Oil Processing Market
Oil Processing Market Forecasts to 2030 - Global Analysis By Product (Gasoline Production, Diesel Production and Other Products), Refining Type (Heavy Crude Processing, Light Crude Processing and Other Refining Types), Technology, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $5.14 BN |
|
Projected Year Value (2030) |
US $6.76 BN |
|
CAGR (2023 - 2030) |
4.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Middle East & Africa |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Oil Processing Market is accounted for $5.14 billion in 2023 and is expected to reach $6.76 billion by 2030 growing at a CAGR of 4.0% during the forecast period. Petroleum refining, commonly referred to as oil processing, is the industrial process of turning crude oil into a variety of valuable products. Using distillation, cracking, and other refining techniques, different hydrocarbons and impurities are separated during the process. Gasoline, diesel, jet fuel, lubricants, and petrochemicals used in plastics and other industries are important products obtained from oil processing. Refineries optimize the yield of desired products by breaking down and recombining hydrocarbons using intricate systems of distillation towers, reactors, and other equipment.
Market Dynamics:
Driver:
Infrastructure development
The extraction, refinement, and distribution of petroleum products depend on reliable and effective facilities. To meet rising global energy demands, investments in pipeline networks, storage terminals, transportation systems, and refining capacity expansions are crucial. Modernizing and upgrading current infrastructure increases overall efficiency, lowers operational bottlenecks, and improves processing capabilities. By building facilities in strategic locations, the industry is able to optimize the transportation of refined products and crude oil while also adapting to changing market dynamics.
Restraint:
Environmental concerns
Oil processors now face higher operating costs as a result of strict regulations designed to promote sustainable practices and lower carbon emissions. A move away from conventional oil-based products has been brought about by the growing demand for cleaner energy alternatives, such as renewables. Environmental catastrophes and oil spills draw even more attention from the public, which encourages policymakers and consumers to demand eco-friendly substitutes. Furthermore, these issues put the oil processing market's growth in jeopardy and call for a shift to more sustainable and environmentally friendly energy sources.
Opportunity:
Enhanced oil recovery
Enhanced Oil Recovery (EOR) is a promising field in the oil processing industry that uses cutting-edge methods to recover more oil from reservoirs than can be recovered through primary and secondary recovery processes. With the use of technologies like chemical, gas, and thermal injection, EOR increases oil production rates and prolongs the life of already-existing wells. This strategy is especially useful in difficult or mature reservoirs where traditional techniques are less successful. Adoption of EOR technologies can help optimize hydrocarbon extraction, raise total oil yields, and satisfy the market's expanding energy demands.
Threat:
Changes in the price of oil
Unpredictable and abrupt price changes can interfere with planning and investment decisions, which can negatively affect the profitability of companies that process oil. Elevated fluctuations could result in reduced expenditures for exploration and production, impeding the advancement of novel initiatives. It can also put pressure on the financial stability of businesses whose operations depend on fixed prices. For the oil processing industry to maintain steady growth and stability in the face of shifting market conditions, it is necessary to strategically manage risk and be flexible.
Covid-19 Impact:
Due to widespread lockdowns and a sharp decline in economic activity, the COVID-19 pandemic had a significant impact on the oil processing market. The demand for refined products like gasoline and jet fuel came down due to travel restrictions and industrial slowdowns, which resulted in an excess of oil inventory. There was a price war between major oil-producing countries, and this oversupply led to an unprecedented drop in oil prices. Operating difficulties for oil processing facilities included production halts and brief closures. The industry is steadily stabilizing as economies improve, but uncertainties continue to affect investment choices and the market's potential for future expansion in the oil processing sector.
The diesel production segment is expected to be the largest during the forecast period
Due to the rising demand for diesel fuel worldwide, the diesel production segment has experienced notable growth. This growth is explained by the need for transportation, increasing industrialization, and the growing focus on fuels that burn cleaner. Technological developments in hydrocracking and hydrotreating have improved the yield and quality of diesel. Further driving this segment's growth are regulatory initiatives supporting low-sulfur diesel, which have forced refineries to upgrade their facilities. Additionally, diesel production segment is expected to grow further since diesel is still an essential component in many areas, such as power generation and transportation.
The natural gas processing segment is expected to have the highest CAGR during the forecast period
The growing demand for cleaner energy sources worldwide is driving strong growth in the natural gas processing segment. Natural gas is being given priority as a crucial element of the energy transition because it has a lower carbon footprint than conventional fossil fuels. The need for effective processing facilities to extract valuable components like methane, ethane, and propane has increased due to the surge in shale gas production. This increased emphasis on natural gas processing is in line with industry efforts to comply with strict environmental regulations, establishing it as a key factor in the expansion of the oil processing industry as a whole.
Region with largest share:
The market for oil processing is expanding substantially in the Middle East and Africa as a result of a rise in exploration and production. Middle Eastern nations, including Saudi Arabia, the United Arab Emirates, and Iraq, are significant oil-producing regions and are investing in cutting-edge technologies to maximize the processing of crude oil and improve refinery capabilities. Africa, home to developing oil-producing countries like Nigeria and Angola, is seeing a sharp increase in refinery investments as a result of growing demand both domestically and internationally. In addition, the region's growing influence in the global oil processing market is also a result of strategic alliances, modernization projects, and an emphasis on downstream diversification.
Region with highest CAGR:
The oil processing market in the Asia-Pacific region is expanding enormously due to the region's fast industrialization, growing urbanization, and rising energy consumption. Oil consumption is on the rise across a number of sectors, including manufacturing and transportation, as a result of economic development in nations like China and India. The oil processing industry in the region is experiencing growth due to investments made in modernization projects. The region's adoption of novel refining techniques and growing emphasis on cleaner fuels and environmental standards are propelling technological advancements and securing the region's position as a major player in the global oil processing market.
Key players in the market
Some of the key players in Oil Processing market include BP (British Petroleum), Chevron Corporation, ConocoPhillips, Eni S.p.A., Equinor ASA, ExxonMobil, Gazprom Neft, Kuwait Petroleum Corporation, Marathon Petroleum Corporation , PetroChina, Phillips 66, Rosneft, Royal Dutch Shell, Saudi Aramco, Sinopec, TotalEnergies and Valero Energy Corporation.
Key Developments:
In December 2023, Aramco, one of the world’s leading integrated energy and chemicals companies, signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”). GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan. The planned acquisition is Aramco’s first entry into the Pakistani fuels retail market, advancing the Company’s strategy to strengthen its downstream value chain internationally.
In December 2023, Chevron Corporation and Baker Hughes BKR have entered into a 20-year framework agreement. This strategic partnership marks a significant commitment to innovation and efficiency, aimed at unlocking new energy resources while minimizing environmental impact. The agreement focuses on the deployment of Baker Hughes' advanced Aptara Subsea production systems across Chevron Australia's future offshore projects.
Products Covered:
• Gasoline Production
• Diesel Production
• Jet Fuel Production
• Petrochemicals Production
• Lubricants and Specialty Products
• Other Products
Refining Types Covered:
• Heavy Crude Processing
• Light Crude Processing
• Natural Gas Processing
• Crude Oil Refining
• Other Refining Types
Technologies Covered:
• Conventional Refining
• Advanced Refining Technologies
• Exploration and Drilling Technologies
• Upstream Processing Technologies
• Midstream Processing Technologies
• Downstream Refining Technologies
• Other Technologies
Applications Covered:
• Transportation
• Industrial
• Residential
• Commercial
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Oil Processing Market, By Product
5.1 Introduction
5.2 Gasoline Production
5.3 Diesel Production
5.4 Jet Fuel Production
5.5 Petrochemicals Production
5.6 Lubricants and Specialty Products
5.7 Other Products
6 Global Oil Processing Market, By Refining Type
6.1 Introduction
6.2 Heavy Crude Processing
6.3 Light Crude Processing
6.4 Natural Gas Processing
6.5 Crude Oil Refining
6.6 Other Refining Types
7 Global Oil Processing Market, By Technology
7.1 Introduction
7.2 Conventional Refining
7.3 Advanced Refining Technologies
7.4 Exploration and Drilling Technologies
7.5 Upstream Processing Technologies
7.6 Midstream Processing Technologies
7.7 Downstream Refining Technologies
7.8 Other Technologies
8 Global Oil Processing Market, By Application
8.1 Introduction
8.2 Transportation
8.3 Industrial
8.4 Residential
8.5 Commercial
8.6 Other Applications
9 Global Oil Processing Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 BP (British Petroleum)
11.2 Chevron Corporation
11.3 ConocoPhillips
11.4 Eni S.p.A.
11.5 Equinor ASA
11.6 ExxonMobil
11.7 Gazprom Neft
11.8 Kuwait Petroleum Corporation
11.9 Marathon Petroleum Corporation
11.10 PetroChina
11.11 Phillips 66
11.12 Rosneft
11.13 Royal Dutch Shell
11.14 Saudi Aramco
11.15 Sinopec
11.16 TotalEnergies
11.17 Valero Energy Corporation
List of Tables
1 Global Oil Processing Market Outlook, By Region (2021-2030) ($MN)
2 Global Oil Processing Market Outlook, By Product (2021-2030) ($MN)
3 Global Oil Processing Market Outlook, By Gasoline Production (2021-2030) ($MN)
4 Global Oil Processing Market Outlook, By Diesel Production (2021-2030) ($MN)
5 Global Oil Processing Market Outlook, By Jet Fuel Production (2021-2030) ($MN)
6 Global Oil Processing Market Outlook, By Petrochemicals Production (2021-2030) ($MN)
7 Global Oil Processing Market Outlook, By Lubricants and Specialty Products (2021-2030) ($MN)
8 Global Oil Processing Market Outlook, By Other Products (2021-2030) ($MN)
9 Global Oil Processing Market Outlook, By Refining Type (2021-2030) ($MN)
10 Global Oil Processing Market Outlook, By Heavy Crude Processing (2021-2030) ($MN)
11 Global Oil Processing Market Outlook, By Light Crude Processing (2021-2030) ($MN)
12 Global Oil Processing Market Outlook, By Natural Gas Processing (2021-2030) ($MN)
13 Global Oil Processing Market Outlook, By Crude Oil Refining (2021-2030) ($MN)
14 Global Oil Processing Market Outlook, By Other Refining Types (2021-2030) ($MN)
15 Global Oil Processing Market Outlook, By Technology (2021-2030) ($MN)
16 Global Oil Processing Market Outlook, By Conventional Refining (2021-2030) ($MN)
17 Global Oil Processing Market Outlook, By Advanced Refining Technologies (2021-2030) ($MN)
18 Global Oil Processing Market Outlook, By Exploration and Drilling Technologies (2021-2030) ($MN)
19 Global Oil Processing Market Outlook, By Upstream Processing Technologies (2021-2030) ($MN)
20 Global Oil Processing Market Outlook, By Midstream Processing Technologies (2021-2030) ($MN)
21 Global Oil Processing Market Outlook, By Downstream Refining Technologies (2021-2030) ($MN)
22 Global Oil Processing Market Outlook, By Other Technologies (2021-2030) ($MN)
23 Global Oil Processing Market Outlook, By Application (2021-2030) ($MN)
24 Global Oil Processing Market Outlook, By Transportation (2021-2030) ($MN)
25 Global Oil Processing Market Outlook, By Industrial (2021-2030) ($MN)
26 Global Oil Processing Market Outlook, By Residential (2021-2030) ($MN)
27 Global Oil Processing Market Outlook, By Commercial (2021-2030) ($MN)
28 Global Oil Processing Market Outlook, By Other Applications (2021-2030) ($MN)
29 North America Oil Processing Market Outlook, By Country (2021-2030) ($MN)
30 North America Oil Processing Market Outlook, By Product (2021-2030) ($MN)
31 North America Oil Processing Market Outlook, By Gasoline Production (2021-2030) ($MN)
32 North America Oil Processing Market Outlook, By Diesel Production (2021-2030) ($MN)
33 North America Oil Processing Market Outlook, By Jet Fuel Production (2021-2030) ($MN)
34 North America Oil Processing Market Outlook, By Petrochemicals Production (2021-2030) ($MN)
35 North America Oil Processing Market Outlook, By Lubricants and Specialty Products (2021-2030) ($MN)
36 North America Oil Processing Market Outlook, By Other Products (2021-2030) ($MN)
37 North America Oil Processing Market Outlook, By Refining Type (2021-2030) ($MN)
38 North America Oil Processing Market Outlook, By Heavy Crude Processing (2021-2030) ($MN)
39 North America Oil Processing Market Outlook, By Light Crude Processing (2021-2030) ($MN)
40 North America Oil Processing Market Outlook, By Natural Gas Processing (2021-2030) ($MN)
41 North America Oil Processing Market Outlook, By Crude Oil Refining (2021-2030) ($MN)
42 North America Oil Processing Market Outlook, By Other Refining Types (2021-2030) ($MN)
43 North America Oil Processing Market Outlook, By Technology (2021-2030) ($MN)
44 North America Oil Processing Market Outlook, By Conventional Refining (2021-2030) ($MN)
45 North America Oil Processing Market Outlook, By Advanced Refining Technologies (2021-2030) ($MN)
46 North America Oil Processing Market Outlook, By Exploration and Drilling Technologies (2021-2030) ($MN)
47 North America Oil Processing Market Outlook, By Upstream Processing Technologies (2021-2030) ($MN)
48 North America Oil Processing Market Outlook, By Midstream Processing Technologies (2021-2030) ($MN)
49 North America Oil Processing Market Outlook, By Downstream Refining Technologies (2021-2030) ($MN)
50 North America Oil Processing Market Outlook, By Other Technologies (2021-2030) ($MN)
51 North America Oil Processing Market Outlook, By Application (2021-2030) ($MN)
52 North America Oil Processing Market Outlook, By Transportation (2021-2030) ($MN)
53 North America Oil Processing Market Outlook, By Industrial (2021-2030) ($MN)
54 North America Oil Processing Market Outlook, By Residential (2021-2030) ($MN)
55 North America Oil Processing Market Outlook, By Commercial (2021-2030) ($MN)
56 North America Oil Processing Market Outlook, By Other Applications (2021-2030) ($MN)
57 Europe Oil Processing Market Outlook, By Country (2021-2030) ($MN)
58 Europe Oil Processing Market Outlook, By Product (2021-2030) ($MN)
59 Europe Oil Processing Market Outlook, By Gasoline Production (2021-2030) ($MN)
60 Europe Oil Processing Market Outlook, By Diesel Production (2021-2030) ($MN)
61 Europe Oil Processing Market Outlook, By Jet Fuel Production (2021-2030) ($MN)
62 Europe Oil Processing Market Outlook, By Petrochemicals Production (2021-2030) ($MN)
63 Europe Oil Processing Market Outlook, By Lubricants and Specialty Products (2021-2030) ($MN)
64 Europe Oil Processing Market Outlook, By Other Products (2021-2030) ($MN)
65 Europe Oil Processing Market Outlook, By Refining Type (2021-2030) ($MN)
66 Europe Oil Processing Market Outlook, By Heavy Crude Processing (2021-2030) ($MN)
67 Europe Oil Processing Market Outlook, By Light Crude Processing (2021-2030) ($MN)
68 Europe Oil Processing Market Outlook, By Natural Gas Processing (2021-2030) ($MN)
69 Europe Oil Processing Market Outlook, By Crude Oil Refining (2021-2030) ($MN)
70 Europe Oil Processing Market Outlook, By Other Refining Types (2021-2030) ($MN)
71 Europe Oil Processing Market Outlook, By Technology (2021-2030) ($MN)
72 Europe Oil Processing Market Outlook, By Conventional Refining (2021-2030) ($MN)
73 Europe Oil Processing Market Outlook, By Advanced Refining Technologies (2021-2030) ($MN)
74 Europe Oil Processing Market Outlook, By Exploration and Drilling Technologies (2021-2030) ($MN)
75 Europe Oil Processing Market Outlook, By Upstream Processing Technologies (2021-2030) ($MN)
76 Europe Oil Processing Market Outlook, By Midstream Processing Technologies (2021-2030) ($MN)
77 Europe Oil Processing Market Outlook, By Downstream Refining Technologies (2021-2030) ($MN)
78 Europe Oil Processing Market Outlook, By Other Technologies (2021-2030) ($MN)
79 Europe Oil Processing Market Outlook, By Application (2021-2030) ($MN)
80 Europe Oil Processing Market Outlook, By Transportation (2021-2030) ($MN)
81 Europe Oil Processing Market Outlook, By Industrial (2021-2030) ($MN)
82 Europe Oil Processing Market Outlook, By Residential (2021-2030) ($MN)
83 Europe Oil Processing Market Outlook, By Commercial (2021-2030) ($MN)
84 Europe Oil Processing Market Outlook, By Other Applications (2021-2030) ($MN)
85 Asia Pacific Oil Processing Market Outlook, By Country (2021-2030) ($MN)
86 Asia Pacific Oil Processing Market Outlook, By Product (2021-2030) ($MN)
87 Asia Pacific Oil Processing Market Outlook, By Gasoline Production (2021-2030) ($MN)
88 Asia Pacific Oil Processing Market Outlook, By Diesel Production (2021-2030) ($MN)
89 Asia Pacific Oil Processing Market Outlook, By Jet Fuel Production (2021-2030) ($MN)
90 Asia Pacific Oil Processing Market Outlook, By Petrochemicals Production (2021-2030) ($MN)
91 Asia Pacific Oil Processing Market Outlook, By Lubricants and Specialty Products (2021-2030) ($MN)
92 Asia Pacific Oil Processing Market Outlook, By Other Products (2021-2030) ($MN)
93 Asia Pacific Oil Processing Market Outlook, By Refining Type (2021-2030) ($MN)
94 Asia Pacific Oil Processing Market Outlook, By Heavy Crude Processing (2021-2030) ($MN)
95 Asia Pacific Oil Processing Market Outlook, By Light Crude Processing (2021-2030) ($MN)
96 Asia Pacific Oil Processing Market Outlook, By Natural Gas Processing (2021-2030) ($MN)
97 Asia Pacific Oil Processing Market Outlook, By Crude Oil Refining (2021-2030) ($MN)
98 Asia Pacific Oil Processing Market Outlook, By Other Refining Types (2021-2030) ($MN)
99 Asia Pacific Oil Processing Market Outlook, By Technology (2021-2030) ($MN)
100 Asia Pacific Oil Processing Market Outlook, By Conventional Refining (2021-2030) ($MN)
101 Asia Pacific Oil Processing Market Outlook, By Advanced Refining Technologies (2021-2030) ($MN)
102 Asia Pacific Oil Processing Market Outlook, By Exploration and Drilling Technologies (2021-2030) ($MN)
103 Asia Pacific Oil Processing Market Outlook, By Upstream Processing Technologies (2021-2030) ($MN)
104 Asia Pacific Oil Processing Market Outlook, By Midstream Processing Technologies (2021-2030) ($MN)
105 Asia Pacific Oil Processing Market Outlook, By Downstream Refining Technologies (2021-2030) ($MN)
106 Asia Pacific Oil Processing Market Outlook, By Other Technologies (2021-2030) ($MN)
107 Asia Pacific Oil Processing Market Outlook, By Application (2021-2030) ($MN)
108 Asia Pacific Oil Processing Market Outlook, By Transportation (2021-2030) ($MN)
109 Asia Pacific Oil Processing Market Outlook, By Industrial (2021-2030) ($MN)
110 Asia Pacific Oil Processing Market Outlook, By Residential (2021-2030) ($MN)
111 Asia Pacific Oil Processing Market Outlook, By Commercial (2021-2030) ($MN)
112 Asia Pacific Oil Processing Market Outlook, By Other Applications (2021-2030) ($MN)
113 South America Oil Processing Market Outlook, By Country (2021-2030) ($MN)
114 South America Oil Processing Market Outlook, By Product (2021-2030) ($MN)
115 South America Oil Processing Market Outlook, By Gasoline Production (2021-2030) ($MN)
116 South America Oil Processing Market Outlook, By Diesel Production (2021-2030) ($MN)
117 South America Oil Processing Market Outlook, By Jet Fuel Production (2021-2030) ($MN)
118 South America Oil Processing Market Outlook, By Petrochemicals Production (2021-2030) ($MN)
119 South America Oil Processing Market Outlook, By Lubricants and Specialty Products (2021-2030) ($MN)
120 South America Oil Processing Market Outlook, By Other Products (2021-2030) ($MN)
121 South America Oil Processing Market Outlook, By Refining Type (2021-2030) ($MN)
122 South America Oil Processing Market Outlook, By Heavy Crude Processing (2021-2030) ($MN)
123 South America Oil Processing Market Outlook, By Light Crude Processing (2021-2030) ($MN)
124 South America Oil Processing Market Outlook, By Natural Gas Processing (2021-2030) ($MN)
125 South America Oil Processing Market Outlook, By Crude Oil Refining (2021-2030) ($MN)
126 South America Oil Processing Market Outlook, By Other Refining Types (2021-2030) ($MN)
127 South America Oil Processing Market Outlook, By Technology (2021-2030) ($MN)
128 South America Oil Processing Market Outlook, By Conventional Refining (2021-2030) ($MN)
129 South America Oil Processing Market Outlook, By Advanced Refining Technologies (2021-2030) ($MN)
130 South America Oil Processing Market Outlook, By Exploration and Drilling Technologies (2021-2030) ($MN)
131 South America Oil Processing Market Outlook, By Upstream Processing Technologies (2021-2030) ($MN)
132 South America Oil Processing Market Outlook, By Midstream Processing Technologies (2021-2030) ($MN)
133 South America Oil Processing Market Outlook, By Downstream Refining Technologies (2021-2030) ($MN)
134 South America Oil Processing Market Outlook, By Other Technologies (2021-2030) ($MN)
135 South America Oil Processing Market Outlook, By Application (2021-2030) ($MN)
136 South America Oil Processing Market Outlook, By Transportation (2021-2030) ($MN)
137 South America Oil Processing Market Outlook, By Industrial (2021-2030) ($MN)
138 South America Oil Processing Market Outlook, By Residential (2021-2030) ($MN)
139 South America Oil Processing Market Outlook, By Commercial (2021-2030) ($MN)
140 South America Oil Processing Market Outlook, By Other Applications (2021-2030) ($MN)
141 Middle East & Africa Oil Processing Market Outlook, By Country (2021-2030) ($MN)
142 Middle East & Africa Oil Processing Market Outlook, By Product (2021-2030) ($MN)
143 Middle East & Africa Oil Processing Market Outlook, By Gasoline Production (2021-2030) ($MN)
144 Middle East & Africa Oil Processing Market Outlook, By Diesel Production (2021-2030) ($MN)
145 Middle East & Africa Oil Processing Market Outlook, By Jet Fuel Production (2021-2030) ($MN)
146 Middle East & Africa Oil Processing Market Outlook, By Petrochemicals Production (2021-2030) ($MN)
147 Middle East & Africa Oil Processing Market Outlook, By Lubricants and Specialty Products (2021-2030) ($MN)
148 Middle East & Africa Oil Processing Market Outlook, By Other Products (2021-2030) ($MN)
149 Middle East & Africa Oil Processing Market Outlook, By Refining Type (2021-2030) ($MN)
150 Middle East & Africa Oil Processing Market Outlook, By Heavy Crude Processing (2021-2030) ($MN)
151 Middle East & Africa Oil Processing Market Outlook, By Light Crude Processing (2021-2030) ($MN)
152 Middle East & Africa Oil Processing Market Outlook, By Natural Gas Processing (2021-2030) ($MN)
153 Middle East & Africa Oil Processing Market Outlook, By Crude Oil Refining (2021-2030) ($MN)
154 Middle East & Africa Oil Processing Market Outlook, By Other Refining Types (2021-2030) ($MN)
155 Middle East & Africa Oil Processing Market Outlook, By Technology (2021-2030) ($MN)
156 Middle East & Africa Oil Processing Market Outlook, By Conventional Refining (2021-2030) ($MN)
157 Middle East & Africa Oil Processing Market Outlook, By Advanced Refining Technologies (2021-2030) ($MN)
158 Middle East & Africa Oil Processing Market Outlook, By Exploration and Drilling Technologies (2021-2030) ($MN)
159 Middle East & Africa Oil Processing Market Outlook, By Upstream Processing Technologies (2021-2030) ($MN)
160 Middle East & Africa Oil Processing Market Outlook, By Midstream Processing Technologies (2021-2030) ($MN)
161 Middle East & Africa Oil Processing Market Outlook, By Downstream Refining Technologies (2021-2030) ($MN)
162 Middle East & Africa Oil Processing Market Outlook, By Other Technologies (2021-2030) ($MN)
163 Middle East & Africa Oil Processing Market Outlook, By Application (2021-2030) ($MN)
164 Middle East & Africa Oil Processing Market Outlook, By Transportation (2021-2030) ($MN)
165 Middle East & Africa Oil Processing Market Outlook, By Industrial (2021-2030) ($MN)
166 Middle East & Africa Oil Processing Market Outlook, By Residential (2021-2030) ($MN)
167 Middle East & Africa Oil Processing Market Outlook, By Commercial (2021-2030) ($MN)
168 Middle East & Africa Oil Processing Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
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