Kerosene Market Trends, Review, and Forecast 2023-2030

The global kerosene market is anticipated to witness a revenue compound annual growth rate (CAGR) of 4.9% from 2022 to 2030. A key catalyst for this growth is the increasing demand for kerosene, particularly in developing nations. Additionally, the upsurge in crude oil prices and the expansion of the industrial sector are significant contributors expected to propel market revenue during the forecast period. Another driving force for revenue growth is the widespread application of kerosene in wick-fed lamps, offering a flame that is both smokeless and odorless.

Nevertheless, the potential toxicity of kerosene and its associated impact on human health may pose constraints on market revenue growth to some extent. Another noteworthy factor limiting revenue growth is the ready availability of substitutes such as LED lights and solar power. Furthermore, the implementation of stringent environmental regulations regarding the use of kerosene represents an additional challenge that could impede the market’s revenue growth.

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Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.

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Moreover, the report provides insight into how the Kerosene market will develop between 2023 and 2030. Companies operating in the Kerosene market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Kerosene market is expected to undergo significant changes that will highly configure its growth.

Furthermore, the report highlights the growth prospects of the Kerosene market and estimates market progress in terms of value (USD million) and volume (thousand units).

Key players operating in the global kerosene market include

Royal Dutch Shell plc, Exxon Mobil Corporation, Chevron Corporation, Total SA, China National Petroleum Corporation, Bharat Petroleum Corporation Limited, ConocoPhillips, FINA Petrochemicals Company, and Gazprom Neft PJSC.

Type Outlook (Revenue, USD Million; 2019-2030)

  • Aviation kerosene
  • Non-aviation kerosene

Application Outlook (Revenue, USD Million; 2019-2030)

  • Aviation
  • Residential
  • Commercial
  • Transportation
  • Industrial

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Key Questions Answered in This report on the Kerosene Market

The report provides detailed information about the Kerosene market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Kerosene market, so as to help them formulate successful strategies and take target-driven decisions.

  • How are key market players successfully earning revenue from the advantages of the product?
  • What will be the Y-o-Y growth of the Kerosene market between 2023 and 2030?
  • What are the winning imperatives of market frontrunners in the Kerosene market?
  • Which end-user is expected to undertake maximum adoption of the product during the forecast period?

Research Methodology: Kerosene Market

The research methodology adopted by analysts to compile the Kerosene market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Kerosene market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Kerosene market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Kerosene market.

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