The Italy oil & gas downstream market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising disposable income, stable political environment, and increasing foreign investment.
Downstream operations involve converting oil & gas into the finished product. This includes refining crude oil into gasoline, natural gas liquids, and diesel. Oil & gas operations can be divided into upstream, midstream, and downstream. The refining process takes place in midstream, while downstream operation includes distribution of oil & gas. Refinery technicians carefully combine a variety of streams from the processing units to produce gasoline. Octane level and vapor pressure ratings are the key factors that determine the gasoline blend.
Downstream stage refers to the filtering of raw materials obtained during the upstream phase , which is also known as refining crude oil and purifying natural gas. The gas to liquid technology is the conversion of natural gas to high-quality liquid products such as transportation fuels, motor oils, naphtha, diesel, and waxes. Petroleum is the primary material for a multitude of chemical products, such as pharmaceuticals, fertilisers, solvents, and plastics. Petroleum refineries change crude oil into petroleum products for its usage in transportation, heating, paving roads, and generating electricity, and as feed stock for producing various chemicals.
The report on the Italy 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 |
Italy Oil and Gas Downstream Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Refineries and Petrochemicals |
Geographical Zone |
Italy |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Esso Italiana Srl, Eni SPA, PJSC Lukoil Oil Company, Total SA, and Anonima Petroli Italiana. |
The refineries segment is anticipated to expand at a healthy CAGR during the forecast period. Increasing government investment in the oil & gas refineries sector is expected to drive the market growth. Refining breaks crude oil down into various components, which are selectively reconfigured into new products. Rising number of players entering the oil & gas industry and increasing investment by private players are expected to propel the market segment.
The petrochemical plants segment is anticipated to hold a large market share during the forecast period owing to increasing number of initiatives and adoption of latest technology in the oil & gas downstream market. Growing oil & gas consumption is expected to drive the market growth. The downstream stage of the petrochemical industry includes hydrodesulphurization. This process removes poisonous hydrogen sulfide from crude oil and raw natural gas. Each stage of the petrochemical plants plays an important role in providing the petrochemical products.
The Italy oil & gas downstream market has been segmented as
Refineries
Petrochemicals
Country
Italy
Key Players
Key players competing in the Italy oil & gas downstream market include Esso Italiana Srl, Eni SPA, PJSC Lukoil Oil Company, Total SA, and Anonima Petroli Italiana.
Major industry players are engaging in partnerships and mergers to expand their market share.
The Italy oil & gas downstream market has been segmented as
Refineries
Petrochemicals
Country
Italy
Key Players
Key players competing in the Italy oil & gas downstream market include Esso Italiana Srl, Eni SPA, PJSC Lukoil Oil Company, Total SA, and Anonima Petroli Italiana.
Major industry players are engaging in partnerships and mergers to expand their market share.
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