Global Transportation Fuel Market to Grow at 1.62% CAGR Till 2022 Due to Rising Demand for Eco-Friendly Fuels
The global transportation fuel market in 2013 was estimated at 2,332.57 MTOE (Million Tons of Oil Equivalent). The global transportation fuel market will grow at a CAGR of 1.62% during the forecast period of 2014 to 2022 and by 2022, the market is expected to reach 2,698.36 MTOE.The global transportation fuel market is driven by the rising disposable incomes in emerging economies. Furthermore, the growth in passenger movement and trade activities is also fueling the global transportation fuel market. On...
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