Harrisburg, NC -- (SBWIRE) -- 10/16/2020 -- Oil Downstream Activities Global Market Report 2020-30: Covid 19 Impact And Recovery Including: 1) By Type: Refined Petroleum Products Manufacturing; Asphalt, Lubricating Oil And Grease Manufacturing Covering: Royal Dutch Shell; Exxon Mobil Corporation; China Petroleum & Chemical Corporation; BP Plc; Chevron
Asia Pacific was the largest region in the global oil downstream activities market, accounting for 29% of the market in 2019. North America was the second largest region accounting for 17% of the global oil downstream activities market. South America was the smallest region in the global oil downstream activities market.
Refineries are increasingly adopting carbon capture and storage techniques to reduce CO2 emission levels in the atmosphere. This technique involves trapping of CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured. This way CO2 is isolated from the atmosphere, thereby reducing emission levels. For instance, Quest, a partnership venture of Shell, Canada Energy and Chevron is fully integrated CCS project that captures CO2 produced from refineries and prevents it from entering the atmosphere by storing it in underground formations. Globally there are about 15 large scale projects and 7 under construction projects with the capacity to capture about 40 million tonnes CO2 per annum, thus indicating the potential of CCS technology in minimizing carbon emissions.
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The global oil downstream activities market is expected to decline from $2856.8 billion in 2019 to $1623.6 billion in 2020 at a compound annual growth rate (CAGR) of -43.2%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $1926.4 billion in 2023.
1) By Type: Refined Petroleum Products Manufacturing; Asphalt, Lubricating Oil And Grease Manufacturing
Subsegments Covered: Diesel; Gasoline; Fuel Oil; Kerosene; Others - Refined Petroleum Products Manufacturing; Asphalt; Other Petroleum Products
Companies Mentioned: Royal Dutch Shell; Exxon Mobil Corporation; China Petroleum & Chemical Corporation; BP Plc; Chevron
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, oil downstream activities indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
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Influence of the Oil Downstream Activities market report:
-Comprehensive assessment of all opportunities and risk in the Oil Downstream Activities market.
-Oil Downstream Activities market recent innovations and major events.
-Detailed study of business strategies for growth of the Oil Downstream Activities market-leading players.
-Conclusive study about the growth plot of Oil Downstream Activities market for forthcoming years.
-In-depth understanding of Oil Downstream Activities market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Oil Downstream Activities market.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluates key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Oil Downstream Activities Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.