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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 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.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: 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.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/A07249

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:

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.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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
+1 800-792-5285
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