Market Size of India Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 2.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Oil and Gas Downstream Market Analysis
The India Oil and Gas Downstream Market is expected to grow at a CAGR of more than 2.5% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.
- Over the long term, supportive government policies, and efforts to grow the downstream sector, coupled with upcoming projects, are expected to drive the market studied. Moreover, Growing oil and gas consumption in the country is expected to be the significant driver for India Oil and Gas Downstream Market.
- On the other hand, the high capital investment required and a lack of financing due to a global economic slowdown are expected to hinder the market's growth in the coming years.
- Nevertheless, favorable policies for investment by private players in the sector are expected to provide a significant opportunity for the market players.
India Oil and Gas Downstream Industry Segmentation
The processes of refining, marketing, and eventually selling petroleum products are referred to as downstream. In the downstream business, a corporation refines crude oil and natural gas and markets and sells petroleum products to wholesale and retail customers. Processed natural gas is often sold directly to electric and gas utilities.
The India Oil and Gas Downstream Market is segmented by refineries and petrochemical plants. The report offers the market size and forecasts for refining capacity (million barrels per day) for all the above segments.
| Refineries | |
| Market Overview | |
| Key Project Information |
| Petrochemical Pants | |
| Market Overview | |
| Key Project Information |
India Oil and Gas Downstream Market Size Summary
The India Oil and Gas Downstream Market is poised for growth, driven by supportive government policies and increasing oil and gas consumption. The market has rebounded to pre-pandemic levels after the negative impact of COVID-19. The refineries sector has been a dominant force in the market, with significant investments expected to enhance refinery capacity. Upcoming projects, such as the West Coast Refinery and new units in Vadodara, are set to bolster the sector's prominence. Despite challenges like high capital investment and global economic slowdowns, favorable policies for private investment present substantial opportunities for market players.
India's growing oil and gas consumption, fueled by economic and industrial expansion, continues to drive the downstream market. The demand for petroleum fuels remains strong, even as renewable energy gains traction. Private players like Nayara Energy and Reliance Industries are making significant investments, increasing their share in the refining capacity. The market is consolidated, with key players such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum leading the charge. Recent government decisions to allow companies to sell locally produced crude oil to any Indian refinery further support market growth, enabling greater flexibility and capacity utilization.
India Oil and Gas Downstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity and Forecast in million barrels per day, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Refineries
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2.1.1 Market Overview
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2.1.2 Key Project Information
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2.2 Petrochemical Pants
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2.2.1 Market Overview
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2.2.2 Key Project Information
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India Oil and Gas Downstream Market Size FAQs
What is the current India Oil and Gas Downstream Market size?
The India Oil and Gas Downstream Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in India Oil and Gas Downstream Market?
Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Reliance Industries Limited and Nayara Energy Limited are the major companies operating in the India Oil and Gas Downstream Market.
