No.2 Diesel Fuel Industry - Regional Synopsis
APAC Market Statistics
On the basis of geographical analysis, the global no.2 diesel fuel market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is poised to hold largest revenue share by 2036, ascribed to significant growth of the industrial sector in the region. In addition, increasing infrastructural developments, and rapid rate of urbanization are also predicted to propel APAC’s market growth in the coming years. As per the United Nations Economic and Social Commissions for Asia and the Pacific, it is calculated that urbanization rate in the entire region will reach 50 percent by the end of 2026. Moreover, the market in Europe is evaluated to occupy the largest share during the forecast period ascribing to stringent regulatory framework associated with fuel characteristics, and new refining projects in the region.
