France Refined Petroleum Product Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players_re.webp)
*Disclaimer: Major Players sorted in no particular order |
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France Refined Petroleum Product Market Analysis
The France refined petroleum product market is projected to register a CAGR of over 4% in the current year.
- Over the medium period, the refined petroleum product market is primarily driven by investment in the construction and upgradation of refineries.
- On the other hand, the growing price of crude oil is expected to depreciate the market growth.
- Nevertheless, the advancements and expansion in the refined petroleum sectors will likely create lucrative growth opportunities for the applications of refinery products.
France Refined Petroleum Product Market Trends
This section covers the major market trends shaping the France Refined Petroleum Product Market according to our research experts:
The diesel segment to grow significantly
- The French administration revised the deliveries of gas/diesel oil and fuel oil for international marine bunkers and consumption in domestic navigation from 2011 onwards due to a change in methodology and improved data for the overseas territories.
- In 2022, imports in the October period reached over 590,000 barrels per day (BPD). Data from oil analytics firm Vortexa showed up 37% from October 2021 levels, and also, it was the highest since Vortexa started tracking data in 2016.
- Moreover, in April 2022, TotalEnergies halted the refinery for economic reasons related to the COVID-19 pandemic, which caused demand for the prices of oil products to fall and for refineries that turn crude oil into products to experience a substantial decline in profits.
- In November 2022, 10 parts per million (ppm) diesel imports into France reached a new record, driven by both planned and unplanned refinery outages as well as rising demand. Also, diesel consumption in bakeries is reported in France's food, beverage, and tobacco.
- Therefore, owing to the above points, diesel oil is expected to dominate the market during the forecast period.
Investments by Private Sector Expected to Drive the Market
- Due to increasing investments in the upgradation of the current refining infrastructure in the country, the supply of refined products is expected to increase, reducing costs and driving the market during the forecast period.
- In October 2021, France announced a EUR 30 billion investment plan for 2030, which targets French industrial development in the energy, automotive, and space sectors, including EUR 8 billion dedicated to energy technology investment in the decarbonization of industry, in hydrogen and small modular reactors, EUR 4 billion for electric and plug-in hybrid vehicles.
- Furthermore, French oil giant TotalEnergies intends to enhance investments and production capacity for liquefied natural gas (LNG). TotalEnergies plans to grow LNG sales by 3% a year through 2027 and boost LNG production by 40% to 2030, starting from 2021.
- In 2021, due to the COVID-19 pandemic, sales of passenger cars in France decreased by 25% as compared to 2019 and were likely to recover their pre-epidemic levels, creating demand for refined products in the forecast period.
- Therefore, owing to the above points, France is expected to witness significant growth during the forecast period.
France Refined Petroleum Product Industry Overview
The France refined petroleum product market is moderately fragmented. The key players in this market include ( in no particular order) TotalEnergies, Esso, Royal Dutch Shell, BP PLC, and Chevron Corporation.
France Refined Petroleum Product Market Leaders
TotalEnergies
Esso
Royal Dutch Shell
BP PLC
Chevron Corporation
*Disclaimer: Major Players sorted in no particular order
France Refined Petroleum Product Market News
In October 2022, France tapped its strategic fuel reserves to resupply petrol stations that have run dry amid strikes by workers at refineries and depots that have stunted production and blocked deliveries.
France Refined Petroleum Product Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 Application
5.1.1 Fuel
5.1.2 Chemicals
5.1.3 Other Segmentations
5.2 Component Type
5.2.1 Diesel
5.2.2 Gasoline
5.2.3 Fuel Oil
5.2.4 Kerosene
5.2.5 Other Refined Petroleum Types
5.3 Product Type
5.3.1 Light Distillates
5.3.2 Middle Distillates
5.3.3 Heavy Oil
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions
6.3 Company Profiles
6.3.1 TotalEnergies
6.3.2 BP PLC
6.3.3 Royal Dutch Shell
6.3.4 Petroineos
6.3.5 ExxonMobil
6.3.6 Chevron Corporation
6.3.7 Ponticelli
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
France Refined Petroleum Product Industry Segmentation
Refined petroleum products are derived from crude oils through catalytic cracking and fractional distillation processes. The refined petroleum product market is segmented by component, product, and application types. By component type, the market is segmented into diesel, gasoline, fuel oil, kerosene, and other component types. By product type, the market is segmented into light distillates, middle distillates, and heavy oil. By application type, the market is segmented into fuel, chemicals, and other application types. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).
| Application | |
| Fuel | |
| Chemicals | |
| Other Segmentations |
| Component Type | |
| Diesel | |
| Gasoline | |
| Fuel Oil | |
| Kerosene | |
| Other Refined Petroleum Types |
| Product Type | |
| Light Distillates | |
| Middle Distillates | |
| Heavy Oil |
France Refined Petroleum Product Market Research FAQs
What is the current France Refined Petroleum Product Market size?
The France Refined Petroleum Product Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in France Refined Petroleum Product Market?
TotalEnergies, Esso, Royal Dutch Shell, BP PLC and Chevron Corporation are the major companies operating in the France Refined Petroleum Product Market.
What years does this France Refined Petroleum Product Market cover?
The report covers the France Refined Petroleum Product Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the France Refined Petroleum Product Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
France Refined Petroleum Product Industry Report
Statistics for the 2024 France Refined Petroleum Product market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. France Refined Petroleum Product analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
