Press release
Crude Oil Market 2022 Strategic Assessments- Saudi Aramco, China National Petroleum Corporation, BP, Exxon Mobil, Total SA, Chevron
Global Crude Oil Market Size, Status and Forecast 2022-2028The report discusses many vital industry facets that influence global Crude Oil industry acutely which includes extensive study of competitive edge, latest industry advancements, region-wise industry environment, contemporary market and trends, top market contenders, and recent consumption tendency of the end user. The report also manages market size, market share, growth rate, revenue, and CAGR reported before along with its forecast estimation.
Crude Oil Market is likely to grow at a CAGR of 3.8% and is anticipated to reach around USD 220.8 Billion by 2028.
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The prominent players in the global Crude Oil Market are: Saudi Aramco, China National Petroleum Corporation, BP, Exxon Mobil, Total SA, Chevron Corporation, Lukoil, ONGC, Gazprom, Rosneft, Valero Energy, JX Holdings, Phillips 66, Marathon Petroleum, Petrobras, Pemex, Equinor, Kuwait Petroleum Corporation
Market Overview
The availability of abundant natural gas reserves and the lower cost in comparison to other fossil fuel types, among others, are expected to supplement the demand for natural gas from multiple end-use sectors, including power generation. This, in turn, is expected to boost the gas pipeline market during the forecast period.
Russia and Pakistan have agreed to build a new gas-carrying pipeline worth USD 2 billion. India and Russia also signed a deal worth USD 40 billion on natural gas exports to India. Such large-scale projects are expected to drive the pipeline industry to grow more, and this is expected to present an opportunity for the market players in the near future.
Asia-Pacific is expected to witness significant growth in the pipeline market due to the increasing demand for oil and gas from the major countries in the region. China and India have been the largest consumers of oil and gas in the Asia-Pacific region, and the pipeline network is growing at a significant pace in both countries.
Regional Assessment
Geographically, the global Crude Oil market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and others), Asia-Pacific (China, India, Japan, and others), and LAMEA (Latin America, Middle East, and Africa).
Market Segments by Types
Light Distillates
Light Oils
Medium Oils
Heavy Fuel Oil
Global Crude Oil market: Applications
Transportation Fuel
Ethylene
Acrylic
Butadiene
Benzene
Toluene
Others
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Research Methodology:
We follow a robust research methodology that includes data triangulation based on top-down, bottom-up approaches, and authentication of the estimated market numbers through primary research. The information used to estimate the Crude Oil market size and forecast for various segments at the global, regional, and country level is derived from the most reliable published sources and through interviews with the correct stakeholders.
Key Takeaways from Crude Oil Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Crude Oil market - key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance - Crude Oil market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to advance top-line revenues
─Appreciate the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a rapid outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Crude Oil
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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.
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