How Diesel Fuel Market Will Dominate In Coming Years? Key Players: Chevron, BP, Conoco Phillips, Husky Energy, Saudi Aramco, ExxonMobil, Neste, Shell, LUKOIL, Eni, McDermott International Inc., Viru Keemia Grupp AS, JSC Mozyer Oil Renery, Reliance, Pertam

The global diesel fuel market is expected to gain impetus from the growth of on-road fleet of trucks, buses, and cars. This information is published in an upcoming report by Fortune Business Insights, titled, "Diesel Fuel Market Size, Share and Global Trend By End-Use (Cars, Trucks, Military Vehicles, Heavy Off-Road Vehicles, Ships, Generators, Others) and Geography Forecast till 2026." The report further states that the absence of power grid structure and increasing usage of electricity in various developing countries would propel the sales of diesel generators. It would, in turn, impact the diesel fuel market growth during the forecast period.

For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/diesel-fuel-market-101317

The report provides the diesel fuel market trends, growth drivers, obstacles, a Porter's five force analysis, and saving opportunities. It highlights a SWOT analysis and an overview of the key suppliers. Our team of skilled analysts gathers the highly accurate information on the bases of primary and secondary research tools and techniques.
Fortune Business Insights lists out some of the reputable organizations operating in the diesel fuel market. They are as follows:

o JSC Mozyer Oil Refinery
o Chevron
o Pertamina and Mangalore Refinery and Petrochemicals Limited
o BP
o Reliance
o Conoco Phillips
o ExxonMobil
o Eni
o Husky Energy
o Viru Keemia Grupp AS
o Saudi Aramco
o McDermott International Inc.
o Neste
o LUKOIL
o Shell

Key Market Driver - Growth of the transportation industry

Key Market Restraint - Increasing promotion and sales of electric vehicles

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Increasing Vehicle Capacity in the U.S. Army to Favor Growth in North America

The diesel fuel market is geographically segregated into North America, the Middle East and Africa, Europe, Latin America, and Asia Pacific. Amongst these regions, North America at present, holds maximum share in the military expenditure. It is mainly propelled by a rise in the vehicle capacity in the U.S. army. Also, sale of other vehicles is rising rapidly in this region. It would boost the diesel fuel market share of this region during the forthcoming years.

Europe, on the other hand, houses a growing and well-established manufacturing sector that is driven by steel, chemical, and other similar industries. It is increasing the rate of exports which, in turn, is leading to a steady growth of the transport sector. This would contribute to the market growth in this region. Asia Pacific would exhibit a notable growth in the upcoming years owing to a rise in the fleet of heavy vehicles as well as increasing sales of new vehicles. China is considered to be one of the largest exporters of various goods and it will also contribute to growth.
The Middle East and Africa are completely dependent upon the imports of numerous goods. It will fuel the market growth in this region. Water transport is the most convenient and economical mode of transportation here.

Reliance & Indian Government Focus on Joint Ventures & Scraping Old Laws to Expand Market
The market is highly fragmented with the presence of several small, medium, and large scale enterprises. These also include government agencies of numerous countries. They are aiming to increase the diesel fuel market share by joining hands with other companies or reforming the aging rules and regulations. Below are two of the most recent developments that have taken place in the industry:

August 2019: The Government of India is planning to upgrade the fuel market to enable foreign supermarket chains and energy mammoths, namely, Trafigura, Total, and Saudi Aramco to enter the profitable business. The oil ministry is creating a Cabinet proposal to eliminate the age-old law of curbing the license to market jet fuel, diesel, and petrol to organizations that have proposed to invest or have invested INR 2,000 crore in pipelines, terminals, refining, or exploration and production activities. From the period of 2018-2019, the demand for jet fuel, diesel, and petrol has grown by 9%, 3%, and 8%, respectively in India.

August 2019: Reliance Industries Limited (RIL), a multinational conglomerate company headquartered in Mumbai, announced that it will soon enter into a joint venture with BP plc, a renowned oil and gas company based in London. The main aim of the collaboration is to supply aviation fuel and run retail fuel stations. Reliance is expected to hold around 51% and BP will acquire the rest in the venture. The latter would take over RIL's pre-existing retail network of over 1,400 fuel outlets.

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Key Segmental Overview:
1. By End-User
o Cars
o Trucks
o Military Vehicles
o Heavy Off-Road Vehicles
o Ships
o Generators
o Others
2. By Geography
o North America (the USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico, and Rest of Latin America)
o Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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Major Table of Content For Diesel Fuel Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Naphtha Market Analysis, Insights and Forecast, 2026
6. North America Naphtha Market Analysis, Insights and Forecast, 2026
7. Europe Naphtha Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Naphtha Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Naphtha Market Analysis, Insights and Forecast, 2026
10. Latin America Naphtha Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion

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This release was published on openPR.