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Report
Global Diesel Fuel Market Report and Forecast 2024-2032
Market Report I 2024-05-01 I 190 Pages I EMR Inc.
Global Diesel Fuel Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global diesel fuel market size reached a value of USD 1095 billion in 2023. Aided by the growing demand stemming from the transportation and industrial sectors, the market is projected to further grow at a CAGR of 5.3% between 2024 and 2032 to reach a value of USD 1,754.47 billion by 2032.
Diesel fuel, often simply referred to as diesel, is a type of liquid fuel derived from crude oil through a refining process known as fractional distillation. It is primarily composed of hydrocarbons, specifically alkanes, cycloalkanes, and aromatic compounds, with carbon chains typically ranging from C10 to C22.
Several factors underpin the diesel fuel market growth. One of the primary drivers is the relentless demand from the transportation sector. Diesel engines, renowned for their fuel efficiency and torque, continue to dominate various modes of transportation, including heavy-duty trucks, locomotives, and marine vessels. The ever-expanding global trade network and burgeoning logistics sector further amplify the demand for diesel fuel, driving market growth.
As per the diesel fuel market analysis, diesel fuel remains an indispensable resource in the industrial landscape. From powering heavy machinery to serving as a backup generator in critical facilities, diesel plays a pivotal role in ensuring uninterrupted operations across diverse industrial verticals. The burgeoning industrialisation in emerging economies, coupled with infrastructural development projects, fuels the demand for diesel fuel, augmenting market expansion.
Despite its ubiquity, the diesel fuel market grapples with an evolving environmental and regulatory landscape. Stringent emissions norms and regulations imposed by regulatory bodies worldwide compel market players to invest in research and development activities aimed at enhancing fuel efficiency and reducing harmful emissions. The advent of cleaner-burning diesel engines and the proliferation of bio-diesel blends emerge as noteworthy trends, offering environmentally sustainable alternatives while addressing regulatory compliance.
As per the diesel fuel market outlook, the growing emphasis on sustainable energy solutions and the transition towards renewable energy sources pose a formidable challenge to the diesel fuel market. The rise of electric vehicles (EVs) and the gradual phasing out of diesel-powered vehicles in certain regions signal a paradigm shift in the transportation sector, posing a long-term threat to traditional diesel consumption.
Furthermore, the integration of digital technologies and IoT solutions in fuel management systems offers avenues for optimising fuel efficiency, reducing operational costs, and enhancing fleet performance. Real-time monitoring of fuel consumption, predictive maintenance, and route optimisation emerge as critical strategies for stakeholders to stay competitive in the dynamic market landscape.
Hydrogen blending in diesel fuel emerges as a promising strategy to reduce emissions and improve fuel efficiency in diesel engines, which can propel the overall diesel fuel market expansion. By blending hydrogen with diesel fuel, combustion efficiency is enhanced, resulting in lower emissions of pollutants such as nitrogen oxides (NOx) and particulate matter (PM). Moreover, hydrogen blending offers the potential for carbon-neutral combustion when produced from renewable sources through electrolysis.
Asia Pacific stands at the forefront of market expansion, driven by rapid urbanisation, industrialisation, and infrastructural development activities in countries such as China and India. The robust growth of the transportation and logistics sectors in the region further propels diesel consumption, making it a focal point for market players.
North America and Europe, despite witnessing a gradual transition towards alternative fuels, continue to command a significant diesel fuel market share. The presence of established automotive and manufacturing industries, coupled with the resilience of the transportation sector, sustains steady demand for diesel fuel in these regions. Moreover, regulatory initiatives aimed at promoting cleaner fuels and reducing emissions spur investments in fuel refining and emission control technologies.
Market Segmentation
The market can be divided based on product, application, end use, and region.
Market Breakup by Product
- Petroleum Diesel
- Synthetic Diesel
- Biodiesel
- Diethyl Ether
- Hydrogenated Oils and Fats
Market Breakup by Application
- Passenger Vehicles
- Commercial Vehicles
Market Breakup by End Use
- Marine Industry
- Transportation Industry
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global diesel fuel market. Some of the major players explored in the report by Expert Market Research are as follows:
- Shell Plc
- Saudi Arabian Oil Co.
- Petrochina Company Limited
- ExxonMobil Corporation
- BP Plc
- Chevron Corporation
- Reliance Industries Limited
- Marathon Petroleum Corporation
- Valero Energy Corp.
- Neste Oyj
- PJSC Lukoil
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Diesel Fuel Market Analysis
8.1 Key Industry Highlights
8.2 Global Diesel Fuel Historical Market (2018-2023)
8.3 Global Diesel Fuel Market Forecast (2024-2032)
8.4 Global Diesel Fuel Market by Product
8.4.1 Petroleum Diesel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Synthetic Diesel
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Biodiesel
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Diethyl Ether
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Hydrogenated Oils and Fats
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Diesel Fuel Market by Application
8.5.1 Passenger Vehicles
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial Vehicles
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Diesel Fuel Market by End Use
8.6.1 Marine Industry
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Transportation Industry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Diesel Fuel Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Diesel Fuel Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Diesel Fuel Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Diesel Fuel Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Diesel Fuel Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Diesel Fuel Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Shell Plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Saudi Arabian Oil Co.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Petrochina Company Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ExxonMobil Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BP Plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Chevron Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Reliance Industries Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Marathon Petroleum Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Valero Energy Corp.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Neste Oyj
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 PJSC Lukoil
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Diesel Fuel Market: Key Industry Highlights, 2018 and 2032
2. Global Diesel Fuel Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Diesel Fuel Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Diesel Fuel Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Diesel Fuel Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Diesel Fuel Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Diesel Fuel Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Diesel Fuel Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Diesel Fuel Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Diesel Fuel Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Diesel Fuel Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Diesel Fuel Market Structure
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