The Business
Research Company’s latest report Oil Downstream Activities Global Market Report
2020 covers Oil Downstream Activities market drivers, Oil Downstream Activities
market trends, Oil Downstream Activities market segments, Oil Downstream
Activities market growth rate, Oil Downstream Activities market major players,
and Oil Downstream Activities
market size. The report provides in-depth analysis of the impact of COVID-19 on
the Oil Downstream Activities industry, along with revised market numbers due
to the effects of the coronavirus.
View Complete Report:
Oil Downstream
Activities Global Market Report 2020 is the most comprehensive report available
on this market and will help
gain a truly global perspective as it covers 60 geographies. The chapter on the
impact of COVID-19 gives valuable insights on supply chain disruptions,
logistical challenges, and other economic implications of the virus on the
market. The chapter also covers markets which have been positively affected by
the pandemic.
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The global oil downstream activities market
is expected to decline from $2856.8 billion in 2019 to $1623.6 billion in 2020
at a compound annual growth rate (CAGR) of -43.2%. The decline is mainly due to
economic slowdown across countries owing to the COVID-19 outbreak and the
measures to contain it. The market is then expected to recover and grow at a
CAGR of 6% from 2021 and reach $1926.4 billion in 2023.
The global oil downstream activities market
is segmented by type into refined petroleum products manufacturing, asphalt,
lubricating oil, and grease manufacturing. Subsegments covered are diesel,
gasoline, fuel oil, kerosene, others - refined petroleum products
manufacturing, asphalt, other petroleum products.
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