No.2 Diesel Fuel Market Size

No.2 Diesel Fuel Market size is anticipated to witness lucrative growth rate during the forecast period i.e., between 2024-2036. The growth of the market can be attributed to the growing awareness regarding the usage of high-performance fuels, and rising per capita spending across the world. Along with these, increasing population of automobiles on the roads globally, and substantial progress of transportation industry, specifically in developed and developing regions are also expected to boost the market growth in the upcoming years. According to the International Organization of Motor Vehicle Manufacturers, about 91.786 million automobiles were produced in the year 2019, out of which around 67.149 million units were cars and 24.637 million units were commercial vehicles. Furthermore, escalating demand for portable power engines, and surge in utilization of fuel additives for enhancing fuel performance are projected to offer profitable opportunities for market growth in the near future.