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Friday, September 17, 2021

Global Petroleum Liquid Feedstock Market to be Driven by 3.9% in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Petroleum Liquid Feedstock Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global petroleum liquid feedstock market, assessing the market based on its segments like type and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 3.9%

The growth of global market for petroleum liquid feed stock is expected to be driven by the rising demand from end use applications. The rapid advancements in refining and petrochemical technologies are further projected to propel the market growth further. Moreover, the rapid expansion of transportation industry, is expected to push the demand further. Additionally, rising exploration activities for other petroleum reserves are anticipated to bolster the petroleum liquid feed stock market. However, the rising environment concerns for using fossil fuels and fluctuation in prices of crude oil may constrain the growth over the forecast period.

Industry Definition and Major Segments

Petroleum liquid feedstock refers to raw material utilised in distillation of fuel, diesel, industrial solvents, and gasoline

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Based on type, the market can be segmented into:

  • Naptha
  • Gasoil

The regional markets for petroleum liquid feedstock include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Regionally, North America is expected to dominate the global market for petroleum liquid. This can be attributed to growing of tight oil and shale gas production. Meanwhile, the Asia Pacific is expected to witness the fastest growth rate over the forecast period. The rising urbanisation and industrialisation in the developing economies such as China and India, may bolster the regional demand. Additionally, Middle East and Africa is anticipated to hold a significant growth owing to the presence of vast petroleum reserves.

Key Market Players

The major players in the market are BP Plc (LON: BP), Chevron Corp. (NYSE: CVX), Exxon Mobil Corp. (NYSE: XOM), Royal Dutch Shell Plc (AMS: RDSA), Saudi Arabian Oil Co., TOTAL S.A. (EPA: FP) and few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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