Gas To Liquid Technology In The Oil And Gas Market
In the forecast period, the global refined petroleum products manufacturing market size is expected to be over $2.5 trillion by 2021, growing at a CAGR of nearly 5%.
(EMAILWIRE.COM, December 13, 2018 ) The global refined petroleum products manufacturing market, a part of the oil and gas industry, Declined at a compound annual growth rate (CAGR) of around -16% during the historic period. The oil and gas industry showed a drastic decline. This was due to the rapid decline in oil and gas prices driving a decline in refined product prices.
In the forecast period, the global refined petroleum products manufacturing market size is expected to be over $2.5 trillion by 2021, growing at a CAGR of nearly 5%. This is expected due to Expected greater stability in the crude oil price and increasing demand for refined petroleum from developing nations is expected to drive the market in the future. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global Refined Petroleum Products Manufacturing market in the future.
Find TBRC’s report on the Refined Petroleum Products Manufacturing market: https://www.thebusinessresearchcompany.com/report/refined-petroleum-products-manufacturing-global-market-report-2018
To reduce the pollution levels, companies have started adopting the gas to liquid technology which produces high quality petroleum products. The gas to liquid technology is the conversion of natural gas to high quality liquid products such as transportation fuels, motor oils, naphtha, diesel and waxes. This technology uses natural gas as a substitute to crude oil as gas is considered to be the cleanest burning fossil fuel and is abundant, versatile and easily affordable.
Major companies in the Refined Petroleum Products Manufacturing market, offering new technology include Royal Dutch Shell, Exxon Mobil Corporation, Sinopec Limited, BP Plc, Kuwait Petroleum Corporation, Chevron, Total SA, Saudi Aramco, LUKOIL PJSC And PEMEX.
Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=87&type=smp
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In the forecast period, the global refined petroleum products manufacturing market size is expected to be over $2.5 trillion by 2021, growing at a CAGR of nearly 5%. This is expected due to Expected greater stability in the crude oil price and increasing demand for refined petroleum from developing nations is expected to drive the market in the future. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global Refined Petroleum Products Manufacturing market in the future.
Find TBRC’s report on the Refined Petroleum Products Manufacturing market: https://www.thebusinessresearchcompany.com/report/refined-petroleum-products-manufacturing-global-market-report-2018
To reduce the pollution levels, companies have started adopting the gas to liquid technology which produces high quality petroleum products. The gas to liquid technology is the conversion of natural gas to high quality liquid products such as transportation fuels, motor oils, naphtha, diesel and waxes. This technology uses natural gas as a substitute to crude oil as gas is considered to be the cleanest burning fossil fuel and is abundant, versatile and easily affordable.
Major companies in the Refined Petroleum Products Manufacturing market, offering new technology include Royal Dutch Shell, Exxon Mobil Corporation, Sinopec Limited, BP Plc, Kuwait Petroleum Corporation, Chevron, Total SA, Saudi Aramco, LUKOIL PJSC And PEMEX.
Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=87&type=smp
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company
Contact Information:
The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
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The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results