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Global Petroleum Liquid Feedstock Market to reach USD 395.21 billion by the end of 2029.

Global Petroleum Liquid Feedstock Market Size study & Forecast, by Type (Light Naphtha, Heavy Naphtha, Gas Oil), By Application (Industrial Solvents, Cleaning Fluids, Adulterant to Petrol, Gasoline, Others) and Regional Analysis, 2022-2029

Product Code: OIRAL-59544936
Publish Date: 24-04-2023
Page: 200

Global Petroleum Liquid Feedstock Market is valued at approximately USD 291.01 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.90% over the forecast period 2022-2029. Petroleum Liquid Feedstock is a crude resource utilized in various industrial processes to produce energy. It is a liquid raw material that is processed into more valued products at petrochemical facilities and refineries. The Petroleum Liquid Feedstock market is expanding because of factors such as increasing demand for petrochemical products and rising technological advancement in the transport industry.

The production of petroleum liquid feedstock involves refining oil, coal, and wood to obtain a mixture of highly unstable and flammable hydrocarbons. These are referred to as oil, coal, and wood naphtha, respectively. The main products made from naphtha are diesel, fuels, industrial solvents, and gasoline. Its prevalence has progressively increased during the last few decades. According to Statista, in 2021, the global market value of petrochemicals was USD 556 billion and is forecast to increase to over USD 1 trillion by 2030. Furthermore, in 2021, global petrochemical production capacity was estimated to be around 2.29 billion metric tonnes. In comparison to 2018, this represents a more than 40% increase. Another important component driving space increase is technological advancement in transport industry. As per Statista, it was forecasted that the sales volume of automobiles in China would grow 10.3 percent in 2024 compared to the previous year. In addition, in 2021, the European Union’s auto industry produced approximately 2.2 million commercial vehicles. The majority of these vehicles produced in the region were vans, with approximately 1.7 million units produced. Furthermore, in the same year, the EU vehicle manufacturing industry produced approximately 470,000 trucks and 29,000 buses. However, fluctuations in crude oil prices stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Petroleum Liquid Feedstock Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the expansion of petroleum-driven industries in the region. According to Statista, in 2021, approximately 35.4 million barrels of petroleum were consumed for electricity generation in the United States, an increase of around 6% in comparison to the previous year. Furthermore, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing demand from various heavy industries such as automobiles and shipping, and increasing demand for oil and gas products and their byproducts in the market space.

Major market players included in this report are:
Reliance Industries Limited
Shell plc
China National Petroleum Corporation
Chevron Phillips Chemical Company
Flint Hills Resources
Idemitsu Kosan Co., Ltd
Royal Dutch Shell
Flint Hills Resources
Saudi Arabian Oil Co.

Recent Developments in the Market:
Ø In February 2023, Shell Petroleum NV completed the acquisition of all of Nature Energy Biogas A/shares. The company has acquired the leading producer of renewable natural gas in Europe, including its portfolio of operating plants, related feedstock supply and infrastructure, in-house expertise in the design, fabrication, and differentiated RNG plant technology by purchasing Nature Energy shares.

Global Petroleum Liquid Feedstock Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Light Naphtha
Heavy Naphtha
Gas Oil

By Application
Industrial Solvents
Cleaning Fluids
Adulterant to Petrol

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Petroleum Liquid Feedstock Market, by Region, 2019-2029 (USD Billion)
1.2.2. Petroleum Liquid Feedstock Market, by Type, 2019-2029 (USD Billion)
1.2.3. Petroleum Liquid Feedstock Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Petroleum Liquid Feedstock Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Petroleum Liquid Feedstock Market Dynamics
3.1. Petroleum Liquid Feedstock Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing demand for petrochemical products Rising technological advancement in transport industry
3.1.2. Market Challenges Fluctuations in crude oil prices

3.1.3. Market Opportunities Increasing demand for heavy naphtha for industrial purpose
Chapter 4. Global Petroleum Liquid Feedstock Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Petroleum Liquid Feedstock Market, by Type
6.1. Market Snapshot
6.2. Global Petroleum Liquid Feedstock Market by Type, Performance – Potential Analysis
6.3. Global Petroleum Liquid Feedstock Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Petroleum Liquid Feedstock Market, Sub Segment Analysis
6.4.1. Light Naphtha
6.4.2. Heavy Naphtha
6.4.3. Gas Oil
Chapter 7. Global Petroleum Liquid Feedstock Market, by Application
7.1. Market Snapshot
7.2. Global Petroleum Liquid Feedstock Market by Application, Performance – Potential Analysis
7.3. Global Petroleum Liquid Feedstock Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Petroleum Liquid Feedstock Market, Sub Segment Analysis
7.4.1. Industrial Solvents
7.4.2. Cleaning Fluids
7.4.3. Adulterant to Petrol
7.4.4. Gasoline
7.4.5. Others
Chapter 8. Global Petroleum Liquid Feedstock Market, Regional Analysis
8.1. Petroleum Liquid Feedstock Market, Regional Market Snapshot
8.2. North America Petroleum Liquid Feedstock Market
8.2.1. U.S. Petroleum Liquid Feedstock Market Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Petroleum Liquid Feedstock Market
8.3. Europe Petroleum Liquid Feedstock Market Snapshot
8.3.1. U.K. Petroleum Liquid Feedstock Market
8.3.2. Germany Petroleum Liquid Feedstock Market
8.3.3. France Petroleum Liquid Feedstock Market
8.3.4. Spain Petroleum Liquid Feedstock Market
8.3.5. Italy Petroleum Liquid Feedstock Market
8.3.6. Rest of Europe Petroleum Liquid Feedstock Market
8.4. Asia-Pacific Petroleum Liquid Feedstock Market Snapshot
8.4.1. China Petroleum Liquid Feedstock Market
8.4.2. India Petroleum Liquid Feedstock Market
8.4.3. Japan Petroleum Liquid Feedstock Market
8.4.4. Australia Petroleum Liquid Feedstock Market
8.4.5. South Korea Petroleum Liquid Feedstock Market
8.4.6. Rest of Asia Pacific Petroleum Liquid Feedstock Market
8.5. Latin America Petroleum Liquid Feedstock Market Snapshot
8.5.1. Brazil Petroleum Liquid Feedstock Market
8.5.2. Mexico Petroleum Liquid Feedstock Market
8.5.3. Rest of Latin America Petroleum Liquid Feedstock Market
8.6. Rest of The World Petroleum Liquid Feedstock Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. ExxonMobil Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Reliance Industries Limited
9.2.3. Shell plc
9.2.4. China National Petroleum Corporation
9.2.5. Chevron Phillips Chemical Company
9.2.6. Flint Hills Resources
9.2.7. Idemitsu Kosan Co., Ltd
9.2.8. Royal Dutch Shell
9.2.9. Flint Hills Resources
9.2.10. Saudi Arabian Oil Co
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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