Market Overview:
The global fuels market is expected to grow from USD 1,711.5 billion in 2018 to USD 2,362.8 billion by 2030, at a CAGR of 4.4% from 2018 to 2030. The growth of the global fuels market can be attributed to the increasing demand for fuel in the automotive and marine sectors and the increasing demand for jet fuel and kerosene in the aerospace & defense sector. The gasoline segment is projected to lead the global fuels market during the forecast period owing to its high demand as a transportation fuel across various end-use applications such as automotive and marine sectors. The diesel segment is projected second largest duringthe forecast period due its growing popularity as a transportation fuel across various end-use applications such as automotive, agricultural, construction & mining equipment fleets etc.
Product Definition:
A fuel is a substance that is burned to produce heat or power. Fuels are important for providing energy to homes, businesses, and vehicles.
Gasoline:
Gasoline is an organic liquid derived from the distillation of crude oil. It is a refined form of petroleum and one of the basic forms in which energy can be transported and used. The other forms are diesel, kerosene, natural gas, etc. Gasoline can be further processed to produce various products such as petrolatum (petroleum jelly), mineral gasoline or jet fuel among others.
Diesel:
Diesel is a type of fuel that is produced using crude oil. It consists of particles called diesel molecules which are smaller than those in gas form and move around more freely in the container. Diesel can be used as an alternative to petrol for powering vehicles and machines. The most common types of diesel are l, n, i, kerosene-based and biodiesel made from vegetable oils.
Application Insights:
The automotive segment led the global fuels market and accounted for more than 44.0% share of the overall revenue in 2017. The growth can be attributed to increasing sales of passenger vehicles, especially in China, India and Japan. Moreover, governments across the world are taking initiatives to promote investments in this sector to reduce dependence on foreign oil suppliers and increase energy security for domestic use. For instance, Saudi Arabia has announced plans to invest around USD 200 billion over next 20 years on various projects including solar power generation and water desalination plants using renewable energy sources such as wind power and solar panels coupled with advanced technologies such as automation systems that will boost production capacity many times over. Such initiatives by major economies will further propel demand from automotive sector globally driving growth of global fuels market over forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of more than 30% owing to increasing demand from China, India, Japan, South Korea and Taiwan. The region is projected to register the fastest growth over the forecast period on account of rising fuel consumption in industrial as well as commercial sectors.
China is expected to remain a key consumer and producer across various fuels due to its large land area along with extensive energy resources. Moreover, growing population coupled with rapid urbanization has resulted in increased demand for transportation which will drive product consumption further.
Europe was estimated at USD X billion in 2017 owing to high penetration of biofuels such as biodiesel which are made from waste vegetable oil (WVO) along with conventional feedstock like rapeseed oil or soybean oil leading towards improved environmental performance compared to other fossil fuels including diesel or gasoline while reducing carbon footprint associated with global warming.
Growth Factors:
- Increasing demand for fuel in the transportation sector as a result of population growth and rising income levels in developing countries.
- Stringent environmental regulations that promote the use of low-emitting and alternative fuels, such as electric vehicles and natural gas vehicles.
- Rapid technological advancements in fuel cells, batteries, and other storage technologies that are making electric vehicles more viable option for consumers.
- Growing popularity of ride-sharing services such as Uber and Lyft that is encouraging people to switch from owning cars to using shared mobility services instead.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuels Market Research Report
By Type
Gasoline, Diesel, Heavy Fuel Oil, Jet Fuel and Kerosene, Other
By Application
Marine, Automotive, Aerospace & Defense, Other
By Companies
Chevron Oronite, Shell, TOTAL, BP, Cerion Energy, Lanxess, Energenics Europe, Evonik, Innospec, Fuel Performance Solutions, Chevron Oronite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Fuels Market Report Segments:
The global Fuels market is segmented on the basis of:
Types
Gasoline, Diesel, Heavy Fuel Oil, Jet Fuel and Kerosene, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Marine, Automotive, Aerospace & Defense, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chevron Oronite
- Shell
- TOTAL
- BP
- Cerion Energy
- Lanxess
- Energenics Europe
- Evonik
- Innospec
- Fuel Performance Solutions
- Chevron Oronite
Highlights of The Fuels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gasoline
- Diesel
- Heavy Fuel Oil
- Jet Fuel and Kerosene
- Other
- By Application:
- Marine
- Automotive
- Aerospace & Defense
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fuels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fuels are substances that can be used to create heat, light, or motion. They include natural gas, oil, coal and wood.
Some of the major companies in the fuels market are Chevron Oronite, Shell, TOTAL, BP, Cerion Energy, Lanxess, Energenics Europe, Evonik, Innospec, Fuel Performance Solutions, Chevron Oronite.
The fuels market is expected to register a CAGR of 4.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fuels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fuels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fuels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fuels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fuels Market Size & Forecast, 2020-2028
4.5.1 Fuels Market Size and Y-o-Y Growth
4.5.2 Fuels Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Gasoline
5.2.2 Diesel
5.2.3 Heavy Fuel Oil
5.2.4 Jet Fuel and Kerosene
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Marine
6.2.2 Automotive
6.2.3 Aerospace & Defense
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fuels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fuels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Gasoline
9.6.2 Diesel
9.6.3 Heavy Fuel Oil
9.6.4 Jet Fuel and Kerosene
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Marine
9.10.2 Automotive
9.10.3 Aerospace & Defense
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Gasoline
10.6.2 Diesel
10.6.3 Heavy Fuel Oil
10.6.4 Jet Fuel and Kerosene
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Marine
10.10.2 Automotive
10.10.3 Aerospace & Defense
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Gasoline
11.6.2 Diesel
11.6.3 Heavy Fuel Oil
11.6.4 Jet Fuel and Kerosene
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Marine
11.10.2 Automotive
11.10.3 Aerospace & Defense
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Gasoline
12.6.2 Diesel
12.6.3 Heavy Fuel Oil
12.6.4 Jet Fuel and Kerosene
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Marine
12.10.2 Automotive
12.10.3 Aerospace & Defense
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Gasoline
13.6.2 Diesel
13.6.3 Heavy Fuel Oil
13.6.4 Jet Fuel and Kerosene
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Marine
13.10.2 Automotive
13.10.3 Aerospace & Defense
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fuels Market: Competitive Dashboard
14.2 Global Fuels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chevron Oronite
14.3.2 Shell
14.3.3 TOTAL
14.3.4 BP
14.3.5 Cerion Energy
14.3.6 Lanxess
14.3.7 Energenics Europe
14.3.8 Evonik
14.3.9 Innospec
14.3.10 Fuel Performance Solutions
14.3.11 Chevron Oronite
