The fuel oil market will register a CAGR of nearly 1% by 2023.
The rise in world refining capacity is one of the key factors expected to trigger the fuel oil market growth in the forthcoming years. Investments in the new refinery projects are ramping up the global refining capacity. In addition, the growing demand for oil as fuel in the transportation and power generation sectors has further boosted the global refining capacity. Furthermore, as fuel oil production will eventually rise in the world refining capacity, in turn, boosting the fuel oil market growth during the forecast period.
Rise in world energy demand
With the demand for energy increasing across the world, the consumption rate of fuel oil is expected to remain robust and bolster the growth of the global fuel oil market.
Fluctuations in crude oil prices
The uncertainty in crude oil prices will hamper investments in E&P and refining projects. This will impede the growth of the global fuel oil market during the forecast period.
The market appears to be moderately fragmented with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Marine - Market size and forecast 2018-2023
- Industrial - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Requirement of new refinery based on IMO regulations
- Growth in global seaborne trade
- Adoption of blockchain for oil and gas industry
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Chevron Corp.
- Exxon Mobil Corp.
- National Iranian Oil Products Distribution Co.
- PJSC Gazprom
- Qatar Petroleum
- Royal Dutch Shell Plc
PART 14: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/r/eeglvq