2021-2030 Analysis and Review Crude Oil Market

Crude Oil Market

Crude Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030

26-04-2022 REP-HC-139337 110 pages Format

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Global crude oil market is expected to grow at a CAGR of 4.79% during forecast period of 2022-2030. Crude oil refers to mixture of hydrocarbons that exist underground geologic formations in liquid form and drilled out of earth surface in same form. Crude oil is a non-renewable source of energy obtained from drilling earth and is found alongside natural gas and saline water. Global crude oil market refers to the market of unrefined petroleum (naturally occurring hydrocarbons). Through the process of fractional distillation, crude oil is refined and processed to obtain diesel, petrol, kerosene and other petroleum products that have myriad of applications ranging from acting as a fuel in combustion engines to raw material for plastics manufacturing. Crude oil finds application in gasoline, diesel fuel & heating oil, jet fuel, LPG, asphalt and others. The report scope is widely characterized on the basis of type of crude oil that includes heavy crude oil and light crude oil. The total market revenue is calculated based on the net consumption of crude oil globally.

crude oil market

Rising Transportation Sector is the Key Driving Factor for Crude Oil

Global crude oil market is primarily driven by rising transportation sector and increasing export activities. Growing adoption of gasoline, diesel, jet fuel and others in transportation sector is fueling up the demand for crude oil in global crude oil market. Jet fuel segment in global crude oil market is expected to grow at fastest pace in terms of revenue with around 8.32% market share in 2021. Growing aviation industry serves as primary factor for jet fuel market across the globe. It is expected that 7.8 billion passengers would be travelling by air in 2036. In addition, increasing investment in purchasing aircrafts and building infrastructure to cater travel increment is expected to boost jet fuel market. In addition, according to the India Brand Equity Foundation (India), aviation sector in India is projected to receive an investment of approximately $25 billion over the period 2017-2027.

Gasoline Contributes the Largest Market Revenues

Gasoline dominates the application segment of global crude oil market by capturing largest market share of over 33.8% in 2021 and anticipated to grow at a CAGR of 4.9% during forecast period. Rising automobile sales globally is expected to be a key driver for global crude oil market by gasoline application segment since gasoline acts as one of the primary fuel for the automobiles. The growing automobile sales is expected to boost the global gasoline market. However, emergence of electric vehicle is the largest restraint for use of gasoline in automobile segment.

Light Crude Oil Dominates the Crude Oil Segment by Type

Light crude oil dominates the type segment of global crude oil market by capturing largest market share of over 84% in 2021. Light crude oil market is anticipated to grow at a CAGR of 4.9% during forecast period. Light crude oils have a low wax content, highly fluid, spread rapidly on solid or water surfaces and are flammable in nature. These properties of light crude oil make it an ideal choice for the production of diesel and gasoline fuel. High demand of diesel and gasoline for the production of energy is the key driver for the growth of light crude oil market as oil is the primary source for energy globally.

APAC Leads the Global Market

Geographically, crude oil market has been segmented into North America, Europe, Asia Pacific and Rest of World (ROW). Asia Pacific accounts the largest share in crude oil market by capturing largest market share in terms of revenue of around 37.30% in 2021. Crude oil demand in Asia Pacific is primarily driven by increasing plastic industry, refineries, transportation industry and others. India Brand Equity Foundation (India), China is world’s largest producer of plastics and polymers and largest market for vehicle.

Crude Oil Market to Remain Highly Competitive

Partnership and collaboration is the primary strategy adopted by companies in global crude oil market. The intensity of competitive rivalry in global crude oil market is expected to remain at high level over the forecast period 2022-2030. Global crude oil market is highly consolidated with the presence of big players such as BP Global (United Kingdom), Chevron Corporation (United States), China National Petroleum Corporation (China), Exxon Mobil (United States), Gazprom (Russia) and others. Companies are trying to compete with each other by providing the crude oil products at competitive prices or by similar quality at highly competitive prices for products in crude oil market. Companies are focusing on new product development, merger and acquisition and collaborative research and development to sustain in the market and strengthen their respective positions in the global crude oil market which is also increasing the competition.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2022 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Application (2020-2030; US$ Bn)

Gasoline
Diesel fuel& heating oil
Jet fuel
LPG
Asphalt
Others

By Type (2020-2030; US$ Bn)

Heavy crude oil
Light crude oil

By Region (2020-2030; US$ Bn)

North America
Europe
Asia Pacific
Latin America
Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Bn)

Pre Covid-19 situation
Post Covid-19 situation

Key questions answered in this report

What are the key market segments in current scenario and in the future by product categories?
What are the key market segments in current scenario and in the future by regions?
What is the key impact of Covid-19 over market revenues and market determinants in the global crude oil market?
What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
How to overcome the current market challenges and leverage the opportunities in each of the market segment?
Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth

Crude Oil Market - Table of Contents

Chapter 1. Preface

Chapter 2. Market Overview
2.1. Global Crude Oil Market: Evolution and Transition
2.2. Market Definition and Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top Findings
2.5.2. Top Opportunity Market
2.5.3. Top 5 Companies
2.5.4. Top Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.7.1. Investment Versus Adoption Model
2.7.2. 360 Degree Industry Analysis
2.7.3. Porters 5 Force Model
2.7.3.1. Threat of New Entrants
2.7.3.2. Threat of Substitute Products
2.7.3.3. Bargaining Power of Buyer
2.7.3.4. Bargaining Power of Supplier
2.7.3.5. Intensity of Competitive Rivalry
2.7.4. Pricing Analysis
2.7.5. See Saw Analysis
2.7.6. Consumer Analysis and Key Buying Criteria
2.8. Competitive Analysis
2.9. Strategic Recommendations & Key Conclusions

Chapter 3. Market Determinants
3.1. Market Drivers
3.2. Market Restraint
3.3. Market Opportunities
3.4. Market Challenges

Chapter 4. Global Crude Oil Market by Application, 2020-2030, ($ Billion)
4.1. Market Definition and Scope
4.2. Decision Support Database & Estimation Methodology
4.3. Comparative Analysis Across Market Segments
4.4. Production Capacity Analysis by Application
4.5. Consumption Capacity Analysis by Application
4.6. Opportunity Matrix
4.7. Market Segmentation
4.7.1. Global Gasoline Market
4.7.1.1. Adoption Scenario & Market Determinants
4.7.1.2. Market Estimations and Forecasts 2020-2030($ Billion)
4.7.1.3. Key Players & Key Products
4.7.1.4. Key Conclusion
4.7.2. Global Diesel Fuel & Heating Oil Market
4.7.2.1. Adoption Scenario & Market Determinants
4.7.2.2. Market Estimations and Forecasts 2020-2030($ Billion)
4.7.2.3. Key Players & Key Products
4.7.2.4. Key Conclusion
4.7.3. Global Jet Fuel Market
4.7.3.1. Adoption Scenario & Market Determinants
4.7.3.2. Market Estimations and Forecasts 2020-2030 ($ Billion)
4.7.3.3. Key Players & Key Products
4.7.3.4. Key Conclusion
4.7.4. Global LPG Market
4.7.4.1. Adoption Scenario & Market Determinants
4.7.4.2. Market Estimations and Forecasts 2020-2030 ($ Billion)
4.7.4.3. Key Players & Key Products
4.7.4.4. Key Conclusion
4.7.5. Global Liquid Asphalt Market
4.7.5.1. Adoption Scenario & Market Determinants
4.7.5.2. Market Estimations and Forecasts 2020-2030 ($ Billion)
4.7.5.3. Key Players & Key Products
4.7.5.4. Key Conclusion
4.7.6. Global Others Market
4.7.6.1. Adoption Scenario & Market Determinants
4.7.6.2. Market Estimations and Forecasts 2020-2030($ Billion)
4.7.6.3. Key Players & Key Products
4.7.6.4. Key Conclusion

Chapter 5. Global Crude Oil Market by Type, 2020-2030, ($ Billion)
5.1. Market Definition and Scope
5.2. Decision Support Database and Estimation Methodology
5.3. Comparative Analysis Across Market Segments 2022-2030
5.4. Production Capacity Analysis by Type
5.5. Consumption Capacity Analysis by Type
5.6. Opportunity Matrix
5.7. Market Segmentation by Type
5.7.1. Global Heavy Crude Oil Market
5.7.1.1. Adoption Scenario and Market Determinants
5.7.1.2. Market Estimations and Forecasts 2020-2030 ($ Billion)
5.7.1.3. Key Players and Key Products
5.7.1.4. Key Conclusion
5.7.2. Global Light Crude Oil Market
5.7.2.1. Adoption Scenario and Market Determinants
5.7.2.2. Market Estimations and Forecasts 2020-2030 ($ Billion)
5.7.2.3. Key Players and Key Products
5.7.2.4. Key Conclusion

Chapter 6. Competitive Landscape
6.1. Key Strategies
6.1.1. List of Collaboration, Joint Venture & Partnership
6.1.2. List of Merger & Acquisition
6.1.3. List of Expansion
6.1.4. List of Investment
6.1.5. List of Road Map

Chapter 7. North America Crude Oil Market, 2020-2030, ($ Billion)
7.1. Market Overview
7.2 Segmentation Analysis by Region 2020-2030 ($Billion)
7.2.1. United States
7.2.2. Canada

Chapter 8. UK & European Crude Oil Market, 2020-2030, ($ Billion)
8.1. Market Overview
8.2. Segmentation Analysis by Region 2020-2030 ($ Billion)
8.2.1. United Kingdom
8.2.2. France
8.2.3. Germany
8.2.4. Russia
8.2.5. Rest of Europe

Chapter 9. Asia-Pacific Crude Oil Market, 2020-2030, ($ Billion)
9.1. Market Overview
9.2. Segmentation Analysis by Region 2020-2030 ($Billion)
9.2.1. China
9.2.2. India
9.2.3. Japan
9.2.4. Australia
9.2.5. Rest of Asia-Pacific

Chapter 10. Row Crude Oil Market, 2020-2030, ($ Billion)
10.1. Market Overview
10.2. Segmentation Analysis by Region 2020-2030 ($ Billion)
10.2.1. Latin America
10.2.2. Middle East & Africa

Chapter 11. Company Profile
11.1. Exxon Mobil
11.2. Bp Global
11.3. Chevron Corp.
11.4. Royal Dutch Shell
11.5. Saudi Aramco
11.6. Sinopec Limited
11.7. Total S.A.
11.8. Pemex
11.9. Marathon Petroleum Corporation
11.10. Cairn India
11.11. National Iranian Oil Co.
11.12. Strategic Analysis
11.13. Lukoil
11.14. Gazprom
11.15. Kuwait Petroleum Corporation

Crude Oil Market - List of Tables

Table 1 Global Crude Oil Market by Application 2022-2030 ($ Billion)
Table 2 Drivers Impact Analysis of Global Surgical/Operating Microscope Market
Table 3 World Supply and Capacity of Ammonia, Phosphoric Acid and Potash, 2015-2020 (Million Tons)
Table 4 Restraint Impact Analysis of Global Crude Oil Market
Table 5 Opportunity Impact Analysis of Global Crude Oil Market
Table 6 Challenge Impact Analysis of Global Crude Oil Market
Table 7 Global Crude Oil Market by Application 2020-2030 ($ Billion)
Table 8 Global Gasoline Market by Geography 2020-2030 ($ Billion)
Table 9 Global Diesel Fuel & Heating Oil Market by Geography 2020-2030 ($ Billion)
Table 10 Global Jet Fuel Market by Geography 2020-2030 ($ Billion)
Table 11 Global Lpg Market by Geography 2020-2030 ($ Billion)
Table 12 Global Liquid Asphalt Market by Geography 2020-2030 ($ Billion)
Table 13 Global Others Market by Geography 2020-2030 ($ Billion)
Table 14 Global Crude Oil Market by Type 2020-2030 ($ Billion)
Table 15 Global Heavy Crude Oil Market by Geography 2020-2030 ($ Billion)
Table 16 Global Light Crude Oil Market by Geography 2020-2030 ($ Billion)
Table 17 Production Capacity Analysis by North America 2020-2030 (Billion Barrels / Year)
Table 18 Consumption Capacity Analysis by North America 2020-2030 (Billion Barrels / Year)
Table 19 North America Crude Oil Market 2020-2030 ($ Billion)
Table 20 North America Crude Oil Market by Application 2020-2030 ($ Billion)
Table 21 North America Crude Oil Market by Type 2020-2030 ($ Billion)
Table 22 United States Crude Oil Market by Application 2020-2030 ($ Billion)
Table 23 United States Crude Oil Market by Type 2020-2030 ($ Billion)
Table 24 Canada Crude Oil Market by Application 2020-2030 ($ Billion)
Table 25 Canada Crude Oil Market by Type 2020-2030 ($ Billion)
Table 26 Production Capacity Analysis by Europe 2020-2030 (Billion Barrels / Year)
Table 27 Production Capacity Analysis by Europe 2020-2030 (Billion Barrels / Year)
Table 28 Europe Crude Oil Market 2020-2030 ($ Billion)
Table 29 Europe Crude Oil Market by Application 2020-2030 ($ Billion)
Table 30 Europe Crude Oil Market by Type 2020-2030 ($ Billion)
Table 31 United Kingdom Crude Oil Market by Application f ($ Billion)
Table 32 United Kingdom Crude Oil Market by Type 2020-2030 ($ Billion)
Table 33 France Crude Oil Market by Application 2020-2030 ($ Billion)
Table 34 France Crude Oil Market by Type 2020-2030 ($ Billion)
Table 35 Germany Crude Oil Market by Application 2020-2030 ($ Billion)
Table 36 Germany Crude Oil Market by Type 2020-2030 ($ Billion)
Table 37 Russia Crude Oil Market by Application 2020-2030 ($ Billion)
Table 38 Russia Crude Oil Market by Type 2020-2030 ($ Billion)
Table 39 Rest of Europe Crude Oil Market by Application 2020-2030 ($ Billion)
Table 40 Rest of Europe Crude Oil Market by Type 2020-2030 ($ Billion)
Table 41 Asia-Pacific Crude Oil Market 2020-2030 ($ Billion)
Table 42 Asia-Pacific Segmentation Analysis by Application 2020-2030 ($ Billon)
Table 43 Asia-Pacific Segmentation by Type 2020-2030 ($Billion)
Table 44 China Crude Oil Market by Application 2020-2030 ($Billion)
Table 45 China Crude Oil Market by Type 2020-2030 ($ Billion)
Table 46 India Crude Oil Market by Application 2020-2030 ($ Billion)
Table 47 India Crude Oil Markey by Type 2020-2030 ($ Billion)
Table 48 Japan Crude Oil Market by Application 2020-2030 ($ Billion)
Table 49 Japan Crude Oil Market by Type 2020-2030 ($ Billion)
Table 50 Indonesia Crude Oil Markey by Application 2020-2030 ($ Billion)
Table 51 Indonesia Crude Oil Markey by Type 2020-2030 ($ Billion)
Table 52 Rest of Asia-Pacific Crude Oil Markey by Application 2020-2030($Billion)
Table 53 Rest of Asia-Pacific Crude Oil Market by Type 2020-2030 ($ Billion)
Table 54 Row Crude Oil Market 2020-2030 ($Billion)
Table 55 Row Segmentation Analysis by Application 2020-2030 ($Billon)
Table 56 Row Segmentation by Type 2020-2030 ($ Billion)
Table 57 Latin America Crude Oil Market by Application 2020-2030 ($ Billion)
Table 58 Latin America Crude Oil Markey by Type 2020-2030 ($ Billion)
Table 59 Middle East & Africa Crude Oil Market by Application 2020-2030 ($ Billion)
Table 60 Middle East & Africa Crude Oil Markey by Type 2020-2030 ($ Billion)

Crude Oil Market - List of Figures

Figure 1 Global Crude Oil Market Regional Analysis 2020-2030 (%)
Figure 2 Timeline of Global Crude Oil Market
Figure 3 Asia Pacific Crude Oil Market 2020-2030 ($ Billion)
Figure 4 Global Gasoline Market 2020-2030 ($ Billion)
Figure 5 Global Light Crude Oil Market 2020-2030 ($ Billion)
Figure 6 Us Crude Oil Market 2020-2030 ($ Billion)
Figure 7 India Crude Oil Market 2020-2030 (Million)
Figure 8 China Crude Oil Market 2020-2030 ($ Billion)
Figure 9 Middle East Crude Oil Market 2020-2030 ($ Billion)
Figure 10 Global Jet Fuel Market 2020-2030 ($ Billion)
Figure 11 Global LPG Market 2020-2030 ($ Billion)
Figure 12 Active Rigs by Region 2015 & 2016 (%)
Figure 13 Primary Energy Demand Comparison by Fuel Type (%)
Figure 14 Factors Affecting Prices of Crude Oil
Figure 15 See-Saw Analysis of Global Crude Oil Market
Figure 16 Commercial Motor Vehicle Sales (in Millions)
Figure 17 Worldwide Passenger Vehicle Sales
Figure 18 Imports of Crude Oil (1,000 B/D)
Figure 19 China Vehicle Production in Units
Figure 20 Oil Demand by Country (1,000 B/D)
Figure 21 Global Gasoline Market 2020-2030 ($ Billion)
Figure 22 Global Diesel Fuel & Heating Oil Market 2020-2030 ($ Billion)
Figure 23 Global Jet Fuel Market 2020-2030 ($ Billion)
Figure 24 Global LPG Market 2020-2030 ($ Billion)
Figure 25 Global Liquid Asphalt Market 2020-2030 ($ Billion)
Figure 26 Global Others Market 2020-2030 ($ Billion)
Figure 27 Comparative Analysis Across Market Segments 2022 & 2030 (%)
Figure 28 Global Heavy Crude Oil Market 2020-2030 ($ Billion)
Figure 29 Global Light Crude Oil Market 2020-2030 ($ Billion)
Figure 30 United States Crude Oil Market 2020-2030 ($ Billion)
Figure 31 Canada Crude Oil Market 2020-2030 ($ Billion)
Figure 32 United Kingdom Crude Oil Market 2020-2030 ($ Billion)
Figure 33 France Crude Oil Market 2020-2030 ($ Billion)
Figure 34 Germany Crude Oil Market 2020-2030 ($ Billion)
Figure 35 Russia Crude Oil Market 2020-2030 ($ Billion)
Figure 36 Rest of Europe Crude Oil Market 2020-2030 ($ Billion)
Figure 37 China Crude Oil Market 2020-2030 ($ Billion)
Figure 38 India Crude Oil Market 2020-2030 ($ Billion)
Figure 39 Japan Crude Oil Market 2020-2030 ($ Billion)
Figure 40 Indonesia Crude Oil Market 2020-2030 ($ Billion)
Figure 41 Rest of Asia-Pacific Crude Oil Market 2020-2030 ($ Billion)
Figure 42 Latin America Crude Oil Market 2020-2030 ($ Billion)
Figure 43 Middle East & Africa Crude Oil Market 2020-2030 ($ Billion)