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 industry share. 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, also known as petrol, is a liquid fuel primarily used to power internal combustion engines in vehicles, such as cars, trucks, and motorcycles. It is a complex mixture of hydrocarbons, typically containing between 8 and 12 carbon atoms per molecule. It is typically derived from crude oil through a refining process that involves distillation, cracking, and blending. It has a high energy density, meaning it contains a large amount of energy per unit of volume, making it a practical fuel for transportation. It can deliver high power output in internal combustion engines, making it ideal for powering vehicles that require high speed and acceleration. Despite fluctuations in fuel prices, gasoline remains a cost-effective energy source for transportation in many parts of the world.
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Market Trends:
The global market is primarily driven by the increasing demand for transportation. In line with this, the rising sales of vehicles are significantly contributing to market growth. Furthermore, the changing consumer preferences for larger, more powerful vehicles are accelerating the gasoline demand. Apart from this, the growing support by governments across various countries in the form of taxes and subsidies is stimulating product demand. Moreover, the easy availability and accessibility of fueling stations are catalyzing the market. Besides, the escalating construction activities are leading to the increasing need for gasoline generators, which, in turn, is favoring product uptake. Additionally, the growing modernization of manufacturing processes and rapid industrialization are providing a boost to 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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