Product Code: 22617
The Global Oil and Gas Downstream Market will grow from USD 2801.00 Billion in 2024 to USD 3564.65 Billion by 2030 at a 4.10% CAGR. The global oil and gas downstream market primarily involves the intricate processes of refining crude oil into a diverse array of petroleum products, including gasoline, diesel, and jet fuel, as well as processing natural gas into various marketable forms and their subsequent distribution to end-users.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 2801.00 Billion |
| Market Size 2030 | USD 3564.65 Billion |
| CAGR 2025-2030 | 4.10% |
| Fastest Growing Segment | Refineries |
| Largest Market | Asia Pacific |
Key Market Drivers
The sustained growth of the global oil and gas downstream market is significantly driven by a combination of expanding worldwide energy requirements and the escalating need for specialized transportation fuels and petrochemical feedstocks. Growing global energy demand fundamentally underpins the market, necessitating higher volumes of refined products to meet consumption across residential, commercial, and industrial sectors. This broad energy requirement translates directly into increased crude oil processing, as nations strive to power economic development and improve living standards.
Key Market Challenges
The increasing stringency of environmental regulations worldwide directly impedes the growth of the global oil and gas downstream market. These regulatory frameworks, aimed at curtailing carbon emissions and promoting alternative energy sources, impose substantial financial burdens and necessitate significant operational reconfigurations within the sector. Refineries face escalating compliance costs, which directly impact profitability and investment decisions.
Key Market Trends
A key trend involves the strategic shift towards petrochemical-integrated refining, where refiners increasingly focus on diversifying their output beyond traditional fuels to meet escalating demand for chemical feedstocks. This integration enhances profitability and resilience by leveraging existing infrastructure for higher-value products. According to the International Energy Agency's (IEA) Oil 2025 - Analysis and Forecast to 2030 report, published in July 2025, petrochemicals accounted for over 95% of the net global oil demand growth from 2019 to 2024, emphasizing their growing importance.
Key Market Players
- ExxonMobil Corporation
- Royal Dutch Shell plc
- Chevron Corporation
- BP plc (British Petroleum)
- Total Energies SE
- China Petroleum & Chemical Corporation (Sinopec)
- Phillips 66 Company
- Valero Energy Corporation
- Marathon Petroleum Corporation
- Reliance Industries Limited
Report Scope:
In this report, the Global Oil and Gas Downstream Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Oil and Gas Downstream Market, By Type:
- Refineries
- Petrochemical Plants
Oil and Gas Downstream Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Oil and Gas Downstream Market.
Available Customizations:
Global Oil and Gas Downstream Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Oil and Gas Downstream Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Refineries, Petrochemical Plants)
- 5.2.2. By Region
- 5.2.3. By Company (2024)
- 5.3. Market Map
6. North America Oil and Gas Downstream Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Oil and Gas Downstream Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.2. Canada Oil and Gas Downstream Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.3. Mexico Oil and Gas Downstream Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
7. Europe Oil and Gas Downstream Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Oil and Gas Downstream Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.2. France Oil and Gas Downstream Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.3. United Kingdom Oil and Gas Downstream Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.4. Italy Oil and Gas Downstream Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.5. Spain Oil and Gas Downstream Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
8. Asia Pacific Oil and Gas Downstream Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Oil and Gas Downstream Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.2. India Oil and Gas Downstream Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.3. Japan Oil and Gas Downstream Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.4. South Korea Oil and Gas Downstream Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.5. Australia Oil and Gas Downstream Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
9. Middle East & Africa Oil and Gas Downstream Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Oil and Gas Downstream Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.2. UAE Oil and Gas Downstream Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.3. South Africa Oil and Gas Downstream Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
10. South America Oil and Gas Downstream Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Oil and Gas Downstream Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.2. Colombia Oil and Gas Downstream Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.3. Argentina Oil and Gas Downstream Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Oil and Gas Downstream Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. ExxonMobil Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Royal Dutch Shell plc
- 15.3. Chevron Corporation
- 15.4. BP plc (British Petroleum)
- 15.5. Total Energies SE
- 15.6. China Petroleum & Chemical Corporation (Sinopec)
- 15.7. Phillips 66 Company
- 15.8. Valero Energy Corporation
- 15.9. Marathon Petroleum Corporation
- 15.10. Reliance Industries Limited
16. Strategic Recommendations
17. About Us & Disclaimer