Italy Oil & Gas Downstream Market Size, Share, Analysis 2031

Segments - Italy Oil & Gas Downstream Market by Refineries, Petrochemical Plants, and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Swapnil Hedau

Report Description

The Italy oil & gas downstream market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 0.5% during 2023–2031.The growth of the market is attributed to the rising disposable income, stable political environment, and increasing foreign investment.

Italy Oil & Gas Downstream Market Outlook

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.

Market Trends, Drivers, Restraints, and Opportunities

Increasing production of oil is expected to boost the demand for the oil & gas downstream market during the forecast period.
Rising exploration of oil wells and increasing production of fossil fuels are projected to drive the market growth.
Reducing transportation cost of oil is estimated to propel the market expansion in the projected timeline.
Growing adoption of gas to liquid technology to high-quality petroleum products is anticipated to spur the market growth.
Expanding usage of natural gas as a substitute to crude oil as gas is one of the key drivers fueling the market growth. Natural gas is the cleanest burning fossil fuel and is abundant, versatile, and easily affordable, which has increased its demand in the country.
Rapid growth of the renewable energy sector can challenge the growth of the market in the coming years.
Sluggish growth of oil & gas downstream industry due to economic slowdown across countries owing to the COVID-19 outbreak is anticipated to hamper the market expansion. However, declining cases of the virus is expected to help the market recover soon.
Increasing R&D investment and ongoing technological advancement in the oil & gas sector is projected to create significant opportunities for the market players in the projected timeline.

Scope of the Report

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	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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.

Italy Oil & Gas Downstream Market Segment Insights

Refineries segment is projected to register at healthy CAGR

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.

Petrochemical plants segment is anticipated to account for a large market share

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 hydro desulphurization. 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.

Segments

Segments Covered in the Report

The Italy oil & gas downstream market has been segmented as

Refineries

Petrochemicals

Country

Italy

Key Players

Esso Italiana Srl
Eni SPA
PJSC Lukoil Oil Company
Total SA
Anonima Petroli Italiana.

Competitive Landscape

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.

Italy Oil & Gas Downstream Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Italy 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. Italy 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. Italy Oil & Gas Downstream Market - Supply Chain
  4.5. Global Italy Oil & Gas Downstream Market Forecast
     4.5.1. Italy Oil & Gas Downstream Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Italy Oil & Gas Downstream Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Italy Oil & Gas Downstream Market Absolute $ Opportunity
5. Global Italy Oil & Gas Downstream Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Italy Oil & Gas Downstream Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Italy Oil & Gas Downstream Demand Share Forecast, 2019-2026
6. North America Italy Oil & Gas Downstream Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Italy Oil & Gas Downstream Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Italy Oil & Gas Downstream Demand Share Forecast, 2019-2026
7. Latin America Italy 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Italy Oil & Gas Downstream Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Italy Oil & Gas Downstream Demand Share Forecast, 2019-2026
8. Europe Italy 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. Europe Average Pricing Analysis
  8.2. Europe Italy Oil & Gas Downstream Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Italy Oil & Gas Downstream Demand Share Forecast, 2019-2026
9. Asia Pacific Italy 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Italy Oil & Gas Downstream Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Italy Oil & Gas Downstream Demand Share Forecast, 2019-2026
10. Middle East & Africa Italy 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Italy Oil & Gas Downstream Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Italy Oil & Gas Downstream Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Italy Oil & Gas Downstream Market: Market Share Analysis
  11.2. Italy Oil & Gas Downstream Distributors and Customers
  11.3. Italy Oil & Gas Downstream Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Esso Italiana Srl
     11.4.2. Eni SPA
     11.4.3. PJSC Lukoil Oil Company
     11.4.4. Total SA
     11.4.5. Anonima Petroli Italiana.