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The global market for gasoline is expected to grow at a CAGR of about 1.90% in the forecast period of 2022-2027, driven by the rising number of automobiles.
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.
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.
The significant applications of the market are:
The regional markets for gasoline can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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.
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:
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.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Gasoline Market Analysis
8.1 Key Industry Highlights
8.2 Global Gasoline Historical Market (2017-2021)
8.3 Global Gasoline Market Forecast (2022-2027)
8.4 Global Gasoline Market by Application
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.4.2 Power Generation
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.5 Global Gasoline Market by Region
8.5.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
18.104.22.168 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 PetroChina Company Limited
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.2 Valero Energy
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.3 Exxon Mobil Corporation
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.4 Chevron Corporation
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.5 PBF Energy
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.6 Saudi Aramco
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.7 Shell plc
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Gasoline Market: Key Industry Highlights, 2017 and 2027
2. Global Gasoline Historical Market: Breakup by Application (USD Million), 2017-2021
3. Global Gasoline Market Forecast: Breakup by Application (USD Million), 2022-2027
4. Global Gasoline Historical Market: Breakup by Region (USD Million), 2017-2021
5. Global Gasoline Market Forecast: Breakup by Region (USD Million), 2022-2027
6. North America Gasoline Historical Market: Breakup by Country (USD Million), 2017-2021
7. North America Gasoline Market Forecast: Breakup by Country (USD Million), 2022-2027
8. Europe Gasoline Historical Market: Breakup by Country (USD Million), 2017-2021
9. Europe Gasoline Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Asia Pacific Gasoline Historical Market: Breakup by Country (USD Million), 2017-2021
11. Asia Pacific Gasoline Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Latin America Gasoline Historical Market: Breakup by Country (USD Million), 2017-2021
13. Latin America Gasoline Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Middle East and Africa Gasoline Historical Market: Breakup by Country (USD Million), 2017-2021
15. Middle East and Africa Gasoline Market Forecast: Breakup by Country (USD Million), 2022-2027
16. North America Historical Price Trends and Forecast (2017-2027)
17. Europe Historical Price Trends and Forecast (2017-2027)
18. Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
19. Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
20. Middle East and Africa Historical Price Trend (2017-2021) and Forecast (2022-2027)
21. Global Gasoline Market Structure.
The global market for gasoline is projected to grow at a CAGR of 1.90% between 2022 and 2027.
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.
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 2022-2027.
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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