The furnace oil is a fraction obtained from petroleum distillation, either as a distillate or a residue.it is also called as fuel oil. It is used primarily for steam boilers in power plants, aboard ships, and in industrial plants. Commercial fuel oils usually are blended with other petroleum fractions to produce the desired viscosity and flash point. Furnace oil uses also include emergency generators. Also, the uses include heating up homes and fuel trucks to lighting up furnaces, producing steam for industrial uses and for generating electric energy
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Key Benefits of the Report:
The global furnace oil market was valued at USD XX million in 2019, and is expected to grow at a CAGR of XX% between 2019 and 2026. Increasing demand from the steam boilers and aboard ships is one of the major factor which is anticipated to drive the demand of furnace oil during the forecast period. On contrary, pollution to air due to this oil and expensive nature than natural gas can restrain the market.
The global furnace oil market is segmented on the basis of application into steam boiler, aboard ships, industrial plant, emergency generator, electric energy generation, home heating, and others. On the basis of region the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America.
The global furnace oil market is segmented on the basis of application and region, with focus on manufacturers in North America, Europe, Asia Pacific, Middle East and Africa and South America.
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The Manufacturers Analyzed in Global Furnace Oil Market are
Indian Oil Corporation Ltd, China National Arts and Crafts (Group) Corp, Vitol, Lukoil, Sinochem Group Co., Ltd.
On the basis of Application:
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
Moreover, the market is classified based on regions and countries as follows:
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Partial Chapter of the Table of Content
Executive Summary
Introduction
Research Methodology
Global Furnace Oil Market Overview
Global Furnace Oil Market by Application
5.1. Introduction
5.2. Steam Boiler
5.2.1. Global Furnace Oil Market Revenue (USD Million) and Volume (Units) in Steam Boiler Application by Region, 2015 – 2026
5.3. Aboard Ships
5.3.1. Global Furnace Oil Market Revenue (USD Million) and Volume (Units) in Aboard Ships Application by Region, 2015 – 2026
5.4. Industrial Plant
5.4.1. Global Furnace Oil Market Revenue (USD Million) and Volume (Units) in Industrial Plant Application by Region, 2015 – 2026
5.5. Emergency Generator
5.5.1. Global Furnace Oil Market Revenue (USD Million) and Volume (Units) in Emergency Generator Application by Region, 2015 – 2026
5.6. Electric Energy Generation
5.6.1. Global Furnace Oil Market Revenue (USD Million) and Volume (Units) in Electric Energy Generation Application by Region, 2015 – 2026
5.7. Others
5.7.1. Global Furnace Oil Market Revenue (USD Million) and Volume (Units) in Other Applications by Region, 2015 – 2026
Continued…………
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