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Oil And Gas Market Size, Growth, Forecast 2023-2032 ( By Type, By Drilling Type, By Application)
The Business Research Company's latest "Global Oil And Gas Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry
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The global oil and gas market is valued at $6,747.2 billion in 2022, having increased at a compound annual growth rate (CAGR) of 5.9% since 2017. The market is expected to grow from $6,747.2 billion in 2022 to $8,883.6 billion in 2027 at a rate of 5.7%. The market is then expected to grow at a CAGR of 4.5% from 2027 and reach $11,046.3 billion in 2032.
The oil and gas industry refers to extraction, exploration and production of petroleum and natural gas from reservoirs. Oil and gas are fossil fuels, formed underground over millions of years from the remains of plants and animals.
Focusing on emission reduction solutions is a key trend gaining traction in the oil and gas market. Companies operating in the oil and gas market are focused on improving the efficiency of oil and gas operations, minimizing waste, and reducing emissions. For instance, in June 2023, Clariant AG, a Switzerland-based specialty chemical company engaged in oil services, unveiled PHASETREAT WET, an advanced solution that revolutionizes the demulsification process in the oil and gas sector for enhanced sustainability. Utilizing cutting-edge nanoemulsion technology, PHASETREAT WET assists clients in significantly reducing carbon emissions. This innovative solution decreases the requirement for demulsifier doses by as much as 75% compared to existing methods, optimizing both onshore and offshore operations. Phasetreat Wet is an integral component of Clariant Oil Services' D3 Program, a comprehensive sustainability initiative featuring a range of successful Clariant products.
Oil And Gas Market Segmentation:
By Type
The oil and gas market is segmented by type into
a) Oil And Gas Upstream Activities
b) Oil Downstream Products
By Drilling Type
The oil and gas market is segmented by drilling type into
a) Offshore
b) Onshore
By Application
The oil and gas market is segmented by application into
a) Residential
b) Commercial
c) Industrial
d) Other Applications
Some of the key players involved in the Oil And Gas market are Sinopec (China Petroleum & Chemical Corporation),Saudi Aramco, Exxon Mobil, Chevron, Total SA
The regions covered in the global Oil And Gas market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A Few Points From The Table Of Content
1. Oil And Gas Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction to the Oil And Gas market
……
20. Company Profiles
21. Key Mergers And Acquisitions
22. Oil And Gas Market Opportunities And Strategies
23. Oil And Gas Market, Conclusions And Recommendations
25. Appendix
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