Fuel oils’ required performance depends on ascertaining their viscosity and flow rate and other characteristics pertaining to pressure and temperature. Contaminants arising out of scaling and corrosion residues reduce their performance when used in diesel engines and turbines. The growing need for ensuring a certain grade and cleanliness parameter is crucial for various downstream applications. Hence, there is steady need for treating and conditioning of light, medium and heavy fuel oils for meeting the purification standards of end-use industry, underpinning the expansion of the fuel oil treatment & conditioning market.
Various methods for conditioning of marine diesel engine fuel present a vast avenue in the fuel oil treatment & conditioning market. These oils are widely utilized in marine diesel engine combustion processes. New technologies in fuel oil treatment systems are growing in demand for use in removing trace components. Additionally, the use has risen in gas turbine power plants. Removing catalyst fines, also called cat fines, pose considerable challenge in the fuel oils used in such applications. Their presence can cause leaking of valves, coking of the combustion chamber, and corrosion and erosion, which can significantly affect the service life of cylinders, pumps, and heaters.
Companies Witness Vast Lucrative Avenues in Power Generation and Marine Transportation Industries
The adoption of measuring and analysis equipment and systems that enable rapid removal of cat fines has increased, thus bolstering the revenue prospects of the fuel oil treatment & conditioning market. The demand is expected to proliferate in the power generation industry and the marine transportation industry. Of note, marine transportation attracts enormous attention of suppliers of fuel oil treatment and conditioning products
New formulations are being commercialized to help end users in this industry meet the latest regional and global regulations pertaining to marine emissions. The trend is evident in European nations, such as the U.K, France, and Germany.
Opportunities in Marine Industry Rapidly Emerging, Extensive Demand for Cleaning of Heavy fuel Oils (HFO)
End users in the marine industry are increasingly boosting regular maintenance and inspection of fuel oil conditioning systems used for preparing the oil for efficient combustion. The growing sales of high sulfur fuel oil (HSFO) has spurred the need for fuel oil treatment and conditioning methods. In recent years, the adoption of HSFOs in major bunkering hubs globally has bolstered the need. Fuel oils pick up significant contaminants from the transport and storage chain, which typically corrode the metal equipment where these are used. Hence, the need for fuel oil treatment & conditioning is crucial for maintaining the service life of the equipment.
The marine industry has become a key revenue generator in the fuel oil treatment & conditioning market. The products are playing significant role in improving the energy efficiency and emissions reduction in commercial ships.
New Formulations and Advancements in Equipment to Extend Horizon
Advancements in ready-to-use fuel oil conditioners are being catalyzed by advances in additives. Companies are reaping revenue gains from the sales of fuel oil conditioners to be used in diesel engines. They are growing their research in oil additive formulations such as demulsifiers and dispersant. Of note, evolving regulations pertaining to fuels used in marine diesel engines have led to advancements in petroleum fuel treatment systems. This has spurred the deployment of fuel cleaning equipment and conditioning equipment. They are extensively being used for cleaning of heavy fuel oils (HFO). Major methods used are heating & draining, purifiers, and filtration, and chemical treatment.
Technological advancements have enabled manufacturers to develop integrated equipment. This, in turn, has catalyzed demand for new technologies in the fuel oil treatment & conditioning market. The adoption of these fuel oil treatment systems is making a significant bearing on CAPEX & operational reliability of fuel oil systems, thus expanding the frontiers of applications.