Crude Oil Market Projected Growth Rate Through 2023-2032

The Crude Oil Global Market Report 2023, provides comprehensive information on the crude oil market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/crude-oil-global-market-report

As per The Business Research Company’s Crude Oil Global Market Report 2023, the global crude oil market size will grow from $2747.78 billion in 2022 to $2904.09 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of crude oil is expected to grow from $3481.5 billion in 2027 at a CAGR of 4.6%.

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The crude oil market is segmented:

1) By Type: Transport, Industrial, Other Types

2) By Derivatives: Paraffin, Naphthene, Aromatic, Asphaltic

3) By Nature: Organic, Conventional

Asia-Pacific was the largest region in the crude oil market in 2022.

The table of contents in TBRC’s crude oil market report includes:

1. Executive Summary
2. Report Structure
3. Crude Oil Market Characteristics
4. Crude Oil Market Product Analysis

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20. Key Mergers And Acquisitions In The Crude Oil Market
21. Market Background: Oil & Gas Upstream Activities Market
22. Appendix

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