel with high rate of water, having 70% water and 30% oil. The company's Eneco PLASMA FUSION technology is capable of producing emulsified fuel with high water content. The emulsified fuel produce by this technology has water and oil completely fused at the plasma level.”
According to the report, one of the major drivers for this market is Regulations for emissions from marine vessels. The shipping industry must comply with the new sulfur limits in sulfur ECAs (SECAs) from January 1, 2015. This means that ships, which are trading in the ECAs must use marine fuel with a sulfur content of up to 0.10%. These new regulations ensure the safety of ships, crew, and the marine environment.
Further, the report states that one of the major factors hindering the growth of this market is Growing use of LNG as shipping fuel. Stringent international marine emission norms and the high marine fuel prices have paved the way for environment-friendly fuels such as LNG. It is becoming popular as a fuel to be used in marine vessels. Being odorless, non-toxic, and non-corrosive, it is used to reduce emissions of greenhouse gases. It also evaporates quickly when exposed to air, leaving no residue behind.
Alternative Petroleum Technologies, Eneco Holdings, Fukai Souken, Quadrise Fuels International, TECNOVERITAS