(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.

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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.

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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

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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.

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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.