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Oil & Gas
Power & Energy
Petroleum is the term constituting naturally occurring unprocessed crude oils and petroleum products that are made up of refined crude oil. Crude oil is refined and separated, most easily on the basis of boiling point, and is converted into large number of consumer products such as petrol (or gasoline) and kerosene to asphalt and chemical reagents used to make plastics and pharmaceuticals.
Moreover, crude oils are refined and separated into mixture, which is further converted to simpler fractions to be further utilized as fuels, lubricants, and even as intermediate feedstock to the petrochemical industries.
Market Analysis and Insights: Global Crude Oil Market
In 2020, the global Crude Oil market size was US$ 2806.9 million and it is expected to reach US$ 3289.9 million by the end of 2027, with a CAGR of 2.3% between 2021 and 2027
Global Crude Oil Scope and Market Size
The global Crude Oil market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Crude Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
Segment by Type
Light Distillates
Light Oils
Medium Oils
Heavy Fuel Oil
Segment by Application
Transportation Fuel
Ethylene
Acrylic
Butadiene
Benzene
Toluene
Others
By Company
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
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Moreover, crude oils are refined and separated into mixture, which is further converted to simpler fractions to be further utilized as fuels, lubricants, and even as intermediate feedstock to the petrochemical industries.
Market Analysis and Insights: Global Crude Oil Market
In 2020, the global Crude Oil market size was US$ 2806.9 million and it is expected to reach US$ 3289.9 million by the end of 2027, with a CAGR of 2.3% between 2021 and 2027
Global Crude Oil Scope and Market Size
The global Crude Oil market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Crude Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
Segment by Type
Light Distillates
Light Oils
Medium Oils
Heavy Fuel Oil
Segment by Application
Transportation Fuel
Ethylene
Acrylic
Butadiene
Benzene
Toluene
Others
By Company
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
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
