South Korea Oil and Gas Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
South Korea Oil & Gas Market Introduction and Overview
According to SPER Market Research, ‘South Korea Oil & Gas Market Size – By Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the South Korea Oil & Gas Market is estimated to reach USD XX billion by 2033 with a CAGR of 1.67%.
Oil and gas are naturally occurring fossil fuels discovered beneath the Earth’s surface, made up of biological components accumulated through geological processes. They include crude oil, which is used to manufacture petrol, diesel, jet fuel, and other petrochemical products, as well as natural gases including ethane, propane, and butane. They also contain unconventional resources such as shale gas and oil sands, which need nontraditional extraction techniques.
The South Korean oil and gas market was significantly impacted by the Covid-19 outbreak. Oil demand and prices fell as a result of the worldwide economic slowdown, travel restrictions, and a reduction in industrial activity. The market, however, demonstrated resiliency and adjusted to the shifting conditions by introducing cost-cutting strategies, streamlining operations, and looking into new prospects in renewable energy.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Application
Regions covered Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region)
Companies Covered
Hankook Shell Oil Co Ltd, CNCITY Energy Co Ltd, Daesung Industrial Co Ltd, GS Caltex Corp, SGS Group, Korea National Oil Corporation, Korea Gas Corporation, Kukdong Oil & Chemicals Co Ltd.
South Korea Oil & Gas Market Segmentation:
By Type:Based on the Type, South Korea Oil & Gas Market is segmented as; Upstream, Midstream, Downstream.
By Application:Based on the Application, South Korea Oil & Gas Market is segmented as; Residential, Commercial, Industrial, Others.
By Region:This research also includes data for Seoul Capital Area, Honam (Southwestern Region), Yeongnam (Southeastern Region), Hoseo (Central Region).
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the South Korea Oil & Gas Market.
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. South Korea Oil & Gas Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Oil & Gas Market
- 7. South Korea Oil & Gas Market, By Type (USD Million) 2020-2033
- 7.1. South Korea Oil & Gas Market Size, Share and Forecast, By Type, 2020-2026
- 7.2. South Korea Oil & Gas Market Size, Share and Forecast, By Type, 2027-2033
- 7.3. Upstream
- 7.4. Midstream
- 7.5. Downstream
- 8. South Korea Oil & Gas Market, By Application (USD Million) 2020-2033
- 8.1. South Korea Oil & Gas Market Size, Share and Forecast, By Application, 2020-2026
- 8.2. South Korea Oil & Gas Market Size, Share and Forecast, By Application, 2027-2033
- 8.3. Residential
- 8.4. Commercial
- 8.5. Industrial
- 8.6. Others
- 9. South Korea Oil & Gas Market Forecast, 2020-2033 (USD Million)
- 9.1. South Korea Oil & Gas Market Size and Market Share
- 10. South Korea Oil & Gas Market, By Region, 2020-2033 (USD Million)
- 10.1. South Korea Oil & Gas Market Size and Market Share By Region (2020-2026)
- 10.2. South Korea Oil & Gas Market Size and Market Share By Region (2027-2033)
- 10.2.1. Seoul Capital Area
- 10.2.2. Yeongnam (Southeastern Region)
- 10.2.3. Honam (Southwestern Region)
- 10.2.4. Hoseo (Central Region)
- 10.2.5. Others
- 11. Company Profile
- 11.1. Hankook Shell Oil Co Ltd
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. CNCITY Energy Co Ltd
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. Daesung Industrial Co Ltd
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. GS Caltex Corp
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. SGS Group
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. Korea National Oil Corporation
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Korea Gas Corporation
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. S-Oil Corporation
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. SK Energy
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. Hyundai Oilbank Co Ltd
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
- 11.11. Kukdong Oil & Chemicals Co Ltd
- 11.11.1. Company details
- 11.11.2. Financial outlook
- 11.11.3. Product summary
- 11.11.4. Recent developments
- 11.12. Others
- 12. Conclusion
- 13. List of Abbreviations
- 14. Reference Links
Research Assistance
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