Oil and Gas Downstream Market Share Worldwide Industry Growth, Technological Growth, Opportunity and Precise Outlook 2025

Oil and Gas Downstream Market - Growth, Trends And Forecast (2020 - 2025)

Oil and Gas Downstream market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.

As of 2018, the global oil refining capacity was approximately 100.05 million barrels per day. The global oil & gas downstream market is expected to grow at a CAGR of more than 4% during thr forecast period.   

The Oil and Gas Downstream market is highly competitive and consists of a number of major players. Top Companies like  Reliance Industry Limited, BP PLC, Saudi Aramco, China National Petroleum Corporation, and Chevron Corporation. among others.

Click the link to get a free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/04061950367/oil-gas-downstream-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=70   

Scope of the Report

Refinery segment is expected to dominate the market during the forecast period. Digitalization and modernization of the refining and petrochemical sector is expected to reduce the refining costs and process losses. This, in turn, is expected to create an opportunity for the market during the forecast period.

Key Market Trends

Refineries to Dominate the Market

- The global energy demand is anticipated to grow by 50-60%, in the next two decades. This growth in demand can be attributed to the growing world population and an improvement in living standards in the developing countries. Even though new and renewable energy sources are gaining popularity around the world, the petroleum fuel remains a major energy source, globally. This trend is expected to continue for the next few decades and benefit all the sectors of the petroleum industry.
- Further, increasing industrial activity and economic growth are likely to support the refining industry. In the developed countries, such as the United States, Brazil, the demand for diesel and other distillate is expected to be robust in the coming years. This demand growth can be attributed to the strong refinery industry in these countries.
- For instancee, in 2019, Brazils semi-public oil company Petrobras is planing to increase the refinery capacity of Abreu e Lima Refinery (RNEST). The refinery is being planned to have a processing capacity of 230,000 barrels per day. The plant will feature two refining trains with a capacity of 115,000 b/d each.
- Hence, the refining industry is anticipated to recover over the next five years as fuel prices rise and consumption increases. Thus, the refinery industry is expected to be major factor for the growth of the downstream market during the forecast peiod.

(Special Offer: Get flat 15% discount on this report)

Inquire for Discount:     

https://www.marketinsightsreports.com/reports/04061950367/oil-gas-downstream-market-growth-trends-and-forecast-2020-2025/discount?Mode=70     

Asia-Pacific to Dominate the Market

- Asia-Pacific has dominated the oil & gas downstream market in 2018 and is expected to continue its dominance in the coming years as well. In 2018, Asia-Pacific accounted for almost 35% of the global refining capacity.
- As of 2018, India accounted for almost 5% of global oil refinery capacity. The growing demand for refined petroleum products has driven the downstream companies to invest in new projects and expansion of existing facilities.
- Indian Oil Corp. and Hindustan Petroleum have allocated CAPEX for refinery expansion projects in Gujarat and Mumbai, respectively, in their FY18-19 budgets. Both the projects are expected to come online in 2021 and 2022.
- Further, the Indian petrochemicals industry is expected to witness increasing emphasis on investment in petrochemical hubs. The government is planning to set up petrochemical complexes all around the 22 refineries in the country. Clustering is expected to reduce operational costs and involve brownfield and greenfield development.
- As of 2018, China accounted for 15.6% of global oil refining capacity. The country's petrochemical and refinery sector is expected to be on the positive side during the forecast period.
- In October 2019, China National Chemical Engineering Group Corporation has signed an agreement worth around EUR 12 billion with Russia's RusGasDobycha in Chengdu, Southwest China's Sichuan province. This project is expected to be the biggest ethylene integration project in the world.
- Hence, the region is expected to dominate the oil & gas downstream market during the forecast period owing to the increasing investment in refining and petrochemical sector coupled with the expansion of existing downstream infrastructure in respective countries.

Browse the Full report description and TOC at:

https://www.marketinsightsreports.com/reports/04061950367/oil-gas-downstream-market-growth-trends-and-forecast-2020-2025?Mode=70      

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Oil and Gas Downstream Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Media Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.