Portland, OR -- (SBWIRE) -- 06/28/2017 -- 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.

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This report projects the trends and opportunities of the global crude oil market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.
The market witnessed significant demand owing to rise in exploration across subsea oil & gas exploration sites. Moreover, the developing economies such as China and India are emerging as leader in consumption of crude oil. This has resulted in the technological developments in other sources of crude oil such as from shale rock, thereby increasing the U.S. oil production and in turn leading to market growth. However, supply side of oil market is highly influenced by geopolitics. Therefore, major producers of crude oil such as Middle East and Africa are constantly struggling to maintain supply levels, which is in turn limits the market growth to some extent.

Crude Oil Market Key Segments:
By Derivatives
- Paraffin
o Pentane
o Octane
- Naphthene
- Aromatics
- Asphaltic

By Composition
- Hydrocarbon Compounds
o Carbon
o Hydrogen

- Non-Hydrocarbon Compounds
- Organometallic Compounds
o Sodium
o Calcium
o Magnesium
o Aluminum
o Iron

- Inorganic Salts
o Sodium
o Sulphur Chloride

By Type
- Light Distillates
- Light Oils
- Medium Oils
- Heavy Fuel Oil

By End-Use
- Light Commercial Vehicles
- Passenger Vehicles
- Mining
- Agriculture
- Residential (in LPG)

By Geography
- North America
o U.S.
o Canada
o Mexico

- Europe
o Germany
o Spain
o UK
o Russia
o France
o Rest of Europe

- Asia-Pacific
o China
o India
o Japan
o Australia
o Korea
o Rest of Asia-Pacific

- LAMEA
o Brazil
o Turkey
o South Africa
o Rest of LAMEA

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