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Philippines Petroleum Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Philippines Petroleum Market- (By Form – Natural Gas, Condensate, and Crude Oil; By Product – Fuel, Microcrystalline Wax, Napalm, and Others; By Application – Transportation Fuels, Fuel Oils, Agriculture, Pharmaceuticals & Cosmetics, and Ohers; and By End User – Industrial, Residential, Commercial, and Others) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 23-Feb-2022  |   Format: pdfpowerpointexcel  |  Report ID: AA0222146
    Delivery: 2 to 4 Hours
Philippines Petroleum Market

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Report AttributeDetails
Market Size Value in 2021US$ 13,317.2 Mn
Expected Revenue in 2027US$ 17,292.1 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
Segments coveredBy Type, Application,  and Region
Key CompaniesCosco Capital Incorporated, Forum Pacific, Inc., Novus Petroleum Ltd., Conoco Phillips, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization


The Philippines petroleum industry market is projected to grow at a CAGR of 4.4% during the forecast period 2022-2027. 

Fuel oil and gasoline are the largest volume products of the petroleum industry.

Resurgence of upstream petroleum industry and increasing oil & gas explorations in the Philippines are driving the market growth.

Condensate segment holds the highest CAGR over the forecast period.

Transportation fuels segment dominates the Philippines petroleum industry market.

Industrial segment contributed the major share in the Philippines petroleum industry. 

The impact on natural gas production and high dependency on imports will restrain the Philippines petroleum industry market. 

The market was valued at US$ 13,317.2 Million in 2021 and is forecasted to reach US$ 17,292.1 Million by 2027.

Based on end user segment, the Philippines petroleum industry market is segmented into industrial, residential, commercial, electric power and transportation.

Pharmaceuticals and Cosmetics segment is expected to grow with fastest CAGR of 6.1% over the forecast period.

Natural gas segment has high adoption in Petroleum Industry market as this gas are less harmful to environment and are also more efficient in nature.

Cosco Capital Incorporated, Alsons Consolidated Resources Inc., Anglo Philippine Holdings Corporation, NIDO Petroleum Philippines Pty Ltd., Novus Petroleum Ltd., Conoco Phillips, Petron, Shell, Chevron, Phoenix and Sea Oil Philippines among others.