China Oil and Gas Downstream Market Size, Growth | 2031
China Oil and Gas Downstream Market Size, Growth | 2031
Segments - China Oil and Gas Downstream Market by Types (Petrochemical Plants and Refinery) and Country - China Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :EP-2675
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| 76 Reviews
| 184 Pages
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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
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Rising oil & gas utilization owing to rapid urbanization in the nation is anticipated to drive the market growth.
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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.
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Increment in electric vehicle supplies can hinder the growth of oil & gas downstream market.
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Rapid industrialization and recovery of the economy post the pandemic is anticipated to fuel the market growth.
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Decreasing oil and gas production to reduce carbon footprint can hamper the growth of the market.
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Depleting resources of crude oil and the demand for alternative energy sources can create challenges for the market growth.
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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.
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Attributes |
Details |
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Report Title |
China Oil and Gas Downstream Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Petrochemical Plants and Refinery) |
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Country |
China |
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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 |
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.
Frequently Asked Questions
As of 2019, China had around 179 active crude oil refineries, with several planned refineries expected to begin operations by 2030.
The report covers the forecast period from 2023 to 2031, with historic data from 2016 to 2021 and a base year of 2022.
Technological advancements are helping plants manage operations more efficiently, increase productivity, ensure safety, comply with environmental regulations, and reduce refining costs.
Products include gasoline, diesel, jet fuel, lubricants, plastics, synthetic rubber, fertilizers, pesticides, and other petroleum-based products.
Major companies include Chevron Corporation, Sinopec Shanghai Petrochemical Co., Ltd., TotalEnergies SA, Shell Energy (China) Limited, and China National Petroleum Corporation.
The refinery segment is anticipated to constitute a key market share, driven by improvements in downstream infrastructure and rising demand for petroleum products.
Challenges include the increase in electric vehicle adoption, decreasing oil and gas production to reduce carbon footprint, depleting crude oil resources, and the demand for alternative energy sources.
Key drivers include rising oil and gas utilization due to rapid urbanization, advancements in liquid administration technologies, increasing replacement of steel piping with composites, rapid industrialization, and economic recovery post-pandemic.
The China oil and gas downstream market is expected to expand at a CAGR of 4.58% during the forecast period from 2023 to 2031.
The China oil and gas downstream market refers to the sector involved in refining crude oil and processing natural gas into finished products such as gasoline, diesel, jet fuel, lubricants, plastics, and other petrochemicals. It includes activities closest to the end consumer, such as distribution and marketing.
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 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
Methodology
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