Global Heavy Oil

Heavy Oil Comprehensive Study by Type (Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil}, Viscous Crude Oil, Coal Tar Creosote), Application (Metallurgy, Gasoline, Diesel, Jet fuel, Machine Manufacturing) Players and Region - Global Market Outlook to 2030

Heavy Oil Market by XX Submarkets | Forecast Years 2024-2030  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Market Snapshot:
Heavy oil is defined as the relatively dense hydrocarbons which is derived from petroleum, coal tar, and other similar materials. These type of material have higher viscosity as compared to conventional crude oil. It has an API between 22.3° and 10°. It is also available in extra-heavy oil and extra-heavy oil natural bitumen. Heavy oils typically are not recoverable in their natural state through a well or by ordinary production methods. Most require heat or dilution to flow into a well or through a pipeline.

Highlights from Heavy Oil Market Study
AttributesDetails
Study Period2018-2030
Base Year2023
UnitValue (USD Million)


The key Manufacturers profiled in the report are Schlumberger Limited (United States), Halliburton (United States), Saudi Aramco (Saudi Arabia), Albemarle Corporation (United States), Royal Dutch Shell PLC (Netherlands), Fractal Systems Inc. (Japan), COS (United Kingdom), Husky Energy Inc. (Canada) and Devon Energy Corporation (United States).

Geographic Breakdown and Segment Analysis
The Global Heavy Oil market presents a comprehensive analysis of the Heavy Oil market by product type (Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil}, Viscous Crude Oil and Coal Tar Creosote), by end-user/application (Metallurgy, Gasoline, Diesel, Jet fuel and Machine Manufacturing), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Heavy Oil industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the holds majority of market share of the Heavy Oil market

Analyst at AMA have segmented the market study of Global Heavy Oil market by Type, Application and Region.

Influencing Trend:
Technology Advanced in Heavy Oil Products

Market Growth Drivers:
Augmented Value of Heavy Crude and Combined Deasphalting and Gasifer and Energy industry is Expanding Recourses to Recover Difficult to Remove Heavy Oil

Challenges:
Upgrading Heavy Oil leaves behind an even heavier residue and The difficulty of transporting it through Pipelines Because of its High Viscosity

Restraints:
Environmental Issues such as Oil Spills difficult to clean up and High content of Toxins

Opportunities:
Rising Demand from Emerging Economics such as India, China and others

Market Developments Activities:
In September 2023, Lycos Energy Inc., Calgary, has agreed to acquire privately held Canadian heavy oil producer Durham Creek Exploration Ltd. (DECL), Calgary, for USD 22.5 million in a cash and stock deal.
In July 2023, The Multi Commodity Exchange (MCX) informed that iCOMDEX Bullion Index October 2023 futures contract, and crude oil 25 October 2023 Option contract, will be available for trading with effect. It also stated that the contract specifications and trading parameters of the said contracts issued by it earlier, shall be binding on all the Members of the Exchange and constituents trading through them.

Regulatory Insights:
In 2019, according to EPA, “that revisions to the federal regulations for the management of wastes associated with the exploration, development and production of crude oil, natural gas and geothermal energy under Subtitle D of RCRA (title 40 of the Code of Federal Regulations in Part 257) are not necessary at this time. This determination fulfills EPA's obligation under a consent decree issued by a federal court in December of 2016”.Hence, it will act as a hamper for market growth.

Competition among existing players is due to the Heavy Oil market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Heavy Oil Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.

Key Target Audience
Heavy Oil Manufacturers, Government and Regulatory Bodies and Research Institute and Organization

Report Objectives / Segmentation Covered

By Type
  • Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil}
  • Viscous Crude Oil
  • Coal Tar Creosote
By Application
  • Metallurgy
  • Gasoline
  • Diesel
  • Jet fuel
  • Machine Manufacturing
By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Augmented Value of Heavy Crude and Combined Deasphalting and Gasifer
      • 3.2.2. Energy industry is Expanding Recourses to Recover Difficult to Remove Heavy Oil
    • 3.3. Market Challenges
      • 3.3.1. Upgrading Heavy Oil leaves behind an even heavier residue
      • 3.3.2. The difficulty of transporting it through Pipelines Because of its High Viscosity
    • 3.4. Market Trends
      • 3.4.1. Technology Advanced in Heavy Oil Products
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Heavy Oil, by Type, Application and Region (value, volume and price ) (2018-2023)
    • 5.1. Introduction
    • 5.2. Global Heavy Oil (Value)
      • 5.2.1. Global Heavy Oil by: Type (Value)
        • 5.2.1.1. Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil}
        • 5.2.1.2. Viscous Crude Oil
        • 5.2.1.3. Coal Tar Creosote
      • 5.2.2. Global Heavy Oil by: Application (Value)
        • 5.2.2.1. Metallurgy
        • 5.2.2.2. Gasoline
        • 5.2.2.3. Diesel
        • 5.2.2.4. Jet fuel
        • 5.2.2.5. Machine Manufacturing
      • 5.2.3. Global Heavy Oil Region
        • 5.2.3.1. South America
          • 5.2.3.1.1. Brazil
          • 5.2.3.1.2. Argentina
          • 5.2.3.1.3. Rest of South America
        • 5.2.3.2. Asia Pacific
          • 5.2.3.2.1. China
          • 5.2.3.2.2. Japan
          • 5.2.3.2.3. India
          • 5.2.3.2.4. South Korea
          • 5.2.3.2.5. Taiwan
          • 5.2.3.2.6. Australia
          • 5.2.3.2.7. Rest of Asia-Pacific
        • 5.2.3.3. Europe
          • 5.2.3.3.1. Germany
          • 5.2.3.3.2. France
          • 5.2.3.3.3. Italy
          • 5.2.3.3.4. United Kingdom
          • 5.2.3.3.5. Netherlands
          • 5.2.3.3.6. Rest of Europe
        • 5.2.3.4. MEA
          • 5.2.3.4.1. Middle East
          • 5.2.3.4.2. Africa
        • 5.2.3.5. North America
          • 5.2.3.5.1. United States
          • 5.2.3.5.2. Canada
          • 5.2.3.5.3. Mexico
    • 5.3. Global Heavy Oil (Volume)
      • 5.3.1. Global Heavy Oil by: Type (Volume)
        • 5.3.1.1. Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil}
        • 5.3.1.2. Viscous Crude Oil
        • 5.3.1.3. Coal Tar Creosote
      • 5.3.2. Global Heavy Oil by: Application (Volume)
        • 5.3.2.1. Metallurgy
        • 5.3.2.2. Gasoline
        • 5.3.2.3. Diesel
        • 5.3.2.4. Jet fuel
        • 5.3.2.5. Machine Manufacturing
      • 5.3.3. Global Heavy Oil Region
        • 5.3.3.1. South America
          • 5.3.3.1.1. Brazil
          • 5.3.3.1.2. Argentina
          • 5.3.3.1.3. Rest of South America
        • 5.3.3.2. Asia Pacific
          • 5.3.3.2.1. China
          • 5.3.3.2.2. Japan
          • 5.3.3.2.3. India
          • 5.3.3.2.4. South Korea
          • 5.3.3.2.5. Taiwan
          • 5.3.3.2.6. Australia
          • 5.3.3.2.7. Rest of Asia-Pacific
        • 5.3.3.3. Europe
          • 5.3.3.3.1. Germany
          • 5.3.3.3.2. France
          • 5.3.3.3.3. Italy
          • 5.3.3.3.4. United Kingdom
          • 5.3.3.3.5. Netherlands
          • 5.3.3.3.6. Rest of Europe
        • 5.3.3.4. MEA
          • 5.3.3.4.1. Middle East
          • 5.3.3.4.2. Africa
        • 5.3.3.5. North America
          • 5.3.3.5.1. United States
          • 5.3.3.5.2. Canada
          • 5.3.3.5.3. Mexico
    • 5.4. Global Heavy Oil (Price)
      • 5.4.1. Global Heavy Oil by: Type (Price)
  • 6. Heavy Oil: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2023)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Schlumberger Limited (United States)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Halliburton (United States)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Saudi Aramco (Saudi Arabia)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Albemarle Corporation (United States)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Royal Dutch Shell PLC (Netherlands)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Fractal Systems Inc. (Japan)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. COS (United Kingdom)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. Husky Energy Inc. (Canada)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Devon Energy Corporation (United States)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
  • 7. Global Heavy Oil Sale, by Type, Application and Region (value, volume and price ) (2025-2030)
    • 7.1. Introduction
    • 7.2. Global Heavy Oil (Value)
      • 7.2.1. Global Heavy Oil by: Type (Value)
        • 7.2.1.1. Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil}
        • 7.2.1.2. Viscous Crude Oil
        • 7.2.1.3. Coal Tar Creosote
      • 7.2.2. Global Heavy Oil by: Application (Value)
        • 7.2.2.1. Metallurgy
        • 7.2.2.2. Gasoline
        • 7.2.2.3. Diesel
        • 7.2.2.4. Jet fuel
        • 7.2.2.5. Machine Manufacturing
      • 7.2.3. Global Heavy Oil Region
        • 7.2.3.1. South America
          • 7.2.3.1.1. Brazil
          • 7.2.3.1.2. Argentina
          • 7.2.3.1.3. Rest of South America
        • 7.2.3.2. Asia Pacific
          • 7.2.3.2.1. China
          • 7.2.3.2.2. Japan
          • 7.2.3.2.3. India
          • 7.2.3.2.4. South Korea
          • 7.2.3.2.5. Taiwan
          • 7.2.3.2.6. Australia
          • 7.2.3.2.7. Rest of Asia-Pacific
        • 7.2.3.3. Europe
          • 7.2.3.3.1. Germany
          • 7.2.3.3.2. France
          • 7.2.3.3.3. Italy
          • 7.2.3.3.4. United Kingdom
          • 7.2.3.3.5. Netherlands
          • 7.2.3.3.6. Rest of Europe
        • 7.2.3.4. MEA
          • 7.2.3.4.1. Middle East
          • 7.2.3.4.2. Africa
        • 7.2.3.5. North America
          • 7.2.3.5.1. United States
          • 7.2.3.5.2. Canada
          • 7.2.3.5.3. Mexico
    • 7.3. Global Heavy Oil (Volume)
      • 7.3.1. Global Heavy Oil by: Type (Volume)
        • 7.3.1.1. Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil}
        • 7.3.1.2. Viscous Crude Oil
        • 7.3.1.3. Coal Tar Creosote
      • 7.3.2. Global Heavy Oil by: Application (Volume)
        • 7.3.2.1. Metallurgy
        • 7.3.2.2. Gasoline
        • 7.3.2.3. Diesel
        • 7.3.2.4. Jet fuel
        • 7.3.2.5. Machine Manufacturing
      • 7.3.3. Global Heavy Oil Region
        • 7.3.3.1. South America
          • 7.3.3.1.1. Brazil
          • 7.3.3.1.2. Argentina
          • 7.3.3.1.3. Rest of South America
        • 7.3.3.2. Asia Pacific
          • 7.3.3.2.1. China
          • 7.3.3.2.2. Japan
          • 7.3.3.2.3. India
          • 7.3.3.2.4. South Korea
          • 7.3.3.2.5. Taiwan
          • 7.3.3.2.6. Australia
          • 7.3.3.2.7. Rest of Asia-Pacific
        • 7.3.3.3. Europe
          • 7.3.3.3.1. Germany
          • 7.3.3.3.2. France
          • 7.3.3.3.3. Italy
          • 7.3.3.3.4. United Kingdom
          • 7.3.3.3.5. Netherlands
          • 7.3.3.3.6. Rest of Europe
        • 7.3.3.4. MEA
          • 7.3.3.4.1. Middle East
          • 7.3.3.4.2. Africa
        • 7.3.3.5. North America
          • 7.3.3.5.1. United States
          • 7.3.3.5.2. Canada
          • 7.3.3.5.3. Mexico
    • 7.4. Global Heavy Oil (Price)
      • 7.4.1. Global Heavy Oil by: Type (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Heavy Oil: by Type(USD Million)
  • Table 2. Heavy Oil Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil} , by Region USD Million (2018-2023)
  • Table 3. Heavy Oil Viscous Crude Oil , by Region USD Million (2018-2023)
  • Table 4. Heavy Oil Coal Tar Creosote , by Region USD Million (2018-2023)
  • Table 5. Heavy Oil: by Application(USD Million)
  • Table 6. Heavy Oil Metallurgy , by Region USD Million (2018-2023)
  • Table 7. Heavy Oil Gasoline , by Region USD Million (2018-2023)
  • Table 8. Heavy Oil Diesel , by Region USD Million (2018-2023)
  • Table 9. Heavy Oil Jet fuel , by Region USD Million (2018-2023)
  • Table 10. Heavy Oil Machine Manufacturing , by Region USD Million (2018-2023)
  • Table 11. South America Heavy Oil, by Country USD Million (2018-2023)
  • Table 12. South America Heavy Oil, by Type USD Million (2018-2023)
  • Table 13. South America Heavy Oil, by Application USD Million (2018-2023)
  • Table 14. Brazil Heavy Oil, by Type USD Million (2018-2023)
  • Table 15. Brazil Heavy Oil, by Application USD Million (2018-2023)
  • Table 16. Argentina Heavy Oil, by Type USD Million (2018-2023)
  • Table 17. Argentina Heavy Oil, by Application USD Million (2018-2023)
  • Table 18. Rest of South America Heavy Oil, by Type USD Million (2018-2023)
  • Table 19. Rest of South America Heavy Oil, by Application USD Million (2018-2023)
  • Table 20. Asia Pacific Heavy Oil, by Country USD Million (2018-2023)
  • Table 21. Asia Pacific Heavy Oil, by Type USD Million (2018-2023)
  • Table 22. Asia Pacific Heavy Oil, by Application USD Million (2018-2023)
  • Table 23. China Heavy Oil, by Type USD Million (2018-2023)
  • Table 24. China Heavy Oil, by Application USD Million (2018-2023)
  • Table 25. Japan Heavy Oil, by Type USD Million (2018-2023)
  • Table 26. Japan Heavy Oil, by Application USD Million (2018-2023)
  • Table 27. India Heavy Oil, by Type USD Million (2018-2023)
  • Table 28. India Heavy Oil, by Application USD Million (2018-2023)
  • Table 29. South Korea Heavy Oil, by Type USD Million (2018-2023)
  • Table 30. South Korea Heavy Oil, by Application USD Million (2018-2023)
  • Table 31. Taiwan Heavy Oil, by Type USD Million (2018-2023)
  • Table 32. Taiwan Heavy Oil, by Application USD Million (2018-2023)
  • Table 33. Australia Heavy Oil, by Type USD Million (2018-2023)
  • Table 34. Australia Heavy Oil, by Application USD Million (2018-2023)
  • Table 35. Rest of Asia-Pacific Heavy Oil, by Type USD Million (2018-2023)
  • Table 36. Rest of Asia-Pacific Heavy Oil, by Application USD Million (2018-2023)
  • Table 37. Europe Heavy Oil, by Country USD Million (2018-2023)
  • Table 38. Europe Heavy Oil, by Type USD Million (2018-2023)
  • Table 39. Europe Heavy Oil, by Application USD Million (2018-2023)
  • Table 40. Germany Heavy Oil, by Type USD Million (2018-2023)
  • Table 41. Germany Heavy Oil, by Application USD Million (2018-2023)
  • Table 42. France Heavy Oil, by Type USD Million (2018-2023)
  • Table 43. France Heavy Oil, by Application USD Million (2018-2023)
  • Table 44. Italy Heavy Oil, by Type USD Million (2018-2023)
  • Table 45. Italy Heavy Oil, by Application USD Million (2018-2023)
  • Table 46. United Kingdom Heavy Oil, by Type USD Million (2018-2023)
  • Table 47. United Kingdom Heavy Oil, by Application USD Million (2018-2023)
  • Table 48. Netherlands Heavy Oil, by Type USD Million (2018-2023)
  • Table 49. Netherlands Heavy Oil, by Application USD Million (2018-2023)
  • Table 50. Rest of Europe Heavy Oil, by Type USD Million (2018-2023)
  • Table 51. Rest of Europe Heavy Oil, by Application USD Million (2018-2023)
  • Table 52. MEA Heavy Oil, by Country USD Million (2018-2023)
  • Table 53. MEA Heavy Oil, by Type USD Million (2018-2023)
  • Table 54. MEA Heavy Oil, by Application USD Million (2018-2023)
  • Table 55. Middle East Heavy Oil, by Type USD Million (2018-2023)
  • Table 56. Middle East Heavy Oil, by Application USD Million (2018-2023)
  • Table 57. Africa Heavy Oil, by Type USD Million (2018-2023)
  • Table 58. Africa Heavy Oil, by Application USD Million (2018-2023)
  • Table 59. North America Heavy Oil, by Country USD Million (2018-2023)
  • Table 60. North America Heavy Oil, by Type USD Million (2018-2023)
  • Table 61. North America Heavy Oil, by Application USD Million (2018-2023)
  • Table 62. United States Heavy Oil, by Type USD Million (2018-2023)
  • Table 63. United States Heavy Oil, by Application USD Million (2018-2023)
  • Table 64. Canada Heavy Oil, by Type USD Million (2018-2023)
  • Table 65. Canada Heavy Oil, by Application USD Million (2018-2023)
  • Table 66. Mexico Heavy Oil, by Type USD Million (2018-2023)
  • Table 67. Mexico Heavy Oil, by Application USD Million (2018-2023)
  • Table 68. Heavy Oil Sales: by Type(M Tons)
  • Table 69. Heavy Oil Sales Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil} , by Region M Tons (2018-2023)
  • Table 70. Heavy Oil Sales Viscous Crude Oil , by Region M Tons (2018-2023)
  • Table 71. Heavy Oil Sales Coal Tar Creosote , by Region M Tons (2018-2023)
  • Table 72. Heavy Oil Sales: by Application(M Tons)
  • Table 73. Heavy Oil Sales Metallurgy , by Region M Tons (2018-2023)
  • Table 74. Heavy Oil Sales Gasoline , by Region M Tons (2018-2023)
  • Table 75. Heavy Oil Sales Diesel , by Region M Tons (2018-2023)
  • Table 76. Heavy Oil Sales Jet fuel , by Region M Tons (2018-2023)
  • Table 77. Heavy Oil Sales Machine Manufacturing , by Region M Tons (2018-2023)
  • Table 78. South America Heavy Oil Sales, by Country M Tons (2018-2023)
  • Table 79. South America Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 80. South America Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 81. Brazil Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 82. Brazil Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 83. Argentina Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 84. Argentina Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 85. Rest of South America Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 86. Rest of South America Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 87. Asia Pacific Heavy Oil Sales, by Country M Tons (2018-2023)
  • Table 88. Asia Pacific Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 89. Asia Pacific Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 90. China Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 91. China Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 92. Japan Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 93. Japan Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 94. India Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 95. India Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 96. South Korea Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 97. South Korea Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 98. Taiwan Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 99. Taiwan Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 100. Australia Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 101. Australia Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 102. Rest of Asia-Pacific Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 103. Rest of Asia-Pacific Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 104. Europe Heavy Oil Sales, by Country M Tons (2018-2023)
  • Table 105. Europe Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 106. Europe Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 107. Germany Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 108. Germany Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 109. France Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 110. France Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 111. Italy Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 112. Italy Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 113. United Kingdom Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 114. United Kingdom Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 115. Netherlands Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 116. Netherlands Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 117. Rest of Europe Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 118. Rest of Europe Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 119. MEA Heavy Oil Sales, by Country M Tons (2018-2023)
  • Table 120. MEA Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 121. MEA Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 122. Middle East Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 123. Middle East Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 124. Africa Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 125. Africa Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 126. North America Heavy Oil Sales, by Country M Tons (2018-2023)
  • Table 127. North America Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 128. North America Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 129. United States Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 130. United States Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 131. Canada Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 132. Canada Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 133. Mexico Heavy Oil Sales, by Type M Tons (2018-2023)
  • Table 134. Mexico Heavy Oil Sales, by Application M Tons (2018-2023)
  • Table 135. Heavy Oil: by Type(USD/Units)
  • Table 136. Company Basic Information, Sales Area and Its Competitors
  • Table 137. Company Basic Information, Sales Area and Its Competitors
  • Table 138. Company Basic Information, Sales Area and Its Competitors
  • Table 139. Company Basic Information, Sales Area and Its Competitors
  • Table 140. Company Basic Information, Sales Area and Its Competitors
  • Table 141. Company Basic Information, Sales Area and Its Competitors
  • Table 142. Company Basic Information, Sales Area and Its Competitors
  • Table 143. Company Basic Information, Sales Area and Its Competitors
  • Table 144. Company Basic Information, Sales Area and Its Competitors
  • Table 145. Heavy Oil: by Type(USD Million)
  • Table 146. Heavy Oil Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil} , by Region USD Million (2025-2030)
  • Table 147. Heavy Oil Viscous Crude Oil , by Region USD Million (2025-2030)
  • Table 148. Heavy Oil Coal Tar Creosote , by Region USD Million (2025-2030)
  • Table 149. Heavy Oil: by Application(USD Million)
  • Table 150. Heavy Oil Metallurgy , by Region USD Million (2025-2030)
  • Table 151. Heavy Oil Gasoline , by Region USD Million (2025-2030)
  • Table 152. Heavy Oil Diesel , by Region USD Million (2025-2030)
  • Table 153. Heavy Oil Jet fuel , by Region USD Million (2025-2030)
  • Table 154. Heavy Oil Machine Manufacturing , by Region USD Million (2025-2030)
  • Table 155. South America Heavy Oil, by Country USD Million (2025-2030)
  • Table 156. South America Heavy Oil, by Type USD Million (2025-2030)
  • Table 157. South America Heavy Oil, by Application USD Million (2025-2030)
  • Table 158. Brazil Heavy Oil, by Type USD Million (2025-2030)
  • Table 159. Brazil Heavy Oil, by Application USD Million (2025-2030)
  • Table 160. Argentina Heavy Oil, by Type USD Million (2025-2030)
  • Table 161. Argentina Heavy Oil, by Application USD Million (2025-2030)
  • Table 162. Rest of South America Heavy Oil, by Type USD Million (2025-2030)
  • Table 163. Rest of South America Heavy Oil, by Application USD Million (2025-2030)
  • Table 164. Asia Pacific Heavy Oil, by Country USD Million (2025-2030)
  • Table 165. Asia Pacific Heavy Oil, by Type USD Million (2025-2030)
  • Table 166. Asia Pacific Heavy Oil, by Application USD Million (2025-2030)
  • Table 167. China Heavy Oil, by Type USD Million (2025-2030)
  • Table 168. China Heavy Oil, by Application USD Million (2025-2030)
  • Table 169. Japan Heavy Oil, by Type USD Million (2025-2030)
  • Table 170. Japan Heavy Oil, by Application USD Million (2025-2030)
  • Table 171. India Heavy Oil, by Type USD Million (2025-2030)
  • Table 172. India Heavy Oil, by Application USD Million (2025-2030)
  • Table 173. South Korea Heavy Oil, by Type USD Million (2025-2030)
  • Table 174. South Korea Heavy Oil, by Application USD Million (2025-2030)
  • Table 175. Taiwan Heavy Oil, by Type USD Million (2025-2030)
  • Table 176. Taiwan Heavy Oil, by Application USD Million (2025-2030)
  • Table 177. Australia Heavy Oil, by Type USD Million (2025-2030)
  • Table 178. Australia Heavy Oil, by Application USD Million (2025-2030)
  • Table 179. Rest of Asia-Pacific Heavy Oil, by Type USD Million (2025-2030)
  • Table 180. Rest of Asia-Pacific Heavy Oil, by Application USD Million (2025-2030)
  • Table 181. Europe Heavy Oil, by Country USD Million (2025-2030)
  • Table 182. Europe Heavy Oil, by Type USD Million (2025-2030)
  • Table 183. Europe Heavy Oil, by Application USD Million (2025-2030)
  • Table 184. Germany Heavy Oil, by Type USD Million (2025-2030)
  • Table 185. Germany Heavy Oil, by Application USD Million (2025-2030)
  • Table 186. France Heavy Oil, by Type USD Million (2025-2030)
  • Table 187. France Heavy Oil, by Application USD Million (2025-2030)
  • Table 188. Italy Heavy Oil, by Type USD Million (2025-2030)
  • Table 189. Italy Heavy Oil, by Application USD Million (2025-2030)
  • Table 190. United Kingdom Heavy Oil, by Type USD Million (2025-2030)
  • Table 191. United Kingdom Heavy Oil, by Application USD Million (2025-2030)
  • Table 192. Netherlands Heavy Oil, by Type USD Million (2025-2030)
  • Table 193. Netherlands Heavy Oil, by Application USD Million (2025-2030)
  • Table 194. Rest of Europe Heavy Oil, by Type USD Million (2025-2030)
  • Table 195. Rest of Europe Heavy Oil, by Application USD Million (2025-2030)
  • Table 196. MEA Heavy Oil, by Country USD Million (2025-2030)
  • Table 197. MEA Heavy Oil, by Type USD Million (2025-2030)
  • Table 198. MEA Heavy Oil, by Application USD Million (2025-2030)
  • Table 199. Middle East Heavy Oil, by Type USD Million (2025-2030)
  • Table 200. Middle East Heavy Oil, by Application USD Million (2025-2030)
  • Table 201. Africa Heavy Oil, by Type USD Million (2025-2030)
  • Table 202. Africa Heavy Oil, by Application USD Million (2025-2030)
  • Table 203. North America Heavy Oil, by Country USD Million (2025-2030)
  • Table 204. North America Heavy Oil, by Type USD Million (2025-2030)
  • Table 205. North America Heavy Oil, by Application USD Million (2025-2030)
  • Table 206. United States Heavy Oil, by Type USD Million (2025-2030)
  • Table 207. United States Heavy Oil, by Application USD Million (2025-2030)
  • Table 208. Canada Heavy Oil, by Type USD Million (2025-2030)
  • Table 209. Canada Heavy Oil, by Application USD Million (2025-2030)
  • Table 210. Mexico Heavy Oil, by Type USD Million (2025-2030)
  • Table 211. Mexico Heavy Oil, by Application USD Million (2025-2030)
  • Table 212. Heavy Oil Sales: by Type(M Tons)
  • Table 213. Heavy Oil Sales Heavy Crude Oil {High Sulfur Crude Oil, Low Sulfur Crude Oil} , by Region M Tons (2025-2030)
  • Table 214. Heavy Oil Sales Viscous Crude Oil , by Region M Tons (2025-2030)
  • Table 215. Heavy Oil Sales Coal Tar Creosote , by Region M Tons (2025-2030)
  • Table 216. Heavy Oil Sales: by Application(M Tons)
  • Table 217. Heavy Oil Sales Metallurgy , by Region M Tons (2025-2030)
  • Table 218. Heavy Oil Sales Gasoline , by Region M Tons (2025-2030)
  • Table 219. Heavy Oil Sales Diesel , by Region M Tons (2025-2030)
  • Table 220. Heavy Oil Sales Jet fuel , by Region M Tons (2025-2030)
  • Table 221. Heavy Oil Sales Machine Manufacturing , by Region M Tons (2025-2030)
  • Table 222. South America Heavy Oil Sales, by Country M Tons (2025-2030)
  • Table 223. South America Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 224. South America Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 225. Brazil Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 226. Brazil Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 227. Argentina Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 228. Argentina Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 229. Rest of South America Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 230. Rest of South America Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 231. Asia Pacific Heavy Oil Sales, by Country M Tons (2025-2030)
  • Table 232. Asia Pacific Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 233. Asia Pacific Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 234. China Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 235. China Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 236. Japan Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 237. Japan Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 238. India Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 239. India Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 240. South Korea Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 241. South Korea Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 242. Taiwan Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 243. Taiwan Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 244. Australia Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 245. Australia Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 246. Rest of Asia-Pacific Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 247. Rest of Asia-Pacific Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 248. Europe Heavy Oil Sales, by Country M Tons (2025-2030)
  • Table 249. Europe Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 250. Europe Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 251. Germany Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 252. Germany Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 253. France Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 254. France Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 255. Italy Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 256. Italy Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 257. United Kingdom Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 258. United Kingdom Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 259. Netherlands Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 260. Netherlands Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 261. Rest of Europe Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 262. Rest of Europe Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 263. MEA Heavy Oil Sales, by Country M Tons (2025-2030)
  • Table 264. MEA Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 265. MEA Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 266. Middle East Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 267. Middle East Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 268. Africa Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 269. Africa Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 270. North America Heavy Oil Sales, by Country M Tons (2025-2030)
  • Table 271. North America Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 272. North America Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 273. United States Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 274. United States Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 275. Canada Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 276. Canada Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 277. Mexico Heavy Oil Sales, by Type M Tons (2025-2030)
  • Table 278. Mexico Heavy Oil Sales, by Application M Tons (2025-2030)
  • Table 279. Heavy Oil: by Type(USD/Units)
  • Table 280. Research Programs/Design for This Report
  • Table 281. Key Data Information from Secondary Sources
  • Table 282. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Heavy Oil: by Type USD Million (2018-2023)
  • Figure 5. Global Heavy Oil: by Application USD Million (2018-2023)
  • Figure 6. South America Heavy Oil Share (%), by Country
  • Figure 7. Asia Pacific Heavy Oil Share (%), by Country
  • Figure 8. Europe Heavy Oil Share (%), by Country
  • Figure 9. MEA Heavy Oil Share (%), by Country
  • Figure 10. North America Heavy Oil Share (%), by Country
  • Figure 11. Global Heavy Oil: by Type M Tons (2018-2023)
  • Figure 12. Global Heavy Oil: by Application M Tons (2018-2023)
  • Figure 13. South America Heavy Oil Share (%), by Country
  • Figure 14. Asia Pacific Heavy Oil Share (%), by Country
  • Figure 15. Europe Heavy Oil Share (%), by Country
  • Figure 16. MEA Heavy Oil Share (%), by Country
  • Figure 17. North America Heavy Oil Share (%), by Country
  • Figure 18. Global Heavy Oil: by Type USD/Units (2018-2023)
  • Figure 19. Global Heavy Oil share by Players 2023 (%)
  • Figure 20. Global Heavy Oil share by Players (Top 3) 2023(%)
  • Figure 21. Global Heavy Oil share by Players (Top 5) 2023(%)
  • Figure 22. BCG Matrix for key Companies
  • Figure 23. Schlumberger Limited (United States) Revenue, Net Income and Gross profit
  • Figure 24. Schlumberger Limited (United States) Revenue: by Geography 2023
  • Figure 25. Halliburton (United States) Revenue, Net Income and Gross profit
  • Figure 26. Halliburton (United States) Revenue: by Geography 2023
  • Figure 27. Saudi Aramco (Saudi Arabia) Revenue, Net Income and Gross profit
  • Figure 28. Saudi Aramco (Saudi Arabia) Revenue: by Geography 2023
  • Figure 29. Albemarle Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 30. Albemarle Corporation (United States) Revenue: by Geography 2023
  • Figure 31. Royal Dutch Shell PLC (Netherlands) Revenue, Net Income and Gross profit
  • Figure 32. Royal Dutch Shell PLC (Netherlands) Revenue: by Geography 2023
  • Figure 33. Fractal Systems Inc. (Japan) Revenue, Net Income and Gross profit
  • Figure 34. Fractal Systems Inc. (Japan) Revenue: by Geography 2023
  • Figure 35. COS (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 36. COS (United Kingdom) Revenue: by Geography 2023
  • Figure 37. Husky Energy Inc. (Canada) Revenue, Net Income and Gross profit
  • Figure 38. Husky Energy Inc. (Canada) Revenue: by Geography 2023
  • Figure 39. Devon Energy Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 40. Devon Energy Corporation (United States) Revenue: by Geography 2023
  • Figure 41. Global Heavy Oil: by Type USD Million (2025-2030)
  • Figure 42. Global Heavy Oil: by Application USD Million (2025-2030)
  • Figure 43. South America Heavy Oil Share (%), by Country
  • Figure 44. Asia Pacific Heavy Oil Share (%), by Country
  • Figure 45. Europe Heavy Oil Share (%), by Country
  • Figure 46. MEA Heavy Oil Share (%), by Country
  • Figure 47. North America Heavy Oil Share (%), by Country
  • Figure 48. Global Heavy Oil: by Type M Tons (2025-2030)
  • Figure 49. Global Heavy Oil: by Application M Tons (2025-2030)
  • Figure 50. South America Heavy Oil Share (%), by Country
  • Figure 51. Asia Pacific Heavy Oil Share (%), by Country
  • Figure 52. Europe Heavy Oil Share (%), by Country
  • Figure 53. MEA Heavy Oil Share (%), by Country
  • Figure 54. North America Heavy Oil Share (%), by Country
  • Figure 55. Global Heavy Oil: by Type USD/Units (2025-2030)
List of companies from research coverage that are profiled in the study
  • Schlumberger Limited (United States)
  • Halliburton (United States)
  • Saudi Aramco (Saudi Arabia)
  • Albemarle Corporation (United States)
  • Royal Dutch Shell PLC (Netherlands)
  • Fractal Systems Inc. (Japan)
  • COS (United Kingdom)
  • Husky Energy Inc. (Canada)
  • Devon Energy Corporation (United States)
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Mar 2024 249 Pages 83 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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  • Upgrading Heavy Oil leaves behind an even heavier residue
  • The difficulty of transporting it through Pipelines Because of its High Viscosity

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