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Global Diesel Fuel Market Size, Share, Trends, Analysis: By Product: Petroleum Diesel, Synthetic Diesel, Biodiesel, Diethyl Ether, Hydrogenated Oils and Fats; By Application: Passenger Vehicles, Commercial Vehicles; By End Use: Marine Industry, Transportation Industry, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Diesel Fuel Market Outlook
The global diesel fuel market size reached approximately USD 233.06 billion in 2023. The market is further projected to grow at a CAGR of 3.9% between 2024 and 2032, reaching a value of USD 330.09 billion by 2032.
Key Trends in the Market
Diesel fuel refers to a complex mixture produced through the fractional distillation of crude oil. The different characteristics of the fuel include sulphur content and low temperature operability properties, among others. Diesel fuel releases more energy on combustion as compared to gasoline.
- The increased adoption of personal vehicles with diesel engines owing to the relatively inexpensive nature of the fuel as opposed to others is aiding the diesel fuel market growth. Additionally, diesel produces significantly more torque as compared to petrol, allowing diesel engines to carry heavy loads, bolstering their utilisation for commercial applications.
- The rising investments towards the development of infrastructure for distribution of diesel fuel is supporting the market expansion. The increased utilisation of diesel fuel can also be attributed to the ability of vehicles operating using diesel to cover long distances without requiring frequent refuelling.
- The expansion of the construction and e-commerce sector is providing lucrative growth opportunities to the market. The growing demand for retail, housing, and commercial spaces and increasing popularity of online shopping owing to the various advantages offered are boosting the requirement for reliable modes of transportation, supporting the growth of the market.
Global Diesel Fuel Market Analysis
On the basis of product, the market is divided into petroleum diesel, synthetic diesel, biodiesel, diethyl ether, and hydrogenated oils and fats. Based on application, the market is bifurcated into passenger vehicles and commercial vehicles.
On the basis of end use, the market is classified into marine industry and transportation industry, among others. Based on region, the diesel fuel market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Shell Plc
- Saudi Arabian Oil Co.
- Petrochina Company Limited
- ExxonMobil Corporation
- BP Plc
- Chevron Corporation
- Reliance Industries Limited
- Marathon Petroleum Corporation
- Valero Energy Corp.
- Neste Oyj
- PJSC Lukoil
- Others
Market Share by End Use
Transportation industry is expected to account for a significant diesel fuel market share over the forecast period. This growth can be attributed to the increasing preference for diesel fuel in freight and long-haul transportations owing to its range and energy density. The utilisation of diesel fuel by the transportation industry is also increasing due to the comparatively lower requirements for refuelling. The rise in on-road fleet of buses, trucks, and cars is further bolstering the requirement for diesel fuel.
Market Share by Region
North America holds a significant share of the market owing to the increasing investments by the regional governments towards the strengthening their military. The strong presence of various key market players including Chevron Corporation and Marathon Petroleum Corporation, among others is further aiding the market growth in the region.
On the other hand, the Asia Pacific is anticipated to witness significant growth over the forecast period owing to the rising requirement from agriculture, construction, mining, and manufacturing sectors in the region. The expansion of the transportation sector due to rapid population growth is also bolstering the diesel fuel market demand.
Competitive Landscape
Chevron Corporation, headquartered in California, United States, specialises in motor and jet fuel, liquified natural gas, energy efficiency solutions, diesel fuel, renewable fuels, and additives and petrochemicals, among others.
Reliance Industries Limited, headquartered in Maharashtra, India, specialises in petroleum refining, hydrocarbon production and exploration, telecommunication, and retail, among others. As an organisation, Reliance has adopted the ethos of turning adversity into opportunity.
Marathon Petroleum Corporation, headquartered in Ohio, United States, is one of the leading petroleum transportation, refining, and marketing companies. Marathon is dedicated towards fostering solution oriented and constructive dialogues to provide high quality products to their customers.
Other diesel fuel market key players include Shell Plc, Saudi Arabian Oil Co., Petrochina Company Limited, ExxonMobil Corporation, BP Plc, Valero Energy Corp., Neste Oyj, and PJSC Lukoil, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Diesel Fuel Market Analysis
8.1 Key Industry Highlights
8.2 Global Diesel Fuel Historical Market (2018-2023)
8.3 Global Diesel Fuel Market Forecast (2024-2032)
8.4 Global Diesel Fuel Market by Product
8.4.1 Petroleum Diesel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Synthetic Diesel
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Biodiesel
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Diethyl Ether
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Hydrogenated Oils and Fats
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Diesel Fuel Market by Application
8.5.1 Passenger Vehicles
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial Vehicles
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Diesel Fuel Market by End Use
8.6.1 Marine Industry
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Transportation Industry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Diesel Fuel Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Diesel Fuel Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Diesel Fuel Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Diesel Fuel Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Diesel Fuel Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Diesel Fuel Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Shell Plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Saudi Arabian Oil Co.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Petrochina Company Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ExxonMobil Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BP Plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Chevron Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Reliance Industries Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Marathon Petroleum Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Valero Energy Corp.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Neste Oyj
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 PJSC Lukoil
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Diesel Fuel Market: Key Industry Highlights, 2018 and 2032
2. Global Diesel Fuel Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Diesel Fuel Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Diesel Fuel Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Diesel Fuel Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Diesel Fuel Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Diesel Fuel Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Diesel Fuel Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Diesel Fuel Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Diesel Fuel Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 233.06 billion in 2023.
The market is projected to grow at a CAGR of 3.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 330.09 billion by 2032.
The major market drivers include expansion of the construction and e-commerce sectors and increased adoption of personal vehicles with diesel engines owing to the relatively inexpensive nature of the fuel.
The key trends fuelling the growth of the market include rising investments towards the development of infrastructure for distribution of diesel fuel and growing preference for diesel fuel in freight and long-haul transportations.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant product types include petroleum diesel, synthetic diesel, biodiesel, diethyl ether, and hydrogenated oils and fats.
The key players in the market are Shell Plc, Saudi Arabian Oil Co., Petrochina Company Limited, ExxonMobil Corporation, BP Plc, Chevron Corporation, Reliance Industries Limited, Marathon Petroleum Corporation, Valero Energy Corp., Neste Oyj, and PJSC Lukoil, among others.
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