The latest report published by IMARC Group, titled “Gasoline Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on gasoline market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global gasoline market is expected to exhibit a growth rate (CAGR) of 1.5% during 2023-2028.
Gasoline is a petroleum-derived liquid that is utilized as a fuel in a multitude of vehicular engines across the globe. This combustible material is produced by refining crude oil, a complex process which results in a blend of over five hundred different hydrocarbons. It is characterized by excellent anti-knock capacity, high energy density, relatively easy ignition, and quick vaporization of gasoline, thereby making it an ideal fuel source for automotive engines. A mixture of octane, heptane, and other light hydrocarbons, gasoline provides the energy required to power internal combustion engines, which operate by compressing and igniting the fuel, resulting in explosive force that drives a piston.
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Market Trends:
The global market is primarily driven by the escalating consumer demand for automobiles, especially in burgeoning economies. Moreover, the expanding middle-class population in these nations, and their subsequent increase in disposable income, have resulted in a larger consumer base purchasing personal vehicles, thereby fueling the market. In line with this, the increasing usage of high-octane gasoline in the marine and aviation industries that necessitate a higher production and supply of gasoline is creating a positive market outlook. Moreover, continual advancements in fuel efficiency and cleaner combustion technologies resulting in the in the advent of ultra-low sulfur gasoline and gasoline variants with lower environmental impact is further stimulating the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- BP plc
- Chevron Corporation
- CNPC
- Exxon Mobil
- Koch Industries Inc.
- Lukoil
- Marathon Petroleum Corporation
- PBF Energy
- Petrobras
- Reliance Industries Limited
- Saudi Arabian Oil Co.
- Valero
Gasoline Market Segmentation:
Our report has categorized the market based on region, type and application.
Breakup by Type:
- Regular Gasoline
- Special Gasoline
Breakup by Application:
- Motorcycle
- Automobile
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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