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Global Emulsified Fuel Market by Type (Heavy Oil, Kerosene, Others), By Application (Marine, Industrial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-129
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 89
  • No. Of Pages: 225
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  • Pub. Date: 2021-03-01
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The global emulsified fuel market is expected to grow at a CAGR of 3.6% during the forecast period from 2021- 2028. Global Emulsified Fuel Market: Forecast By Type (Heavy Oil, Kerosene, Others), Application (Marine, Industrial) and Region (North America, Latin America Europe Asia Pacific Middle East & Africa)", The global emulsified fuel market accounted for USD 12.83 billion in 2018 and is projected to reach USD 18.76 billion by 2028 with the increase in demand for marine fuels owing to stringent regulations on sulfur emissions.

Emulsified fuel is an oil-based liquid that can be used directly as a replacement for crude or jet fuels, resulting in savings of up to 70% on the cost of operation. Emulsified fuel is cheaper and environmentally friendly because it does not contain sulfur. The process involves mixing water with any type of hydrocarbon (oil) at ratios between 99:51 and 85:15; which makes emulsion droplets smaller than 0.01 microns in diameter for use as a transportation fuel. It has been observed that emulsification offers more benefits over other alternatives such as biofuels and coal liquids due to its environmental friendliness, high energy density, low gas emissions during combustion, etc.

On the basis of type, the global emulsified fuel market is segmented into heavy oil, kerosene, and others.

Heavy oils

Heavy oils have been used for many years as an industrial lubricant in industries such as mining, construction work, or power ships. They are also burned on-site using diesel generators where a pipeline connection cannot be supplied. Emulsion of these fuels with water can provide significant advantages over conventional distillation processes because the resultant product contains no sulfur compounds that would cause air pollution problems at combustion time. Heavy Oil usually consists of liquid hydrocarbons which contain molecules made up mostly of chains from 13-20 carbon atoms long (C13 - C 20). The API gravity may range from 28° to 46° depending on their mineral content. They are typically obtained as a residue after the production of light oils and natural gas liquids, sometimes in association with natural bitumen deposits or tar sands. Heavy oil is characterized by a relatively high viscosity index compared to lighter grades due to its higher proportion of heavier alkane molecules that have more complex shapes than those found in conventional crude oils. This property makes heavy oil viscous at low temperatures but easy flowing at operating temperature and pressure when used for transportation purposes such as fuel injection into an internal combustion engine.


Kerosene type of emulsified fuel, which has a higher proportion of hydrocarbons with shorter chains such as butane or pentanes, is used for heating purposes. Kerosene may also be blended with diesel to reduce emissions during combustion.

On the basis of application, the global emulsified fuels are segmented into marines (transportation), industry (power generation), and others.

Marine Transportation

Marine transportation refers to the usage of emulsified fuels in ships and airplanes. Emulsion fluids are mainly used as a fuel for aircraft, diesel-electric submarines, and transport vehicles such as buses. These fluids produce less harmful emissions than traditional fossil fuels and have better thermal efficiency due to their higher flashpoint.


Industry application of emulsified fuels primarily focuses on power generation using the combustion process. Coal-fired plants are well suited for this purpose because they can burn coal to generate heat, which in turn is used to create steam that turns an electricity generator’s turbine blades. Emulsified fuel may also be blended with diesel in order to reduce emissions during combustion. The downside associated with running a plant solely on heavy oil or kerosene type of emulsion fuel is the high cost per unit of energy generated when compared with conventional fossil fuels such as coal and natural gas.

On the basis of region, emulsified fuel market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the global emulsified fuel market during the forecast period followed by Latin America and Europe. North America is anticipated to witness considerable growth during the forecast period owing to its high demand for marine fuels.

The Asia Pacific accounted for nearly half of the world’s kerosene consumption in 2016, which makes it an important emerging region for this type of emulsion based on both historical uses as well as future potential. This is primarily because China has been increasing imports from other countries such as Saudi Arabia that have excess refining capacity.

Growth Factors

The growth of the global emulsified fuel market is driven by an increase in demand for marine fuels as well as expanding renewable energy. Furthermore, ever-increasing crude oil prices are also expected to strengthen their position during the forecast period. In addition, increasing population and industrialization levels coupled with depleting fossil fuel reserves will drive up the demand for these types of oils over the next few years.

Up Market Research published a new report titled “Emulsified Fuel Market research report which is segmented by Types (Heavy Oil, Kerosene, Others), By Applications (Marine, Industrial, Others), By Players/Companies Alternative Petroleum Technologies, Eneco Holdings, Fukai Souken, Quadrise Fuels International, Tecnoveritas”. As per the study, the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

Report Attributes Report Details
Report Title Emulsified Fuel Market Research Report
By Type Heavy Oil, Kerosene, Others
By Application Marine, Industrial, Others
By Companies Alternative Petroleum Technologies, Eneco Holdings, Fukai Souken, Quadrise Fuels International, Tecnoveritas
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 225
Number of Tables & Figures 158
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Emulsified Fuel Industry Outlook

Global Emulsified Fuel Market Report Segments:

The market is segmented by Type Heavy Oil, Kerosene, Others and By Application Marine, Industrial, Others.


Some of the companies that are profiled in this report are:

  1. Alternative Petroleum Technologies
  2. Eneco Holdings
  3. Fukai Souken
  4. Quadrise Fuels International
  5. Tecnoveritas

Emulsified Fuel Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Emulsified Fuel Market

Overview of the regional outlook of the Emulsified Fuel Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Emulsified Fuel Market Overview

Highlights of The Emulsified Fuel Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Emulsified Fuel Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Heavy Oil

                2. Kerosene

                3. Others

       7. By Application:

                1. Marine

                2. Industrial

                3. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Emulsified Fuel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Emulsified Fuel Market Statistics

Reasons to Purchase the Emulsified Fuel Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Emulsified Fuel Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Emulsified Fuel Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Emulsified Fuel Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Emulsified Fuel Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Emulsified Fuel Market Size & Forecast, 2018-2028 
      4.5.1 Emulsified Fuel Market Size and Y-o-Y Growth 
      4.5.2 Emulsified Fuel Market Absolute $ Opportunity 

Chapter 5 Global Emulsified Fuel Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Emulsified Fuel Market Size Forecast by Type
      5.2.1 Heavy Oil
      5.2.2 Kerosene
      5.2.3 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Emulsified Fuel Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Emulsified Fuel Market Size Forecast by Applications
      6.2.1 Marine
      6.2.2 Industrial
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Emulsified Fuel Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Emulsified Fuel Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Emulsified Fuel Analysis and Forecast
   9.1 Introduction
   9.2 North America Emulsified Fuel Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Emulsified Fuel Market Size Forecast by Type
      9.6.1 Heavy Oil
      9.6.2 Kerosene
      9.6.3 Others
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Emulsified Fuel Market Size Forecast by Applications
      9.10.1 Marine
      9.10.2 Industrial
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Emulsified Fuel Analysis and Forecast
   10.1 Introduction
   10.2 Europe Emulsified Fuel Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Emulsified Fuel Market Size Forecast by Type
      10.6.1 Heavy Oil
      10.6.2 Kerosene
      10.6.3 Others
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Emulsified Fuel Market Size Forecast by Applications
      10.10.1 Marine
      10.10.2 Industrial
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Emulsified Fuel Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Emulsified Fuel Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Emulsified Fuel Market Size Forecast by Type
      11.6.1 Heavy Oil
      11.6.2 Kerosene
      11.6.3 Others
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Emulsified Fuel Market Size Forecast by Applications
      11.10.1 Marine
      11.10.2 Industrial
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Emulsified Fuel Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Emulsified Fuel Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Emulsified Fuel Market Size Forecast by Type
      12.6.1 Heavy Oil
      12.6.2 Kerosene
      12.6.3 Others
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Emulsified Fuel Market Size Forecast by Applications
      12.10.1 Marine
      12.10.2 Industrial
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Emulsified Fuel Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Emulsified Fuel Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Emulsified Fuel Market Size Forecast by Type
      13.6.1 Heavy Oil
      13.6.2 Kerosene
      13.6.3 Others
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Emulsified Fuel Market Size Forecast by Applications
      13.10.1 Marine
      13.10.2 Industrial
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Emulsified Fuel Market: Competitive Dashboard
   14.2 Global Emulsified Fuel Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Alternative Petroleum Technologies
      14.3.2 Eneco Holdings
      14.3.3 Fukai Souken
      14.3.4 Quadrise Fuels International
      14.3.5 Tecnoveritas
Segments Covered in the Report
The global Emulsified Fuel market has been segmented based on

By Types
  • Heavy Oil
  • Kerosene
  • Others
By Applications
  • Marine
  • Industrial
  • Others
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Alternative Petroleum Technologies
  • Eneco Holdings
  • Fukai Souken
  • Quadrise Fuels International
  • Tecnoveritas

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