MARKET OVERVIEW
Gasoline is a major transportation fuel for automobiles and is rivaled in its use in internal combustion engines (ICE) only by diesel fuel, which predominates in automotive vehicles in the commercial sector. Gasoline is also used as an aviation fuel for propeller aircraft. Recreational vehicles and some maritime vessels also use gasoline. Rising population particularly, the rise in the number of automobiles and easy availability of gasoline are some of the major factors driving gasoline as a fuel market. However, the use of alternative clean sources of energy to reduce carbon emissions is likely to restrain the growth of the market.
MARKET SCOPE
The "Global Gasoline Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the gasoline market with detailed market segmentation by type, application, and geography. The global gasoline market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading gasoline market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-The global gasoline market is segmented on the basis of type, material, and product design.
-On the basis of type, the gasoline market is segmented into regular gasoline, and special gasoline.
-The gasoline market on the basis of the application is classified into motorcycle, automobile, and others.
MARKET DYNAMICS
Drivers
-Increase in the automobile products.
-Increase in the research and development.
Restraints
-On the other hand, the increase in the prices of gasoline products in comparison to its other subsidiaries is further projected to impede the growth of the gasoline market in the targeted period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The gasoline oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the gasoline oil market in these regions.
IMPACT OF COVID-19 ON GASOLINE MARKET
The ongoing COVID-19 pandemic is expected to have a moderate impact on the global gasoline market. As onshore tanks and storage alternatives in several major nations, including the U.S. and India are nearly full, market players are increasingly eyeing opportunities in these regions to cater to the demand for new gasoline alternatives. Traders and refiners are increasingly exploring new alternatives such as floating storage to fulfil the growing demand for gasoline alternatives. As the lockdown restrictions around the world continue to ease out, the supply chain across the gasoline market is showing signs of recovery.
MARKET PLAYERS
The report covers key developments in the gasoline oil market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from gasoline oilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for gasoline market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Gasoline market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Saudi Arabian Oil Co.
-Exxon Mobil Corporation
-China National Petroleum Corporation
-BP plc
-Shell plc
-PDVSA - Petróleos de Venezuela, SA.
-Gazprom
-Chevron Corporation.
-Kuwait Petroleum Corporation (KPC)
-Petrobras.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.