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A07342 | Pages: 310 | Charts: 57 | Tables: 111 |
The global auto gas market was valued at $51.9 billion in 2023, and is projected to reach $78.3 billion by 2033, growing at a CAGR of 4.2% from 2024 to 2033.
Market Introduction and Definition
Auto gas, commonly known as automotive gas or gasoline, is a volatile, flammable liquid used as a fuel in internal combustion engines. It is derived from crude oil through refining processes such as distillation and catalytic cracking. Auto gas primarily consists of hydrocarbons, including alkanes, cycloalkanes, and aromatic compounds. It is characterized by its high energy content, which provides efficient combustion and power generation in vehicles.
In addition, auto gas has a low boiling point, which contributes to its volatility and ease of vaporization. Its combustion produces a mixture of gases, including carbon dioxide and water vapor, and pollutants like carbon monoxide and nitrogen oxides. The properties of auto gas, such as its octane rating, influence engine performance and fuel efficiency, making it a critical component in modern transportation.
Key Takeaways
Key Market Segments
Key Market Players