The Global Refined Petroleum Products Market Report by The Business Research Company covers refined petroleum products market drivers and restraints, refined petroleum products market size, major players, and the impact of COVID-19 on the refined petroleum products market.
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. The refined petroleum products market is segmented into diesel, gasoline, fuel oil, kerosene and other refined petroleum products.
Refineries are increasingly adopting Carbon Capture and Storage techniques to reduce CO2 emission levels in the atmosphere. This technique involves trapping of CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured.
The global refined petroleum products market is expected to grow from $1787.99 billion in 2020 to $2226.49 billion in 2021 at a compound annual growth rate (CAGR) of 24.5%. The growth 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 market is expected to reach $2744.63 billion in 2025 at a CAGR of 5%.
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Some refined petroleum products market trends include companies 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. This technology uses natural gas as a substitute to crude oil as gas is considered to be the cleanest burning fossil fuel and is abundant, versatile and easily affordable. The by- products obtained by using the GTL technology are colorless, odorless and contain negligent amounts of impurities.
Global refined petroleum products market segments include:
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
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global refined petroleum products market share.
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The Refined Petroleum Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides refined petroleum products market overviews, analyzes and forecasts market size, share, refined petroleum products market players, refined petroleum products market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The refined petroleum products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Refined Petroleum Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Royal Dutch Shell, Exxon Mobil Corporation, Sinopec Limited, BP Plc, Chevron.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The refined petroleum products Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The refined petroleum products Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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