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Global Fuels Market 2016-2020

About the Fuels Market

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
Technavio’s analysts forecast the global fuels market to grow at a CAGR of 1.99% during the period 2016-2020.

Covered in this report

The 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
Technavio's report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.

Key vendors
  • BP
  • Chevron Oronite
  • Shell
  • TOTAL
Other prominent vendors
  • Cerion Energy
  • Chemtura
  • Energenics Europe
  • Evonik
  • Fuel Performance Solutions
  • Innospec
Market driver
  • Liquefied natural gas (LNG) demand from Asia
  • For a full, detailed list, view our report
Market challenge
  • Increased adoption of hybrid electric vehicles
  • For a full, detailed list, view our report
Market trend
  • Development of high-performance additives in fuels
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Fuels Market 2016-2020

Technavio recognizes the following companies as the key players in the global fuels market: BP, Chevron Oronite, Shell, and TOTAL.

Other Prominent Vendors in the market are: Cerion Energy, Chemtura, Energenics Europe, Evonik, Fuel Performance Solutions, and Innospec.

Commenting on the report, an analyst from Technavio’s team said: “A trend which is expected to have a far reaching impact on market growth is the development of high-performance additives in fuels. High-performance additives reduce maintenance costs, reduce coking issues, and provide optimum high-performance gas turbines. It will prove beneficial in improving health and safety of the maintenance people by reducing the use of incompatible additive solutions to prevent ice formation and bacterial growth in the fuel system.”

According to the report, a key growth driver is the rising demand for LNG from Asia. APAC dominated LNG imports and accounted for almost 75% of the global demand in 2015. For the second year in a row, the five major importers of LNG were all situated in these regions. The demand from APAC remained flat YOY almost at 146 million tons as import growth in Japan, Singapore and Taiwan was balanced by a significant fall in imports in South Korea. Substantial demand growth is anticipated.

Further, the report states that one challenge that could hamper market growth is the increased adoption of hybrid electric vehicles. Hybrid electric vehicles are also being promoted by many governments owing to their lower use of conventional fuels and less noise and air pollution.



Companies Mentioned

BP, Chevron Oronite, Shell, TOTAL, Cerion Energy, Chemtura, Energenics Europe, Evonik, Fuel Performance Solutions, Innospec.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global fuel market
    • Market size and forecast
      • Table Global fuel consumption 2015-2020 (million barrels per day)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product types
    • Global fuel market by product type
      • Table Global fuel market by product types 2015
      • Table Global fuel market by product types 2020
    • Gasoline
      • Table Global gasoline consumption 2015-2020 (million barrels per day)
    • Diesel
      • Table Global diesel consumption 2015-2020 (million barrels per day)
      • Table Gasoline retail price in US January 2015-March 2016
    • Heavy fuel oil
      • Table Global heavy fuel oil consumption 2015-2020 (million barrels per day)
    • Jet fuel and kerosene
      • Table Global jet fuel and kerosene consumption 2015-2020 (million barrels per day)
  • Market segmentation by fuel additive consumption category
    • Global fuel market by additive consumption
      • Table Global fuel market by additive consumption 2015
  • Market segmentation by geography
    • Global fuel market by geography
      • Table Global fuels market by geography 2015
      • Table Global fuels market by geography 2020
    • Global fuel market in North America
      • Table Fuel consumption in North America 2015-2020 (million barrels per day)
    • Global fuel market in South America
      • Table Fuel consumption in South America 2015-2020 (million barrels per day)
    • Global fuel market in EMEA
      • Table Fuel consumption in EMEA 2015-2020 (million barrels per day)
    • Global fuel market in APAC
      • Table Fuel consumption in APAC 2015-2020 (million barrels per day)
  • Market drivers
    • Table Evaluation of crude oil prices with jet fuel prices 2010-first quarter of 2016 ($ per barrel)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Global electric vehicle sales 2015
    • Table Historical forecast of global hybrid electric vehicle sales 2008-2014 (hundred thousand vehicles)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • BP
      • Table BP: Business segmentation by revenue 2015
    • Chevron Oronite
      • Table Chevron Oronite: Product offering
    • Shell
      • Table Shell: Business segmentation by revenue 2015
      • Table Shell: Key takeaways
    • TOTAL
      • Table TOTAL: Business segmentation by revenue 2015
      • Table TOTAL: Key takeaways
  • Appendix
    • List of abbreviations
  • Explore Technavio

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