Market Size of Germany Refined Petroleum Products Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Refined Petroleum Products Market Analysis
The German refined petroleum products market is expected to register a CAGR of over 4% during the forecast period. The COVID-19 pandemic negatively impacted the market in 2020. Presently, the market has reached pre-pandemic levels.
Over the medium term, the increasing consumption of refined petroleum products, increasing exports, and demand for refined petroleum products are factors expected to drive the growth of the market studied. On the other hand, the increasing adoption of alternative fuels is expected to restrain the German refined petroleum products market during the forecast period.
Nevertheless, the increasing demand for LPG from the petrochemical sector is expected to create lucrative growth opportunities for the German refined petroleum products market during the forecast period.
