디젤 연료 시장 예측(-2030년) : 제품별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Diesel Fuel Market is accounted for $239.06 billion in 2023 and is expected to reach $358.51 billion by 2030 growing at a CAGR of 6.0% during the forecast period. Diesel fuel, also called diesel oil, is a liquid fuel refined from crude oil and has better usable energy than gasoline. Diesel fuel is produced from animal fat, natural gas, and coal liquefaction techniques. It is composed of a mixture of hydrocarbons that are obtained from petroleum, such as biodiesel, biomass to liquid, or gas to liquid diesel. Diesel fuel is commonly used in diesel engines, which are widely employed in various applications, including transportation, industrial machinery, power generation, and agriculture.

According to the US Energy Information Administration, the three US refineries produced approximately 1.75 billion barrels (73.46 billion gallons) of ULSD.

Market Dynamics:

Driver:

Rising industrialization and urbanization

As countries undergo industrialization, there is an increased demand for diesel fuel to power machinery and equipment in sectors such as manufacturing, construction, and mining. Additionally, urbanisation leads to the expansion of transportation networks, including roads, railways, and ports, which rely heavily on diesel-powered vehicles and equipment for the movement of goods and people. Moreover, urban areas require diesel for power generation, backup generators, and heating systems. The combined effect of industrialization and urbanisation drives up demand for diesel fuel, thereby accelerating market growth.

Restraint:

Rise of alternative fuels

Diesel's reign faces a green challenge! The focus is shifting to the growing popularity of alternative fuels, including electric alternatives, synthetic diesel, and biodiesel. These competitors may displace diesel because of their cleaner burning and fewer emissions. As technology advances and costs decrease, diesel continues to struggle to stay competitive. The market for diesel fuel is being severely impacted by this move towards greener alternatives, which is pushing the industry to adapt and develop in order to remain competitive in the future.

Opportunity:

Increased efficiency

Advancements in diesel engine technology, such as improved fuel injection systems and combustion processes, enhance fuel economy and reduce emissions. This translates to lower operating costs for consumers and businesses while reducing the environmental footprint of diesel-powered vehicles and equipment. Moreover, efficiency improvements strengthen the competitiveness of diesel-powered vehicles and equipment in the market, positioning diesel fuel as a viable and sustainable energy option for transportation, industry, and power generation applications.

Threat:

Stringent environmental regulations

Regulations targeting air pollution and greenhouse gas emissions impose costly requirements on diesel fuel producers and users, potentially making diesel less competitive compared to cleaner alternatives. Mandates such as emission standards for vehicles and equipment, low sulphur content regulations and carbon pricing mechanisms raise operating expenses and deter investment in diesel technologies. This threatens market stability and growth by reducing consumer confidence in diesel fuel and encouraging the adoption of alternative fuels.

Covid-19 Impact

With global lockdowns and travel restrictions, demand for diesel plummeted, particularly in transportation and industrial sectors. Due to reduced economic activity and slowdowns in manufacturing further suppressed demand. However, as restrictions eased, demand began to recover, driven by resuming economic activities and increased freight transportation. Fluctuations in oil prices, supply chain disruptions, and shifts towards remote work also influenced market dynamics.

The petroleum diesel segment is expected to be the largest during the forecast period

The petroleum diesel segment is estimated to hold the largest share. Petroleum diesel is derived from crude oil and powers machines, buses, trucks, and other vehicles while achieving great fuel economy and drawing criticism for its emissions. For heavy-duty applications, petroleum diesel is still necessary, even as greener alternatives like biodiesel and synthetic diesel gain popularity. Furthermore, petroleum diesel offers high energy density and is relatively affordable, making it a preferred choice for many consumers and industries.

The marine industry segment is expected to have the highest CAGR during the forecast period

The marine industry segment is anticipated to have lucrative growth during the forecast period. The marine industry relies heavily on diesel fuel for propulsion and power generation in vessels of various sizes, including cargo ships, cruise liners, fishing boats, and offshore platforms. Diesel fuel's high energy density, stability, and availability make it a preferred choice for marine applications, offering efficient and reliable performance over long distances and in demanding marine environments.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period. The region contains a large and growing population, along with increasing urbanization. It enhances the need for both personal and commercial transportation. Thereby, the region's transportation industry is growing, and diesel fuel is widely used in automobiles, trucks, buses, and motorbikes, which is contributing to the market's expansion. Moreover, the industrial, construction, mining, and agricultural sectors in Asia-Pacific are diversified. Diesel fuel is a major source of power for generators, machinery, and other equipment in these industries, driving market growth.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period due to the growing usage of modern technologies and the presence of major players in this region. Diesel fuel is the primary fuel source for heavy-duty vehicles, which play a significant part in North American freight transportation. Moreover, the demand for diesel fuel is rising in developing nations due to increased urbanisation and industrialization. As these economies expand, the need for diesel fuel in the region is strengthened by an increase in transportation, power generation, and building activities.

Key players in the market

Some of the key players in the Diesel Fuel Market include Denso, MAHLE, Bosch, Fredenberg, Universe Filter, YBM, Baowang, Phoenix, ALCO Filters, TOYOTA BOSHOKU, Chevron Corporation, Shell Plc, Reliance Industries Ltd, BP plc, ALCO Filters, SK Energy Co. Ltd., Universe Filter, Petrobras, Indian Oil Corporation and TotalEnergies.

Key Developments:

In November 2023, Petrobras establishes a partnership for renewable diesel supply to SIM Distributor. The contract stipulates that Petrobras will deliver the fuel to SIM in Araucaria (PR), where the Presidente Vargas Refinery (Repar), which produces Diesel R, is located.

In October 2023, Petrobras partners with mining firm Vale to accelerate development of low-carbon solutions in Brazil. The partnership is for a two-year period and will assess joint decarbonisation opportunities, including the development of sustainable fuels-such as hydrogen, green methanol, biobunkers, green ammonia and renewable diesel-and CO2 capture and storage technologies.

Products Covered:

• Petroleum Diesel
• Hydrogenated Oils and Fats
• Diethyl Ether
• Synthetic Diesel
• Biodiesel

Applications Covered:

• Commercial Vehicles
• Passenger Vehicles

End Users Covered:

• Marine Industry
• Transportation Industry
• Others End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Diesel Fuel Market, By Product

• 5.1 Introduction
• 5.2 Petroleum Diesel
• 5.3 Hydrogenated Oils and Fats
• 5.4 Diethyl Ether
• 5.5 Synthetic Diesel
• 5.6 Biodiesel

6 Global Diesel Fuel Market, By Application

• 6.1 Introduction
• 6.2 Commercial Vehicles
• 6.3 Passenger Vehicles

7 Global Diesel Fuel Market, By End User

• 7.1 Introduction
• 7.2 Marine Industry
• 7.3 Transportation Industry
• 7.4 Others End Users

8 Global Diesel Fuel Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Denso
• 10.2 MAHLE
• 10.3 Bosch
• 10.4 Fredenberg
• 10.5 Universe Filter
• 10.6 YBM
• 10.7 Baowang
• 10.8 Phoenix
• 10.9 ALCO Filters
• 10.10 TOYOTA BOSHOKU
• 10.11 Chevron Corporation
• 10.12 Shell Plc
• 10.13 Reliance Industries Ltd
• 10.14 BP plc
• 10.15 ALCO Filters
• 10.16 SK Energy Co. Ltd.
• 10.17 Universe Filter
• 10.18 Petrobras
• 10.19 Indian Oil Corporation
• 10.20 TotalEnergies