Global Petroleum Liquid Feedstock Market 2024-2028
The petroleum liquid feedstock market is forecasted to grow by USD 77.22 bn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the petroleum liquid feedstock 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 the rapid growth of the transportation sector, rising demand for petrochemical feedstock, and increasing number of aging refineries.
Technavio's petroleum liquid feedstock market is segmented as below:
By Type
By Application
- Industrial solvents
- Cleaning fluids
- Adulterant to petrol
- Gasoline
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the adoption of blockchain in the oil and gas refining industry as one of the prime reasons driving the petroleum liquid feedstock market growth during the next few years. Also, innovations in downstream sector and rising exploration of unconventional petroleum resources will lead to sizable demand in the market.
The report on the petroleum liquid feedstock market covers the following areas:
- Petroleum liquid feedstock market sizing
- Petroleum liquid feedstock market forecast
- Petroleum liquid feedstock market industry analysis
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 petroleum liquid feedstock market vendors that include Bharat Petroleum Corp. Ltd., BP Plc, CEF Group, Chevron Corp., China National Petroleum Corp., Eni SpA, Equinor ASA, Exxon Mobil Corp., Gazprom Nedra LLC, Hindustan Petroleum Corp. Ltd., Idemitsu Kosan Co. Ltd., Koch Industries Inc., Kuwait Petroleum Corp., Nayara Energy Ltd., Reliance Industries Ltd., Rosneft Deutschland GmbH, Saudi Arabian Oil Co., Shell plc, TotalEnergies SE, and YPF SA. Also, the petroleum liquid feedstock 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 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 and vendor landscape in addition to an analysis of the key vendors.
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 research - both primary and secondary. 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 the accurate market growth