Product Code: ETC412880 | Publication Date: Oct 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India oil sands market import shipments experienced a significant decline from 2020 to 2024, with a CAGR of -43.0%. The growth rate between 2023 and 2024 further decreased by 50.0%, indicating a continued sharp decline. The market contracted rapidly, showing a clear trend of deceleration and loss of momentum.
India Oil Sands Market growth is mainly driven by the rising prices of crude oil, increasing demand for petroleum products, and increasing production activities. India oil sands market is highly competitive with the presence of many leading players vying for market share. However, the gradual fall in crude oil prices has led to a decrease in investment in production activities in the country. Further, the environmental concerns and regulations are also deterring companies from investing in this market.Nonetheless, there are number of opportunities in the market which includes country?s large reserves of undeveloped resources. Additionally, rising energy prices have made it attractive for investors to invest in India Oil Sands Market. Furthermore, recent advancements in Deepwater drilling technology have created more opportunities for international firms interested in investing in Indian Oil Sands Market.