South Sudan Petroleum Downstream Processing Market was valued at USD 9.25 billion in 2021 and is estimated to reach a value of USD 15.23 billion in 2027. South Sudan Petroleum Downstream Processing Market size is estimated to grow at a CAGR of 5.72%
The recovery and purification of biosynthetic products from natural resources is referred to as downstream processing. It is a type of operation in which oil and gas processes take place after production and before sale. It serves as the final step in the manufacturing process and is represented by refiners of petroleum crude oil and natural gas processors, who bring usable products to end-users and consumers, and downstream process, which provides the products supplied to various industries as upstream products.
South Sudan Petroleum Downstream Processing Market Report Scope and Research Methodology:
The research analyses the most important South Sudan Petroleum Downstream Processing market trends and how they will affect new business investments and development in the industry. New technology, new rules, government investment, new uses, foreign entry and other industry dynamics are all influenced by market trends. This study includes a detailed trend analysis to assist clients in making decisions to increase their presence in the South Sudan Petroleum Downstream Processing market.
The South Sudan Petroleum Downstream Processing Market Research provides exclusive key statistics, facts, information, trends, and competitive landscape insights in the particular field. The current situation of the South Sudan Petroleum Downstream Processing market is analysed, and the market is forecasted till 2029. Company profiles, capacity, production, price, cost, revenue, and contact information for leading manufacturers of South Sudan Petroleum Downstream Processing market share are likely to be included in the study.
South Sudan Petroleum Downstream Processing Market overview:
As per market research, the total South Sudan Petroleum Downstream Processing Market is expected to grow at a high rate. The report includes the growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the South Sudan Petroleum Downstream Processing market. The region-wise and segment-wise analysis of the dynamics and South Sudan Petroleum Downstream Processing market size has been provided in the report.
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South Sudan Petroleum Downstream Processing Market Key Players include:
CNPC-China National Petroleum Corporation(China)
GNPOC-Greater Nile Petroleum Operating Company (Canada)
PETRONAS- Petroliam Nasional Berhad (Malaysia)
Sudapet- Sudan National Petroleum Corporation (Sudan)
Talisman Energy (Canada)
Lundin Energy (Sweden)
OMV- Osterrichische Mineral Association in Vienna (Austria)
Tri-Ocean Energy (Cairo, Egypt)
ONGC- Oil and Natural Gas Corporation (India)
Akon Refinery Company Limited (Italy)
South Sudan Petroleum Downstream Processing Market Dynamics:
South Sudan is regarded as the major contributor to the power downstream processing market due to a number of factors, including the fact that it is the leading producer of petroleum products, generates the majority of its revenue through this market alone, and contributes 45% of its GDP. The government was also investing more than 20-25% of their investments in the development of this market because, according to EIA data, this market will lead to a GDP growth of 10-15% in a year, the demand for petroleum is continuously increasing, and the rapid expansion of urbanization is leading to market growth as well as country growth.
South Sudan Petroleum Downstream Processing Market Segmentation:
Purification is the major technique segment with the largest market share in 2021. It aids the process by removing solids and other impurities such as water, gases, and sludge from oil and fuel. Oil purification is an important part of the regular processing of petroleum. This is the primary process for extracting the important product for future use, and it can only be done in the extraction location.
Solid-Liquid is another growing segment because it considers the second process after purification; it has facilities such as removing contaminants and undesirable components or reducing their concentration so that the liquid is fit for its intended use. This process can also be carried out by industries after the transportation of purified products for use.
Petroleum is a critical source of energy for transportation, and it is regarded as the most important factor in this market. Petroleum accounts for more than two-thirds of all transportation fuels. Petroleum-derived transportation fuels include gasoline/petrol, diesel, liquefied petroleum gas (LPG), and other fuels. It believes that 55% of petroleum consumption is for transportation.
Because of the consumption of petroleum or other products for generating electricity, power generation is the second largest segment of this market; it takes 0.016 barrels to produce 1 kWh. This is the most important and inseparable process in the production of electricity. This factor is regarded as the most important factor that is expected to drive market segment growth.
Other segments also experience significant growth because the production of their finished products necessitates the use of petroleum products, which drives the growth of this market in a variety of industries.
South Sudan Petroleum Downstream Processing Market Regional Insights:
The report includes a detailed analysis of all the regions and their countries mentioned below:
Key Questions answered in the South Sudan Petroleum Downstream Processing Market Report are:
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South Sudan Petroleum Downstream Processing Market , North America Switchable Smart Film Market
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 14, 2023
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