This report titled “Gas Oil Market - Growth, Future Prospects, and Competitive Analysis, 2021 – 2030” offers strategic insights into the trends in gas oil market along with the market size and forecast for the duration 2021 to 2030. The said research study incorporates in-depth analysis of multiple market segments based on grade and geographical distribution.

The global gas oil market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America and Asia Pacific.

Based on grade, the global gas oil market is categorized into Euro II grade, Euro III & Euro IV grade and Euro V & above grade. In addition, crude oil producing companies, refining companies and academic organizations form the major client types for gas oil market. Market size (Mn Tons) (US$ Bn) and forecast for all the considered segmentation is presented in this report for the period 2019-2029 along with their respective CAGRs (%) for the forecast period 2021-2030.

For the purpose of this study, the global gas oil market is categorized into:

• Euro II Grade
• Euro III & Euro IV Grade
• Euro V & Above Grade

By Grade, Euro III & Euro IV segment is projected to be the largest segment in global gas oil market during the forecast period. The growth of the segment is attributed to compliance of Euro III & Euro IV standard specifications in key consuming economies such as China, India, U.S., Japan and other economies of Middle East & Eastern Europe. Moreover, Euro II compliant economies are planning to comply Euro III & Euro IV standards. Thus, the segment is expected to witness moderate growth over the forecast period (2021-2030). Euro V & above segment is anticipated to be the fastest growing segment owing increasing inclination towards compliance of Euro V & above standards with the focus to reduce emission of greenhouse gases. For instance, by 2020, India planned to comply Euro VI standards directly. Similarly, in Jan 2016, China sets the target to comply Euro V standards across the country by Jan, 2017. The segment is projected to witness high growth over the forecast period (2021-2030).

Asia Pacific is projected to be the largest region in global gas oil market during the forecast period. Growing demand of gas oil due to growth in number of automobiles coupled with increasing demand from other means of transport such as marine, railway. Growing international trade from the region especially in China, India, Japan and South Korea is anticipated to drive the growth during the forecast period (2021-2030). Followed by it, North America is expected to be the second largest and fastest growing market in global gas oil market. U.S. is the largest consumer in the region and Canada is projected to witness robust growth during the forecast period (2021-2030). Growth in number of vehicle and growing trade from the region is projected to drive the demand for gas oil in the region during the forecast period. Other regions such as MEA, LATAM & Europe are also projected to witness moderate growth in consumption of gas oil over the forecast period (2021-2030).

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Gas Oil market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Gas Oil market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Gas Oil market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Gas Oil market?
• Which is the largest regional market for Gas Oil market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Gas Oil market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Gas Oil market worldwide?