Market research Future Gas to liquid (GTL) Market: Global Market Trends. | Page 3

Gas to liquid (GTL) market Research Report- Forecast to 2022
2 Market Overview
Based on application, the market has been divided as Fuel Oil, Lubricating Oil, Process Oil, and Others.
Fuel Oil accounted for the largest market share of 36.2% in 2016, with a market value of USD 98.4 Million.
Fuel oil is the advanced heavy fuel oil used in boilers and other equipment for generating heat and energy
in manufacturing operations and processes. It helps improve the reliability and the performance of the
entire boiler system, from the storage tank right to the chimney. Lubricating Oil was the second-largest
market, in 2016, valued at USD 81.2 Million.
Segmentation: Global Gas to liquid (GTL) Market
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