Oil Downstream Products Market 2022 | Business Overview, And Industry Forecasts to 2031
Oil Downstream Products Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the oil downstream products industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected oil downstream products market growth numbers from 2022-2031.
The global oil downstream products market size is expected to grow from $2.54 trillion in 2021 to $2.88 trillion in 2022 at a compound annual growth rate (CAGR) of 13.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The oil downstream product market is expected to reach $4.71 trillion in 2026 at a CAGR of 13.1%.
The Oil Downstream Products Global Market Report 2022-31 by The Business Research Company evaluates oil downstream product market size, growth rate, drivers, oil downstream products industry trends, and major companies.
The oil
downstream products market segments in the report are:
1) By Type:
Refined Petroleum Products, Asphalt, Lubricating Oil And Grease
2) By Fraction:
Light Distillates, Middle Distillates, Heavy Oils
3) By Application: Fuel, Chemical, Others
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