Oil Refining Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Oil Refining Market covers analysis By Complexity (Topping, Conversion, Deep Conversion); Fuel Type (Gasoline, Kerosene, LPG, Others); Application (Transportation, Aviation, Petrochemical, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Code : TIPRE00027561
Category : Energy and Power

Status : Upcoming
No. of Pages : 150

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MARKET INTRODUCTION

Oil refining is a process in which crude oil is transformed using a series of processes in a refinery into products such as fuel, gasoline, lubricants, etc. Oil refining is a three stage process in which separation, conversion and treatment are carried out. Heat is applied to the crude, which is sent to a distillation tower and separated by boiling point.

MARKET SCOPE

The "Global Oil Refining Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Oil Refining Market with detailed market segmentation into by type, by application, and by region. The Oil Refining Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Oil Refining Market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The Oil Refining Market has been segmented into by complexity, by fuel type, and by application type. By complexity the market has been bifurcated into topping, conversion and deep conversion. By fuel type the market has been bifurcated into gasoline, kerosene, LPG and others. By application the market has been bifurcated into transportation, aviation, petrochemical and others.

MARKET DYNAMICS

Growth Factors

Increasing demand for petroleum products

Rise in use of vehicles in developing countries

Increase in expenditure of refinery infrastructure
Restraints

Adoption of clean fuel

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Oil Refining Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Oil Refining Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Oil Refining Market in these regions.
Impact of Covid 19 on Oil Refining Market
The COVID-19 pandemic has negatively affected the market due to a reduction in consumption of refined petroleum products and declining economic development across the major nations of the world. The rise in the number of Covid 19 cases led to mass lockdowns and restrictions imposed by several governments and regulatory bodies. Falling crude oil prices and decreasing demand have created inventory problems in both the distribution network and the refineries. However, there is expected to be a growth in the Oil Refining Market in the coming years as lockdowns have been lifted and increasing demand of petroleum products in coming years.

MARKET PLAYERS

The report covers vital developments in the Oil Refining Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Oil Refining Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Oil Refining Market. Below mentioned is the list of a few companies engaged in the Oil Refining Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Oil Refining Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

Indian Oil
Chevron
Shell
Exxon Mobil
Kuwait Petroleum International
Essar Oil
China National Petroleum Corporation
Total SA
Abu Dhabi National Oil Company

Kuwait Petroleum

Oil Refining Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Complexity Topping Conversion Deep Conversion By Fuel Type Gasoline Kerosene LPG By Application Transportation Aviation Petrochemical
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Indian Oil Chevron Shell Exxon Mobil Kuwait Petroleum International Essar Oil China National Petroleum Corporation Total SA Abu Dhabi National Oil Company