07 November 2019
Petroleum Liquid Feedstock Market Report 2020-2030: Forecasts by Type (Naphtha, Gasoil,) by Application (Industrial Solvents, Gasoline, Cleaning Fluids, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry.
As it is used in the manufacture of high-quality aromatics and high octane gasoline, the increasing consumption of applications in aromatics and gasoline drives market growth. Increasing fuel consumption in the automation and domestic transport industries is further driving the growth of the sector. The fall in oil prices worldwide, however, and growing environmental concerns are the main limiting factor for the petroleum feedstock market. Though rising oil and gas prices, petrochemical growth and growing electric vehicles in the forecast period are some opportunities for market growth.
Several industries are based on petrochemicals. For their growth, these petrochemicals require a large quantity of crude oil and gas and their derivatives. Increasing petrochemical production would increase demand for primary petrochemical feedstock chemicals such as naphtha and ethane and contribute to the expansion of the global petroleum liquid feedstock market over the forecast period at a CAGR of more than 30 percent.
Exploration & refining companies are involved in extracting crude oil and natural gas in the upstream market. We manufacture natural gas and crude oil value-added petroleum products. Petroleum refineries implement advanced control and analysis techniques to optimize their refining processes and increase refinery material yields. This further drives the adoption of chemicals from petrochemical feedstock and is expected to have a positive impact on overall market growth.
The global petroleum liquid feedstock market is fragmented. The study analyses the competitive landscape of the industry and provides information on the products offered by different companies. This will help customers improve their position on the market. It also provides a detailed overview of future market developments and threats in petroleum liquid feedstock and how they impact market growth. This will help businesses to develop effective strategies to maximize opportunities for future market development.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Increasing oil consumption, high recovery rates through successful implementation of CEOR, coupled with high cost of new exploration is expected to drive the implementation of CEOR over the coming years.
22 October 2020
Visiongain expects that various public support mechanisms will remain the principal driver throughout the forecast period. Estimates for the cost of CCS range between research papers as well as between capture technologies and plant characteristics.
02 October 2020
Supply gap due to production halt brought about by COVID-19 pandemic is expected restrict sales growth. However, the rising demand for coal tar products from the healthcare sector is expected to stabilize market growth during the forecast period.
25 September 2020
Increasing raw material prices is expected to hinder market growth. Furthermore, short term demand drops from the industrial segment due to COVID-19 lockdowns is expected to decline circuit breaker sales.