China Oil & Gas Market by Sectors (Upstream [Onshore and Offshore], Midstream [Transportation and Storage], and Downstream [Refineries, and Petrochemical Plants]) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The China oil & gas market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to growing demand for energy with the rising population in the country.
Oil & natural gas are major industries in the energy market and play an influential role in the global economy as they are world's primary fuel sources. The processes and systems involved in producing and distributing oil & gas are highly complex, capital-intensive, and require state-of-the-art technology.
China ranks seventh in oil production and second in crude oil consumption in the world. However, higher levels of natural gas or liquefied natural gas (LNG) consumption are expected to depend on more pipeline imports from the other countries.
China began to take drastic measures with its internal oil reserve programs as domestic oil production in China supplies only two-thirds of its requirements. The estimated consumption of crude oil was about 600 million tons in 2020. As techniques for extracting and refining fossil fuels are improved, petroleum and natural gas has become sought-after resources.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing exploration of unconventional gas resources is one of the major drivers that is contributing to the growth of the China oil & gas market.
- Rising technological advancements has resulted in the adoption of different types of drilling for oil & gas extraction, such as horizontal and directional drilling, which is expected to augment the market growth.
- Rising adoption of alternate transportation modes for oil & gas can restraint the market growth.
- Growing demand for renewable energy to reduce the rising carbon foot print can hinder the market growth.
- Stringent US sanctions can hinder the growth of the market.
- Growing number of government investments in the oil & gas industry is anticipated to create lucrative opportunities during the forecast period.
Scope of the Report
The report on the China oil & gas 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 Market - China Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Sectors (Upstream [Onshore and Offshore], Midstream [Transportation and Storage], and Downstream [Refineries and Petrochemical Plants]) |
|
Regional scope |
North America, Latin America, Europe, Asia Pacific and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
China National Petroleum Corp., China Petroleum & Chemical Corporation (Sinopec), China National Offshore Oil Corporation (CNOOC), Exxon Mobil Corporation, Chevron Corporation, BP Plc, and Royal Dutch Shell Plc. |
China Oil & Gas Market Segment Insights:
Downstream segment to account a major market share
Based on sectors, the market is divided into upstream, midstream, and downstream. The upstream is divided into onshore and offshore. The midstream segment is further segmented into transportation and storage. The downstream segment is sub-segmented into refineries and petrochemical plants. The downstream segment is anticipated to account for a major market share owing to the rising demand for petroleum products. Out of all petroleum products, road-gasoline is expected to a higher demand of around 140 MT, followed by road-diesel of 90 MT. Thus, rising demand for petroleum products in various sectors is expected to expand the downstream sector.
The upstream segment is anticipated to account for a considerable market share during the forecast period. Growing demand for sustainable extraction practices/technology is expected to proliferate the growth of the market. Conversely, the midstream segment is expected to grow at a steady rate owing to increasing demand for storage facilities due to rising energy demand in the country.
Segments
Segments Covered in the Report
The china oil & gas have been segmented on the basis of
Sectors
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Upstream
-
Onshore
-
Offshore
-
-
Midstream
-
Transportation
-
Storage
-
-
Downstream
-
Refineries
-
Petrochemical Plants
-
Country
- China
Key Players
- China National Petroleum Corp
- China Petroleum & Chemical Corporation (Sinopec)
- China National Offshore Oil Corporation (CNOOC)
- Exxon Mobil Corporation
- Chevron Corporation
- BP Plc
- Royal Dutch Shell Plc.
Competitive Landscape
The major players of the market are China National Petroleum Corp., China Petroleum & Chemical Corporation (Sinopec), China National Offshore Oil Corporation (CNOOC), Exxon Mobil Corporation, Chevron Corporation, BP Plc, and Royal Dutch Shell Plc.
Companies are coping with changes in end-use demand patterns and supply composition. The rise in environmental concerns rising focus on impact-focused investing, and growing adoption of creative strategies have encouraged major industry players to engage in R&D activities to reduce the environment burden. Moreover, they are engaging in partnerships with government state bodies and local players to expand their market share.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil & Gas 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 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 Market - Supply Chain
4.5. Global Oil & Gas Market Forecast
4.5.1. Oil & Gas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil & Gas Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Oil & Gas Market Absolute $ Opportunity
5. Global Oil & Gas 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. Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
6. North America Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
7. Latin America Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
8. Europe Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
9. Asia Pacific Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Oil & Gas Market: Market Share Analysis
11.2. Oil & Gas Distributors and Customers
11.3. Oil & Gas Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. China National Petroleum Corp
11.4.2. China Petroleum & Chemical Corporation (Sinopec)
11.4.3. China National Offshore Oil Corporation (CNOOC)
11.4.4. Exxon Mobil Corporation
11.4.5. Chevron Corporation
11.4.6. BP Plc
11.4.7. Royal Dutch Shell Plc.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil & Gas 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 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 Market - Supply Chain
4.5. Global Oil & Gas Market Forecast
4.5.1. Oil & Gas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil & Gas Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Oil & Gas Market Absolute $ Opportunity
5. Global Oil & Gas 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. Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
6. North America Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
7. Latin America Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
8. Europe Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
9. Asia Pacific Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil & Gas 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 Oil & Gas 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 Oil & Gas Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Oil & Gas Market: Market Share Analysis
11.2. Oil & Gas Distributors and Customers
11.3. Oil & Gas Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. China National Petroleum Corp
11.4.2. China Petroleum & Chemical Corporation (Sinopec)
11.4.3. China National Offshore Oil Corporation (CNOOC)
11.4.4. Exxon Mobil Corporation
11.4.5. Chevron Corporation
11.4.6. BP Plc
11.4.7. Royal Dutch Shell Plc.
Segments Covered in the Report
The china oil & gas have been segmented on the basis of
Sectors
-
Upstream
-
Onshore
-
Offshore
-
-
Midstream
-
Transportation
-
Storage
-
-
Downstream
-
Refineries
-
Petrochemical Plants
-
Country
- China
Key Players
- China National Petroleum Corp
- China Petroleum & Chemical Corporation (Sinopec)
- China National Offshore Oil Corporation (CNOOC)
- Exxon Mobil Corporation
- Chevron Corporation
- BP Plc
- Royal Dutch Shell Plc.
The major players of the market are China National Petroleum Corp., China Petroleum & Chemical Corporation (Sinopec), China National Offshore Oil Corporation (CNOOC), Exxon Mobil Corporation, Chevron Corporation, BP Plc, and Royal Dutch Shell Plc.
Companies are coping with changes in end-use demand patterns and supply composition. The rise in environmental concerns rising focus on impact-focused investing, and growing adoption of creative strategies have encouraged major industry players to engage in R&D activities to reduce the environment burden. Moreover, they are engaging in partnerships with government state bodies and local players to expand their market share.
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