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The oil refining market is forecasted to grow by USD 106.6 billion during 2023-2028, accelerating at a CAGR of 1.23% during the forecast period. The report on the oil refining market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by surging demand for refined fuel, growing aviation industry, and increased investments in construction industry.
The oil refining market is segmented as below:
By Product
- Light distillates
- Middle distillates
- Fuel oil
- Others
By Fuel Type
- Gasoline
- Kerosene
- LPG
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the oil refining market covers the following areas:
- Oil refining market sizing
- Oil refining market forecast
- Oil refining market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Fuel Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global oil refining market: Abu Dhabi National Oil Co., Alexandria Petroleum Co., Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China Petrochemical Corp., CTCI Corp., Essar, Exxon Mobil Corp., Gazprom Nedra LLC, Hindustan Petroleum Corp. Ltd., Indian Oil Corp. Ltd., Kuwait Petroleum Corp., Marathon Petroleum Corp., Oil and Natural Gas Corp. Ltd., PJSC LUKOIL, Reliance Industries Ltd., Saudi Arabian Oil Co., Shell plc, and Valero Energy Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is adoption of modular mini refineries."
According to the report, one of the major drivers for this market is the surging demand for refined fuel.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abu Dhabi National Oil Co.
- Alexandria Petroleum Co.
- Bharat Petroleum Corp. Ltd.
- BP Plc
- Chevron Corp.
- China Petrochemical Corp.
- CTCI Corp.
- Essar
- Exxon Mobil Corp.
- Gazprom Nedra LLC
- Hindustan Petroleum Corp. Ltd.
- Indian Oil Corp. Ltd.
- Kuwait Petroleum Corp.
- Marathon Petroleum Corp.
- Oil and Natural Gas Corp. Ltd.
- PJSC LUKOIL
- Reliance Industries Ltd.
- Saudi Arabian Oil Co.
- Shell plc
- Valero Energy Corp.
