Global Petroleum Liquid Feedstock Market Report and Forecast 2023-2028

Global Petroleum Liquid Feedstock Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global petroleum liquid feedstock market is projected to grow at a CAGR of 4.5% between 2023 and 2028. Aided by the rising demand in the chemical sector and its expanding applications across a myriad of industries, the market is expected to grow significantly by 2028.

Petroleum liquid feedstock primarily consists of naphtha and gas oil. These feedstocks are crucial hydrocarbon mixtures employed in the chemical industry to produce a variety of petrochemicals. Naphtha, in particular, is a pivotal feedstock for steam crackers, where it's broken down to produce essential building blocks like ethylene and propylene. These petrochemicals serve as the foundation for a plethora of products, ranging from plastics and resins to synthetic fibres and rubber.

A primary driver bolstering the petroleum liquid feedstock market demand is the consistent demand for petrochemicals, especially from the rapidly growing plastic industry. As economies flourish and the middle class expands in developing nations, consumption patterns evolve. This change manifests in higher demand for consumer goods, many of which are either made from plastics or are packaged in them, further catalysing the petroleum feedstock market growth.

Additionally, the global shift towards lighter feedstock in the petrochemical sector, primarily driven by environmental considerations and economic factors, augments the market potential for naphtha-based feedstocks. Modern cracker units, optimised for lighter feedstocks, can produce higher yields of ethylene, a high-demand petrochemical, when fed with naphtha.

However, consistent innovations are likely to shape the petroleum liquid feedstock market size in the forecast period. The industry is witnessing advancements aimed at producing high-grade feedstocks that yield more value-added petrochemicals. Moreover, there is ongoing research in the domain of sustainable and green production methodologies, aiming to reduce carbon footprints and improve process efficiencies.

The petroleum liquid feedstock market growth is expected to reach new heights in the coming years, primarily fuelled by the relentless demand for petrochemicals and the vital role of these feedstocks in meeting this demand. While challenges persist, especially in the form of environmental concerns and market volatilities, continuous innovation and research in the sector are expected to shape its future positively. As industries continue their quest for efficient and high-yield feedstocks and as technology strides forward, petroleum liquid feedstock remains poised to retain its central role in the global industrial landscape.

Market Segmentation

The market can be divided based on type, and region.

Market Breakup by Type
  • Naphtha
  • Gasoil
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global petroleum liquid feedstock market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Chevron Corporation
  • Exxon Mobil Corporation
  • Royal Dutch Shell Plc
  • Saudi Arabian Oil Company
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Petroleum Liquid Feedstock Market Analysis
8.1 Key Industry Highlights
8.2 Global Petroleum Liquid Feedstock Historical Market (2018-2022)
8.3 Global Petroleum Liquid Feedstock Market Forecast (2023-2028)
8.4 Global Petroleum Liquid Feedstock Market by Type
8.4.1 Naphtha
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Gasoil
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Petroleum Liquid Feedstock Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Petroleum Liquid Feedstock Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Petroleum Liquid Feedstock Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Petroleum Liquid Feedstock Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.2 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Petroleum Liquid Feedstock Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Petroleum Liquid Feedstock Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Chevron Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Exxon Mobil Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Royal Dutch Shell Plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Saudi Arabian Oil Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market

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