Global Refined Petroleum Products Market Research Report published by market insight reports explores the current outlook in global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the global market, and divides the Market into several parameters.
This Refined Petroleum Products Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the global market for approaching years from 2019 to 2030. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.
The global refined petroleum products market is expected to decline from $2518.8 billion in 2019 to $1427.8 billion in 2020 at a compound annual growth rate (CAGR) of -43.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $1676.9 billion in 2023.
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Market Overview: –
Asia Pacific was the largest region in the global refined petroleum products market, accounting for 29% of the market in 2019. Western Europe was the second largest region accounting for 16% of the global refined petroleum products market. South America was the smallest region in the global refined petroleum products market.
To reduce the pollution levels, companies have started adopting the gas to liquid technology which produces high quality petroleum products. The gas to liquid technology is the conversion of natural gas to high quality liquid products such as transportation fuels, motor oils, naphtha, diesel and waxes. This technology uses natural gas as a substitute to crude oil as gas is considered to be the cleanest burning fossil fuel and is abundant, versatile and easily affordable. The by- products obtained by using the GTL technology are colorless, odorless and contain negligent amounts of impurities. Shell, Chevron and PetroSA have adopted this technology to produce transportation fuels, oils and by products to produce plastics, detergents and cosmetics.
The refined petroleum products market consists of sales of refined petroleum products by entities (organizations, sole traders or partnerships) that convert crude petroleum to refined petroleum products such as gasoline, naphtha, diesel fuel and liquefied petroleum gas and then sell these refined products. Petroleum refineries are large industrial complexes with extensive pipeline networks carrying crude oil and refined petroleum products between sub processing units. Revenues in this market represent the value of the different refined petroleum products.
Market Scope: –
1) By Type: Diesel; Gasoline; Fuel Oil; Kerosene; Others – Refined Petroleum Products
2) By Fraction: Light Distillates; Middle Distillates; Heavy Oils
3) By Refinery Type: Integrated Refined Petroleum Product; Non-Integrated Refined Petroleum Product
4) By Application: Fuel; Chemical; Others
Companies Mentioned: Royal Dutch Shell; Exxon Mobil Corporation; Sinopec Limited; BP Plc; Chevron
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, Refined Petroleum Products indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Browse in-depth and report summary TOC on “Refined Petroleum Products Market” : –
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Refined Petroleum Products Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Refined Petroleum Products Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Finally, the Refined Petroleum Products market report offers a complete and detailed study of global Refined Petroleum Products market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.
Note: – All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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