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Crude Oil Market By Type (Very Light Oil, Light Oil, Medium Oil, Heavy Fuel Oil) , By Composition (Hydrocarbon Compounds, Non-Hydrocarbon Compounds, Inorganic Salts, Others) By Extraction Process (Conventional, Unconventional) By End Use (Transportation, Industrial, Residential, Commercial, Power Generation) : Global Opportunity Analysis and Industry Forecast, 2024-2033

July 2024 | 420 pages | ID: C33CB2C2F410EN
Allied Market Research

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Crude Oil Market

The crude oil market was valued at $2.6 trillion in 2023 and is projected t%li%reach $3.0 trillion by 2033, growing at a CAGR of 1.5% from 2024 t%li%2033.

Crude oil is a naturally occurring liquid petroleum that is a mixture of several volatile hydrocarbons. The composition of crude oil comprises 82-87% carbon by weight and 12-15% hydrogen by weight. Crude oil is extracted from the geological formations present below the surface of Earth and is produced due t%li%heating and compression of organic materials for long durations. Crude oil is refined t%li%convert it int%li%usable forms such as jet fuel and gasoline.

With increasing urbanization and industrialization, the demand for energy has surged globally, hence driving the growth of the crude oil market. In addition, the rapidly expanding automotive industry is rising the demand for crude oil as most of the vehicles across the globe rely on petroleum-based fuels for their operations. Currently, the deployment of AI and the Internet of Things technology int%li%the processes associated with crude oil is trending in the market. These technologies are facilitating production efficiency, enabling remote monitoring of mining sites, and providing data-based analysis for quick & reliable decision-making. The integration of ingenious technologies is expected t%li%enhance the safety of workers associated with crude-oil extraction.

However, the growth of the market remains highly dependent on economic conditions and geopolitical situations of countries. This leads t%li%uncertainty in the market. Furthermore, rise in awareness pertaining t%li%the hazardous climatic impact of burning crude oil-based fuels is reducing the demand for crude oil, hampering the market development. Despite the hindrances, the crude oil market is poised for several lucrative growth opportunities in the future due t%li%constantly growing demand. According t%li%the International Energy Agency, by 2028, the global demand for crude oil is expected t%li%rise by 6% and is estimated t%li%reach 105.7 million barrels per day owing t%li%strong support from petrochemical and aviation sectors.

Segment Review

The crude oil market is segmented int%li%type, composition, extraction process, end use, and region. On the basis of type, the market is divided int%li%very light oil, light oil, medium oil, and heavy fuel oil. As per composition, it is classified int%li%hydrocarbon compounds, non-hydrocarbon compounds, inorganic salts, and others. Depending on extraction process, it is bifurcated int%li%conventional and unconventional. As per end use, it is categorized int%li%transportation, industrial, residential, commercial, and power generation. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of type, the medium oil segment held the highest market share in 2023.

As per composition, the hydrocarbon compounds segment acquired a high stake in the market in 2023.

Depending on extraction process, the conventional segment accounted for a high market share in 2023.

As per end use, the transportation segment was the highest shareholder in 2023

Region wise, North America was the highest revenue generator in 2023.

Competition Analysis

The leading players operating in the global crude oil market include Saudi Arabian Oil Co., National Iranian Oil Company (NIOC), Exxon Mobil Corporation, China National Petroleum Corporation, bp p.l.c., Royal Dutch Shell, Chevron Corporation, KUWAIT PETROLEUM CORPORATION, TotalEnergies, and Petrobras. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, t%li%strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:
  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
      • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
    • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • Capital Investment breakdown
  • Product Benchmarking / Product specification and applications
  • Supply Chain Analysis & Vendor Margins
  • Upcoming/New Entrant by Regions
  • Technology Trend Analysis
  • New Product Development/ Product Matrix of Key Players
  • Regulatory Guidelines
    • Additional company profiles with specific t%li%client's interest
  • Additional country or region analysis- market size and forecast
  • Historic market data
  • Import Export Analysis/Data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • List of customers/consumers/raw material suppliers- value chain analysis
  • SWOT Analysis
  • Volume Market Size and Forecast
Key Market Segments

By Type
  • Very Light Oil
  • Light Oil
  • Medium Oil
  • Heavy Fuel Oil
By Composition
  • Hydrocarbon Compounds
  • Non-Hydrocarbon Compounds
  • Inorganic Salts
  • Others
By Extraction Process
  • Conventional
  • Unconventional
By End Use
  • Transportation
  • Industrial
  • Residential
  • Commercial
  • Power Generation
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA
  • Key Market Players
  • Saudi Arabian Oil Co.
  • National Iranian Oil Company (NIOC)
  • Exxon Mobil Corporation
  • China National Petroleum Corporation
  • bp p.l.c.
  • Royal Dutch Shell
  • Chevron Corporation
  • KUWAIT PETROLEUM CORPORATION
  • TotalEnergies
  • Petrobras
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: ALKYD COATINGS MARKET, BY TECHNOLOGY

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Technology
4.2. Solvent-borne Alkyds
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Waterborne Alkyds
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. High-solids Alkyds
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country
4.5. Others
  4.5.1. Key Market Trends, Growth Factors and Opportunities
  4.5.2. Market Size and Forecast, By Region
  4.5.3. Market Share Analysis, By Country

CHAPTER 5: ALKYD COATINGS MARKET, BY RESIN TYPE

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Resin Type
5.2. Non-Drying Alkyd Resins
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Drying Alkyd Resins
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Semi-Drying Alkyd Resins
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country

CHAPTER 6: ALKYD COATINGS MARKET, BY APPLICATION

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Application
6.2. Decorative Coatings
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Industrial Coatings
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. Automotive Coatings
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country
6.5. Others
  6.5.1. Key Market Trends, Growth Factors and Opportunities
  6.5.2. Market Size and Forecast, By Region
  6.5.3. Market Share Analysis, By Country

CHAPTER 7: ALKYD COATINGS MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Technology
  7.2.3. Market Size and Forecast, By Resin Type
  7.2.4. Market Size and Forecast, By Application
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Alkyd Coatings Market
    7.2.6.1. Market Size and Forecast, By Technology
    7.2.6.2. Market Size and Forecast, By Resin Type
    7.2.6.3. Market Size and Forecast, By Application
  7.2.7. Canada Alkyd Coatings Market
    7.2.7.1. Market Size and Forecast, By Technology
    7.2.7.2. Market Size and Forecast, By Resin Type
    7.2.7.3. Market Size and Forecast, By Application
  7.2.8. Mexico Alkyd Coatings Market
    7.2.8.1. Market Size and Forecast, By Technology
    7.2.8.2. Market Size and Forecast, By Resin Type
    7.2.8.3. Market Size and Forecast, By Application
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Technology
  7.3.3. Market Size and Forecast, By Resin Type
  7.3.4. Market Size and Forecast, By Application
  7.3.5. Market Size and Forecast, By Country
  7.3.6. France Alkyd Coatings Market
    7.3.6.1. Market Size and Forecast, By Technology
    7.3.6.2. Market Size and Forecast, By Resin Type
    7.3.6.3. Market Size and Forecast, By Application
  7.3.7. Germany Alkyd Coatings Market
    7.3.7.1. Market Size and Forecast, By Technology
    7.3.7.2. Market Size and Forecast, By Resin Type
    7.3.7.3. Market Size and Forecast, By Application
  7.3.8. Italy Alkyd Coatings Market
    7.3.8.1. Market Size and Forecast, By Technology
    7.3.8.2. Market Size and Forecast, By Resin Type
    7.3.8.3. Market Size and Forecast, By Application
  7.3.9. Spain Alkyd Coatings Market
    7.3.9.1. Market Size and Forecast, By Technology
    7.3.9.2. Market Size and Forecast, By Resin Type
    7.3.9.3. Market Size and Forecast, By Application
  7.3.10. UK Alkyd Coatings Market
    7.3.10.1. Market Size and Forecast, By Technology
    7.3.10.2. Market Size and Forecast, By Resin Type
    7.3.10.3. Market Size and Forecast, By Application
  7.3.11. Russia Alkyd Coatings Market
    7.3.11.1. Market Size and Forecast, By Technology
    7.3.11.2. Market Size and Forecast, By Resin Type
    7.3.11.3. Market Size and Forecast, By Application
  7.3.12. Rest of Europe Alkyd Coatings Market
    7.3.12.1. Market Size and Forecast, By Technology
    7.3.12.2. Market Size and Forecast, By Resin Type
    7.3.12.3. Market Size and Forecast, By Application
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Technology
  7.4.3. Market Size and Forecast, By Resin Type
  7.4.4. Market Size and Forecast, By Application
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Alkyd Coatings Market
    7.4.6.1. Market Size and Forecast, By Technology
    7.4.6.2. Market Size and Forecast, By Resin Type
    7.4.6.3. Market Size and Forecast, By Application
  7.4.7. Japan Alkyd Coatings Market
    7.4.7.1. Market Size and Forecast, By Technology
    7.4.7.2. Market Size and Forecast, By Resin Type
    7.4.7.3. Market Size and Forecast, By Application
  7.4.8. India Alkyd Coatings Market
    7.4.8.1. Market Size and Forecast, By Technology
    7.4.8.2. Market Size and Forecast, By Resin Type
    7.4.8.3. Market Size and Forecast, By Application
  7.4.9. South Korea Alkyd Coatings Market
    7.4.9.1. Market Size and Forecast, By Technology
    7.4.9.2. Market Size and Forecast, By Resin Type
    7.4.9.3. Market Size and Forecast, By Application
  7.4.10. Australia Alkyd Coatings Market
    7.4.10.1. Market Size and Forecast, By Technology
    7.4.10.2. Market Size and Forecast, By Resin Type
    7.4.10.3. Market Size and Forecast, By Application
  7.4.11. Thailand Alkyd Coatings Market
    7.4.11.1. Market Size and Forecast, By Technology
    7.4.11.2. Market Size and Forecast, By Resin Type
    7.4.11.3. Market Size and Forecast, By Application
  7.4.12. Malaysia Alkyd Coatings Market
    7.4.12.1. Market Size and Forecast, By Technology
    7.4.12.2. Market Size and Forecast, By Resin Type
    7.4.12.3. Market Size and Forecast, By Application
  7.4.13. Indonesia Alkyd Coatings Market
    7.4.13.1. Market Size and Forecast, By Technology
    7.4.13.2. Market Size and Forecast, By Resin Type
    7.4.13.3. Market Size and Forecast, By Application
  7.4.14. Rest of Asia-Pacific Alkyd Coatings Market
    7.4.14.1. Market Size and Forecast, By Technology
    7.4.14.2. Market Size and Forecast, By Resin Type
    7.4.14.3. Market Size and Forecast, By Application
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Technology
  7.5.3. Market Size and Forecast, By Resin Type
  7.5.4. Market Size and Forecast, By Application
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Brazil Alkyd Coatings Market
    7.5.6.1. Market Size and Forecast, By Technology
    7.5.6.2. Market Size and Forecast, By Resin Type
    7.5.6.3. Market Size and Forecast, By Application
  7.5.7. South Africa Alkyd Coatings Market
    7.5.7.1. Market Size and Forecast, By Technology
    7.5.7.2. Market Size and Forecast, By Resin Type
    7.5.7.3. Market Size and Forecast, By Application
  7.5.8. Saudi Arabia Alkyd Coatings Market
    7.5.8.1. Market Size and Forecast, By Technology
    7.5.8.2. Market Size and Forecast, By Resin Type
    7.5.8.3. Market Size and Forecast, By Application
  7.5.9. UAE Alkyd Coatings Market
    7.5.9.1. Market Size and Forecast, By Technology
    7.5.9.2. Market Size and Forecast, By Resin Type
    7.5.9.3. Market Size and Forecast, By Application
  7.5.10. Argentina Alkyd Coatings Market
    7.5.10.1. Market Size and Forecast, By Technology
    7.5.10.2. Market Size and Forecast, By Resin Type
    7.5.10.3. Market Size and Forecast, By Application
  7.5.11. Rest of LAMEA Alkyd Coatings Market
    7.5.11.1. Market Size and Forecast, By Technology
    7.5.11.2. Market Size and Forecast, By Resin Type
    7.5.11.3. Market Size and Forecast, By Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Akzo Nobel N.V.
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. PPG Industries, Inc.
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. The Sherwin-Williams Company
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. BASF SE
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Nippon Paint Holdings Co., Ltd.
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. Axalta Coating Systems, LLC
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. Jotun
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. Kansai Paint Co., Ltd
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. Hempel (USA), Inc.
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. Tikkurila
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments


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