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Oil Downstream Products Market In-Depth Analysis, Growth Strategies And Comprehensive Forecast To 2032
Oil Downstream Products Market
As per the oil downstream products market report by The Business Research Company, Disruption in the supply of oil in certain markets due to political instability and extremism was one of the major factors affecting the growth of global oil downstream activities market.
The global oil downstream products market grew from $2,876.28 billion in 2022 to $2,972.96 billion in 2023 at a compound annual growth rate (CAGR) of 3.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oil downstream products market is expected to grow to $3,313.63 billion in 2027 at a CAGR of 2.7%.
Read More On The Oil Downstream Products Market Report Here:
https://www.thebusinessresearchcompany.com/report/oil-downstream-products-global-market-report
Major competitors in the oil downstream products market include Royal Dutch Shell, BP plc, Exxon Mobil, Saudi Aramco, PJSC Lukoil, Chevron, Total SA, Marathon Petroleum Corporation, Valero Energy Corp, and Bharat Petroleum Corporation Limited.
The oil downstream products market is segmented -
• By Type: Refined Petroleum Products, Asphalt, Lubricating Oil And Grease
• By Fraction: Light Distillates, Middle Distillates, Heavy Oils
• By Application: Fuel, Chemical, Other Applications
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The oil downstream products are used for providing post extraction activities for crude oil and natural gas, including refined petroleum products manufacturing and asphalt, lubricating oil and grease manufacturing.
The Table Of Content For The Oil downstream products Market Include:
1. Executive Summary
2. Report Structure
3. Oil Downstream Products Market Characteristics
4. Oil Downstream Products Market Product Analysis
5. Oil Downstream Products Market Supply Chain
……
22. Key Mergers And Acquisitions In The Oil Downstream Products Market
23. Market Background: Oil And Gas Market
24. Recommendations
25. Appendix
The "Global Oil Downstream Products Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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