Azerbaijan Oil and Gas Downstream Market Growth | 2030
Azerbaijan Oil and Gas Downstream Market Growth | 2030
Segments - Azerbaijan Oil and Gas Downstream Market by Process Types (Petrochemical plants and Refineries) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :EP-1770
| 4.2 Rating
| 85 Reviews
| 193 Pages
| Format :
Report Description
The Azerbaijan oil and gas downstream market size is expected to expand at a significant CAGR of more than 1.21% during the forecast period, 2021–2028. The growth of the market is attributed to the rising interest for flammable gas and increasing production of oil and gas.
One of the most important crude oil blends in Azerbaijan is BTC with an API grade of 36.6, which is a high-quality crude oil with sulphur content as low as 0.16%. The oil is of high quality and almost no maintenance and refining equipment are required. With the increase in oil and natural gas production, profitability is expected to increase during the forecast period due to the increase in country’s oil and gas production during the forecast period.
Upstream, midstream, and downstream are the three main sectors of the oil and gas business. The downstream industry includes the refining of petroleum crude oil, processing and purification of raw natural gas, and marketing & distribution of crude oil and natural gas-derived goods. Gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG), as well as hundreds of petrochemicals, are all products of the downstream industry.
The ongoing COVID-19 epidemic had a significant impact on many industries, but the worldwide oil and gas industry has been particularly heavily struck. Many oil and gas corporations have been forced to shut down Covid-19, which had an adverse impact on output in both upstream and downstream activities. The price drop of crude oil in a short period of time was perhaps the largest and most important consequence of the coronavirus epidemic on the downstream oil industry. Companies are turning to gas-to-liquid technology to reduce pollution and produce high-quality petroleum products.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing import and export of oil and gas is expected to boost the market during the forecast period.
- Increasing demand of natural gas and rising investment in refineries is anticipated to boost the market during the forecast period.
- Growing consumption of flammable gas, oil, and petrochemical items is anticipated to fuel the market in coming years.
- High price and decreasing consumption of oil and gas is expected to hamper the market growth.
- Growing awareness among people and strict rules by government act as major factors that can restrict the market growth during the forecast period.
- R&D investment to meet the growing demand for oil and gas products, government policies and support related to oil and gas exploration and production are expected to create immense opportunities for the market players.
Scope of the Report
The report on the Azerbaijan oil and gas downstream market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Azerbaijan Oil and Gas Downstream Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Refineries and Petrochemical Plants |
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Country |
Azerbaijan |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
State Oil Company of Azerbaijan Republic, Total SA, KBR Inc., TechnipFMCplc, and Royal Dutch shell PLC. |
Market Segment Insights
The petrochemicals plants segment is projected to hold a major market share
Based on process types, the Azerbaijan oil & gas downstream market is divided into petrochemical plants and refineries. The petrochemical plants segment is expected to hold a key share of the market during the forecast period. Petrochemicals are chemical compounds made from natural resources such as petroleum or crude oil. Chemical compounds generated by petrochemical facilities can also be made using natural gas, shale gas, or coal as a basic resource. Petrochemical-based end-user items include fuel, fertilizer, and oils, as well as everyday commodities like credit cards, milk jugs, and appliances.
Olefins and aromatics are two types of petrochemicals made from petroleum. In 2018anew bitumen plant was installed, the Heydar refinery was modernized, and the first phase of the long-term planned 120,500 barrel/day refinery modernization project was completed, which aims to promote the growth of the industry. Heydar aliyev Baku oil refinery processes 21 kinds of Azerbaijan's, 24 kinds of petroleum, and 15 kinds of different petroleum products, including motor gasoline, aviation kerosene, diesel, heating oil, and petroleum coke.
Segments
Segments Covered in the Report
The Azerbaijan oil and gas downstream market has been segmented on the basis of
- Refineries
- Petrochemical Plants
Key Players
- State Oil Company of Azerbaijan Republic
- Total SA
- KBR Inc.
- TechnipFMCplc
- Royal Dutchshell PLC
Competitive Landscape
Key players competing in the Azerbaijan oil and gas downstream market include State Oil Company of Azerbaijan Republic, Total SA, KBR Inc., TechnipFMCplc, and Royal Dutchshell PLC
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil and Gas Downstream Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil and Gas Downstream Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil and Gas Downstream Market - Supply Chain
4.5. Global Oil and Gas Downstream Market Forecast
4.5.1. Oil and Gas Downstream Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil and Gas Downstream Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Oil and Gas Downstream Market Absolute $ Opportunity
5. Global Oil and Gas Downstream Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Oil and Gas Downstream Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Oil and Gas Downstream Demand Share Forecast, 2019-2026
6. North America Oil and Gas Downstream Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Oil and Gas Downstream Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Oil and Gas Downstream Demand Share Forecast, 2019-2026
7. Latin America Oil and Gas Downstream Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Oil and Gas Downstream Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Oil and Gas Downstream Demand Share Forecast, 2019-2026
8. Europe Oil and Gas Downstream Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Oil and Gas Downstream Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Oil and Gas Downstream Demand Share Forecast, 2019-2026
9. Asia Pacific Oil and Gas Downstream Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Oil and Gas Downstream Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Oil and Gas Downstream Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil and Gas Downstream Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Oil and Gas Downstream Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Oil and Gas Downstream Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Oil and Gas Downstream Market: Market Share Analysis
11.2. Oil and Gas Downstream Distributors and Customers
11.3. Oil and Gas Downstream Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. State Oil Company of Azerbaijan Republic
11.4.2. Total SA
11.4.3. KBR Inc.
11.4.4. TechnipFMCplc
11.4.5. Royal Dutchshell PLC
Methodology
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