Refined Petroleum Products Market Research, Current And Future Growth Prospects To 2023: Covid 19 Impact And Recovery
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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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.
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.
Refined Petroleum Products Market Segmentation: -
3. Fuel Oil
5. Others - Refined Petroleum Products
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Refined Petroleum Products Market Characteristics
4. Refined Petroleum Products Market Product Analysis
5. Refined Petroleum Products Market Supply Chain
19. Refined Petroleum Products Market Competitive Landscape
20. Key Mergers And Acquisitions In The Refined Petroleum Products Market
21. Market Background: Oil Downstream Activities Market
The report covers the trends and market dynamics of the refined petroleum products 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 refined petroleum products market are Royal Dutch Shell; Exxon Mobil Corporation; Sinopec Limited; BP Plc; Chevron
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