Global Fuel Oil Market Predicted to Hit US$ 246.41 Bn by 2029, Key Players: Exxon Mobil Corp, Qatar Petroleum, Gazprom Neft PJSC
Global Fuel Oil Market Projected to Reach Nearly $246.4 Billion by 2029 Driven by Industrial Demand The global fuel oil market is poised for steady growth, with a projected market value of nearly USD 246.41 billion by 2029 according to a new report by Maximize Market Research. This signifies a compound annual growth rate (CAGR) of 4.2%, driven by the increasing demand for fuel oil in various industries. Request for the Sample click here: Fueling Industrial Operations: The Enduring Role of Fuel Oil Fuel oil, a type of heavy oil derived from crude oil distillation, remains a critical fuel source for various industries. The report highlights its continued use in transportation (shipping), power generation, and industrial applications like petrochemical production and petroleum refineries. Maximizing Insights for the Fuel Oil Industry Maximize Market Research leverages a comprehensive research methodology to deliver the most accurate market data. The report incorporates a thorough analy