Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global No 2 Diesel Fuel Market by Type (High Sulfur diesel fuel (Above 500 ppm), Low Sulfur diesel Fuel (15 – 500 ppm), Ultra Low Sulfur diesel Fuel (Below 15 ppm)), By Application (Automotive, Marine, Aviation, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global No 2 Diesel Fuel Market by Type (High Sulfur diesel fuel (Above 500 ppm), Low Sulfur diesel Fuel (15 – 500 ppm), Ultra Low Sulfur diesel Fuel (Below 15 ppm)), By Application (Automotive, Marine, Aviation, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 143127 3300 Chemical & Material 377 243 Pages 4.6 (31)

Market Overview:

The global No 2 diesel fuel market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for No 2 diesel fuel from the automotive, marine, aviation and other applications. On the basis of type, high sulfur diesel fuel (above 500 ppm), low sulfur diesel Fuel (15 - 500 ppm) and ultra low sulfur diesel Fuel (below 15 ppm) are segments of the global No 2 Diesel Fuel Market. Among these types, high sulfur content fuels are expected to account for a major share of the market during the forecast period owing to its widespread use in industries such as automotive and marine. Low Sulfur Diesel Fuels are projected to grow at a higher CAGR than high sulfur content fuels over 2018-2030 due its growing demand from emerging economies for automobiles with stringent emission norms.

Global No 2 Diesel Fuel Industry Outlook

Product Definition:

No 2 Diesel Fuel is a fuel oil that is used in diesel engines. It is a type of distillate fuel oil, which means that it is made up of components that are distilled from crude oil. No 2 Diesel Fuel has a lower viscosity than other types of diesel fuel, which makes it easier to pump and distribute. It also has a higher cetane rating than other types of diesel fuel, which means that it ignites more easily and produces less noise when it burns.

High Sulfur diesel fuel (Above 500 ppm):

High sulfur diesel or naphtha-based fuel is a type of No 2 Diesel Fuel that contains more than the regular amount of Sulphur (Sulfur content above 500 ppm). The normal range for Sulfur content in No 2 Diesel Fuel is between 350 to 1000 ppm. Increasing demand from the construction and manufacturing industries, which majorly use heavy machinery has been driving the growth of this market.

Low Sulfur diesel Fuel (15 - 500 ppm):

Low sulfur diesel (LSD) is a type of fuel that contains less than 15 parts per million (ppm) of sulfur. The U.S. Environmental Protection Agency has set the standard for maximum amount of sulfur in fuels to be should be reduced to 40 ppm from 500 ppm, effective in 2015, which will reduce LSS by about 60%.

Application Insights:

Automotive was the largest application segment in 2016, accounting for over 72% of the total demand. The growing automotive industry across the globe is expected to remain a key factor driving product demand over the forecast period. Europe and North America are estimated to have a significant share in this industry owing to their developed infrastructure, which includes fueling stations and terminals for storage tanksers.

The aviation segment accounted for 10% of total revenue in 2016 and is expected to witness significant growth over the forecast period due largely to increasing air traffic across various airports globally. Aviation fuel comprises jet fuel (JP-4), kerosene-based fuels (KF) used mainly by commercial aircraft on short-distance routes as well as regional jets on medium distance routes, and No 2 Diesel Fuel (ND2) used mainly by long-distance aircraft on intercontinental routes.

Regional Analysis:

Asia Pacific was the largest market in 2016 and accounted for over 50% of the global demand. The region is also expected to be one of the fastest-growing regions, with China being a key contributor. Asia Pacific aviation sector is projected to grow by 5% per annum from 2017 to 2021 owing to rising passenger traffic on regional routes. This growth can be attributed mainly to economic development and increasing disposable income coupled with rising employment opportunities in emerging economies such as India, Indonesia, Vietnam, Thailand among others.

The Middle East & Africa (MEA) region has witnessed significant growth over the past few years on account of increasing government investments in various sectors including oil & gas exploration activities and marine transportation networks across countries such as Saudi Arabia.

Growth Factors:

  • Increasing demand for diesel fuel from the transportation sector as a result of the growth in global trade and rising urbanization.
  • Proliferation of diesel-powered vehicles, especially in developing countries, due to their superior performance and lower emissions as compared to gasoline-powered vehicles.
  • Stringent environmental regulations on gasoline-powered vehicles that are encouraging the adoption of diesel-powered vehicles worldwide.
  • Growing demand for biodiesel as a low-emitting and renewable alternative to conventional diesel fuel.

Scope Of The Report

Report Attributes

Report Details

Report Title

No 2 Diesel Fuel Market Research Report

By Type

High Sulfur diesel fuel (Above 500 ppm), Low Sulfur diesel Fuel (15 - 500 ppm), Ultra Low Sulfur diesel Fuel (Below 15 ppm)

By Application

Automotive, Marine, Aviation, Others

By Companies

ExxonMobil, BP, Shell, Chevron, CEPSA, PetroChina, Sinopec, Petro-Canada, Eastman, Idemitsu, MORESCO, Wuhan Jiesheng, Sinopec

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global No 2 Diesel Fuel Market Report Segments:

The global No 2 Diesel Fuel market is segmented on the basis of:


High Sulfur diesel fuel (Above 500 ppm), Low Sulfur diesel Fuel (15 - 500 ppm), Ultra Low Sulfur diesel Fuel (Below 15 ppm)

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.


Automotive, Marine, Aviation, Others

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:

  1. ExxonMobil
  2. BP
  3. Shell
  4. Chevron
  5. CEPSA
  6. PetroChina
  7. Sinopec
  8. Petro-Canada
  9. Eastman
  10. Idemitsu
  12. Wuhan Jiesheng
  13. Sinopec

Global No 2 Diesel Fuel Market Overview

Highlights of The No 2 Diesel Fuel Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. High Sulfur diesel fuel (Above 500 ppm)
    2. Low Sulfur diesel Fuel (15 - 500 ppm)
    3. Ultra Low Sulfur diesel Fuel (Below 15 ppm)
  1. By Application:

    1. Automotive
    2. Marine
    3. Aviation
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the No 2 Diesel Fuel 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

Global No 2 Diesel Fuel Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

No. 2 diesel fuel is a type of diesel fuel used in small engines, such as lawnmowers and chain saws.

Some of the key players operating in the no 2 diesel fuel market are ExxonMobil, BP, Shell, Chevron, CEPSA, PetroChina, Sinopec, Petro-Canada, Eastman, Idemitsu, MORESCO, Wuhan Jiesheng, Sinopec.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. No 2 Diesel Fuel Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. No 2 Diesel Fuel Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. No 2 Diesel Fuel Market - Supply Chain
   4.5. Global No 2 Diesel Fuel Market Forecast
      4.5.1. No 2 Diesel Fuel Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. No 2 Diesel Fuel Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. No 2 Diesel Fuel Market Absolute $ Opportunity

5. Global No 2 Diesel Fuel Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. No 2 Diesel Fuel Market Size and Volume Forecast by Type
      5.3.1. High Sulfur diesel fuel (Above 500 ppm)
      5.3.2. Low Sulfur diesel Fuel (15 - 500 ppm)
      5.3.3. Ultra Low Sulfur diesel Fuel (Below 15 ppm)
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global No 2 Diesel Fuel Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. No 2 Diesel Fuel Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Marine
      6.3.3. Aviation
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global No 2 Diesel Fuel Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. No 2 Diesel Fuel Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global No 2 Diesel Fuel Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. No 2 Diesel Fuel Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global No 2 Diesel Fuel Demand Share Forecast, 2019-2026

9. North America No 2 Diesel Fuel Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America No 2 Diesel Fuel Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America No 2 Diesel Fuel Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Marine
      9.4.3. Aviation
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America No 2 Diesel Fuel Market Size and Volume Forecast by Type
      9.7.1. High Sulfur diesel fuel (Above 500 ppm)
      9.7.2. Low Sulfur diesel Fuel (15 - 500 ppm)
      9.7.3. Ultra Low Sulfur diesel Fuel (Below 15 ppm)
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America No 2 Diesel Fuel Demand Share Forecast, 2019-2026

10. Latin America No 2 Diesel Fuel Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America No 2 Diesel Fuel Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America No 2 Diesel Fuel Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Marine
      10.4.3. Aviation
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America No 2 Diesel Fuel Market Size and Volume Forecast by Type
      10.7.1. High Sulfur diesel fuel (Above 500 ppm)
      10.7.2. Low Sulfur diesel Fuel (15 - 500 ppm)
      10.7.3. Ultra Low Sulfur diesel Fuel (Below 15 ppm)
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America No 2 Diesel Fuel Demand Share Forecast, 2019-2026

11. Europe No 2 Diesel Fuel Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe No 2 Diesel Fuel Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe No 2 Diesel Fuel Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Marine
      11.4.3. Aviation
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe No 2 Diesel Fuel Market Size and Volume Forecast by Type
      11.7.1. High Sulfur diesel fuel (Above 500 ppm)
      11.7.2. Low Sulfur diesel Fuel (15 - 500 ppm)
      11.7.3. Ultra Low Sulfur diesel Fuel (Below 15 pm)
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe No 2 Diesel Fuel Demand Share, 2019-2026

12. Asia Pacific No 2 Diesel Fuel Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific No 2 Diesel Fuel Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific No 2 Diesel Fuel Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Marine
      12.4.3. Aviation
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific No 2 Diesel Fuel Market Size and Volume Forecast by Type
      12.7.1. High Sulfur diesel fuel (Above 500 ppm)
      12.7.2. Low Sulfur diesel Fuel (15 - 500 ppm)
      12.7.3. Ultra Low Sulfur diesel Fuel (Below 15 ppm)
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific No 2 Diesel Fuel Demand Share, 2019-2026

13. Middle East & Africa No 2 Diesel Fuel Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa No 2 Diesel Fuel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa No 2 Diesel Fuel Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Marine
      13.4.3. Aviation
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa No 2 Diesel Fuel Market Size and Volume Forecast by Type
      13.7.1. High Sulfur diesel fuel (Above 500 ppm)
      13.7.2. Low Sulfur diesel Fuel (15 - 500 ppm)
      13.7.3. Ultra Low Sulfur diesel Fuel (Below 15 ppm)
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa No 2 Diesel Fuel Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global No 2 Diesel Fuel Market: Market Share Analysis
   14.2. No 2 Diesel Fuel Distributors and Customers
   14.3. No 2 Diesel Fuel Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. ExxonMobil Overview Financials Developments Strategic Outlook
      14.4.2. BP Overview Financials Developments Strategic Outlook
      14.4.3. Shell Overview Financials Developments Strategic Outlook
      14.4.4. Chevron Overview Financials Developments Strategic Outlook
      14.4.5. CEPSA Overview Financials Developments Strategic Outlook
      14.4.6. PetroChina Overview Financials Developments Strategic Outlook
      14.4.7. Sinopec Overview Financials Developments Strategic Outlook
      14.4.8. Petro-Canada Overview Financials Developments Strategic Outlook
      14.4.9. Eastman Overview Financials Developments Strategic Outlook
      14.4.10. Idemitsu Overview Financials Developments Strategic Outlook
      14.4.11. MORESCO Overview Financials Developments Strategic Outlook
      14.4.12. Wuhan Jiesheng Overview Financials Developments Strategic Outlook
      14.4.13. Sinopec Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
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