Market research Future Gas to liquid Market Facts, Figures & Key Player. | 页面 2

Gas to liquid Market industry Research Report- Forecast to 2023
1 Summary
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. GTL lubricants, come with essentially zero sulfur and
nitrogen, excellent oxidation stability and low viscosity, even at low temperatures. Process oil is another
major application of the market and is projected to grow at a CAGR of 7.00% during the forecast period.
GTL process oils are used in a wide variety of chemical and technical industries, either as raw material
component or as an aid to processing. GTL Process Oils have a water-white colour as well as they offer a
uniform chemical structure, a high flash point and low volatility, and an outstanding light and thermal
stability.
Key Players:
The key players of global gas to liquid (GTL) market are Royal Dutch Shell plc. (The Netherlands),
Chevron Corporation (U.S.), Sasol Limited (South Africa), PetroSA (South Africa), Velocys Plc. (U.K.),
ORYX GTL (Qatar), OLTIN YO’L GTL (Uzbekistan ) and others.
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