The latest report on Transportation Fuel Market by Infinium Global Research gives complete coverage of the Transportation Fuel Market by types (gasoline, jet fuel, fuel oil, CNG, diesel), region (North America, Europe, Asia-Pacific) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Transportation Fuel such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The Rising Demand for Low Emissions Transportation Fuels Such as Bioethanol, Biodiesel, Natural Gas, and Electricity is Anticipated to Boost the Growth of Transportation Fuel
Transportation fuel is the energy source derived from synthetic fuels, petroleum, and biomass that provides the power for various means of transport. The transportation accounts for the major consumption of energy in terms of fuel. The majority of transportation fuels are derived from petroleum that includes Gasoline/Petrol, Diesel, LPG (Liquefied Petroleum Gas), Marine fuel and Jet fuel. Biofuels and the Synthetic fuels are also used as a transportation fuel in that the ethanol and biodiesel are the biofuels and the fuel made from the different feedstock, converting biomass to liquid, coal to liquid, or gas to liquid are used as transportation fuel.
The factors such as increased disposable income, growing sales of passenger cars, and rapidly growing industrialization drive the growth of the transportation fuel market worldwide. The growing infrastructure development and industrialization lead to the high demand for transportation fuel for commercial vehicles. The rising demand for low emissions transportation fuels such as bioethanol, Biodiesel, natural gas, and electricity is anticipated to boost the growth of transportation fuel.
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Demand For Fuel for Commercial Vehicles are Some of the Major Factors Driving the Growth of Transportation Fuel
However, 80% of transportation fuels are made up of petroleum that emits harmful chemicals when it burns. The transportation fuel emission is one of the major factors for air pollution. Environment-related issues of burning transportation fuel are hampering the growth of the transportation fuel market. Moreover, the adoption of bio-based, clean and eco-friendly fuels are used to provide the power to various means of transport that is expected to create several opportunities for the transportation fuel market in the upcoming years.
Geographically, the Asia Pacific region is dominating as well as the fastest growing region in the transportation fuel market. The increasing population, consumer’s expenditure in the automotive sectors, the demand for fuel for commercial vehicles are some of the major factors driving the growth of transportation fuel in the Asia Pacific region.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Transportation Fuel.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.