Global Fuels Market 2016-2020

  • Published: Jun 2016
  • Pages: 61
  • SKU: IRTNTR9732

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This market research report presents a detailed analysis of the leading players in the global fuels market and includes vendors like Chevron Oronite, Shell, TOTAL, and BP. It also presents a detailed segmentation of the market by product types (gasoline, diesel, heavy fuel oil, and jet fuel and kerosene), fuel additive consumption category (blending, shipping, and storage, gasoline fuel, after-market, diesel fuel, and heavy fuel oil additives), and geography (APAC, EMEA, North America, and South America).

Outlook of the global fuels market

Technavio’s fuels market analysis predicts that the global fuel market will grow at a sluggish CAGR of around 2% by 2020. At present, the market is witnessing the development of high-performance additives. High-performance fuel additives reduce maintenance costs, choking issues, and provide optimum performance. The use of such fuel additives will be a beneficial factor in improving the health and safety for maintenance people as these additives reduce the application of incompatible additive solutions in the fuel system. Some of the other advantages that these high-performance additives offer include cost-effectiveness, maintaining efficiency, environmental friendliness, reduced maintenance, improved thermal stability, and improved performance.

North America was the largest revenue contributing region in the market during 2015 and accounted for more than 35% of the overall fuel market share. Nearly two-thirds of the fuel consumed in North America is gasoline. However, with the growing preference for renewable fuel and more efficient engines, the consumption of gasoline, diesel, and jet fuel during the forecast period is anticipated to decline. Moreover, factors like the implementation of regulatory restrictions on marine fuel and the high availability of natural gas are also diminishing the use of heavy oil fuel in the region.

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  • Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

At present, the market is dominated by well-established vendors who compete on the basis of technology proprietorship, R&D capabilities, and economies of scale. The market is also witnessing consolidation as the major players are constantly acquiring smaller entities; thus, resulting in intense competition. Also, with the influx of private labels, the level of competition in the market will intensify during the forecast period.

Leading vendors in the market are -

  • Chevron Oronite
  • Shell
  • BP

Other prominent vendors in the fuel market include Cerion Energy, Chemtura, Energenics Europe, Evonik, Innospec, and Fuel Performance Solutions.

Segmentation by product types and analysis of the fuel market

  • Gasoline
  • Diesel
  • Heavy fuel oil
  • Jet fuel and kerosene

The gasoline segment will continue to dominate the fuel market during the forecast period and is expected to occupy more than 41% of the total market revenue by 2020. Gasoline is the chief product refined from crude oil and one of the primary fuel consumed. It is mostly used in light sport vehicles, especially sport utility vehicles, cars, and small trucks, boats, small aircraft, farm, construction, and landscaping equipment. With the declining prices of crude oil, the demand for gasoline is expected to grow over the next four years.

Segmentation by fuel additive consumption category and analysis of the fuel market

  • Blending, shipping, and storage additives
  • Gasoline fuel additives
  • Aftermarket additives
  • Diesel fuel additives
  • Heavy fuel oil additives

The blending, shipping, and storage additives segment dominated the fuel market and accounted for around 69% of the total market share in 2015. Blending, shipping, and storage additives are chemicals that are added to gasoline, diesel, and jet fuel in the blend refinery plant and across the supply chain. These chemicals are added so that the fuel meets the required specifications while reducing the blending cost. Such additives are also used wherever products are refined, stored, and shipped to customers.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global fuel market?
  • What are the key market trends impacting the growth of the global fuel market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global fuel market?
  • What are the market opportunities and threats faced by the vendors in the global fuel market?
  • Trending factors influencing the market shares of APAC, EMEA, North America, and South America.
  • What are the key outcomes of the five forces analysis of the global fuel market?

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Table of Content

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by product types

  • Global fuel market by product type
  • Gasoline
  • Diesel
  • Heavy fuel oil
  • Jet fuel and kerosene

PART 07: Market segmentation by fuel additive consumption category

  • Global fuel market by additive consumption

PART 08: Market segmentation by geography

  • Global fuel market by geography
  • Global fuel market in North America
  • Global fuel market in South America
  • Global fuel market in EMEA
  • Global fuel market in APAC

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 15: Key vendor analysis

  • BP
  • Chevron Oronite
  • Shell

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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