Global Off Road Fuels Market is projected to grow at a CAGR of 6.1% during the forecast period, to reach USD 11.42 billion by 2030 from an estimated USD 8.07 billion in 2018. The market is primarily driven by the increasing demand for green fuels and initiatives for carbon emissions reduction across countries worldwide, especially in Europe and China. The global off road fuel market has grown with an average growth rate of 4% over the past five years due to increased awareness on environmental protection among consumers and governments across the globe which has led to rapid growth in this sector.
The global off road fuels market has been segmented into four categories namely, red dyed off road fuels, blue dyed off road fuels, green dyed off road fuels and yellow dyed off road fuels based on color. Red-dyed fuel accounted for 38% share of the global market in 2018 while blue-dyed fuel accounted for 35%. Green-dyed fuel was used mainly as heating oil applications for agricultural purposes such as preparing fields before planting crops or drying them after rains or floods; while yellow-dyed fuel is used mainly as energy source during construction activities such as mixing concrete mixers or powering breakers during mining activities like coal mining. The market in Asia Pacific is estimated to grow at the highest CAGR of 7.2% during the forecast period, followed by Europe and North America which are projected to grow at a CAGR of 5.8% and 4.7%, respectively, during the forecast period.
The major players operating in this space include ExxonMobil Corporation (US), Total S.A., Royal Dutch Shell Plc., BP plc., Sinopec Group, LukOil Company Limited, Sasol Limited (South Africa), Valero Energy Corporation (US), Chevron Corporation (US), Bharat Petroleum Corporation Limited, Indian Oil Corporation Ltd, British Petroleum Company Ltd, ESSO Romania SRL and PKN Orlen SA.
Increasing demand for green fuels as a result of government regulations on carbon emissions is expected to drive the global off road fuel market during the forecast period. The European Union mandates that 5% of all vehicle fuels have to be renewable by 2020 while China imposes a 10% renewable energy requirement from their petrol suppliers. Moreover, due to decreasing oil reserves globally, governments are pushing for technologies such as biofuels which help in reducing dependence on fossil fuel sources while also providing an alternative means of energy generation.
Industry Growth Insights published a new data on “Off Road Fuels Market”. The research report is titled “Off Road Fuels Market research by Types (Red Dyed Off Road Fuels, Blue Dyed Off Road Fuels, Green Dyed Off Road Fuels, Orange Dyed Off Road Fuels, Yellow Dyed Off Road Fuels, Others), By Applications (Heating Oil, Farming, Construction, Mining, Trains, Logging, Others), By Players/Companies Petro Canada, Chevron, Marathon Petroleum, Exxon Mobil, Neste Oil, Lehigh Fuels, Whiteley Fuel Oil, Lion Oil, Mauger”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Off Road Fuels Market Research Report
By Type
Red Dyed Off Road Fuels, Blue Dyed Off Road Fuels, Green Dyed Off Road Fuels, Orange Dyed Off Road Fuels, Yellow Dyed Off Road Fuels, Others
By Application
Heating Oil, Farming, Construction, Mining, Trains, Logging, Others
By Companies
Petro Canada, Chevron, Marathon Petroleum, Exxon Mobil, Neste Oil, Lehigh Fuels, Whiteley Fuel Oil, Lion Oil, Mauger
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Off Road Fuels Market Report Segments:
The global Off Road Fuels market is segmented on the basis of:
Types
Red Dyed Off Road Fuels, Blue Dyed Off Road Fuels, Green Dyed Off Road Fuels, Orange Dyed Off Road Fuels, Yellow Dyed Off Road Fuels, Others
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
Heating Oil, Farming, Construction, Mining, Trains, Logging, 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:
- Petro Canada
- Chevron
- Marathon Petroleum
- Exxon Mobil
- Neste Oil
- Lehigh Fuels
- Whiteley Fuel Oil
- Lion Oil
- Mauger
Highlights of The Off Road 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:
- Red Dyed Off Road Fuels
- Blue Dyed Off Road Fuels
- Green Dyed Off Road Fuels
- Orange Dyed Off Road Fuels
- Yellow Dyed Off Road Fuels
- Others
- By Application:
- Heating Oil
- Farming
- Construction
- Mining
- Trains
- Logging
- Others
- 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 Off Road 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.
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- Correctly Positioning New Products
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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?
Off Road Fuels is a company that manufactures and sells fuels for off-road vehicles.
Some of the major companies in the off road fuels market are Petro Canada, Chevron, Marathon Petroleum, Exxon Mobil, Neste Oil, Lehigh Fuels, Whiteley Fuel Oil, Lion Oil, Mauger.
The off road fuels market is expected to register a CAGR of 6.1%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Off Road Fuels 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. Off Road Fuels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Off Road Fuels Market - Supply Chain
4.5. Global Off Road Fuels Market Forecast
4.5.1. Off Road Fuels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Off Road Fuels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Off Road Fuels Market Absolute $ Opportunity
5. Global Off Road Fuels 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. Off Road Fuels Market Size and Volume Forecast by Type
5.3.1. Red Dyed Off Road Fuels
5.3.2. Blue Dyed Off Road Fuels
5.3.3. Green Dyed Off Road Fuels
5.3.4. Orange Dyed Off Road Fuels
5.3.5. Yellow Dyed Off Road Fuels
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Off Road Fuels 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. Off Road Fuels Market Size and Volume Forecast by Application
6.3.1. Heating Oil
6.3.2. Farming
6.3.3. Construction
6.3.4. Mining
6.3.5. Trains
6.3.6. Logging
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Off Road Fuels 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. Off Road Fuels 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 Off Road Fuels 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. Off Road Fuels 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 Off Road Fuels Demand Share Forecast, 2019-2026
9. North America Off Road Fuels 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 Off Road Fuels 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 Off Road Fuels Market Size and Volume Forecast by Application
9.4.1. Heating Oil
9.4.2. Farming
9.4.3. Construction
9.4.4. Mining
9.4.5. Trains
9.4.6. Logging
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Off Road Fuels Market Size and Volume Forecast by Type
9.7.1. Red Dyed Off Road Fuels
9.7.2. Blue Dyed Off Road Fuels
9.7.3. Green Dyed Off Road Fuels
9.7.4. Orange Dyed Off Road Fuels
9.7.5. Yellow Dyed Off Road Fuels
9.7.6. Others
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 Off Road Fuels Demand Share Forecast, 2019-2026
10. Latin America Off Road Fuels 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 Off Road Fuels 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 Off Road Fuels Market Size and Volume Forecast by Application
10.4.1. Heating Oil
10.4.2. Farming
10.4.3. Construction
10.4.4. Mining
10.4.5. Trains
10.4.6. Logging
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Off Road Fuels Market Size and Volume Forecast by Type
10.7.1. Red Dyed Off Road Fuels
10.7.2. Blue Dyed Off Road Fuels
10.7.3. Green Dyed Off Road Fuels
10.7.4. Orange Dyed Off Road Fuels
10.7.5. Yellow Dyed Off Road Fuels
10.7.6. Others
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 Off Road Fuels Demand Share Forecast, 2019-2026
11. Europe Off Road Fuels 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 Off Road Fuels 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 Off Road Fuels Market Size and Volume Forecast by Application
11.4.1. Heating Oil
11.4.2. Farming
11.4.3. Construction
11.4.4. Mining
11.4.5. Trains
11.4.6. Logging
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Off Road Fuels Market Size and Volume Forecast by Type
11.7.1. Red Dyed Off Road Fuels
11.7.2. Blue Dyed Off Road Fuels
11.7.3. Green Dyed Off Road Fuels
11.7.4. Orange Dyed Off Road Fuels
11.7.5. Yellow Dyed Off Road Fuels
11.7.6. Others
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 Off Road Fuels Demand Share, 2019-2026
12. Asia Pacific Off Road Fuels 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 Off Road Fuels 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 Off Road Fuels Market Size and Volume Forecast by Application
12.4.1. Heating Oil
12.4.2. Farming
12.4.3. Construction
12.4.4. Mining
12.4.5. Trains
12.4.6. Logging
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Off Road Fuels Market Size and Volume Forecast by Type
12.7.1. Red Dyed Off Road Fuels
12.7.2. Blue Dyed Off Road Fuels
12.7.3. Green Dyed Off Road Fuels
12.7.4. Orange Dyed Off Road Fuels
12.7.5. Yellow Dyed Off Road Fuels
12.7.6. Others
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 Off Road Fuels Demand Share, 2019-2026
13. Middle East & Africa Off Road Fuels 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 Off Road Fuels 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 Off Road Fuels Market Size and Volume Forecast by Application
13.4.1. Heating Oil
13.4.2. Farming
13.4.3. Construction
13.4.4. Mining
13.4.5. Trains
13.4.6. Logging
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Off Road Fuels Market Size and Volume Forecast by Type
13.7.1. Red Dyed Off Road Fuels
13.7.2. Blue Dyed Off Road Fuels
13.7.3. Green Dyed Off Road Fuels
13.7.4. Orange Dyed Off Road Fuels
13.7.5. Yellow Dyed Off Road Fuels
13.7.6. Others
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 Off Road Fuels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Off Road Fuels Market: Market Share Analysis
14.2. Off Road Fuels Distributors and Customers
14.3. Off Road Fuels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Petro Canada
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chevron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Marathon Petroleum
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Exxon Mobil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Neste Oil
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lehigh Fuels
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Whiteley Fuel Oil
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lion Oil
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mauger
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. D
