The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased car demand is likely to promote innovation in petrol manufacture, propelling the market during the forecast period.

The global gasoline market is expected to grow from $125.94 billion in 2022 to $128.21 billion in 2023 at a compound annual growth rate (CAGR) of 1.80%. The global gasoline market size is expected to reach $136.81 billion in 2027 at a CAGR of 1.64%.

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Global Gasoline Market Segments Include:

• By Type: Regular Gasoline, Special Gasoline
• By Application: Transporation, Small Aircrafts, Electricity Generators, Recreational Vehicles, Other Applications
• By End-User: Transporation, Power Generation, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global gasoline market in 2021.

Major Market Players in the gasoline market include Exxon Mobil Corporation, Shell plc, Chevron Corporation., PBF Energy Inc., Reliance Industries Limited, PetroChina Company Limited, Saudi Arabian Oil Co., China National Petroleum Corporation.

Product innovations are a crucial trend that is gaining traction in the petrol market. Companies in this industry are introducing new product advancements in order to maintain their market position. For example, Renewable Energy Group Inc., a biobased diesel producer based in the United States, announced the debut of its fuel solutions under the EnDura Fuels brand in March 2022. This product launch complements Renewable Energy Group’s ongoing initiatives to aid the transportation sector. These advances help transportation, rail, maritime, aviation, and other industries achieve their sustainability goals by using cleaner-burning, lower-emission fuels.

The Gasoline Global Market Report 2023  provides a gasoline market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The gasoline market forecast analyzes gasoline market size, gasoline market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Petrol is a type of fuel made from crude oil and other petroleum liquids. It is mostly used in devices with internal combustion engines.

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