Transportation Fuel Market to Expand at a Modest CAGR of 1.62% Between 2014 - 2022
Transportation fuels are energy sources that power various means of transport and include those derived from petroleum, biomass, and synthetic fuels. Transportation fuels are consumed by various modes of transportation i.e. road, rail, air and water. Demand for different types of transportation fuel depends upon the mode of transportation. Diesel and gasoline account for the major share of the overall transportation fuel consumed by road transport. Aviation turbine fuel (ATF) is the most preferable fuel by the aviation industry. Similarly,...
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