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China Oil and Gas Downstream Market Size, Growth | 2031

China Oil and Gas Downstream Market

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Segments - by Types (Petrochemical Plants and Refinery) and Country - China Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Aamir Ansari

Fact-checked by :

Vineet Pandey

Editor :

Swapnil Hedau

Report Description

The China Oil and Gas Downstream Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 4.58% during the forecast period, 2023 – 2031. 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	Details
Report Title	China Oil and Gas Downstream Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Petrochemical Plants and Refinery)
Country	China
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Chevron Corporation; Sinopec Shanghai Petrochemical Co., Ltd.; TotalEnergies SA; Shell Energy (China) Limited; and China National Petroleum Corporation

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

China

Key Players

Chevron Corporation
Sinopec Shanghai Petrochemical Co., Ltd.
TotalEnergies SA
Shell Energy (China) Limited
China National Petroleum Corporation

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.

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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 Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Oil and Gas Downstream Market Size and Volume Forecast by Types
     5.3.1. Petrochemical Plants
     5.3.2. Refinery
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Oil and Gas Downstream Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Oil and Gas Downstream Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Oil and Gas Downstream Demand Share Forecast, 2019-2026
7. North 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
  7.2. North America Oil and Gas Downstream Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Oil and Gas Downstream Market Size and Volume Forecast by Types
     7.4.1. Petrochemical Plants
     7.4.2. Refinery
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Oil and Gas Downstream Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
  8.2. Latin America Oil and Gas Downstream Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Oil and Gas Downstream Market Size and Volume Forecast by Types
     8.4.1. Petrochemical Plants
     8.4.2. Refinery
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Oil and Gas Downstream Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
  9.2. Europe Oil and Gas Downstream Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Oil and Gas Downstream Market Size and Volume Forecast by Types
     9.4.1. Petrochemical Plants
     9.4.2. Refinery
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Oil and Gas Downstream Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Oil and Gas Downstream Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Oil and Gas Downstream Market Size and Volume Forecast by Types
     10.4.1. Petrochemical Plants
     10.4.2. Refinery
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Oil and Gas Downstream Demand Share Forecast, 2019-2026
11. Middle East & Africa Oil and Gas Downstream Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Oil and Gas Downstream Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Oil and Gas Downstream Market Size and Volume Forecast by Types
     11.4.1. Petrochemical Plants
     11.4.2. Refinery
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Oil and Gas Downstream Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Oil and Gas Downstream Market: Market Share Analysis
  12.2. Oil and Gas Downstream Distributors and Customers
  12.3. Oil and Gas Downstream Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Chevron Corporation
     12.4.2. Sinopec Shanghai Petrochemical Co., Ltd.
     12.4.3. TotalEnergies SA
     12.4.4. Shell Energy (China) Limited
     12.4.5. China National Petroleum Corporation

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