The China oil and gas downstream market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the development plans and taxation policies to increase pipeline projects and refining capacity.
Oil & gas downstream process converts natural oil and gases into finished products. These include refining of crude oil into gasoline, diesel, natural gas liquids, and variety of other energy sources. Companies working in the downstream sector are the closest organizations to end customers.

Oil & gas operations are segregated into midstream, upstream and downstream operations. Refining processes occur in the downstream or mainstream, and oil & gas distribution occurs in the downstream phase. Refining is a complex process. In this process, the unusable crude oil is in natural state and processed it into petroleum products for various application such as fueling vehicles, making petrochemical plastics, and heating homes.
Advancement in technologies help plants to manage its operation, increase the productivity and observe safety, follow environmental regulations, and health of individual. It improves the profitability in this marginal business.
The crude oil is transported and shipped for the mainstream process. Thereafter, the oil is refined, distributed, marketed, which occurs in downstream process. Crude oil refining into petroleum products also occurs in mainstream process.
The downstream cycle is the one that provides most products that are firmly connected to buyers. It is the area of the oil & gas industry that individuals can identify with the most. A portion of these products include condensed flammable gas, fuel, warming oil, manufactured elastic, plastics, greases, radiator fluid, manures, and pesticides.
Market Trends, Drivers, Restraints, and Opportunities
- Rising oil & gas utilization owing to rapid urbanization in the nation is anticipated to drive the market growth.
- Advancement in the fields of liquid administration and increasing replacement of steel channeling with composites for backport applications are expected to proliferate the growth of the market during the forecast period.
- Increment in electric vehicle supplies can hinder the growth of oil & gas downstream market.
- Rapid industrialization and recovery of the economy post the pandemic is anticipated to fuel the market growth.
- Decreasing oil and gas production to reduce carbon footprint can hamper the growth of the market.
- Depleting resources of crude oil and the demand for alternative energy sources can create challenges for the market growth.
- Ongoing innovation for the development of cost-effective manufacturing processes that can withstand extreme condition in the offshore location are estimated to impel the growth of the market.
Scope of Oil and Gas Downstream Market Report
The report on the China 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.
Attributes
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Details
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Report Title
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China Oil and Gas Downstream Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Petrochemical Plants and Refinery)
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Country
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China
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Report Coverage
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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
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Chevron Corporation; Sinopec Shanghai Petrochemical Co., Ltd.; TotalEnergies SA; Shell Energy (China) Limited; and China National Petroleum Corporation
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China Oil and Gas Downstream Market Segment Insights
Refinery segment is anticipated to constitute a key market share
Based on types, the market is bifurcated into petrochemical plants and refinery. The refinery market is projected to expand at a considerable CAGR during the forecast period. Improvement in downstream infrastructure and rising demand for petroleum products are driving the growth of the market. Petroleum products include diesel fuel, unfinished oils, jet fuel, gasoline, gasoline combined products, fuel ethanol, and other refinery inputs. Energy demand model provides a perspective on individual fuel request development inside various interest areas in a country.
System and arranging support includes complete incorporation of long haul situations with point by point supply and request and estimating projections. Advanced technologies are reducing the complexity of process and reducing the cost of refining. In 2019, China has around 179 active refineries of crude oil and many planned refineries are expected to begin their operation by 2030.

Segments
The China oil and gas downstream segmented on the basis of:
Types
- Petrochemical Plants
- Refinery
Country
Key Players
Competitive Landscape
The key players competing in the China oil and gas downstream market are Chevron Corporation; Sinopec Shanghai Petrochemical Co., Ltd.; TotalEnergies SA; Shell Energy (China) Limited; and China National Petroleum Corporation.
Companies are focusing on expanding their distribution channels to expand their market share.
