Dublin, July 09, 2019 (GLOBE NEWSWIRE) -- The "Global Petroleum Liquid Feedstock Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Rising demand for petrochemical feedstock
Many industries rely on petrochemicals. These petrochemicals require a large amount of crude oil and gas and its derivatives for its manufacturing. The growing production of petrochemicals will boost the demand for primary petrochemical feedstock chemicals such as naphtha and ethane and lead to the expansion of the global petroleum liquid feedstock market at a CAGR of more than 30% during the forecast period.
Market Dynamics & Segments
This petroleum liquid feedstock market analysis considers sales from types including naphtha and gas oil. The analysis also considers the sales of petroleum liquid feedstock in APAC, Europe, North America, South America, and MEA.
In 2018, the naphtha segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increased refining capacity and investments in oil refining will play a significant role in the naphtha segment to maintain its market position.
Also, the market report looks at factors such as rapid growth of the transportation sector, rising demand for petrochemical feedstock, and increasing petrochemical plant and refinery capacity.
However, volatility in global crude oil prices, rising demand for alternate energy sources, and stringent regulations on environmental pollution may hamper the growth of the petroleum liquid feedstock industry over the forecast period.
Innovations in downstream sector
Exploration & production companies in the downstream sector are involved in the processing of crude oil and natural gas. They produce value-added petroleum products from natural gas and crude oil. Petroleum refineries are adopting advanced control and analysis technologies to optimize their refining operations and enhance the yield of refinery products. This further drives the adoption of petrochemical feedstock chemicals and is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global petroleum liquid feedstock market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading petroleum liquid feedstock manufacturers that include: BP, Chevron Corp, Exxon Mobil Corp, Royal Dutch Shell, Saudi Arabian Oil Co, and TOTAL.
Also, the petroleum liquid feedstock market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/cfaief
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