Albany, NY -- (SBWIRE) -- 07/21/2016 -- 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

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Technavios 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.

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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?

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