Latest News: Road Transportation Fuel Market 2024-2028: APAC Driving Market Growth and Trends

The road transportation fuel market size by End-user (Gasoline, Diesel, Biofuels, and Natural gas) and Geography (APAC, North America, Europe, Middle East and Africa, and South America), is forecast to increase by USD 219.5 billion. The market is expected to grow at a CAGR of 2.12% between 2024 and 2028.

• In the dynamic and volatile oil and gas market, crude oil prices are subject to significant fluctuations due to various supply-side and demand-side factors. These factors include organizational influences, production costs, and geopolitical risks. For instance, oversupply from major oil-producing nations or weakened demand resulting from decreased consumption can cause a steep decline in oil prices. These price swings can significantly impact the investment cycle within the oil and gas industry.
• The road transportation fuel market is experiencing significant growth, driven by increasing demand for efficient and cost-effective fuel solutions. Key companies in this sector are focusing on innovation and sustainability, with biofuels and alternative fuels gaining traction. Government regulations and initiatives are also supporting the shift towards cleaner fuels, making this an exciting and dynamic market for businesses involved in fuel production and distribution.

To know which are the key countries participating in each region access the full PDF sample report

Some of the Key Companies:

• Acciona SA
• Avril SCA
• Bharat Petroleum Corp. Ltd.
• BP Plc
• Chevron Corp.
• China Petrochemical Corp.
• Chubb Ltd.
• CNG Fuels Ltd.
• Dangote Industries Ltd.
• Eni SpA
• Equinor ASA
• Exxon Mobil Corp.
• Green Plains Inc.
• Hindustan Petroleum Corp. Ltd.
• Indian Oil Corp. Ltd.
• Kuwait National Petroleum Co.
• PJSC LUKOIL
• Reliance Industries Ltd.
• Shell plc
• TotalEnergies SE

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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