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Global Heavy Oils Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Heavy Oils Consumption Value by Type: 2019 Versus 2023 Versus 2030
    • 1.3.2 Heavy Oils
    • 1.3.3 Extra Heavy Oils
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Heavy Oils Consumption Value by Application: 2019 Versus 2023 Versus 2030
    • 1.4.2 Machinery & Equipment
    • 1.4.3 Aerospace
    • 1.4.4 Defense
    • 1.4.5 Shipbuilding Industry
    • 1.4.6 Others
  • 1.5 Global Heavy Oils Market Size & Forecast
    • 1.5.1 Global Heavy Oils Consumption Value (2019 & 2023 & 2030)
    • 1.5.2 Global Heavy Oils Sales Quantity (2019-2030)
    • 1.5.3 Global Heavy Oils Average Price (2019-2030)

2 Manufacturers Profiles

  • 2.1 Schlumberger
    • 2.1.1 Schlumberger Details
    • 2.1.2 Schlumberger Major Business
    • 2.1.3 Schlumberger Heavy Oils Product and Services
    • 2.1.4 Schlumberger Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 Schlumberger Recent Developments/Updates
  • 2.2 Halliburton
    • 2.2.1 Halliburton Details
    • 2.2.2 Halliburton Major Business
    • 2.2.3 Halliburton Heavy Oils Product and Services
    • 2.2.4 Halliburton Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 Halliburton Recent Developments/Updates
  • 2.3 Saudi Aramco
    • 2.3.1 Saudi Aramco Details
    • 2.3.2 Saudi Aramco Major Business
    • 2.3.3 Saudi Aramco Heavy Oils Product and Services
    • 2.3.4 Saudi Aramco Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 Saudi Aramco Recent Developments/Updates
  • 2.4 National Iranian Oil Company
    • 2.4.1 National Iranian Oil Company Details
    • 2.4.2 National Iranian Oil Company Major Business
    • 2.4.3 National Iranian Oil Company Heavy Oils Product and Services
    • 2.4.4 National Iranian Oil Company Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 National Iranian Oil Company Recent Developments/Updates
  • 2.5 Canadian Natural Resources Limited
    • 2.5.1 Canadian Natural Resources Limited Details
    • 2.5.2 Canadian Natural Resources Limited Major Business
    • 2.5.3 Canadian Natural Resources Limited Heavy Oils Product and Services
    • 2.5.4 Canadian Natural Resources Limited Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Canadian Natural Resources Limited Recent Developments/Updates
  • 2.6 ExxonMobil
    • 2.6.1 ExxonMobil Details
    • 2.6.2 ExxonMobil Major Business
    • 2.6.3 ExxonMobil Heavy Oils Product and Services
    • 2.6.4 ExxonMobil Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 ExxonMobil Recent Developments/Updates
  • 2.7 Albemarle
    • 2.7.1 Albemarle Details
    • 2.7.2 Albemarle Major Business
    • 2.7.3 Albemarle Heavy Oils Product and Services
    • 2.7.4 Albemarle Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 Albemarle Recent Developments/Updates
  • 2.8 Abu Dhabi National Oil
    • 2.8.1 Abu Dhabi National Oil Details
    • 2.8.2 Abu Dhabi National Oil Major Business
    • 2.8.3 Abu Dhabi National Oil Heavy Oils Product and Services
    • 2.8.4 Abu Dhabi National Oil Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 Abu Dhabi National Oil Recent Developments/Updates
  • 2.9 Husky
    • 2.9.1 Husky Details
    • 2.9.2 Husky Major Business
    • 2.9.3 Husky Heavy Oils Product and Services
    • 2.9.4 Husky Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.9.5 Husky Recent Developments/Updates
  • 2.10 Sinopec
    • 2.10.1 Sinopec Details
    • 2.10.2 Sinopec Major Business
    • 2.10.3 Sinopec Heavy Oils Product and Services
    • 2.10.4 Sinopec Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.10.5 Sinopec Recent Developments/Updates
  • 2.11 CNPC
    • 2.11.1 CNPC Details
    • 2.11.2 CNPC Major Business
    • 2.11.3 CNPC Heavy Oils Product and Services
    • 2.11.4 CNPC Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.11.5 CNPC Recent Developments/Updates
  • 2.12 CNOOC
    • 2.12.1 CNOOC Details
    • 2.12.2 CNOOC Major Business
    • 2.12.3 CNOOC Heavy Oils Product and Services
    • 2.12.4 CNOOC Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.12.5 CNOOC Recent Developments/Updates
  • 2.13 Kuwait Petroleum Corporation
    • 2.13.1 Kuwait Petroleum Corporation Details
    • 2.13.2 Kuwait Petroleum Corporation Major Business
    • 2.13.3 Kuwait Petroleum Corporation Heavy Oils Product and Services
    • 2.13.4 Kuwait Petroleum Corporation Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.13.5 Kuwait Petroleum Corporation Recent Developments/Updates
  • 2.14 ConocoPhillips
    • 2.14.1 ConocoPhillips Details
    • 2.14.2 ConocoPhillips Major Business
    • 2.14.3 ConocoPhillips Heavy Oils Product and Services
    • 2.14.4 ConocoPhillips Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.14.5 ConocoPhillips Recent Developments/Updates
  • 2.15 BP
    • 2.15.1 BP Details
    • 2.15.2 BP Major Business
    • 2.15.3 BP Heavy Oils Product and Services
    • 2.15.4 BP Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.15.5 BP Recent Developments/Updates
  • 2.16 Suncor Energy
    • 2.16.1 Suncor Energy Details
    • 2.16.2 Suncor Energy Major Business
    • 2.16.3 Suncor Energy Heavy Oils Product and Services
    • 2.16.4 Suncor Energy Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.16.5 Suncor Energy Recent Developments/Updates
  • 2.17 Wärtsilä
    • 2.17.1 Wärtsilä Details
    • 2.17.2 Wärtsilä Major Business
    • 2.17.3 Wärtsilä Heavy Oils Product and Services
    • 2.17.4 Wärtsilä Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.17.5 Wärtsilä Recent Developments/Updates
  • 2.18 TotalEnergies
    • 2.18.1 TotalEnergies Details
    • 2.18.2 TotalEnergies Major Business
    • 2.18.3 TotalEnergies Heavy Oils Product and Services
    • 2.18.4 TotalEnergies Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.18.5 TotalEnergies Recent Developments/Updates
  • 2.19 Shell
    • 2.19.1 Shell Details
    • 2.19.2 Shell Major Business
    • 2.19.3 Shell Heavy Oils Product and Services
    • 2.19.4 Shell Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.19.5 Shell Recent Developments/Updates
  • 2.20 Marathon Petroleum
    • 2.20.1 Marathon Petroleum Details
    • 2.20.2 Marathon Petroleum Major Business
    • 2.20.3 Marathon Petroleum Heavy Oils Product and Services
    • 2.20.4 Marathon Petroleum Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.20.5 Marathon Petroleum Recent Developments/Updates
  • 2.21 Qatar Petroleum
    • 2.21.1 Qatar Petroleum Details
    • 2.21.2 Qatar Petroleum Major Business
    • 2.21.3 Qatar Petroleum Heavy Oils Product and Services
    • 2.21.4 Qatar Petroleum Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.21.5 Qatar Petroleum Recent Developments/Updates
  • 2.22 Cepsa
    • 2.22.1 Cepsa Details
    • 2.22.2 Cepsa Major Business
    • 2.22.3 Cepsa Heavy Oils Product and Services
    • 2.22.4 Cepsa Heavy Oils Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.22.5 Cepsa Recent Developments/Updates

3 Competitive Environment: Heavy Oils by Manufacturer

  • 3.1 Global Heavy Oils Sales Quantity by Manufacturer (2019-2024)
  • 3.2 Global Heavy Oils Revenue by Manufacturer (2019-2024)
  • 3.3 Global Heavy Oils Average Price by Manufacturer (2019-2024)
  • 3.4 Market Share Analysis (2023)
    • 3.4.1 Producer Shipments of Heavy Oils by Manufacturer Revenue ($MM) and Market Share (%): 2023
    • 3.4.2 Top 3 Heavy Oils Manufacturer Market Share in 2023
    • 3.4.3 Top 6 Heavy Oils Manufacturer Market Share in 2023
  • 3.5 Heavy Oils Market: Overall Company Footprint Analysis
    • 3.5.1 Heavy Oils Market: Region Footprint
    • 3.5.2 Heavy Oils Market: Company Product Type Footprint
    • 3.5.3 Heavy Oils Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Heavy Oils Market Size by Region
    • 4.1.1 Global Heavy Oils Sales Quantity by Region (2019-2030)
    • 4.1.2 Global Heavy Oils Consumption Value by Region (2019-2030)
    • 4.1.3 Global Heavy Oils Average Price by Region (2019-2030)
  • 4.2 North America Heavy Oils Consumption Value (2019-2030)
  • 4.3 Europe Heavy Oils Consumption Value (2019-2030)
  • 4.4 Asia-Pacific Heavy Oils Consumption Value (2019-2030)
  • 4.5 South America Heavy Oils Consumption Value (2019-2030)
  • 4.6 Middle East & Africa Heavy Oils Consumption Value (2019-2030)

5 Market Segment by Type

  • 5.1 Global Heavy Oils Sales Quantity by Type (2019-2030)
  • 5.2 Global Heavy Oils Consumption Value by Type (2019-2030)
  • 5.3 Global Heavy Oils Average Price by Type (2019-2030)

6 Market Segment by Application

  • 6.1 Global Heavy Oils Sales Quantity by Application (2019-2030)
  • 6.2 Global Heavy Oils Consumption Value by Application (2019-2030)
  • 6.3 Global Heavy Oils Average Price by Application (2019-2030)

7 North America

  • 7.1 North America Heavy Oils Sales Quantity by Type (2019-2030)
  • 7.2 North America Heavy Oils Sales Quantity by Application (2019-2030)
  • 7.3 North America Heavy Oils Market Size by Country
    • 7.3.1 North America Heavy Oils Sales Quantity by Country (2019-2030)
    • 7.3.2 North America Heavy Oils Consumption Value by Country (2019-2030)
    • 7.3.3 United States Market Size and Forecast (2019-2030)
    • 7.3.4 Canada Market Size and Forecast (2019-2030)
    • 7.3.5 Mexico Market Size and Forecast (2019-2030)

8 Europe

  • 8.1 Europe Heavy Oils Sales Quantity by Type (2019-2030)
  • 8.2 Europe Heavy Oils Sales Quantity by Application (2019-2030)
  • 8.3 Europe Heavy Oils Market Size by Country
    • 8.3.1 Europe Heavy Oils Sales Quantity by Country (2019-2030)
    • 8.3.2 Europe Heavy Oils Consumption Value by Country (2019-2030)
    • 8.3.3 Germany Market Size and Forecast (2019-2030)
    • 8.3.4 France Market Size and Forecast (2019-2030)
    • 8.3.5 United Kingdom Market Size and Forecast (2019-2030)
    • 8.3.6 Russia Market Size and Forecast (2019-2030)
    • 8.3.7 Italy Market Size and Forecast (2019-2030)

9 Asia-Pacific

  • 9.1 Asia-Pacific Heavy Oils Sales Quantity by Type (2019-2030)
  • 9.2 Asia-Pacific Heavy Oils Sales Quantity by Application (2019-2030)
  • 9.3 Asia-Pacific Heavy Oils Market Size by Region
    • 9.3.1 Asia-Pacific Heavy Oils Sales Quantity by Region (2019-2030)
    • 9.3.2 Asia-Pacific Heavy Oils Consumption Value by Region (2019-2030)
    • 9.3.3 China Market Size and Forecast (2019-2030)
    • 9.3.4 Japan Market Size and Forecast (2019-2030)
    • 9.3.5 South Korea Market Size and Forecast (2019-2030)
    • 9.3.6 India Market Size and Forecast (2019-2030)
    • 9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
    • 9.3.8 Australia Market Size and Forecast (2019-2030)

10 South America

  • 10.1 South America Heavy Oils Sales Quantity by Type (2019-2030)
  • 10.2 South America Heavy Oils Sales Quantity by Application (2019-2030)
  • 10.3 South America Heavy Oils Market Size by Country
    • 10.3.1 South America Heavy Oils Sales Quantity by Country (2019-2030)
    • 10.3.2 South America Heavy Oils Consumption Value by Country (2019-2030)
    • 10.3.3 Brazil Market Size and Forecast (2019-2030)
    • 10.3.4 Argentina Market Size and Forecast (2019-2030)

11 Middle East & Africa

  • 11.1 Middle East & Africa Heavy Oils Sales Quantity by Type (2019-2030)
  • 11.2 Middle East & Africa Heavy Oils Sales Quantity by Application (2019-2030)
  • 11.3 Middle East & Africa Heavy Oils Market Size by Country
    • 11.3.1 Middle East & Africa Heavy Oils Sales Quantity by Country (2019-2030)
    • 11.3.2 Middle East & Africa Heavy Oils Consumption Value by Country (2019-2030)
    • 11.3.3 Turkey Market Size and Forecast (2019-2030)
    • 11.3.4 Egypt Market Size and Forecast (2019-2030)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
    • 11.3.6 South Africa Market Size and Forecast (2019-2030)

12 Market Dynamics

  • 12.1 Heavy Oils Market Drivers
  • 12.2 Heavy Oils Market Restraints
  • 12.3 Heavy Oils Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Heavy Oils and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Heavy Oils
  • 13.3 Heavy Oils Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Heavy Oils Typical Distributors
  • 14.3 Heavy Oils Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Heavy Oils, also known as heavy crude oil, is a type of crude oil that is characterized by its high density and viscosity. Unlike lighter grades of crude oil, heavy petroleum contains a higher proportion of heavy hydrocarbons, which makes it more challenging to extract, transport, and refine.
    According to our (Global Info Research) latest study, the global Heavy Oils market size was valued at US$ million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of %during review period.
    This report is a detailed and comprehensive analysis for global Heavy Oils market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
    Key Features:
    Global Heavy Oils market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030
    Global Heavy Oils market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030
    Global Heavy Oils market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030
    Global Heavy Oils market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2019-2024
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Heavy Oils
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Heavy Oils market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Schlumberger, Halliburton, Saudi Aramco, National Iranian Oil Company, Canadian Natural Resources Limited, ExxonMobil, Albemarle, Abu Dhabi National Oil, Husky, Sinopec, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Heavy Oils market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Heavy Oils
    Extra Heavy Oils
    Market segment by Application
    Machinery & Equipment
    Aerospace
    Defense
    Shipbuilding Industry
    Others
    Major players covered
    Schlumberger
    Halliburton
    Saudi Aramco
    National Iranian Oil Company
    Canadian Natural Resources Limited
    ExxonMobil
    Albemarle
    Abu Dhabi National Oil
    Husky
    Sinopec
    CNPC
    CNOOC
    Kuwait Petroleum Corporation
    ConocoPhillips
    BP
    Suncor Energy
    Wärtsilä
    TotalEnergies
    Shell
    Marathon Petroleum
    Qatar Petroleum
    Cepsa
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Heavy Oils product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Heavy Oils, with price, sales quantity, revenue, and global market share of Heavy Oils from 2019 to 2024.
    Chapter 3, the Heavy Oils competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Heavy Oils breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Heavy Oils market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Heavy Oils.
    Chapter 14 and 15, to describe Heavy Oils sales channel, distributors, customers, research findings and conclusion.

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