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NEW YORK, June 9, 2022 /PRNewswire/ -- The Petroleum Liquid Feedstock market report provides a detailed analysis of the competitive scenario and the market growth across various regions. The petroleum liquid feedstock market size is set to grow by USD 53.62 billion, progressing at a CAGR of 3.5% from 2021 to 2026 as per the latest market report by Technavio.
Market Segmentation
Technavio has announced its latest market research report titled Petroleum Liquid Feedstock Market by Type and Geography - Forecast and Analysis 2022-2026
- By Type , the market is classified into Naphtha and Gasoil.
- The petroleum liquid feedstock market share growth by the naphtha segment will be significant for revenue generation. The increased refining capacity and investments in oil refining will drive the growth of the refinery products and, subsequently, will fuel the growth of naphtha in the coming years.
- By Geography , the market is classified as APAC, Europe, North America, the Middle East and Africa, and South America.
- 53% of the market's growth will originate from APAC during the forecast period. China, India, and Russia are the key markets for petroleum liquid feedstock in APAC. Market growth in this region will be faster than the growth of the market in other regions. The increasing refinery expansion projects and rising demand for oil and gas and their byproducts, especially in developing countries such as China and India will facilitate the petroleum liquid feedstock market growth in APAC over the forecast period
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Market Dynamics The key factor driving the global petroleum liquid feedstock industry growth is the rapid growth of the transportation sector owing to population growth and urbanization. Global passenger car vehicle production in 2021 increased by more than 30% from that in 2015. Commercial vehicle production in 2021 increased by more than 40% from that in 2014, indicating strong growth in the demand for commercial vehicles. In 2020, North America, Europe, and South Asia collectively accounted for more than 40% of global commercial vehicle production. In the EU, passenger car production in 2021 grew by more than 18% over that in 2017. Automotive companies such as Tesla Inc., Citroen UK Ltd., and Great Wall Motor Co. Ltd. are planning to enter the Indian automobile market by launching their respective car models in the coming years. The growth of the transportation sector will drive the demand for transportation fuels such as gasoline during the forecast period.
However, the key challenge to the global petroleum liquid feedstock industry growth is the volatility in global crude oil prices, which has a large impact on the price of petroleum products such as naphtha. Lower crude oil prices compel these companies to cancel or postpone oil and gas E&P projects. The increase in the production of shale oil in the US-led to an increase in global crude oil supply and reduced crude oil imports in the country. According to the IEA, the average crude oil price was approximately USD 54.77 per barrel in January 2021, which inclined to 67.73 per barrel in April 2021. The EIA predicts that by 2025, Brent crude oil's nominal price will rise to USD 66 per barrel, which is expected to reach USD 89 per barrel by 2030. Downstream companies are adversely affected when crude oil prices fluctuate since the price at which the crude oil is sold is determined by the market, although production costs are largely fixed by the manufacturers. The continuous fluctuations in crude oil prices will hamper the growth of the market during the forecast period.
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Company Profiles The petroleum liquid feedstock market is concentrated and the vendors are deploying growth strategies such as investment in R&D to compete in the market. The petroleum liquid feedstock market report includes information on the product launches, sustainability, and prospects of leading vendors including Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China National Petroleum Corp., Equinor ASA, Exxon Mobil Corp., Kuwait National Petroleum Co., Nayara Energy Ltd., Oil and Natural Gas Corp. Ltd., Reliance Industries Ltd., Shell plc, and TotalEnergies SE.
- Bharat Petroleum Corp. Ltd. - The company offers Petroleum liquid feedstocks such as PP feedstock.
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Competitive Analysis The competitive scenario provided in the Petroleum Liquid Feedstock Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Petroleum Liquid Feedstock Market Forecast Report - Buy Now!
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Petroleum Liquid Feedstock Market Scope |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 3.5% |
Market growth 2022-2026 | USD 53.62 billion |
Market structure | Concentrated |
YoY growth (%) | 2.5 |
Performing market contribution | APAC at 53% |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China National Petroleum Corp., Equinor ASA, Exxon Mobil Corp., Kuwait National Petroleum Co., Nayara Energy Ltd., Oil and Natural Gas Corp. Ltd., Reliance Industries Ltd., Shell plc, and TotalEnergies SE |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content 1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Naphtha - Market size and forecast 2021-2026
- Exhibit 28: Chart on Naphtha - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Naphtha - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Naphtha - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Naphtha - Year-over-year growth 2021-2026 (%)
- 5.4 Gasoil - Market size and forecast 2021-2026
- Exhibit 32: Chart on Gasoil - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Gasoil - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Gasoil - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Gasoil - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 India - Market size and forecast 2021-2026
- Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.11 Russia - Market size and forecast 2021-2026
- Exhibit 74: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on Russia - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Russia - Year-over-year growth 2021-2026 (%)
- 7.12 Saudi Arabia - Market size and forecast 2021-2026
- Exhibit 78: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Bharat Petroleum Corp. Ltd.
- Exhibit 89: Bharat Petroleum Corp. Ltd. - Overview
- Exhibit 90: Bharat Petroleum Corp. Ltd. - Product / Service
- Exhibit 91: Bharat Petroleum Corp. Ltd. - Key offerings
- 10.4 BP Plc
- Exhibit 92: BP Plc - Overview
- Exhibit 93: BP Plc - Business segments
- Exhibit 94: BP Plc - Key offerings
- Exhibit 95: BP Plc - Segment focus
- 10.5 Chevron Corp.
- Exhibit 96: Chevron Corp. - Overview
- Exhibit 97: Chevron Corp. - Business segments
- Exhibit 98: Chevron Corp. - Key news
- Exhibit 99: Chevron Corp. - Key offerings
- Exhibit 100: Chevron Corp. - Segment focus
- 10.6 China National Petroleum Corp.
- Exhibit 101: China National Petroleum Corp. - Overview
- Exhibit 102: China National Petroleum Corp. - Product / Service
- Exhibit 103: China National Petroleum Corp. - Key offerings
- 10.7 Equinor ASA
- Exhibit 104: Equinor ASA - Overview
- Exhibit 105: Equinor ASA - Business segments
- Exhibit 106: Equinor ASA - Key offerings
- Exhibit 107: Equinor ASA - Segment focus
- 10.8 Exxon Mobil Corp.
- Exhibit 108: Exxon Mobil Corp. - Overview
- Exhibit 109: Exxon Mobil Corp. - Business segments
- Exhibit 110: Exxon Mobil Corp. - Key offerings
- Exhibit 111: Exxon Mobil Corp. - Segment focus
- 10.9 Kuwait National Petroleum Co.
- Exhibit 112: Kuwait National Petroleum Co. - Overview
- Exhibit 113: Kuwait National Petroleum Co. - Product / Service
- Exhibit 114: Kuwait National Petroleum Co. - Key offerings
- 10.10 Oil and Natural Gas Corp. Ltd.
- Exhibit 115: Oil and Natural Gas Corp. Ltd. - Overview
- Exhibit 116: Oil and Natural Gas Corp. Ltd. - Business segments
- Exhibit 117: Oil and Natural Gas Corp. Ltd. - Key offerings
- Exhibit 118: Oil and Natural Gas Corp. Ltd. - Segment focus
- 10.11 Shell plc
- Exhibit 119: Shell plc - Overview
- Exhibit 120: Shell plc - Business segments
- Exhibit 121: Shell plc - Key news
- Exhibit 122: Shell plc - Key offerings
- Exhibit 123: Shell plc - Segment focus
- 10.12 TotalEnergies SE
- Exhibit 124: TotalEnergies SE - Overview
- Exhibit 125: TotalEnergies SE - Business segments
- Exhibit 126: TotalEnergies SE - Key news
- Exhibit 127: TotalEnergies SE - Key offerings
- Exhibit 128: TotalEnergies SE - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 129: Inclusions checklist
- Exhibit 130: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 131: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 132: Research methodology
- Exhibit 133: Validation techniques employed for market sizing
- Exhibit 134: Information sources
- 11.5 List of abbreviations
- Exhibit 135: List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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