Global Petroleum Liquid Feedstock Market 2022-2026

The publisher has been monitoring the petroleum liquid feedstock market and it is poised to grow by $ 53.62 bn during 2022-2026, accelerating at a CAGR of 3.5% during the forecast period. The report on the petroleum liquid feedstock market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rapid growth of transportation sector, rising demand for petrochemical feedstock, and an increasing number of aging refineries.

The petroleum liquid feedstock market analysis includes type segment and geographic landscape.

The analyst's petroleum liquid feedstock market is segmented as below:

By Type:

Naphtha
Gasoil

By Geographical Landscape:

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the adoption of blockchain in the oil and gas refining industry as one of the prime reasons driving the petroleum liquid feedstock market growth during the next few years. Also, innovations in downstream sector and rising exploration of unconventional petroleum resources will lead to sizable demand in the market.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The report on petroleum liquid feedstock market covers the following areas:

Petroleum liquid feedstock market sizing
Petroleum liquid feedstock market forecast
Petroleum liquid feedstock market industry analysis

The analyst's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading petroleum liquid feedstock market vendors that include Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China National Petroleum Corp., Equinor ASA, Exxon Mobil Corp., Kuwait National Petroleum Co., Nayara Energy Ltd., Oil and Natural Gas Corp. Ltd., Reliance Industries Ltd., Shell plc, and TotalEnergies SE. Also, the petroleum liquid feedstock market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments
Exhibit 24: Chart on Type - Market share 2021-2026 (%)
Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
5.2 Comparison by Type
Exhibit 26: Chart on Comparison by Type
Exhibit 27: Data Table on Comparison by Type
5.3 Naphtha - Market size and forecast 2021-2026
Exhibit 28: Chart on Naphtha - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on Naphtha - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on Naphtha - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Naphtha - Year-over-year growth 2021-2026 (%)
5.4 Gasoil - Market size and forecast 2021-2026
Exhibit 32: Chart on Gasoil - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Gasoil - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Gasoil - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Gasoil - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Type
Exhibit 36: Market opportunity by Type ($ billion)

6 Customer Landscape

6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 China - Market size and forecast 2021-2026
Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
7.9 US - Market size and forecast 2021-2026
Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
7.10 India - Market size and forecast 2021-2026
Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
7.11 Russia - Market size and forecast 2021-2026
Exhibit 74: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Russia - Year-over-year growth 2021-2026 (%)
7.12 Saudi Arabia - Market size and forecast 2021-2026
Exhibit 78: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 82: Market opportunity By Geographical Landscape ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Bharat Petroleum Corp. Ltd.
Exhibit 89: Bharat Petroleum Corp. Ltd. - Overview
Exhibit 90: Bharat Petroleum Corp. Ltd. - Product / Service
Exhibit 91: Bharat Petroleum Corp. Ltd. - Key offerings
10.4 BP Plc
Exhibit 92: BP Plc - Overview
Exhibit 93: BP Plc - Business segments
Exhibit 94: BP Plc - Key offerings
Exhibit 95: BP Plc - Segment focus
10.5 Chevron Corp.
Exhibit 96: Chevron Corp. - Overview
Exhibit 97: Chevron Corp. - Business segments
Exhibit 98: Chevron Corp. - Key news
Exhibit 99: Chevron Corp. - Key offerings
Exhibit 100: Chevron Corp. - Segment focus
10.6 China National Petroleum Corp.
Exhibit 101: China National Petroleum Corp. - Overview
Exhibit 102: China National Petroleum Corp. - Product / Service
Exhibit 103: China National Petroleum Corp. - Key offerings
10.7 Equinor ASA
Exhibit 104: Equinor ASA - Overview
Exhibit 105: Equinor ASA - Business segments
Exhibit 106: Equinor ASA - Key offerings
Exhibit 107: Equinor ASA - Segment focus
10.8 Exxon Mobil Corp.
Exhibit 108: Exxon Mobil Corp. - Overview
Exhibit 109: Exxon Mobil Corp. - Business segments
Exhibit 110: Exxon Mobil Corp. - Key offerings
Exhibit 111: Exxon Mobil Corp. - Segment focus
10.9 Kuwait National Petroleum Co.
Exhibit 112: Kuwait National Petroleum Co. - Overview
Exhibit 113: Kuwait National Petroleum Co. - Product / Service
Exhibit 114: Kuwait National Petroleum Co. - Key offerings
10.10 Oil and Natural Gas Corp. Ltd.
Exhibit 115: Oil and Natural Gas Corp. Ltd. - Overview
Exhibit 116: Oil and Natural Gas Corp. Ltd. - Business segments
Exhibit 117: Oil and Natural Gas Corp. Ltd. - Key offerings
Exhibit 118: Oil and Natural Gas Corp. Ltd. - Segment focus
10.11 Shell plc
Exhibit 119: Shell plc - Overview
Exhibit 120: Shell plc - Business segments
Exhibit 121: Shell plc - Key news
Exhibit 122: Shell plc - Key offerings
Exhibit 123: Shell plc - Segment focus
10.12 TotalEnergies SE
Exhibit 124: TotalEnergies SE - Overview
Exhibit 125: TotalEnergies SE - Business segments
Exhibit 126: TotalEnergies SE - Key news
Exhibit 127: TotalEnergies SE - Key offerings
Exhibit 128: TotalEnergies SE - Segment focus

Exhibit 126:

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 129: Inclusions checklist
Exhibit 130: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 131: Currency conversion rates for US$
11.4 Research methodology
Exhibit 132: Research methodology
Exhibit 133: Validation techniques employed for market sizing
Exhibit 134: Information sources
11.5 List of abbreviations
Exhibit 135: List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between 2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Type - Market share 2021-2026 (%)
Exhibits 25: Data Table on Type - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Type
Exhibits 27: Data Table on Comparison by Type
Exhibits 28: Chart on Naphtha - Market size and forecast 2021-2026 ($ billion)
Exhibits 29: Data Table on Naphtha - Market size and forecast 2021-2026 ($ billion)
Exhibits 30: Chart on Naphtha - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Naphtha - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Gasoil - Market size and forecast 2021-2026 ($ billion)
Exhibits 33: Data Table on Gasoil - Market size and forecast 2021-2026 ($ billion)
Exhibits 34: Chart on Gasoil - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Gasoil - Year-over-year growth 2021-2026 (%)
Exhibits 36: Market opportunity by Type ($ billion)
Exhibits 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 40: Chart on Geographic comparison
Exhibits 41: Data Table on Geographic comparison
Exhibits 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibits 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibits 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibits 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibits 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibits 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibits 52: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibits 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibits 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibits 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibits 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibits 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibits 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibits 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibits 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on India - Market size and forecast 2021-2026 ($ billion)
Exhibits 71: Data Table on India - Market size and forecast 2021-2026 ($ billion)
Exhibits 72: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on India - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibits 75: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibits 76: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on Russia - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibits 79: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibits 80: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibits 82: Market opportunity By Geographical Landscape ($ billion)
Exhibits 83: Impact of drivers and challenges in 2021 and 2026
Exhibits 84: Overview on Criticality of inputs and Factors of differentiation
Exhibits 85: Overview on factors of disruption
Exhibits 86: Impact of key risks on business
Exhibits 87: Vendors covered
Exhibits 88: Matrix on vendor position and classification
Exhibits 89: Bharat Petroleum Corp. Ltd. - Overview
Exhibits 90: Bharat Petroleum Corp. Ltd. - Product / Service
Exhibits 91: Bharat Petroleum Corp. Ltd. - Key offerings
Exhibits 92: BP Plc - Overview
Exhibits 93: BP Plc - Business segments
Exhibits 94: BP Plc - Key offerings
Exhibits 95: BP Plc - Segment focus
Exhibits 96: Chevron Corp. - Overview
Exhibits 97: Chevron Corp. - Business segments
Exhibits 98: Chevron Corp. - Key news
Exhibits 99: Chevron Corp. - Key offerings
Exhibits 100: Chevron Corp. - Segment focus
Exhibits 101: China National Petroleum Corp. - Overview
Exhibits 102: China National Petroleum Corp. - Product / Service
Exhibits 103: China National Petroleum Corp. - Key offerings
Exhibits 104: Equinor ASA - Overview
Exhibits 105: Equinor ASA - Business segments
Exhibits 106: Equinor ASA - Key offerings
Exhibits 107: Equinor ASA - Segment focus
Exhibits 108: Exxon Mobil Corp. - Overview
Exhibits 109: Exxon Mobil Corp. - Business segments
Exhibits 110: Exxon Mobil Corp. - Key offerings
Exhibits 111: Exxon Mobil Corp. - Segment focus
Exhibits 112: Kuwait National Petroleum Co. - Overview
Exhibits 113: Kuwait National Petroleum Co. - Product / Service
Exhibits 114: Kuwait National Petroleum Co. - Key offerings
Exhibits 115: Oil and Natural Gas Corp. Ltd. - Overview
Exhibits 116: Oil and Natural Gas Corp. Ltd. - Business segments
Exhibits 117: Oil and Natural Gas Corp. Ltd. - Key offerings
Exhibits 118: Oil and Natural Gas Corp. Ltd. - Segment focus
Exhibits 119: Shell plc - Overview
Exhibits 120: Shell plc - Business segments
Exhibits 121: Shell plc - Key news
Exhibits 122: Shell plc - Key offerings
Exhibits 123: Shell plc - Segment focus
Exhibits 124: TotalEnergies SE - Overview
Exhibits 125: TotalEnergies SE - Business segments
Exhibits 126: TotalEnergies SE - Key news
Exhibits 127: TotalEnergies SE - Key offerings
Exhibits 128: TotalEnergies SE - Segment focus
Exhibits 129: Inclusions checklist
Exhibits 130: Exclusions checklist
Exhibits 131: Currency conversion rates for US$
Exhibits 132: Research methodology
Exhibits 133: Validation techniques employed for market sizing
Exhibits 134: Information sources
Exhibits 135: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global petroleum liquid feedstock market: Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China National Petroleum Corp., Equinor ASA, Exxon Mobil Corp., Kuwait National Petroleum Co., Nayara Energy Ltd., Oil and Natural Gas Corp. Ltd., Reliance Industries Ltd., Shell plc, and TotalEnergies SE.

Commenting on the report, an analyst said: "The latest trend gaining momentum in the market is the adoption of blockchain in the oil and gas refining industry."

According to the report , one of the major drivers of this market is the rapid growth of the transportation sector.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.