PUBLISHER: TechNavio | PRODUCT CODE: 1697345
PUBLISHER: TechNavio | PRODUCT CODE: 1697345
The oil and gas downstream market is forecasted to grow by USD 140.6 bn during 2024-2029, accelerating at a CAGR of 2.1% during the forecast period. The report on the oil and gas downstream market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising global energy demand, expansion of downstream infrastructure, and integration of refining and petrochemicals into oil and gas sector.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 2.1% |
CAGR | 2.1% |
Incremental Value | $140.6 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's oil and gas downstream market is segmented as below:
By Type
By Application
By Geographical Landscape
This study identifies the rising adoption of digitalization and automation as one of the prime reasons driving the oil and gas downstream market growth during the next few years. Also, focus on energy transition and sustainability in energy sector and rising investment in refining capacity upgrades will lead to sizable demand in the market.
The report on the oil and gas downstream market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil and gas downstream market vendors that include Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China National Petroleum Corp., Emirates National Oil Co. Ltd. LLC., ENEOS Holdings Inc., Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Indian Oil Corp. Ltd., Kuwait Petroleum Corp., Marathon Petroleum Corp., Nayara Energy Ltd., Phillips 66 Co., Reliance Industries Ltd., Rosneft Oil Co., Saudi Arabian Oil Co., Shell plc, The Dow Chemical Co., TotalEnergies SE, and Valero Energy Corp.. Also, the oil and gas downstream market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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