Canada Downstream Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Canada Downstream Oil and Gas Companies and the market is segmented by Process Type (Refineries and Petrochemical Plants). The market size and forecasts are provided in refining capacity (million barrels per day) for all the above segments.

Canada Downstream Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Canada Oil and Gas Downstream Market Size

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Canada Oil and Gas Downstream Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 1.10 %
Market Concentration Medium

Major Players

Canada Oil and Gas Downstream Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Canada Oil and Gas Downstream Market Analysis

The Canada Oil and Gas Downstream Market is expected to register a CAGR of greater than 1.1% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. However, it has now reached pre-pandemic levels.

  • Canada's rise in population, urbanization, and industrialization is expected to drive the oil and gas downstream market during the forecast period.
  • On the other hand, the growing share of fuel-efficient vehicles and increasing penetration of electric vehicles and renewables are expected to hinder the market growth during the forecast period.
  • Nevertheless, with the increasing demand for oil and gas, the country is planning to increase its market share by creating an impact on its oil and oil-based products. The country is also planning to expand its downstream markets, such as oil refining and others. This, in turn, is expected to create a significant opportunity for the payers involved in the market in the near future.

Canada Oil and Gas Downstream Industry Overview

Canada's oil and gas downstream market is moderately consolidated. Some of the key players in this market companies (in no particular order) include Imperial Oil Ltd, Suncor Energy Inc., Royal Dutch Shell PLC, Husky Energy Inc., and Irving Oil Ltd.

Canada Oil and Gas Downstream Market Leaders

  1. Imperial Oil Ltd

  2. Suncor Energy Inc.

  3. Royal Dutch Shell Plc

  4. Husky Energy Inc.

  5. Irving Oil Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Imperial Oil Ltd, Suncor Energy Inc., Royal Dutch Shell Plc, Husky Energy Inc., Irving Oil Ltd.
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Canada Oil and Gas Downstream Market News

  • May 2022: Inter Pipeline Ltd announced that it is partnering with ITOCHU Corporation and PETRONAS Energy Canada Ltd to evaluate the development of world-scale integrated blue ammonia and blue methanol production facilities.
  • Nov 2021: Northern Petrochemical Corporation announced plans to construct a USD 2.5 billion carbon-neutral ammonia and methanol production facility in Alberta's Grand Prairie region. This facility will be located within the Greenview Industrial Gateway.

Canada Oil and Gas Downstream Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Refining Capacity and Forecast in million barrels per day, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Key Projects Information
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Process Type
    • 5.1.1 Refineries
    • 5.1.2 Petrochemical Plants

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Imperial Oil Ltd
    • 6.3.2 Suncor Energy Inc.
    • 6.3.3 Royal Dutch Shell PLC
    • 6.3.4 Husky Energy Inc.
    • 6.3.5 Irving Oil Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Canada Oil and Gas Downstream Industry Segmentation

Oil and gas downstream are refining petroleum crude oil, processing and purifying raw natural gas, and marketing and distributing products.

Canada's oil and gas downstream market is segmented by process type. By process type, the market is segmented into refineries and petrochemical plants. The report also covers the market size and forecasts for the Canadian oil and gas downstream market. For each segment, the market sizing and forecasts have been done based on refining capacity (million barrels per day).

Process Type Refineries
Petrochemical Plants
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Canada Oil and Gas Downstream Market Research FAQs

What is the current Canada Oil and Gas Downstream Market size?

The Canada Oil and Gas Downstream Market is projected to register a CAGR of greater than 1.1% during the forecast period (2025-2030)

Who are the key players in Canada Oil and Gas Downstream Market?

Imperial Oil Ltd, Suncor Energy Inc., Royal Dutch Shell Plc, Husky Energy Inc. and Irving Oil Ltd are the major companies operating in the Canada Oil and Gas Downstream Market.

What years does this Canada Oil and Gas Downstream Market cover?

The report covers the Canada Oil and Gas Downstream Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Canada Oil and Gas Downstream Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Canada Downstream Oil and Gas Industry Report

Statistics for the 2025 Canada Oil and Gas Downstream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Oil and Gas Downstream analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.