Iran Oil & Gas Downstream Market

Iran Oil & Gas Downstream Market

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Aamir

Author :

Aamir Ansari

Vineet

Fact-checked by :

Vineet Pandey

Swapnil

Editor :

Swapnil Hedau

The Iran oil & gas downstream market size was valued at USD XX Billion in 2022 and is to reach USD XX Billion by 2031, expanding at CAGR 2.7% during the forecast period, 2023–2031. Growth of the market is attributed to favorable government policies, initiatives to boost the downstream industry, and planned projects. 

Upstream, midstream, and downstream are the three key segments of the oil and gas business. The downstream industry includes the refining of petroleum crude oil, processing and purification of raw natural gas, as well as marketing and distribution of crude oil and natural gas-derived goods.

Iran Oil & Gas Downstream Market Outlook

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 products of the downstream industry.

The downstream industry is important in a variety of sectors and businesses. It has a significant impact on a variety of medical items and equipment. Downstream is important in the agricultural industry since it is utilized in pesticides, fertilizers, and fuels for farm equipment. The Iran oil and gas downstream market forecast is quite optimistic due to increased oil consumption and refinery expansion in the country.

Iran has the potential to become a major supplier of natural gas to the region. It has reached agreements with some of its neighbors to export natural gas via a planned regional pipeline. The government of Iran is expected to be the driving force of growth in the industry as it focuses on increasing investment in the downstream sector to increase oil refining.

Increasing domestic demand for oil and natural gas, as well as increased investment in refineries and gas processing plants, are expected to boost demand for Iran's oil and gas downstream market during the forecast period.

Iran Oil & Gas Downstream Market Trends, Drivers, Restraints, and Opportunities

  • Factors such as favorable government policies, initiatives to boost the downstream industry, and planned projects are estimated to boost the market in the coming years.
  • Rapid growth of the oil and gas industry is main factor fueling the market during the forecast period.
  • Shortage of funding owing to a worldwide economic recession in the case of a COVID-19 outbreak is expected to hamper the market growth.
  • High cost of instruments and lack of skilled professionals act as major factor that can hinder the market expansion during the forecast period.
  • Favorable policies for private sector investment are estimated to create significant opportunities for the market players.

Scope of Iran Oil & Gas Downstream Market Report

The report on the Iran oil & 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

Oil & Gas Downstream Market - Iran Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Refineries and Petrochemicals Plants)

Country Scope

Iran

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

National Iranian Gas Company, Pars Oil Company, Iranol Oil Company, National Petrochemical Company, and National Iranian Oil Refining and Distribution Company

Iran Oil & Gas Downstream Market Segment Insights

Types Segment Analysis

Based on types, the Iran oil & gas downstream market is bifurcated into refineries and petrochemical plants. The refineries segment is expected to represent a key share of the market during the forecast period. In recent years, the refineries sector has dominated the Uzbek oil and gas downstream industry, and this trend is projected to continue during the forecast period.

The government is attempting to expand its downstream oil and gas sector through a series of investments in refinery modernization and growth. Refinery capacity in Iran increased from 1985 thousand barrels per day (kb/d) in 2015 to 2225 kb/d in 2018. The refinery throughput increased by 5.9 percent in 2018.

The Bid Boland Persian Gulf gas refinery is currently under construction, with an estimated investment of more than USD 3 billion. Due to US sanctions, Iran's oil refining capacity is expected to grow during the forecast period.

Iran Oil & Gas Downstream Market Types

Segments

The Iran oil & gas downstream market is segmented on the basis of

Types

  • Refineries
  • Petrochemicals Plants

Country

  • Iran

Key Players

  • National Iranian Gas Company
  • Pars Oil Company
  • Iranol Oil Company
  • National Petrochemical Company
  • National Iranian Oil Refining and Distribution Company

Competitive Landscape

The major players in the Iran oil & gas downstream market include National Iranian Gas Company, Pars Oil Company, Iranol Oil Company, National Petrochemical Company, and National Iranian Oil Refining and Distribution Company.

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.

Iran Oil & Gas Downstream Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil & 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 & 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 & Gas Downstream Market - Supply Chain
  4.5. Global Oil & Gas Downstream Market Forecast
     4.5.1. Oil & Gas Downstream Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Oil & Gas Downstream Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Oil & Gas Downstream Market Absolute $ Opportunity
5. Global Oil & 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 & Gas Downstream Market Size and Volume Forecast by Types
     5.3.1. Refineries
     5.3.2. Petrochemicals Plants
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Oil & 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 & 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 & Gas Downstream Demand Share Forecast, 2019-2026
7. North America Oil & 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 & 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 & Gas Downstream Market Size and Volume Forecast by Types
     7.4.1. Refineries
     7.4.2. Petrochemicals Plants
  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 & Gas Downstream Demand Share Forecast, 2019-2026
8. Latin America Oil & 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 & 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 & Gas Downstream Market Size and Volume Forecast by Types
     8.4.1. Refineries
     8.4.2. Petrochemicals Plants
  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 & Gas Downstream Demand Share Forecast, 2019-2026
9. Europe Oil & 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 & 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 & Gas Downstream Market Size and Volume Forecast by Types
     9.4.1. Refineries
     9.4.2. Petrochemicals Plants
  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 & Gas Downstream Demand Share Forecast, 2019-2026
10. Asia Pacific Oil & 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 & 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 & Gas Downstream Market Size and Volume Forecast by Types
     10.4.1. Refineries
     10.4.2. Petrochemicals Plants
  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 & Gas Downstream Demand Share Forecast, 2019-2026
11. Middle East & Africa Oil & 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 & 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 & Gas Downstream Market Size and Volume Forecast by Types
     11.4.1. Refineries
     11.4.2. Petrochemicals Plants
  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 & Gas Downstream Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Oil & Gas Downstream Market: Market Share Analysis
  12.2. Oil & Gas Downstream Distributors and Customers
  12.3. Oil & Gas Downstream Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. National Iranian Gas Company
     12.4.2. Pars Oil Company
     12.4.3. Iranol Oil Company
     12.4.4. National Petrochemical Company
     12.4.5. National Iranian Oil Refining
     12.4.6. Distribution Company.

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