Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 143 Pages
Report ld: 4187128
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Crude Oil Market Size(US$)

CAGR 2025-2031
2.3%
Market Size,2031
USD 3,426
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Crude Oil was estimated to be worth US$ 2934 million in 2024 and is forecast to a readjusted size of US$ 3426 million by 2031 with a CAGR of 2.3% during the forecast period 2025-2031.
Petroleum is the term constituting naturally occurring unprocessed crude oils and petroleum products that are made up of refined crude oil. Crude oil is refined and separated, most easily on the basis of boiling point, and is converted into large number of consumer products such as petrol (or gasoline) and kerosene to asphalt and chemical reagents used to make plastics and pharmaceuticals.
Moreover, crude oils are refined and separated into mixture, which is further converted to simpler fractions to be further utilized as fuels, lubricants, and even as intermediate feedstock to the petrochemical industries.
This report aims to provide a comprehensive presentation of the global market for Crude Oil, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Crude Oil by region & country, by Type, and by Application.
The Crude Oil market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Crude Oil.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Crude Oil manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Crude Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Crude Oil in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Crude Oil Product Introduction
1.2 Global Crude Oil Market Size Forecast
1.2.1 Global Crude Oil Sales Value (2020-2031)
1.2.2 Global Crude Oil Sales Volume (2020-2031)
1.2.3 Global Crude Oil Sales Price (2020-2031)
1.3 Crude Oil Market Trends & Drivers
1.3.1 Crude Oil Industry Trends
1.3.2 Crude Oil Market Drivers & Opportunity
1.3.3 Crude Oil Market Challenges
1.3.4 Crude Oil Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Crude Oil Players Revenue Ranking (2024)
2.2 Global Crude Oil Revenue by Company (2020-2025)
2.3 Global Crude Oil Players Sales Volume Ranking (2024)
2.4 Global Crude Oil Sales Volume by Company Players (2020-2025)
2.5 Global Crude Oil Average Price by Company (2020-2025)
2.6 Key Manufacturers Crude Oil Manufacturing Base and Headquarters
2.7 Key Manufacturers Crude Oil Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Crude Oil
2.9 Crude Oil Market Competitive Analysis
2.9.1 Crude Oil Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Crude Oil Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Crude Oil as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Light Distillates
3.1.2 Light Oils
3.1.3 Medium Oils
3.1.4 Heavy Fuel Oil
3.2 Global Crude Oil Sales Value by Type
3.2.1 Global Crude Oil Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Crude Oil Sales Value, by Type (2020-2031)
3.2.3 Global Crude Oil Sales Value, by Type (%) (2020-2031)
3.3 Global Crude Oil Sales Volume by Type
3.3.1 Global Crude Oil Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Crude Oil Sales Volume, by Type (2020-2031)
3.3.3 Global Crude Oil Sales Volume, by Type (%) (2020-2031)
3.4 Global Crude Oil Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Transportation Fuel
4.1.2 Ethylene
4.1.3 Acrylic
4.1.4 Butadiene
4.1.5 Benzene
4.1.6 Toluene
4.1.7 Others
4.2 Global Crude Oil Sales Value by Application
4.2.1 Global Crude Oil Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Crude Oil Sales Value, by Application (2020-2031)
4.2.3 Global Crude Oil Sales Value, by Application (%) (2020-2031)
4.3 Global Crude Oil Sales Volume by Application
4.3.1 Global Crude Oil Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Crude Oil Sales Volume, by Application (2020-2031)
4.3.3 Global Crude Oil Sales Volume, by Application (%) (2020-2031)
4.4 Global Crude Oil Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Crude Oil Sales Value by Region
5.1.1 Global Crude Oil Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Crude Oil Sales Value by Region (2020-2025)
5.1.3 Global Crude Oil Sales Value by Region (2026-2031)
5.1.4 Global Crude Oil Sales Value by Region (%), (2020-2031)
5.2 Global Crude Oil Sales Volume by Region
5.2.1 Global Crude Oil Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Crude Oil Sales Volume by Region (2020-2025)
5.2.3 Global Crude Oil Sales Volume by Region (2026-2031)
5.2.4 Global Crude Oil Sales Volume by Region (%), (2020-2031)
5.3 Global Crude Oil Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Crude Oil Sales Value, 2020-2031
5.4.2 North America Crude Oil Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Crude Oil Sales Value, 2020-2031
5.5.2 Europe Crude Oil Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Crude Oil Sales Value, 2020-2031
5.6.2 Asia Pacific Crude Oil Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Crude Oil Sales Value, 2020-2031
5.7.2 South America Crude Oil Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Crude Oil Sales Value, 2020-2031
5.8.2 Middle East & Africa Crude Oil Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Crude Oil Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Crude Oil Sales Value
6.2.1 Key Countries/Regions Crude Oil Sales Value, 2020-2031
6.2.2 Key Countries/Regions Crude Oil Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Crude Oil Sales Value, 2020-2031
6.3.2 United States Crude Oil Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Crude Oil Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Crude Oil Sales Value, 2020-2031
6.4.2 Europe Crude Oil Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Crude Oil Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Crude Oil Sales Value, 2020-2031
6.5.2 China Crude Oil Sales Value by Type (%), 2024 VS 2031
6.5.3 China Crude Oil Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Crude Oil Sales Value, 2020-2031
6.6.2 Japan Crude Oil Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Crude Oil Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Crude Oil Sales Value, 2020-2031
6.7.2 South Korea Crude Oil Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Crude Oil Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Crude Oil Sales Value, 2020-2031
6.8.2 Southeast Asia Crude Oil Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Crude Oil Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Crude Oil Sales Value, 2020-2031
6.9.2 India Crude Oil Sales Value by Type (%), 2024 VS 2031
6.9.3 India Crude Oil Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Saudi Aramco
7.1.1 Saudi Aramco Company Information
7.1.2 Saudi Aramco Introduction and Business Overview
7.1.3 Saudi Aramco Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Saudi Aramco Crude Oil Product Offerings
7.1.5 Saudi Aramco Recent Development
7.2 China National Petroleum Corporation
7.2.1 China National Petroleum Corporation Company Information
7.2.2 China National Petroleum Corporation Introduction and Business Overview
7.2.3 China National Petroleum Corporation Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 China National Petroleum Corporation Crude Oil Product Offerings
7.2.5 China National Petroleum Corporation Recent Development
7.3 BP
7.3.1 BP Company Information
7.3.2 BP Introduction and Business Overview
7.3.3 BP Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 BP Crude Oil Product Offerings
7.3.5 BP Recent Development
7.4 Exxon Mobil
7.4.1 Exxon Mobil Company Information
7.4.2 Exxon Mobil Introduction and Business Overview
7.4.3 Exxon Mobil Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Exxon Mobil Crude Oil Product Offerings
7.4.5 Exxon Mobil Recent Development
7.5 Total SA
7.5.1 Total SA Company Information
7.5.2 Total SA Introduction and Business Overview
7.5.3 Total SA Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Total SA Crude Oil Product Offerings
7.5.5 Total SA Recent Development
7.6 Chevron Corporation
7.6.1 Chevron Corporation Company Information
7.6.2 Chevron Corporation Introduction and Business Overview
7.6.3 Chevron Corporation Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Chevron Corporation Crude Oil Product Offerings
7.6.5 Chevron Corporation Recent Development
7.7 Lukoil
7.7.1 Lukoil Company Information
7.7.2 Lukoil Introduction and Business Overview
7.7.3 Lukoil Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Lukoil Crude Oil Product Offerings
7.7.5 Lukoil Recent Development
7.8 ONGC
7.8.1 ONGC Company Information
7.8.2 ONGC Introduction and Business Overview
7.8.3 ONGC Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 ONGC Crude Oil Product Offerings
7.8.5 ONGC Recent Development
7.9 Gazprom
7.9.1 Gazprom Company Information
7.9.2 Gazprom Introduction and Business Overview
7.9.3 Gazprom Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Gazprom Crude Oil Product Offerings
7.9.5 Gazprom Recent Development
7.10 Rosneft
7.10.1 Rosneft Company Information
7.10.2 Rosneft Introduction and Business Overview
7.10.3 Rosneft Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Rosneft Crude Oil Product Offerings
7.10.5 Rosneft Recent Development
7.11 Valero Energy
7.11.1 Valero Energy Company Information
7.11.2 Valero Energy Introduction and Business Overview
7.11.3 Valero Energy Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Valero Energy Crude Oil Product Offerings
7.11.5 Valero Energy Recent Development
7.12 JX Holdings
7.12.1 JX Holdings Company Information
7.12.2 JX Holdings Introduction and Business Overview
7.12.3 JX Holdings Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 JX Holdings Crude Oil Product Offerings
7.12.5 JX Holdings Recent Development
7.13 Phillips 66
7.13.1 Phillips 66 Company Information
7.13.2 Phillips 66 Introduction and Business Overview
7.13.3 Phillips 66 Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Phillips 66 Crude Oil Product Offerings
7.13.5 Phillips 66 Recent Development
7.14 Marathon Petroleum
7.14.1 Marathon Petroleum Company Information
7.14.2 Marathon Petroleum Introduction and Business Overview
7.14.3 Marathon Petroleum Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Marathon Petroleum Crude Oil Product Offerings
7.14.5 Marathon Petroleum Recent Development
7.15 Petrobras
7.15.1 Petrobras Company Information
7.15.2 Petrobras Introduction and Business Overview
7.15.3 Petrobras Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Petrobras Crude Oil Product Offerings
7.15.5 Petrobras Recent Development
7.16 Pemex
7.16.1 Pemex Company Information
7.16.2 Pemex Introduction and Business Overview
7.16.3 Pemex Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Pemex Crude Oil Product Offerings
7.16.5 Pemex Recent Development
7.17 Equinor
7.17.1 Equinor Company Information
7.17.2 Equinor Introduction and Business Overview
7.17.3 Equinor Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Equinor Crude Oil Product Offerings
7.17.5 Equinor Recent Development
7.18 Kuwait Petroleum Corporation
7.18.1 Kuwait Petroleum Corporation Company Information
7.18.2 Kuwait Petroleum Corporation Introduction and Business Overview
7.18.3 Kuwait Petroleum Corporation Crude Oil Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Kuwait Petroleum Corporation Crude Oil Product Offerings
7.18.5 Kuwait Petroleum Corporation Recent Development
8 Industry Chain Analysis
8.1 Crude Oil Industrial Chain
8.2 Crude Oil Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Crude Oil Sales Model
8.5.2 Sales Channel
8.5.3 Crude Oil Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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