The latest report published by IMARC Group, titled “Gasoline Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on global gasoline industry share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global gasoline market is expected to exhibit a growth rate (CAGR) of 1.5% during 2023-2028.
What are gasoline?
Gasoline is a widely used fossil fuel that powers internal combustion engines in vehicles. It is a volatile, highly flammable liquid derived from crude oil through a refining process. It comprises hydrocarbon compounds and is a complex mixture of various chemicals, including alkanes, cycloalkanes, and aromatic hydrocarbons. It is blended with various additives, such as antioxidants, lubricants, and anti-knock agents, to enhance its functionalities as a fuel. It is readily available across petroleum refineries, retail gasoline fueling stations, and blending facilities. It offers various advantages, such as an improved burning rate, less noise output, and high acceleration. It is commonly stored and distributed through an extensive infrastructure, including underground tanks, pipelines, and fuel stations.
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What are the growth prospects and trends in the gasoline industry?
The rising sales of automobile components are driving the global market. Moreover, changing consumer preferences, such as a shift towards more fuel-efficient vehicles or the adoption of alternative transportation modes, is catalyzing the market. Apart from this, continual advancements in engine technology, such as improved fuel efficiency, hybrid vehicles, and electric vehicles, are providing a boost to the market. Furthermore, the expansion and improvement of transportation infrastructure, including road networks and fuel distribution systems, is creating a positive market outlook. Other factors, such as rising trend of high-end sports cars and extensive research and development activities is influencing the market.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- BP plc
- Chevron Corporation
- Exxon Mobil
- Koch Industries Inc.
- Marathon Petroleum Corporation
- PBF Energy
- Reliance Industries Limited
- Saudi Arabian Oil Co.
Gasoline Market Segmentation:
Our report has categorized the market based on region, type and application.
Breakup by Type:
- Regular Gasoline
- Special Gasoline
Breakup by Application:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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