Press release
Oil Downstream Activities Market Future Business Development Strategies And Growth Scenario Analysis
The global oil downstream activities market is expected to decline from $2856.8 billion in 2019 to $1623.6 billion in 2020 at a compound annual growth rate (CAGR) of -43.2%. 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 $1926.4 billion in 2023.
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The oil downstream activities market consists of sales of the post extraction activities for crude oil and natural gas by entities (organizations, sole traders or partnerships) that provide post extraction activities for crude oil and natural gas, including refined petroleum products manufacturing and asphalt, lubricating oil and grease manufacturing.
Refineries are increasingly adopting carbon capture and storage techniques to reduce CO2 emission levels in the atmosphere. This technique involves trapping of CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured. This way CO2 is isolated from the atmosphere, thereby reducing emission levels.
Oil Downstream Activities Market Segmentation:-
By Type
1. Refined Petroleum Products Manufacturing
2. Asphalt, Lubricating Oil And Grease Manufacturing
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Oil Downstream Activities Market Characteristics
4. Oil Downstream Activities Market Product Analysis
5. Oil Downstream Activities Market Supply Chain
............
20. Oil Downstream Activities Market Competitive Landscape
21. Key Mergers And Acquisitions In The Oil Downstream Activities Market
22. Market Background: Oil And Gas Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the oil downstream activities market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the oil downstream activities market are Royal Dutch Shell; Exxon Mobil Corporation; China Petroleum & Chemical Corporation; BP Plc; Chevron
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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