The
global transportation fuel market in 2013 was estimated at 2,332.57
MTOE (Million Tons of Oil Equivalent). The global transportation fuel
market will grow at a CAGR of 1.62% during the forecast period of
2014 to 2022 and by 2022, the market is expected to reach 2,698.36
MTOE.The global transportation fuel market is driven by the rising
disposable incomes in emerging economies. Furthermore, the growth in
passenger movement and trade activities is also fueling the global
transportation fuel market. On the other hand, the improving fuel
economy of vehicles will restrain the market.
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Transportation Fuel Market Report with Full TOC at
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By
type, the global transportation fuel market is segmented into
gasoline, aviation turbine fuel (ATF), diesel, and others. Over 90%
of the demand from the global transportation fuel market is fulfilled
by fuels derived from crude oil distillation. These include diesel,
gasoline, bunker fuel, and aviation turbine fuel. The rising
greenhouse gas emissions from vehicles that are powered by crude
oil-based fuels and shrinking oil reserves have compelled several
nations to adopt eco-friendly and biobased fuels.
Gasoline
led the global transportation fuel market in 2013. Gasoline accounted
for more than 40% of the global transportation fuel market in 2013.
On the other hand, the rising fuel economy of modern vehicles is
projected to suppress the demand for gasoline during the forecast
period. Government policies that mandate the mixing of ethanol with
gasoline further suppress the demand for gasoline. In 2013, diesel
accounted for the second largest share in the global transportation
fuel market.By geography, the global transportation fuel market is
divided into North America, Europe, Asia Pacific, and Rest of the
World. In 2013, the global transportation fuel market was dominated
by North America. This region held more than 30% of the market. On
the other hand, Asia Pacific is expected to lead the global
transportation fuel market by the end of the forecast period. The
factors driving the Asia Pacific transportation fuel market are
increasing industrialization and growing population.
On
the other hand, Europe is expected to be the least attractive segment
of the global transportation fuel market in terms of consumption.
Environmental regulations in Europe to enhance fuel economy are
restraining the consumption of transportation fuels in this regional
market. Consumers in the European transportation fuel market are more
inclined towards using renewable energy to reduce harmful carbon
emissions. Furthermore, several countries in this region have
established a network to elevate the use of vehicles that rely on
natural gas.
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Players
in the global transportation fuel market will benefit from the
accelerating demand for biofuels and eco-friendly fuels. Some of the
top players in the global transportation fuel market are Valero
Energy, Total, Sinopec, Philips, Royal Dutch Shell, PetroChina,
ExxonMobil, Essar, Chevron, and BP. Business overview, market size,
market share, and recent developments of these companies is available
in the report.
The
transportation fuel market has been segmented as follows:
Global
Transportation Fuel Market: Type Analysis
- Gasoline
- Diesel
- Aviation Turbine Fuel (ATF)
- Others
Global
Transportation Fuel Market: Regional Analysis
Browse
Press Release Of Transportation Fuel Market
http://www.transparencymarketresearch.com/pressrelease/transportation-fuel-market.htm
North
America
- U.S.
- Canada
Europe
- Germany
- Italy
- France
- U.K.
- Rest of Europe
Asia
Pacific
- China
- India
- Japan
- Rest of Asia Pacific
Rest
of the World (RoW)
- Brazil
- South Africa
- Rest of Latin America
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
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