Press release
Diesel Market to Witness Robust Expansion by 2024– Top Key players like CNPC,Sinopec,TOTAL,Inc.
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Diesel oil, also called diesel fuel, combustible liquid used as fuel for diesel engines, ordinarily obtained from fractions of crude oil that are less volatile than the fractions used in gasoline. In diesel engines the fuel is ignited not by a spark, as in gasoline engines, but by the heat of air compressed in the cylinder, with the fuel injected in a spray into the hot compressed air. Diesel fuel releases more energy on combustion than equal volumes of gasoline, so diesel engines generally produce better fuel economy than gasoline engines. In addition, the production of diesel fuel requires fewer refining steps than gasoline, so retail prices of diesel fuel traditionally have been lower than those of gasoline (depending on the location, season, and taxes and regulations). On the other hand, diesel fuel, at least as traditionally formulated, produces greater quantities of certain air pollutants such as sulfur and solid carbon particulates, and the extra refining steps and emission-control mechanisms put into place to reduce those emissions can act to reduce the price advantages of diesel over gasoline. In addition, diesel fuel emits more carbon dioxide per unit than gasoline, offsetting some of its efficiency benefits with its greenhouse gas emissions.
Diesel fuel is a mixture of hydrocarbons obtained by distillation of crude oil. The important properties which are used to characterize diesel fuel include cetane number (or cetane index), fuel volatility, density, viscosity, cold behavior, and sulfur content. Diesel fuel specifications differ for various fuel grades and in different countries.
The Diesel is classified into the #1 diesel fuel, #2 diesel fuel and other according to the product type. As of 2018, #2 diesel fuel segments dominates the market contributing more than 64% of the total market share, reach to 722 million tons, while #1 diesel fuel is 260 million tons. Diesel is major applied in automotive, railway, marine others industry, in 2018, demand for automotive industry occupied the largest market, with 44.80% share, reach to 513.1 million tons, while Railway industry seen a faster growth in the last few years.
The global Diesel market is valued at 890.3 million US$ in 2018 is expected to reach 1019.9 million US$ by the end of 2025, growing at a CAGR of 2.0% during 2019-2025.
Market Segment by Manufacturers, this report covers
BP
Shell
CNPC
EXXON MOBIL
Sinopec
Indian Oil
TOTAL
Pertamina
Chevron
Petronas
Market Segment by Type, covers
#1 Diesel Fuel
#2 Diesel Fuel
Other
Market Segment by Applications, can be divided into
Automotive
Railway
Marine
Others
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Related Information:
North America Diesel Market Growth 2019-2024
United States Diesel Market Growth 2019-2024
Asia-Pacific Diesel Market Growth 2019-2024
Europe Diesel Market Growth 2019-2024
EMEA Diesel Market Growth 2019-2024
Global Diesel Market Growth 2019-2024
China Diesel Market Growth 2019-2024
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