Downstream Oil and Gas Market Reaches $1.8 Trillion in 2025: CAGR 6.4% Forecast to 2032
The global Downstream Oil and Gas market has expanded significantly, reaching $1.25 trillion in 2020 and projected to hit $1.8 trillion by 2025, representing a CAGR of 6.4%. Driven by rising demand for refined petroleum products and petrochemicals, the sector recorded refinery throughput of 100 million barrels per day in 2020, a 3.2% increase over 2019. Surveys indicate that 72% of industry...
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