As per this study the Global Petroleum Liquid Feedstock Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2027 with a CAGR of XX%.
Petroleum Liquid Feedstock (Naphtha & Gas Oil) is one of the main feedstock material used in the petrochemical industry. Naphtha is also used as feedstock for the production of petrochemicals such as propylene, ethylene, and aromatics, while gas oil is used as feedstock in steam cracking process. It is primarily used in the production of gasoline, industrial solvents, fuels, and diesel.
The increasing consumption of applications in aromatics and gasoline, as it is used in the production of high-quality aromatics and high octane gasoline is driving the market growth. Rising consumption of fuels in automation and domestic transportation industry is further pushing the market growth. However, the decrease in prices for oil across the globe and rising environmental concerns are the major restraining factor for petroleum feedstock market. Whereas increasing oil and gas prices, petrochemical growth and increasing automotive vehicles are some opportunities for market growth in the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of Petroleum Liquid Feedstock.
The broad Petroleum Liquid Feedstock market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Heavy Naphtha
- Light Naphtha
- Gas Oil
- Cleaning Fluids
- Adulterant to petrol
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for Petroleum Liquid Feedstock in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Petroleum Liquid Feedstock Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Petroleum Liquid Feedstock market include British Petroleum, CNPC, Exxon MobilShell, and Reliance Industries. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.