Petroleum Liquid Feedstock Market to Reach Valuation of US$ 366 Bn by 2027
The global petroleum liquid feedstock market is forecasted to witness healthy growth through the forecast period (2019 to 2027), according to a new market study by XploreMR. The growth of the market is majorly attributed to factors such as surging demand for petroleum liquid feedstock going hand-in-hand with skyrocketing oil prices, increasing demand for aromatics, and flourishing petrochemical industry. Furthermore, increasing automotive fleets are forecasted to create significant demand for petroleum liquid feedstock in the years to come, as it is primarily used in the processing of gasoline and motor fuels.
Furthermore, numerous regions across the world are witnessing an upsurge in fuel prices and are hence increasing their production of petroleum liquid feedstock, especially naphtha, in new plants and expansions. On the back of these facets, the global petroleum liquid feedstock market will surpass a valuation of US$ 366 Bn by the end of 2027, progressing at a steady CAGR of 3.9% through the assessment period.
Growth of Petroleum Liquid Feedstock Market Goes Hand-in-hand With Fuel Prices
As a result of the oil crisis from 2014 to 2016, the oil & gas prices plummeted to new low, adversely affecting the petroleum refining industry, and all the associated markets. Petroleum liquid feedstock was no exception during the market fall, and witnessed a steep decline in the revenue of companies. However, since 2017, oil prices have substantially recovered and have plunged above US$ 70/barrel from the previous low of US$ 40/ barrel, and continues to exhibit healthy growth through the years.
As the oil & gas prices continue to grow, the petroleum refining industry is also set to witness increased output to cater to the increased demand for petrochemicals globally. This will continue to navigate the petroleum liquid feedstock market on a profitable path through the forecast period.
Expansion of Petrochemical Industry and Surging Demand for Aromatics Promise Healthy Growth
The growth of the petrochemical industry is crucial to the growth of the petroleum liquid feedstock market, as it directly increases the demand for petrochemical products from end-use industries such as plastic, construction, and transportation. Moreover, processing and manufacturing of aromatics will remain a primary application bestowing lucrative revenue opportunities to the market players.
Besides, the growing demand for aromatics in chemical and other end-use industries has been increasing due to their application as feedstock for various products. In addition, the growth of applications is expected to surge the demand for aromatic hydrocarbons, such as benzene, toluene, and xylene, and will continue to create significant demand for petroleum liquid feedstock.
Presence of Flourishing Automotive Industry Place ASEAN Countries on Forefront of Global Market
The healthy growth of the automotive industry is crucial to the growth of the market as it finds significant adoption in the processing of gasoline and motor fuels. On these lines, Asia-Pacific, Europe, and ASEAN are witnessing a steady increase in automotive sales, and will hence drive the petroleum liquid feedstock market in these regions. On these lines, ASEAN countries registered a sales growth of 6% during the first three quarters of 2017, while China and Europe witnessed the growth of 4.3% and 4%, respectively during the same period. The growth trajectory will prevail through the forecast period, driving these regions on a profitable path.
Competitive Landscape of Petroleum Liquid Feedstock Market
The competitive landscape of the global petroleum liquid feedstock market represents a highly fragmented structure with prominent players accounting for approximately 25%-35%, while other global players along with several local players account for the remaining market share. Major market players profiled in the report include BP p.l.c., Exxon Mobil Corporation, TOTAL S.A., Royal Dutch Shell plc, Idemitsu Kosan Co., Ltd., Flint Hills Resources and YPF.
XploreMR study offers a ten-year analysis and forecast for the Global Petroleum Liquid Feedstock market between 2019 and 2027. This report offers an in-depth analysis of the global Petroleum Liquid Feedstock market in terms of market value (US$ Mn) & volume (KT) in the global Petroleum Liquid Feedstock market. The market has been segmented on the basis of type and application.
The Petroleum Liquid Feedstock study covers various perspectives of the market, including value chain, market dynamics, and competition landscape as well as pricing analysis. The report also covers analysis of macro-economic factors affecting market growth.
As per the findings of the Petroleum Liquid Feedstock study and perspectives of industry participants, the global Petroleum Liquid Feedstock market is projected to grow at a CAGR of 3.9% between 2019 and 2027, in terms of value. Increasing oil and gas prices, petrochemical growth and increasing automotive fleet are some of the drivers expected to augment the growth of the Petroleum Liquid Feedstock market over the forecast period.
The XploreMR report on Petroleum Liquid Feedstock carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters, such as type and application. The report also highlights an overview of the Petroleum Liquid Feedstock market by country. The primary objective of the Petroleum Liquid Feedstock report is to offer key insights on market updates, current trends, competition positioning, growth rates, market potential and other relevant information in a suitable manner to the readers or various stakeholders in the Petroleum Liquid Feedstock market.
Petroleum Liquid Feedstock (Naphtha & Gas Oil) is one of the main feedstock used in the petrochemical industry. It is primarily used in the production of gasoline, solvents, fuels and diesel. Naphtha is also used as feedstock for the production of propylene, ethylene and aromatics, while gas oil is used as feedstock in steam cracking process.
The Petroleum Liquid Feedstock report is structured in such a way that it will allow readers to develop a thorough understanding about the market. The Petroleum Liquid Feedstock report starts with market definitions, followed by market taxonomy, market dynamics, market background and analysis by key segments along with regional analysis and competition assessment. Each section of the Petroleum Liquid Feedstock market study covers a quantitative as well as qualitative assessment of the Petroleum Liquid Feedstock market on the basis of historical developments, facts and key opinions collected from industry participants through interviews.
Petroleum Liquid Feedstock Market: Segmentation
The Petroleum Liquid Feedstock report begins with a market introduction, defining the market taxonomy and product definitions regarding the global Petroleum Liquid Feedstock market assessment. In the next section, the Petroleum Liquid Feedstock report describes the market development background, covering macro-economic factors, industry factors, and product life stage and associated stages, forecast factors, regional weighted average pricing analysis, value chain overview covering approximate margins and provides an indicative list of stakeholders involved in each stage.
The next section of the Petroleum Liquid Feedstock report provides value (US$ Mn) and volume (KT) projections for the Petroleum Liquid Feedstock market on the basis of respective segments at a global level. The global Petroleum Liquid Feedstock market values represented in this section have been agglomerated by collecting data and information at a regional level. The Petroleum Liquid Feedstock market information, along with key insights and facts, covers unique analysis frameworks, such as year-on-year growth trend comparison, absolute $ opportunity analysis, market attractiveness and share analysis for each sub-types of the segments covered in each segment.
The Petroleum Liquid Feedstock market analysis section of the report covers weighted average pricing analysis and market projections for each segment, including market share analysis, Y-o-Y growth trends, market attractiveness analysis, market share analysis and incremental $ opportunity assessment.
The next section of the Petroleum Liquid Feedstock report presents a summarised view of the global Petroleum Liquid Feedstock market based on six prominent regions considered in the study.
All the above sections evaluate the present market scenario and growth prospects in the global Petroleum Liquid Feedstock market, while the forecast presented in the sections assesses the market size in terms of volume and value.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecast in terms of CAGR, but also analyse the market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the Petroleum Liquid Feedstock market and identify the right opportunities available.
As previously highlighted, the Petroleum Liquid Feedstock market has been split into a number of sub-segments. The Petroleum Liquid Feedstock sub-segments, in terms of type and application, have been analysed on the basis of Basis Point Share (BPS) to understand each individual segment’s relative contribution to market growth. This detailed level of information is important for the identification of various key trends being witnessed in the Petroleum Liquid Feedstock market.
Another key feature of this report is the analysis of all the key segments in the Petroleum Liquid Feedstock market, sub-segments and the regional adoption and revenue forecast in terms of absolute dollar opportunity. The absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the Petroleum Liquid Feedstock market.
In the final section of the Petroleum Liquid Feedstock report, a competitive landscape of the Petroleum Liquid Feedstock market has been included to provide report audiences with a dashboard view, categorised on the basis of providers present in the value chain, their presence in the Petroleum Liquid Feedstock market and key differentiating factors and strategies.
The primary category of providers covered in the report includes Petroleum Liquid Feedstock manufacturers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the Petroleum Liquid Feedstock market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of the in-depth assessment of their capabilities and success in the Petroleum Liquid Feedstock marketplace.
Detailed profiles of providers have also been included under the scope of the Petroleum Liquid Feedstock report to evaluate their long- and short-term strategies, key offerings and recent developments in the Petroleum Liquid Feedstock market. Examples of some of the key competitors in the Petroleum Liquid Feedstock report are BP p.l.c., Exxon Mobil Corporation, TOTAL S.A., Royal Dutch Shell plc and China Petroleum & Chemical Corporation, among others.
Petroleum Liquid Feedstock Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2019-2027Buy Now
Custom Market Research Services
xploreMR offers custom market reserch services that help clients to get information on their business scenario required where syndicated solutions are not enough
Why Choose XploreMR
Our analysts go above and beyond to answer your specific queries. We are with you throughout the entire journey – from initial discussion to post-purchase.
Country-wise Analysis & Forecasting
As we track markets at country-level, we are able to offer hard-to-find market intelligence in both developed and emerging countries.
High Quality At Competitive Pricing
We believe high quality market research shouldn’t be out of reach for businesses. Our competitively-priced market research reports ensure businesses of all sizes have access to quality information
Global Market Study on Large Format Displays: LED Backlit Segment Projected to be the Most Attractive Backlight Technology Through 2027
An exclusive research methodology for accurate estimation of market forecast XploreMR employs a systematic research methodology to derive the pertinent market numbers for the global large format ...
Fire Pump Test Meters Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2019-2027
Report Synopsis XploreMR offers an 8-year forecast for the fire pump test meters market between 2019 and 2027. In terms of value, the fire pump test meters market is expected to register a singl ...