Modified Asphalt In The Global Asphalt, Lubricating, Oil And Grease Manufacturing Market (Companies Included: Royal Dutch Shell, BP P.L.C., Gazprom Neft, CRH Plc, Owens Corning Sales LLC, Lafargeholcim Ltd, Valero, Imperial Oil Ltd, Vulcan Materials Co)

The asphalt, lubricating oil and grease manufacturing market includes establishments manufacturing block, asphalt paving mixture, asphalt shingle, coating materials, petroleum lubricating oil and grease. Asphalt is a sticky, black and highly viscous liquid or semi-solid form of petroleum used for surfacing roads, flooring, and roofing.

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The global asphalt, lubricating, oil and grease manufacturing market has been declining in the past years with a CAGR of almost -12%. TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the decline claims.

The report also shows the global asphalt, lubricating, oil and grease manufacturing market to decline at a higher CAGR by 2021 as compared to 2017.

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Polymer modified asphalt (PMA), which is variation of traditional asphalt has been gaining popularity as it can be fixed at comparatively low temperatures and retains surface granules better compared to standard granules. Asphalts are mixed with elastomers to produce PMA which has higher rutting resistance and durability. Styrene-butadiene-styrene (SBS) and Styrene-butadiene rubber (SBR) are the most commonly used elastomers to produce PMA. For instance, the global PMA market grew by 7% during 2015-22, thus indicating high demand for PMA.

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Companies included in the report are Royal Dutch Shell, BP P.L.C., Gazprom Neft, CRH Plc, Owens Corning Sales LLC, Lafargeholcim Ltd, Valero, Imperial Oil Ltd, and Vulcan Materials Co.

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Use Of Big Data In Refineries Drive The Global Oil Downstream Activities Market (Companies Included: Royal Dutch Shell, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP Plc, Chevron)

The oil downstream activities market includes post extraction activities of crude oil and natural gas. The market in this report is segmented into refined petroleum products manufacturing, and asphalt, lubricating oil and grease manufacturing.

Refined petroleum products manufacturing– The petroleum refineries market comprises companies that convert crude petroleum to refined petroleum products such as gasoline, naptha, diesel fuel and liquefied petroleum gas. Petroleum refineries are large industrial complexes with extensive pipeline networks carrying crude oil and refined petroleum products between sub processing units.

Asphalt, lubricating oil and grease manufacturing– The petroleum products industry includes establishments manufacturing block, asphalt paving mixture, asphalt shingle, coating materials, petroleum lubricating oil and grease. Asphalt is a sticky, black and highly viscous liquid or semi-solid form of petroleum used for surfacing roads, flooring, and roofing.

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The global oil downstream activities market has shown modest growth in the past years with a CAGR of over 8.8%. The year 2017 recorded highest ever growth in this market with a net value of $125.9 billion, as per TBRC’s in-house consultants.

TBRC’s latest report shows the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the oil downstream activities market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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 With increasing investments in digital technologies, oil refineries are adopting big data analytics technologies to improve performance and reduce costs. Big data is high-volume, high-velocity and high-variety information asset used for enhanced insight and decision making. Sources of big data in a refinery include process control systems, laboratory information systems, and asset management systems. For instance, a large refinery can have 100,000 distinct measurements and thus an enormous amount of data can be gathered and transformed into business knowledge to optimize production and maximize commercial potential. Big data analytics tools like analytic equations and neural networks are used to predict failure and poor performance in the refining process. Companies like GE, IBM, Oracle, SAS and EMC are offering analytics solutions to oil refineries. Refiners are adopting these technologies to perform operations with greater flexibility, as it improves access to manufacturing data at all organizational levels to drive quicker decisions.

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TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

Companies included in the report are Royal Dutch Shell, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP Plc, and Chevron.

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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.

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Global Oil Downstream Activities Market Is Expected To Grow To $2.8 Trillion By 2021 According To TBRC’s Latest Report

Anticipated stability in the crude oil prices and increasing demand for refined petroleum from developing nations is expected to drive the market in the future.

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The substantial reason for the growth of the oil downstream activities market from $2.3 trillion in 2017 to $2.8 trillion by 2021 is that the companies have started adopting the gas to liquid technology which produce 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.

Asia Pacific was the largest region in the oil downstream activities market in 2017, accounting for more than one-third of the market share.

The oil downstream activities market is segmented into refined petroleum products manufacturing and asphalt, lubricating oil and grease manufacturing segments.

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The USA was the largest country in the oil downstream activities market in 2017, accounting for one-sixth of the market share. The USA’s large population and high number of industries contributed to the country’s high consumption of refined petroleum. The USA was followed by China and India.

The top five competitors in the market made up 32.0% of the total market share in 2017.             Royal Dutch Shell was the largest competitor, followed by Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP Plc and Chevron. Royal Dutch Shell is a British–Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is one of the six oil and gas "supermajors" and the sixth-largest company in the world.

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