DUBLIN--(BUSINESS WIRE)--The "Refined Petroleum Products Manufacturing Global Market Report 2019" report has been added to ResearchAndMarkets.com's offering.
Global Refined Petroleum Products Manufacturing Market Report 2019 provides the strategists, marketers and senior management with the critical information they need to assess the global refined petroleum products manufacturing market.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider oil downstream activities market, and compares it with other markets.
The refined petroleum products manufacturing market consists of sales of refined petroleum products by entities (organizations, sole traders or partnerships) that convert crude petroleum to refined petroleum products such as gasoline, naphtha, diesel fuel and liquefied petroleum gas and then sell these refined products. Petroleum refineries are large industrial complexes with extensive pipeline networks carrying crude oil and refined petroleum products between sub processing units. Revenues in this market represent the value of the different refined petroleum products.
Asia Pacific was the largest region in the global refined petroleum products manufacturing market, accounting for 27% of the market in 2018. North America was the second largest region accounting for 24% of the global refined petroleum products manufacturing market. Africa was the smallest region in the global refined petroleum products manufacturing market.
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. The byproducts obtained by using the GTL technology are colorless, odorless and contain negligent amounts of impurities. Shell, Chevron and PetroSA have adopted this technology to produce transportation fuels, oils and byproducts to produce plastics, detergents and cosmetics.