An increased demand for butane torches is likely to favour the demand for glass production, plumbing and manufacturing projects.

The development of different grades of petroleum is expected to allow participants to expand their portfolios. In the next seven years, stringent fuel quality regulations are expected to hinder Bunker’s market growth.

Several factors are driving growth such as increasing urban population and growth of infrastructure in the emerging economies.

The global growth of the building & construction sector overall slowed down due to the suspension and discontinuation of construction activities as a result of the novel COVID-19 pandemic.