Gasoline Market Report, Global Trends, Business Strategies and Opportunities 2022-2027

The latest report published by IMARC Group, titled “Gasoline Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on gasoline market overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global gasoline market is expected to exhibit a CAGR of 1.60% during 2022-2027.

Gasoline represents a petroleum by-product that is composed of a mixture of aromatic hydrocarbons and liquid aliphatic. It is characterized by high flammability, a translucent color, and a signature gassy odor. Gasoline is primarily obtained during oil refining, involving isomerization, fractional distillation, and aromatization of crude petroleum. Its high combustion energy makes it a vital transportation fuel for spark-ignited propeller aircraft, recreational vehicles, internal combustion engines, and maritime vessels. Gasoline is often blended with additives, such as lubricants, antioxidants, and anti-knock agents, to improve its functionalities as a fuel. As a result, it provides various benefits, including enhanced burning rate, high acceleration, and less noise output, owing to which it is extensively utilized as a motor fuel. Gasoline is widely available across petroleum refineries, blending facilities, and retail fueling stations.

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Market Trends:

The escalating demand for efficient motor fuels across the globe, owing to the rising sales of automobiles and the proliferating transportation mediums, is among the primary factors driving the gasoline market. Besides this, the increasing modernization in petroleum production and its utilization in several appliances, such as landscaping equipment, portable generators, power tools, and machinery, is further augmenting the market growth. Moreover, the elevating requirement for gasoline in power plants for various industrial applications and energy generation is also catalyzing the global market. Apart from this, the inflating disposable income levels of the masses, the growing production of automobile parts, the expanding aviation industry, the widespread penetration of high-end sports cars, and the extensive research and development (R&D) activities by the leading players are anticipated to propel the gasoline market over the forecasted period. 

The global market is majorly driven by the augmenting sales of automobiles and automobile components. This can be attributed to the rapid improvements in the urban transportation system, along with the escalating demand for high velocity cars. In line with this, the introduction of a wide range of transportation mediums and the widespread product availability across numerous gas stations are propelling the market. Additionally, the increasing modernization of the automotive production technologies is providing an impetus to the market. The market is further fueled by the rapid product utilization in electrical generators with enhanced portability for backup power generation.

Furthermore, the introduction of renewable biogasoline variants is also creating a positive outlook for the market. Some of the other factors contributing to the market include the widespread adoption of gasoline products in dry-cleaning, the growing usage of small aircraft and private planes, the escalating demand for efficient motor fuels, and extensive research and development (R&D) activities.

Competitive Landscape:

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
  • CNPC
  • Exxon Mobil
  • Koch Industries Inc.
  • Lukoil
  • Marathon Petroleum Corporation
  • PBF Energy
  • Petrobras
  • Reliance Industries Limited
  • Saudi Arabian Oil Co.
  • Valero

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:

  • Motorcycle
  • Automobile
  • Others

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 (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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