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Global Gasoline Market: By Application: Transportation, Power Generation, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Gasoline Market Outlook
The global market for gasoline is expected to grow at a CAGR of about 1.90% in the forecast period of 2023-2028, driven by the rising number of automobiles.
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North America and Asia Pacific to be Significant Regional Markets for Gasoline
North America is one of the largest gasoline consumers all over the world. The transportation and power generation industries rely heavily on gasoline. As a result, the region has become dominant in the global market. The rise in construction activities and considerable increases in non-residential construction investment reflect the region's growing need for gasoline generators. Due to significant car ownership and lower efficiency criteria than developing countries and European customers, the United States is the leading market for gasoline. Gasoline is more volatile than kerosene, jet fuel (naphtha), diesel, or heating oil with many ingredients and additives. The rise in oil production, particularly in Canada and the United States, is another factor that has contributed to the growth of this region in the gasoline as fuel market. In the United States, gasoline is the most widely used transportation fuel. In 2020, finished motor gasoline accounted for 62 percent of total transportation energy use in the United States.
The Asia Pacific region is projected to observe significant growth during the forecast period of 2022 to 2027 in the gasoline market due to increased research and development activities. The increased usage of gasoline products in dry-cleaning operations is expected to fuel the region's market expansion in the future years. One of the primary factors propelling the gasoline demand in the Asia Pacific Market is the rapid expansion in the number of gasoline-powered automobiles in India and China.
Market Segmentations
A crude oil/petroleum by-product is referred to as gasoline or petroleum. It is generated for the duration of the fractional distillation system and contains many additives for use as a passenger vehicle fuel, including ethanol. Across the world, gasoline is utilised as a motor fuel, and it is one of the most extensively used items in all countries.
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The significant applications of the market are:
- Transportation
- Power Generation
- Others
The regional markets for gasoline can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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The Rise in the Number of Automobiles Augmenting the Market Growth
The rise in automobiles and the easy availability of gasoline are the significant factors driving the global gasoline market. Gasoline is used as fuel for vehicles like cars, motorcycles, light trucks, and boats, among others, across the globe. It is one of the top products which is consumed heavily worldwide. The number of gasoline-run vehicles globally drives the market growth. The growing sales of automobiles and the increasing demand for high-velocity cars are further anticipated to propel the market growth of gasoline. Technological components, several initiatives by the government, and an expanding number of research and development activities are expected to accelerate the growth of the market. Also, the rising modernisation of manufacturing processes and an increase in demand from developing nations are expected to give additional prospects for the market to grow in the coming years. Additionally, increasing standard of living, rapid industrialisation, and urbanisation are further propelling the growth of the global market.
Key Players in the Global Market for Gasoline
The report gives a detailed analysis of the following key players in the global gasoline market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- PetroChina Company Limited
- Valero Energy
- Exxon Mobil Corporation
- Chevron Corporation
- PBF Energy
- Saudi Aramco
- Shell plc
- Others
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Price Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Region
7 Opportunities and Challenges in the Market
8 Global Gasoline Market Analysis
8.1 Key Industry Highlights
8.2 Global Gasoline Historical Market (2018-2022)
8.3 Global Gasoline Market Forecast (2023-2028)
8.4 Global Gasoline Market by Application
8.4.1 Transportation
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Power Generation
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Gasoline Market by Region
8.5.1 North America
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
9 North America Gasoline Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Gasoline Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Gasoline Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Gasoline Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Gasoline Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 PetroChina Company Limited
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Valero Energy
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Exxon Mobil Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Chevron Corporation
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 PBF Energy
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Saudi Aramco
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Shell plc
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Gasoline Market: Key Industry Highlights, 2018 and 2028
2. Global Gasoline Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Gasoline Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Gasoline Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Gasoline Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Gasoline Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Gasoline Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Gasoline Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Gasoline Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Gasoline Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Gasoline Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Gasoline Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Gasoline Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Gasoline Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Gasoline Market Forecast: Breakup by Country (USD Million), 2023-2028
16. North America Historical Price Trends and Forecast (2018-2028)
17. Europe Historical Price Trends and Forecast (2018-2028)
18. Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
19. Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
20. Middle East and Africa Historical Price Trend (2018-2022) and Forecast (2023-2028)
21. Global Gasoline Market Structure.
Key Questions Answered in the Report
The global market for gasoline is projected to grow at a CAGR of 1.90% between 2023 and 2028.
The major drivers of the market include the rise in oil production, increase in research and development activities, rising population, increasing demand for high-velocity cars, growing modernisation of manufacturing processes, increasing standard of living and urbanisation.
The rise in the number of automobiles and rapid industrialisation are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant applications of the market are transportation and power generation, among others.
The major players in the industry are PetroChina Company Limited, Valero Energy, Exxon Mobil Corporation, Chevron Corporation, PBF Energy, Saudi Aramco, and Shell plc, among others.
Analyst Review
The global gasoline market was driven by the rise in the number of automobiles in the historical period. Aided by the rising population and rapid industrialisation, the market is expected to grow at a CAGR of 1.90% in the forecast period of 2023-2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The significant applications of the market are transportation and power generation, among others. The major regional markets for gasoline are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are PetroChina Company Limited, Valero Energy, Exxon Mobil Corporation, Chevron Corporation, PBF Energy, Saudi Aramco, and Shell plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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