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The United States Light Fuel Oil (LFO) market size was valued at US$ 32.7 billion in 2024 and is projected to reach US$ 38.4 billion by 2030, at a CAGR of 2.7% during the forecast period 2024-2030.
Light Fuel Oil (LFO) is a distillate fuel oil used primarily for heating and in moderate-capacity commercial/industrial burner units, characterized by its lower viscosity and higher volatility compared to heavy fuel oils.
The U.S. Light Fuel Oil market is experiencing slow but steady growth, influenced by heating oil demand, industrial fuel consumption, and competition from alternative energy sources. In 2023, total consumption reached 820 million barrels, with residential heating accounting for 45% of demand. The commercial and institutional heating segment is growing at 2% annually. The market saw a 3% increase in demand for ultra-low sulfur light fuel oil in 2023, driven by stricter environmental regulations. The Northeast region dominates LFO consumption with a 65% market share due to its high concentration of oil-heated homes. The trend towards fuel efficiency led to a 5% rise in adoption of high-efficiency oil-fired boilers and furnaces. Biofuel blends in LFO saw an 8% surge in demand, particularly in regions with supportive policies for renewable fuel use. The market is witnessing increased focus on developing cleaner-burning LFO formulations, with a 10% growth in R&D investments for reduced emissions and improved combustion characteristics.
This report contains market size and forecasts of Light Fuel Oil (LFO) in United States, including the following market information:
• United States Light Fuel Oil (LFO) Market Revenue, 2019-2024, 2024-2030, ($ millions)
• United States Light Fuel Oil (LFO) Market Sales, 2019-2024, 2024-2030,
• United States Top five Light Fuel Oil (LFO) companies in 2023 (%)
Report Includes
This report presents an overview of United States market for Light Fuel Oil (LFO) , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Light Fuel Oil (LFO) sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States Light Fuel Oil (LFO) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
• Sulfur Free Fuel Oil
• Low Sulfur Fuel Oil
• Ship
• Power Plant
• Vehicle
• Industrial
• Other
Key Companies covered in this report:
• ExxonMobil Corporation
• Chevron Corporation
• Marathon Petroleum Corporation
• Phillips 66
• Valero Energy Corporation
• BP America, Inc.
• Shell USA, Inc.
• ConocoPhillips
• PBF Energy
• HollyFrontier Corporation
Including or excluding key companies relevant to your analysis.
The report also provides analysis of leading market participants including:
• Key companies Light Fuel Oil (LFO) revenues in United Statesn market, 2019-2024 (Estimated), ($ millions)
• Key companies Light Fuel Oil (LFO) revenues share in United Statesn market, 2023 (%)
• Key companies Light Fuel Oil (LFO) sales in United Statesn market, 2019-2024 (Estimated),
• Key companies Light Fuel Oil (LFO) sales share in United Statesn market, 2023 (%)
Key Indicators Analysed
• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• United Statesn Market Analysis: The report includes United Statesn market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Light Fuel Oil (LFO) Market
• Overview of the regional outlook of the Light Fuel Oil (LFO) Market
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
We offer additional regional and global reports that are similar:
• Global Light Fuel Oil (LFO) Market
• United States Light Fuel Oil (LFO) Market
• Japan Light Fuel Oil (LFO) Market
• Germany Light Fuel Oil (LFO) Market
• South Korea Light Fuel Oil (LFO) Market
• Indonesia Light Fuel Oil (LFO) Market
• Brazil Light Fuel Oil (LFO) Market
Customization of the Report: In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are meet.
1.1 Light Fuel Oil (LFO) Product Introduction
1.2.1 United Statesn Light Fuel Oil (LFO) Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Sulfur Free Fuel Oil
1.2.3 Low Sulfur Fuel Oil
1.3.1 United States Light Fuel Oil (LFO) Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Ship
1.3.3 Power Plant
1.3.4 Vehicle
1.3.5 Industrial
1.3.6 Other
1.4 United States Light Fuel Oil (LFO) Sales Estimates and Forecasts 2019-2030
1.5 United States Light Fuel Oil (LFO) Hydrocephalus Shunts Revenue Estimates and Forecasts 2019-2030
1.6 Study Objectives
1.7 Years Considered
2.1 United States Light Fuel Oil (LFO) Sales by Manufacturers
2.1.1 United States Light Fuel Oil (LFO) Sales by Manufacturers (2019-2024)
2.1.2 United States Light Fuel Oil (LFO) Sales Market Share by Manufacturers (2019-2024)
2.1.3 Top Largest Manufacturers of Light Fuel Oil (LFO) in 2023 in United States
2.2 United States Light Fuel Oil (LFO) Revenue by Manufacturers
2.2.1 United States Light Fuel Oil (LFO) Revenue by Manufacturers (2019-2024)
2.2.2 United States Light Fuel Oil (LFO) Revenue Market Share by Manufacturers (2019-2024)
2.2.3 United States Top Companies by Light Fuel Oil (LFO) Revenue in 2023
2.3 United States Light Fuel Oil (LFO) Sales Price by Manufacturers (2019-2024)
2.4 Analysis of Competitive Landscape
2.4.1 Manufacturers Market Concentration Ratio (CR3 and HHI)
2.4.2 United States Light Fuel Oil (LFO) by Company Type (Tier 1, Tier 2, and Tier 3)
2.4.3 United States Light Fuel Oil (LFO) Manufacturers Geographical Distribution
2.5 Mergers & Acquisitions, Expansion Plans
3.1 Light Fuel Oil (LFO) Market Size by Region: 2019-2030
3.1.1 United States Light Fuel Oil (LFO) Sales by Region: 2019-2024
3.1.2 United States Light Fuel Oil (LFO) Sales Forecast by Region (2025-2030)
3.1.3 United States Light Fuel Oil (LFO) Revenue by Region: 2019-2024
3.1.4 United States Light Fuel Oil (LFO) Revenue Forecast by Region (2025-2030)
4.1 United States Light Fuel Oil (LFO) Sales by Type
4.1.1 United States Light Fuel Oil (LFO) Historical Sales by Type (2019-2024)
4.1.2 United States Light Fuel Oil (LFO) Forecasted Sales by Type (2025-2030)
4.1.3 United States Light Fuel Oil (LFO) Sales Market Share by Type (2019-2030)
4.2 United States Light Fuel Oil (LFO) Revenue by Type
4.2.1 United States Light Fuel Oil (LFO) Historical Revenue by Type (2019-2024)
4.2.2 United States Light Fuel Oil (LFO) Forecasted Revenue by Type (2025-2030)
4.2.3 United States Light Fuel Oil (LFO) Revenue Market Share by Type (2019-2030)
4.3 United States Light Fuel Oil (LFO) Price by Type
4.3.1 United States Light Fuel Oil (LFO) Price by Type (2019-2024)
4.3.2 United States Light Fuel Oil (LFO) Price Forecast by Type (2025-2030)
5.1 United States Light Fuel Oil (LFO) Sales by Application
5.1.1 United States Light Fuel Oil (LFO) Historical Sales by Application (2019-2024)
5.1.2 United States Light Fuel Oil (LFO) Forecasted Sales by Application (2025-2030)
5.1.3 United States Light Fuel Oil (LFO) Sales Market Share by Application (2019-2030)
5.2 United States Light Fuel Oil (LFO) Revenue by Application
5.2.1 United States Light Fuel Oil (LFO) Historical Revenue by Application (2019-2024)
5.2.2 United States Light Fuel Oil (LFO) Forecasted Revenue by Application (2025-2030)
5.2.3 United States Light Fuel Oil (LFO) Revenue Market Share by Application (2019-2030)
5.3 United States Light Fuel Oil (LFO) Price by Application
5.3.1 United States Light Fuel Oil (LFO) Price by Application (2019-2024)
5.3.2 United States Light Fuel Oil (LFO) Price Forecast by Application (2025-2030)
6.1 ExxonMobil Corporation
6.1.1 ExxonMobil Corporation Corporation Information
6.1.2 ExxonMobil Corporation Overview
6.1.3 ExxonMobil Corporation in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.1.4 ExxonMobil Corporation Light Fuel Oil (LFO) Product Introduction
6.1.5 ExxonMobil Corporation Recent Developments
6.2 Chevron Corporation
6.2.1 Chevron Corporation Corporation Information
6.2.2 Chevron Corporation Overview
6.2.3 Chevron Corporation in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.2.4 Chevron Corporation Light Fuel Oil (LFO) Product Introduction
6.2.5 Chevron Corporation Recent Developments
6.3 Marathon Petroleum Corporation
6.3.1 Marathon Petroleum Corporation Corporation Information
6.3.2 Marathon Petroleum Corporation Overview
6.3.3 Marathon Petroleum Corporation in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.3.4 Marathon Petroleum Corporation Light Fuel Oil (LFO) Product Introduction
6.3.5 Marathon Petroleum Corporation Recent Developments
6.4 Phillips 66
6.4.1 Phillips 66 Corporation Information
6.4.2 Phillips 66 Overview
6.4.3 Phillips 66 in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.4.4 Phillips 66 Light Fuel Oil (LFO) Product Introduction
6.4.5 Phillips 66 Recent Developments
6.5 Valero Energy Corporation
6.5.1 Valero Energy Corporation Corporation Information
6.5.2 Valero Energy Corporation Overview
6.5.3 Valero Energy Corporation in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.5.4 Valero Energy Corporation Light Fuel Oil (LFO) Product Introduction
6.5.5 Valero Energy Corporation Recent Developments
6.6 BP America, Inc.
6.6.1 BP America, Inc. Corporation Information
6.6.2 BP America, Inc. Overview
6.6.3 BP America, Inc. in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.6.4 BP America, Inc. Light Fuel Oil (LFO) Product Introduction
6.6.5 BP America, Inc. Recent Developments
6.7 Shell USA, Inc.
6.7.1 Shell USA, Inc. Corporation Information
6.7.2 Shell USA, Inc. Overview
6.7.3 Shell USA, Inc. in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.7.4 Shell USA, Inc. Light Fuel Oil (LFO) Product Introduction
6.7.5 Shell USA, Inc. Recent Developments
6.8 ConocoPhillips
6.8.1 ConocoPhillips Corporation Information
6.8.2 ConocoPhillips Overview
6.8.3 ConocoPhillips in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.8.4 ConocoPhillips Light Fuel Oil (LFO) Product Introduction
6.8.5 ConocoPhillips Recent Developments
6.9 PBF Energy
6.9.1 PBF Energy Corporation Information
6.9.2 PBF Energy Overview
6.9.3 PBF Energy in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.9.4PBF Energy Light Fuel Oil (LFO) Product Introduction
6.9.5 PBF Energy Recent Developments
6.10 HollyFrontier Corporation
6.10.1 HollyFrontier Corporation Corporation Information
6.10.2 HollyFrontier Corporation Overview
6.10.3 HollyFrontier Corporation in United States: Light Fuel Oil (LFO) Sales, Price, Revenue and Gross Margin (2019-2024)
6.10.4 HollyFrontier Corporation Light Fuel Oil (LFO) Product Introduction
6.10.5 HollyFrontier Corporation Recent Developments
7.1 Light Fuel Oil (LFO) Industry Chain Analysis
7.2 Light Fuel Oil (LFO) Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Light Fuel Oil (LFO) Production Mode & Process
7.4 Light Fuel Oil (LFO) Sales and Marketing
7.4.1 Light Fuel Oil (LFO) Sales Channels
7.4.2 Light Fuel Oil (LFO) Distributors
7.5 Light Fuel Oil (LFO) Customers
8.1.1 Light Fuel Oil (LFO) Industry Trends
8.1.2 Light Fuel Oil (LFO) Market Drivers
8.1.3 Light Fuel Oil (LFO) Market Challenges
8.1.4 Light Fuel Oil (LFO) Market Restraints
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
Frequently Asked Questions ?
