Oil Downstream Products Market Growth, Trends 2023-2032

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Oil Downstream Products Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Oil Downstream Products Market Definition
The oil downstream products are used for
providing post extraction activities for crude
oil and natural gas, including refined petroleum
products manufacturing and asphalt, lubricating
oil and grease manufacturing. The main types of
oil downstream products are refined petroleum
products, asphalt, lubricating oil, and grease.
Refined petroleum products are extracted from
crude oil using catalytic cracking and fractional
distillation methods. The physical and chemical
characteristics of refined petroleum products
vary depending on the type of crude oil and
subsequent refining processes.
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Oil Downstream Products Market Characteristics
The global oil downstream products market grew
from 2,876.28 billion in 2022 to 2,972.96
billion in 2023 at a compound annual growth rate
(CAGR) of 3.4.  The oil downstream products
market is expected to grow to 3,313.63 billion
in 2027 at a CAGR of 2.7.
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Key Market Drivers And Trends
Drivers
Trends
Disruption in the supply of oil in certain
markets due to political instability and
extremism was one of the major factors affecting
the growth of global oil downstream activities
market.
To reduce the pollution levels, companies have
started adopting the gas to liquid technology
which produce high quality petroleum products.
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Drivers, Trends, Restraints, Strategies, And
Opportunities On The Oil Downstream Products
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Segments
The report covers the oil downstream products
markets segments-


By Fraction
By Application
By Type
Refined Petroleum Products, Asphalt, Lubricating
Oil And Grease
Light Distillates, Middle Distillates, Heavy Oils
Fuel, Chemical, Other Applications
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Major companies in the market include
Key Market Players
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1. Measure the impact of high global inflation on
   market growth
2. Market sizing information from 2017 to 2023 and
   forecasted to 2032
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