The Business Research Company’s oil downstream activities global market report, covers the year-on-year growth of the global oil downstream activities market historic and forecast growth. It also includes chapters on the oil downstream activities market trends, geographical analysis, and competitive landscape.



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The global oil downstream activities market is forecast to grow at a CAGR (compound annual growth rate) of around 5% to 2022.



Oil Downstream Activities Market Trends:



The oil downstream activities market in TBRC’s report is segmented into refined petroleum products manufacturing and asphalt, lubricating oil and grease manufacturing segments.



Producers of petroleum based lubricants are offering bio based lubricants to address the concerns associated with the impact of lubricants on the environment. Bio-based lubricants are formulated with renewable or biodegradable materials. Vegetable oils are one of the major sources for bio-based lubricants. Vegetable oils offer high lubricity, viscosity and thermal stability. They have a higher flash point of 326oC as compared to flash point of 200oC for mineral oils. Lubricants produced from vegetable oils include tractor transmission hydraulic fluid, industrial hydraulic fluids for process and machinery applications, food-grade hydraulic fluids and greases, greases for use in automotive, railroad and machinery applications, chainsaw bar oil, gear lubes, compressor oil, and transformer and transmission line cooling fluids.



The global oil downstream activities market is primarily driven by favorable government policies, and anticipated stability in crude oil prices.



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The global oil downstream activities market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.



With increasing demand for refined petroleum from developing nations, the global oil downstream activities market is expected to increase in potential and scope. TBRC’s report also covers the oil downstream activities drivers and restraints in the market.



The global oil downstream activities market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.



The top companies included in the global oil downstream activities market report are Royal Dutch Shell, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP Plc, and Chevron.



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