Press release
Refined Petroleum Products Market Likely To Experience Substantial Growth In The Forecast Period | Royal Dutch Shell, BP plc, Exxon Mobil, PJSC Lukoil
Refined Petroleum Products Market
The regions covered in the refined petroleum products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest refined petroleum products market share.
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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.
Key competitors in the refined petroleum products market include Royal Dutch Shell, BP plc, Exxon Mobil, PJSC Lukoil, Chevron, Total SA, Marathon Petroleum Corporation, Valero Energy Corp, Saudi Aramco, and Bharat Petroleum Corporation Limited.
The global refined petroleum products market size is expected to grow from $2,311.84 billion in 2021 to $2,614.48 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The refined petroleum product market is expected to reach $4,171.34 billion in 2026 at a CAGR of 12.4%.
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TBRC's report segments the global refined petroleum products market:
1) By Type: Diesel, Gasoline, Fuel Oil, Kerosene, Other 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
Read Further On The Refined Petroleum Products Market Here:
https://www.thebusinessresearchcompany.com/report/refined-petroleum-products-global-market-report
The Table of Contents includes:
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
.....
22. Market Background: Oil Downstream Activities Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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