Home Press Releases Conventional Oil Market to reach USD 3493.71 Bn by 2029, emerging at a CAGR of 3.8 percent and forecast (2023-2029)

Conventional Oil Market to reach USD 3493.71 Bn by 2029, emerging at a CAGR of 3.8 percent and forecast (2023-2029)

by Press Room


(EMAILWIRE.COM, May 29, 2023 ) The total global market for the “Conventional Oil Market” was valued at USD 2687.32 Bn in 2021 and is expected to grow at a CAGR of 3.8 percent over the forecast period to reach USD 3493.71 Bn by 2029. The report analyzed by Maximize Market Research, on the Conventional Oil Market, covers an extensive regional analysis and competitive landscape.

Conventional Oil Market Report Scope and Research Methodology

The report provides a strategic analysis of the Conventional Oil Market analysis from top key players including market share, size, major drivers, challenges, and opportunities. For the industrial analysis PESTLE, a SWOT analysis tool was used for the global Conventional Oil Market.

Request For Free Sample Report: https://www.maximizemarketresearch.com/request-sample/185224

Conventional Oil Market Dynamics

In developing countries, the growth of the transportation industry is the main component of modern society. This growth is driving the demand for conventional oil products such as gasoline, petrol, and diesel. Digitalization, advanced technology, recovery techniques and demand for automotive vehicles are expected to drive the market growth.

Conventional Oil Market Regional Insights

The regional growth is driven by well-developed oil infrastructure such as pipelines, refineries and storage facilities. A high level of investment in oil infrastructure is expected to boost the market growth potential over the period. In 2022 North America hold the largest market share.

Get a Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/185224

Conventional Oil Market Segmentation

By Type

Light Distillate

Middle Distillates

Heavy Ends

Others

By Sulfur Content

Low Sulfur

High Sulfur

By End-User Industry

Automotive

Chemical

Power Generation

Industrial

Others

Conventional Oil Key Players includes:

BP

Chevron

Eni

ExxonMobil

Shell

Total

CNPC

Equinor

Petrobras

Repsol

Saudi Aramco

ConocoPhillips

Total

PetroChina

Gazprom

Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/185224

Maximize Market Research is leading Energy & Power research firm, has also published the following reports:

Unconventional Gas Market– The Market size is expected to reach USD 197.16 Bn by 2029 at a CAGR of 8.2 percent during the forecast period.

High Oleic Oil Market– The Market size is expected to reach USD 15.5 Bn by 2029 at a CAGR of 5.8 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and 2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Défense and other manufacturing sectors.



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