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Report Overview
The global diesel fuel market reached approximately USD 233.06 Billion in 2024. The market is projected to grow at a CAGR of 3.90% between 2025 and 2034, reaching a value of around USD 341.68 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Diesel-powered engines can offer an efficiency of around 40%.
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Diesel fuel offers better performance in mountainous terrain and under challenging atmospheric conditions compared to gasoline fuel.
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North American region is anticipated to witness robust growth in market due to presence of prominent market players.
Diesel Fuel Market Growth
Diesel fuel refers to a complex mixture produced through the fractional distillation of crude oil. The different characteristics of the fuel include sulphur content and low-temperature operability properties, among others. Diesel fuel releases more energy on combustion as compared to gasoline.
The increased adoption of personal vehicles with diesel engines owing to the relatively inexpensive nature of the fuel as opposed to others is aiding the diesel fuel market expansion. Additionally, diesel produces significantly more torque as compared to petrol, allowing diesel engines to carry heavy loads, bolstering their utilisation for commercial applications. The expansion of the construction and e-commerce sector is providing lucrative growth opportunities to the market. The growing demand for retail, housing, and commercial spaces and the increasing popularity of online shopping owing to the various advantages offered are boosting the requirement for reliable modes of transportation, supporting the growth of the market.
Laminated Veneer Lumber Market Report Snapshots
Diesel Fuel Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 233.06 Billion in 2024.
The market is projected to grow at a CAGR of 3.90% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 341.68 Billion by 2034.
The major market drivers include expansion of the construction and e-commerce sectors and increased adoption of personal vehicles with diesel engines owing to the relatively inexpensive nature of the fuel.
The key trends fuelling the growth of the market include rising investments towards the development of infrastructure for distribution of diesel fuel and growing preference for diesel fuel in freight and long-haul transportations.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant product types include petroleum diesel, synthetic diesel, biodiesel, diethyl ether, and hydrogenated oils and fats.
The major players in the market are 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, and PJSC Lukoil, among others.
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