Global Fuels Market to grow at a CAGR of 1.99% during Forecast period 2016-2020

Albany, NY, Jan 20: 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

The global fuels market to grow at a CAGR of 1.99% during the period 2016-2020. 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

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Technavio's report, Global Fuels 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

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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?

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This release was published on openPR.