Global Crude Oil Market Growth 2023-2029

Global Crude Oil Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Crude Oil Industry Forecast” looks at past sales and reviews total world Crude Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Crude Oil sales for 2023 through 2029. With Crude Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Crude Oil industry.

This Insight Report provides a comprehensive analysis of the global Crude Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Crude Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Crude Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Crude Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Crude Oil.

The global Crude Oil market size is projected to grow from US$ 2745.8 million in 2022 to US$ 3231.3 million in 2029; it is expected to grow at a CAGR of 3231.3 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Crude Oil market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Light Distillates
Light Oils
Medium Oils
Heavy Fuel Oil

Segmentation by application
Transportation Fuel
Ethylene
Acrylic
Butadiene
Benzene
Toluene
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Crude Oil market?

What factors are driving Crude Oil market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Crude Oil market opportunities vary by end market size?

How does Crude Oil break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.