The oil downstream activities market in this report is segmented into refined petroleum products manufacturing and asphalt, lubricating oil and grease manufacturing segments.
The top five companies covered are Royal Dutch Shell, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP Plc, and Chevron. Royal Dutch Shell was the largest company in the oil downstream activities market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Oil Downstream Activities Market Size
The global oil downstream activities was valued around $2342 billion in 2017. Asia Pacific was the largest region in the oil downstream activities market in 2017, accounting for around 38% of the total market. The USA was the largest country in the market accounting for around 18% of the total market.
Oil Downstream Activities Market Trend
Refineries are increasingly adopting carbon capture and storage techniques to reduce CO2 emission levels in the atmosphere. This technique involves trapping of CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured.
Oil Downstream Activities Market Segmentation
The oil downstream activities market is segmented into Refined Petroleum Products Manufacturing and Asphalt, Lubricating Oil and Grease Manufacturing.
Refined Petroleum Products Manufacturing comprise companies that convert crude petroleum to refined petroleum products such as gasoline, naptha, diesel fuel and liquefied petroleum gas.
Asphalt, Lubricating Oil and Grease Manufacturing industry include establishments manufacturing block, asphalt paving mixture, asphalt shingle, coating materials, petroleum lubricating oil and grease.