The global gasoline market is expected to exhibit a CAGR of 1.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Gasoline is a petroleum by-product that is composed of a mixture of liquid aliphatic and aromatic hydrocarbons. Gasoline is characterized by a translucent color, high flammability, and a signature gassy odor. It is primarily obtained during petroleum refining, involving fractional distillation, isomerization, and aromatization of crude petroleum oil. Its high combustion energy makes it an ideal transportation fuel for spark-ignited internal combustion engines, propeller aircraft, recreational vehicles, and maritime vessels. Besides this, it is often blended with additives, such as antioxidants, lubricants, and anti-knock agents, to enhance its functionalities as a fuel. Gasoline provides some major benefits, such as improved burning rate, high acceleration and less noise output, due to which it is extensively utilized as a motor fuel across the globe. It is readily available across petroleum refineries, blending facilities, and retail gasoline fueling stations.
Gasoline Market Trends:
The market is primarily driven by the rising need for efficient motor fuels across the globe. This can be attributed to the increasing sales of automobiles and the proliferating transportation mediums. The growing modernization in gasoline production, along with its rapid utilization in a number of appliances, including portable generators, landscaping equipment, and power tools and machinery, is also creating a positive market outlook. In addition to this, the escalating demand for gasoline in power plants for various industrial applications and power generation is providing an impetus to the market growth. The market is further driven by the easy product availability across numerous gas stations. Some of the other factors that are contributing to the market include the inflating disposable income levels of the masses, a significant rise in the production of automobile parts, considerable growth in the aviation industry, the widespread penetration of high-end sports cars, and extensive research and development (R&D) activities conducted by key players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global gasoline market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and application.
Breakup by Type:
- Regular Gasoline
- Special Gasoline
Breakup by Application:
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being BP plc, Chevron Corporation, CNPC, Exxon Mobil, Koch Industries Inc., Lukoil, Marathon Petroleum Corporation, PBF Energy, Petrobras, Reliance Industries Limited, Saudi Arabian Oil Co. and Valero.
|Base Year of the Analysis
| Historical Period
||Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||BP plc, Chevron Corporation, CNPC, Exxon Mobil, Koch Industries Inc., Lukoil, Marathon Petroleum Corporation, PBF Energy, Petrobras, Reliance Industries Limited, Saudi Arabian Oil Co. and Valero.
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Key Questions Answered in This Report:
- How has the global gasoline market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global gasoline market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global gasoline market and who are the key players?
- What is the degree of competition in the industry?