Global Heavy Oil Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027 (Based on 2020 COVID-19 Worldwide Spread)
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The Heavy Oil market is expected to grow from USD X.X million in 2021 to USD X.X million by 2027, at a CAGR of X.X% during the forecast period. The global Heavy Oil market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Heavy Oil market. The report focuses on well-known providers in the global Heavy Oil industry, market segments, competition, and the macro environment.
Under COVID-19 Outbreak, how the Heavy Oil Industry will develop is also analyzed in detail in Chapter 1.7 of the report.
In Chapter 2.4, we analyzed industry trends in the context of COVID-19.
In Chapter 3.5, we analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets.
In Chapters 6 to 10 of the report, we analyze the impact of COVID-19 on various regions and major countries.
In chapter 13.5, the impact of COVID-19 on the future development of the industry is pointed out.
A holistic study of the market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players.
Key players in the global Heavy Oil market covered in Chapter 4:
Albemarle
Halliburton
Schlumberger
Devon
COS
Shell
Husky
Total
Saudi Aramco
Fractalsys
In Chapter 11 and 13.3, on the basis of types, the Heavy Oil market from 2016 to 2027 is primarily split into:
Heavy Crude Oil
Viscous Crude Oil
Coal Tar Creosote
In Chapter 12 and 13.4, on the basis of applications, the Heavy Oil market from 2016 to 2027 covers:
Metallurgy
Fuel
Machine Manufacturing
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2016-2027) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10, 13:
North America (Covered in Chapter 6 and 13)
United States
Canada
Mexico
Europe (Covered in Chapter 7 and 13)
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific (Covered in Chapter 8 and 13)
China
Japan
South Korea
Australia
India
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 9 and 13)
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Others
South America (Covered in Chapter 10 and 13)
Brazil
Argentina
Columbia
Chile
Others
Years considered for this report:
Historical Years: 2016-2020
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2021-2027
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Regulatory Scenario by Region/Country
1.4 Market Investment Scenario Strategic
1.5 Market Analysis by Type
1.5.1 Global Heavy Oil Market Share by Type (2021-2027)
1.5.2 Heavy Crude Oil
1.5.3 Viscous Crude Oil
1.5.4 Coal Tar Creosote
1.6 Market by Application
1.6.1 Global Heavy Oil Market Share by Application (2021-2027)
1.6.2 Metallurgy
1.6.3 Fuel
1.6.4 Machine Manufacturing
1.7 Heavy Oil Industry Development Trends under COVID-19 Outbreak
1.7.1 Global COVID-19 Status Overview
1.7.2 Influence of COVID-19 Outbreak on Heavy Oil Industry Development
2. Global Market Growth Trends
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
2.3 Industry News and Policies by Regions
2.3.1 Industry News
2.3.2 Industry Policies
2.4 Industry Trends Under COVID-19
3 Value Chain of Heavy Oil Market
3.1 Value Chain Status
3.2 Heavy Oil Manufacturing Cost Structure Analysis
3.2.1 Production Process Analysis
3.2.2 Manufacturing Cost Structure of Heavy Oil
3.2.3 Labor Cost of Heavy Oil
3.2.3.1 Labor Cost of Heavy Oil Under COVID-19
3.3 Sales and Marketing Model Analysis
3.4 Downstream Major Customer Analysis (by Region)
3.5 Value Chain Status Under COVID-19
4 Players Profiles
4.1 Albemarle
4.1.1 Albemarle Basic Information
4.1.2 Heavy Oil Product Profiles, Application and Specification
4.1.3 Albemarle Heavy Oil Market Performance (2016-2021)
4.1.4 Albemarle Business Overview
4.2 Halliburton
4.2.1 Halliburton Basic Information
4.2.2 Heavy Oil Product Profiles, Application and Specification
4.2.3 Halliburton Heavy Oil Market Performance (2016-2021)
4.2.4 Halliburton Business Overview
4.3 Schlumberger
4.3.1 Schlumberger Basic Information
4.3.2 Heavy Oil Product Profiles, Application and Specification
4.3.3 Schlumberger Heavy Oil Market Performance (2016-2021)
4.3.4 Schlumberger Business Overview
4.4 Devon
4.4.1 Devon Basic Information
4.4.2 Heavy Oil Product Profiles, Application and Specification
4.4.3 Devon Heavy Oil Market Performance (2016-2021)
4.4.4 Devon Business Overview
4.5 COS
4.5.1 COS Basic Information
4.5.2 Heavy Oil Product Profiles, Application and Specification
4.5.3 COS Heavy Oil Market Performance (2016-2021)
4.5.4 COS Business Overview
4.6 Shell
4.6.1 Shell Basic Information
4.6.2 Heavy Oil Product Profiles, Application and Specification
4.6.3 Shell Heavy Oil Market Performance (2016-2021)
4.6.4 Shell Business Overview
4.7 Husky
4.7.1 Husky Basic Information
4.7.2 Heavy Oil Product Profiles, Application and Specification
4.7.3 Husky Heavy Oil Market Performance (2016-2021)
4.7.4 Husky Business Overview
4.8 Total
4.8.1 Total Basic Information
4.8.2 Heavy Oil Product Profiles, Application and Specification
4.8.3 Total Heavy Oil Market Performance (2016-2021)
4.8.4 Total Business Overview
4.9 Saudi Aramco
4.9.1 Saudi Aramco Basic Information
4.9.2 Heavy Oil Product Profiles, Application and Specification
4.9.3 Saudi Aramco Heavy Oil Market Performance (2016-2021)
4.9.4 Saudi Aramco Business Overview
4.10 Fractalsys
4.10.1 Fractalsys Basic Information
4.10.2 Heavy Oil Product Profiles, Application and Specification
4.10.3 Fractalsys Heavy Oil Market Performance (2016-2021)
4.10.4 Fractalsys Business Overview
5 Global Heavy Oil Market Analysis by Regions
5.1 Global Heavy Oil Sales, Revenue and Market Share by Regions
5.1.1 Global Heavy Oil Sales by Regions (2016-2021)
5.1.2 Global Heavy Oil Revenue by Regions (2016-2021)
5.2 North America Heavy Oil Sales and Growth Rate (2016-2021)
5.3 Europe Heavy Oil Sales and Growth Rate (2016-2021)
5.4 Asia-Pacific Heavy Oil Sales and Growth Rate (2016-2021)
5.5 Middle East and Africa Heavy Oil Sales and Growth Rate (2016-2021)
5.6 South America Heavy Oil Sales and Growth Rate (2016-2021)
6 North America Heavy Oil Market Analysis by Countries
6.1 North America Heavy Oil Sales, Revenue and Market Share by Countries
6.1.1 North America Heavy Oil Sales by Countries (2016-2021)
6.1.2 North America Heavy Oil Revenue by Countries (2016-2021)
6.1.3 North America Heavy Oil Market Under COVID-19
6.2 United States Heavy Oil Sales and Growth Rate (2016-2021)
6.2.1 United States Heavy Oil Market Under COVID-19
6.3 Canada Heavy Oil Sales and Growth Rate (2016-2021)
6.4 Mexico Heavy Oil Sales and Growth Rate (2016-2021)
7 Europe Heavy Oil Market Analysis by Countries
7.1 Europe Heavy Oil Sales, Revenue and Market Share by Countries
7.1.1 Europe Heavy Oil Sales by Countries (2016-2021)
7.1.2 Europe Heavy Oil Revenue by Countries (2016-2021)
7.1.3 Europe Heavy Oil Market Under COVID-19
7.2 Germany Heavy Oil Sales and Growth Rate (2016-2021)
7.2.1 Germany Heavy Oil Market Under COVID-19
7.3 UK Heavy Oil Sales and Growth Rate (2016-2021)
7.3.1 UK Heavy Oil Market Under COVID-19
7.4 France Heavy Oil Sales and Growth Rate (2016-2021)
7.4.1 France Heavy Oil Market Under COVID-19
7.5 Italy Heavy Oil Sales and Growth Rate (2016-2021)
7.5.1 Italy Heavy Oil Market Under COVID-19
7.6 Spain Heavy Oil Sales and Growth Rate (2016-2021)
7.6.1 Spain Heavy Oil Market Under COVID-19
7.7 Russia Heavy Oil Sales and Growth Rate (2016-2021)
7.7.1 Russia Heavy Oil Market Under COVID-19
8 Asia-Pacific Heavy Oil Market Analysis by Countries
8.1 Asia-Pacific Heavy Oil Sales, Revenue and Market Share by Countries
8.1.1 Asia-Pacific Heavy Oil Sales by Countries (2016-2021)
8.1.2 Asia-Pacific Heavy Oil Revenue by Countries (2016-2021)
8.1.3 Asia-Pacific Heavy Oil Market Under COVID-19
8.2 China Heavy Oil Sales and Growth Rate (2016-2021)
8.2.1 China Heavy Oil Market Under COVID-19
8.3 Japan Heavy Oil Sales and Growth Rate (2016-2021)
8.3.1 Japan Heavy Oil Market Under COVID-19
8.4 South Korea Heavy Oil Sales and Growth Rate (2016-2021)
8.4.1 South Korea Heavy Oil Market Under COVID-19
8.5 Australia Heavy Oil Sales and Growth Rate (2016-2021)
8.6 India Heavy Oil Sales and Growth Rate (2016-2021)
8.6.1 India Heavy Oil Market Under COVID-19
8.7 Southeast Asia Heavy Oil Sales and Growth Rate (2016-2021)
8.7.1 Southeast Asia Heavy Oil Market Under COVID-19
9 Middle East and Africa Heavy Oil Market Analysis by Countries
9.1 Middle East and Africa Heavy Oil Sales, Revenue and Market Share by Countries
9.1.1 Middle East and Africa Heavy Oil Sales by Countries (2016-2021)
9.1.2 Middle East and Africa Heavy Oil Revenue by Countries (2016-2021)
9.1.3 Middle East and Africa Heavy Oil Market Under COVID-19
9.2 Saudi Arabia Heavy Oil Sales and Growth Rate (2016-2021)
9.3 UAE Heavy Oil Sales and Growth Rate (2016-2021)
9.4 Egypt Heavy Oil Sales and Growth Rate (2016-2021)
9.5 Nigeria Heavy Oil Sales and Growth Rate (2016-2021)
9.6 South Africa Heavy Oil Sales and Growth Rate (2016-2021)
10 South America Heavy Oil Market Analysis by Countries
10.1 South America Heavy Oil Sales, Revenue and Market Share by Countries
10.1.1 South America Heavy Oil Sales by Countries (2016-2021)
10.1.2 South America Heavy Oil Revenue by Countries (2016-2021)
10.1.3 South America Heavy Oil Market Under COVID-19
10.2 Brazil Heavy Oil Sales and Growth Rate (2016-2021)
10.2.1 Brazil Heavy Oil Market Under COVID-19
10.3 Argentina Heavy Oil Sales and Growth Rate (2016-2021)
10.4 Columbia Heavy Oil Sales and Growth Rate (2016-2021)
10.5 Chile Heavy Oil Sales and Growth Rate (2016-2021)
11 Global Heavy Oil Market Segment by Types
11.1 Global Heavy Oil Sales, Revenue and Market Share by Types (2016-2021)
11.1.1 Global Heavy Oil Sales and Market Share by Types (2016-2021)
11.1.2 Global Heavy Oil Revenue and Market Share by Types (2016-2021)
11.2 Heavy Crude Oil Sales and Price (2016-2021)
11.3 Viscous Crude Oil Sales and Price (2016-2021)
11.4 Coal Tar Creosote Sales and Price (2016-2021)
12 Global Heavy Oil Market Segment by Applications
12.1 Global Heavy Oil Sales, Revenue and Market Share by Applications (2016-2021)
12.1.1 Global Heavy Oil Sales and Market Share by Applications (2016-2021)
12.1.2 Global Heavy Oil Revenue and Market Share by Applications (2016-2021)
12.2 Metallurgy Sales, Revenue and Growth Rate (2016-2021)
12.3 Fuel Sales, Revenue and Growth Rate (2016-2021)
12.4 Machine Manufacturing Sales, Revenue and Growth Rate (2016-2021)
13 Heavy Oil Market Forecast by Regions (2021-2027)
13.1 Global Heavy Oil Sales, Revenue and Growth Rate (2021-2027)
13.2 Heavy Oil Market Forecast by Regions (2021-2027)
13.2.1 North America Heavy Oil Market Forecast (2021-2027)
13.2.2 Europe Heavy Oil Market Forecast (2021-2027)
13.2.3 Asia-Pacific Heavy Oil Market Forecast (2021-2027)
13.2.4 Middle East and Africa Heavy Oil Market Forecast (2021-2027)
13.2.5 South America Heavy Oil Market Forecast (2021-2027)
13.3 Heavy Oil Market Forecast by Types (2021-2027)
13.4 Heavy Oil Market Forecast by Applications (2021-2027)
13.5 Heavy Oil Market Forecast Under COVID-19
14 Appendix
14.1 Methodology
14.2 Research Data Source
List of Tables and Figures
Table Global Heavy Oil Market Size Growth Rate by Type (2021-2027)
Figure Global Heavy Oil Market Share by Type in 2020 & 2026
Figure Heavy Crude Oil Features
Figure Viscous Crude Oil Features
Figure Coal Tar Creosote Features
Table Global Heavy Oil Market Size Growth by Application (2021-2027)
Figure Global Heavy Oil Market Share by Application in 2020 & 2026
Figure Metallurgy Description
Figure Fuel Description
Figure Machine Manufacturing Description
Figure Global COVID-19 Status Overview
Table Influence of COVID-19 Outbreak on Heavy Oil Industry Development
Table SWOT Analysis
Figure Porter's Five Forces Analysis
Figure Global Heavy Oil Market Size and Growth Rate 2016-2027
Table Industry News
Table Industry Policies
Figure Value Chain Status of Heavy Oil
Figure Production Process of Heavy Oil
Figure Manufacturing Cost Structure of Heavy Oil
Figure Major Company Analysis (by Business Distribution Base, by Product Type)
Table Downstream Major Customer Analysis (by Region)
Table Albemarle Profile
Table Albemarle Production, Value, Price, Gross Margin 2016-2021
Table Halliburton Profile
Table Halliburton Production, Value, Price, Gross Margin 2016-2021
Table Schlumberger Profile
Table Schlumberger Production, Value, Price, Gross Margin 2016-2021
Table Devon Profile
Table Devon Production, Value, Price, Gross Margin 2016-2021
Table COS Profile
Table COS Production, Value, Price, Gross Margin 2016-2021
Table Shell Profile
Table Shell Production, Value, Price, Gross Margin 2016-2021
Table Husky Profile
Table Husky Production, Value, Price, Gross Margin 2016-2021
Table Total Profile
Table Total Production, Value, Price, Gross Margin 2016-2021
Table Saudi Aramco Profile
Table Saudi Aramco Production, Value, Price, Gross Margin 2016-2021
Table Fractalsys Profile
Table Fractalsys Production, Value, Price, Gross Margin 2016-2021
Figure Global Heavy Oil Sales and Growth Rate (2016-2021)
Figure Global Heavy Oil Revenue ($) and Growth (2016-2021)
Table Global Heavy Oil Sales by Regions (2016-2021)
Table Global Heavy Oil Sales Market Share by Regions (2016-2021)
Table Global Heavy Oil Revenue ($) by Regions (2016-2021)
Table Global Heavy Oil Revenue Market Share by Regions (2016-2021)
Table Global Heavy Oil Revenue Market Share by Regions in 2016
Table Global Heavy Oil Revenue Market Share by Regions in 2020
Figure North America Heavy Oil Sales and Growth Rate (2016-2021)
Figure Europe Heavy Oil Sales and Growth Rate (2016-2021)
Figure Asia-Pacific Heavy Oil Sales and Growth Rate (2016-2021)
Figure Middle East and Africa Heavy Oil Sales and Growth Rate (2016-2021)
Figure South America Heavy Oil Sales and Growth Rate (2016-2021)
Figure North America Heavy Oil Revenue ($) and Growth (2016-2021)
Table North America Heavy Oil Sales by Countries (2016-2021)
Table North America Heavy Oil Sales Market Share by Countries (2016-2021)
Figure North America Heavy Oil Sales Market Share by Countries in 2016
Figure United States Heavy Oil Sales and Growth Rate (2016-2021)
Figure Canada Heavy Oil Sales and Growth Rate (2016-2021)
Figure Mexico Heavy Oil Sales and Growth (2016-2021)
Figure Europe Heavy Oil Revenue ($) Growth (2016-2021)
Table Europe Heavy Oil Sales by Countries (2016-2021)
Table Europe Heavy Oil Sales Market Share by Countries (2016-2021)
Figure Germany Heavy Oil Sales and Growth Rate (2016-2021)
Figure UK Heavy Oil Sales and Growth Rate (2016-2021)
Figure France Heavy Oil Sales and Growth Rate (2016-2021)
Figure Italy Heavy Oil Sales and Growth Rate (2016-2021)
Figure Spain Heavy Oil Sales and Growth Rate (2016-2021)
Figure Russia Heavy Oil Sales and Growth Rate (2016-2021)
Figure Asia-Pacific Heavy Oil Revenue ($) and Growth (2016-2021)
Table Asia-Pacific Heavy Oil Sales by Countries (2016-2021)
Table Asia-Pacific Heavy Oil Sales Market Share by Countries (2016-2021)
Figure China Heavy Oil Sales and Growth Rate (2016-2021)
Figure Japan Heavy Oil Sales and Growth Rate (2016-2021)
Figure South Korea Heavy Oil Sales and Growth Rate (2016-2021)
Figure Australia Heavy Oil Sales and Growth Rate (2016-2021)
Figure India Heavy Oil Sales and Growth Rate (2016-2021)
Figure Southeast Asia Heavy Oil Sales and Growth Rate (2016-2021)
Figure Middle East and Africa Heavy Oil Revenue ($) and Growth (2016-2021)
Table Middle East and Africa Heavy Oil Sales by Countries (2016-2021)
Table Middle East and Africa Heavy Oil Sales Market Share by Countries (2016-2021)
Figure Saudi Arabia Heavy Oil Sales and Growth Rate (2016-2021)
Figure UAE Heavy Oil Sales and Growth Rate (2016-2021)
Figure Egypt Heavy Oil Sales and Growth Rate (2016-2021)
Figure Nigeria Heavy Oil Sales and Growth Rate (2016-2021)
Figure South Africa Heavy Oil Sales and Growth Rate (2016-2021)
Figure South America Heavy Oil Revenue ($) and Growth (2016-2021)
Figure Brazil Heavy Oil Sales and Growth Rate (2016-2021)
Figure Argentina Heavy Oil Sales and Growth Rate (2016-2021)
Figure Columbia Heavy Oil Sales and Growth Rate (2016-2021)
Figure Chile Heavy Oil Sales and Growth Rate (2016-2021)
Table Global Heavy Oil Sales by Types (2016-2021)
Table Global Heavy Oil Revenue ($) by Types (2016-2021)
Figure Global Heavy Crude Oil Sales and Growth Rate (2016-2021)
Figure Global Heavy Crude Oil Price (2016-2021)
Figure Global Viscous Crude Oil Sales and Growth Rate (2016-2021)
Figure Global Viscous Crude Oil Price (2016-2021)
Figure Global Coal Tar Creosote Sales and Growth Rate (2016-2021)
Figure Global Coal Tar Creosote Price (2016-2021)
Table Global Heavy Oil Sales by Applications (2016-2021)
Table Global Heavy Oil Sales Share by Applications (2016-2021)
Figure Global Metallurgy Sales and Growth Rate (2016-2021)
Figure Global Metallurgy Revenue and Growth Rate (2016-2021)
Figure Global Fuel Sales and Growth Rate (2016-2021)
Figure Global Fuel Revenue and Growth Rate (2016-2021)
Figure Global Machine Manufacturing Sales and Growth Rate (2016-2021)
Figure Global Machine Manufacturing Revenue and Growth Rate (2016-2021)
Figure Global Heavy Oil Sales and Growth Rate (2021-2027)
Figure Global Heavy Oil Revenue ($) and Growth Rate (2021-2027)
Table Global Heavy Oil Sales Forecast by Regions (2021-2027)
Table Global Heavy Oil Revenue Forecast by Regions (2021-2027)
Figure North America Heavy Oil Sales Forecast (2021-2027)
Figure North America Heavy Oil Revenue Forecast (2021-2027)
Figure Europe Heavy Oil Sales Forecast (2021-2027)
Figure Europe Heavy Oil Revenue Forecast (2021-2027)
Figure Asia-Pacific Heavy Oil Sales Forecast (2021-2027)
Figure Asia-Pacific Heavy Oil Revenue Forecast (2021-2027)
Figure Middle East and Africa Heavy Oil Sales Forecast (2021-2027)
Figure Middle East and Africa Heavy Oil Revenue Forecast (2021-2027)
Figure South America Heavy Oil Sales Forecast (2021-2027)
Figure South America Heavy Oil Revenue Forecast (2021-2027)
Table Global Heavy Oil Sales Forecast by Types (2021-2027)
Table Global Heavy Oil Sales Market Share Forecast by Types (2021-2027)
Table Global Heavy Oil Revenue Market Share Forecast by Types (2021-2027)
Table Global Heavy Oil Sales Market Share Forecast by Applications (2021-2027)
Table Global Heavy Oil Revenue Forecast by Applications (2021-2027)
Table Global Heavy Oil Revenue Market Share Forecast by Applications (2021-2027)
Research Methodology:
Heavy Oil Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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| Total Market |
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