Crude Oil Refining Market Strategies and Share 2031
The treatment of crude oil post extraction of the same to enhance the quality of the oil and its use-cases is known as crude oil refining. Some of the major impurities to be extracted form the raw crude oil includes color bodies, phosphatides, gummy substances, free fatty acids, tocopherols, sterols, and hydrocarbons amongst others.
MARKET DYNAMICS
The increasing number of both commercial and passenger vehicles on road across the globe is influencing the rise in demand for oil refineries across the globe thereby contributing to the growth of the market. Additionally, rising investment and initiatives by government bodies is further expected to augment the growth of the market over the forecast period.
MARKET SCOPE
The "Global Crude Oil Refining Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The crude oil refining market report aims to provide an overview of the crude oil refining market with detailed market segmentation by complexity type, application, and geography. The global crude 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 crude oil refining market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global crude oil refining market is segmented based on complexity type, application. Based on complexity type, the crude oil refining market is segmented into topping, hydro-skimming, conversion, deep conversion. Based on application, the crude oil refining market is segmented into transportation, petrochemical, plastic, food production, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global crude oil refining market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The crude oil refining market by each region is later sub-segmented by respective countries and segments. The crude oil refining market 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 crude oil refining market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the crude oil refining market in these regions.
IMPACT OF COVID-19 ON CRUDE OIL REFINING MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global crude oil refining market. The demand for oil and petrochemical products declined significantly from the industrial sector owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the crude oil refiners thereby impacting the growth of the global crude oil refining market from the supply side as well
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global crude oil refining market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The crude oil refining market by each region is later sub-segmented by respective countries and segments. The crude oil refining market 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 crude oil refining market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the crude oil refining market in these regions.
IMPACT OF COVID-19 ON CRUDE OIL REFINING MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global crude oil refining market. The demand for oil and petrochemical products declined significantly from the industrial sector owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the crude oil refiners thereby impacting the growth of the global crude oil refining market from the supply side as well
MARKET PLAYERS
The reports cover key developments in the crude 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from crude oil refining market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the crude oil refining market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the crude oil refining market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Shell
- Reliance Industries Limited.
- China Petroleum & Chemical Corporation
- bp p.l.c.
- Exxon Mobil Corporation.
- TotalEnergies
- Chevron Corporation.
- Marathon Petroleum Corporation
- PJSC Sakhavostokneftegaz
- Bharat Petroleum Corporation Limited.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Crude Oil Refining Market - By Complexity Type
1.3.2 Crude Oil Refining Market - By Application
1.3.3 Crude Oil Refining Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CRUDE OIL REFINING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. CRUDE OIL REFINING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CRUDE OIL REFINING MARKET - GLOBAL MARKET ANALYSIS
6.1. CRUDE OIL REFINING - GLOBAL MARKET OVERVIEW
6.2. CRUDE OIL REFINING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CRUDE OIL REFINING MARKET - REVENUE AND FORECASTS TO 2028 - COMPLEXITY TYPE
7.1. OVERVIEW
7.2. COMPLEXITY TYPE MARKET FORECASTS AND ANALYSIS
7.3. TOPPING
7.3.1. Overview
7.3.2. Topping Market Forecast and Analysis
7.4. HYDRO-SKIMMING
7.4.1. Overview
7.4.2. Hydro-Skimming Market Forecast and Analysis
7.5. CONVERSION
7.5.1. Overview
7.5.2. Conversion Market Forecast and Analysis
7.6. DEEP CONVERSION
7.6.1. Overview
7.6.2. Deep Conversion Market Forecast and Analysis
8. CRUDE OIL REFINING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TRANSPORTATION
8.3.1. Overview
8.3.2. Transportation Market Forecast and Analysis
8.4. PETROCHEMICAL
8.4.1. Overview
8.4.2. Petrochemical Market Forecast and Analysis
8.5. PLASTIC
8.5.1. Overview
8.5.2. Plastic Market Forecast and Analysis
8.6. FOOD PRODUCTION
8.6.1. Overview
8.6.2. Food Production Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. CRUDE OIL REFINING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Crude Oil Refining Market Overview
9.1.2 North America Crude Oil Refining Market Forecasts and Analysis
9.1.3 North America Crude Oil Refining Market Forecasts and Analysis - By Complexity Type
9.1.4 North America Crude Oil Refining Market Forecasts and Analysis - By Application
9.1.5 North America Crude Oil Refining Market Forecasts and Analysis - By Countries
9.1.5.1 United States Crude Oil Refining Market
9.1.5.1.1 United States Crude Oil Refining Market by Complexity Type
9.1.5.1.2 United States Crude Oil Refining Market by Application
9.1.5.2 Canada Crude Oil Refining Market
9.1.5.2.1 Canada Crude Oil Refining Market by Complexity Type
9.1.5.2.2 Canada Crude Oil Refining Market by Application
9.1.5.3 Mexico Crude Oil Refining Market
9.1.5.3.1 Mexico Crude Oil Refining Market by Complexity Type
9.1.5.3.2 Mexico Crude Oil Refining Market by Application
9.2. EUROPE
9.2.1 Europe Crude Oil Refining Market Overview
9.2.2 Europe Crude Oil Refining Market Forecasts and Analysis
9.2.3 Europe Crude Oil Refining Market Forecasts and Analysis - By Complexity Type
9.2.4 Europe Crude Oil Refining Market Forecasts and Analysis - By Application
9.2.5 Europe Crude Oil Refining Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Crude Oil Refining Market
9.2.5.1.1 Germany Crude Oil Refining Market by Complexity Type
9.2.5.1.2 Germany Crude Oil Refining Market by Application
9.2.5.2 France Crude Oil Refining Market
9.2.5.2.1 France Crude Oil Refining Market by Complexity Type
9.2.5.2.2 France Crude Oil Refining Market by Application
9.2.5.3 Italy Crude Oil Refining Market
9.2.5.3.1 Italy Crude Oil Refining Market by Complexity Type
9.2.5.3.2 Italy Crude Oil Refining Market by Application
9.2.5.4 United Kingdom Crude Oil Refining Market
9.2.5.4.1 United Kingdom Crude Oil Refining Market by Complexity Type
9.2.5.4.2 United Kingdom Crude Oil Refining Market by Application
9.2.5.5 Russia Crude Oil Refining Market
9.2.5.5.1 Russia Crude Oil Refining Market by Complexity Type
9.2.5.5.2 Russia Crude Oil Refining Market by Application
9.2.5.6 Rest of Europe Crude Oil Refining Market
9.2.5.6.1 Rest of Europe Crude Oil Refining Market by Complexity Type
9.2.5.6.2 Rest of Europe Crude Oil Refining Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Crude Oil Refining Market Overview
9.3.2 Asia-Pacific Crude Oil Refining Market Forecasts and Analysis
9.3.3 Asia-Pacific Crude Oil Refining Market Forecasts and Analysis - By Complexity Type
9.3.4 Asia-Pacific Crude Oil Refining Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Crude Oil Refining Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Crude Oil Refining Market
9.3.5.1.1 Australia Crude Oil Refining Market by Complexity Type
9.3.5.1.2 Australia Crude Oil Refining Market by Application
9.3.5.2 China Crude Oil Refining Market
9.3.5.2.1 China Crude Oil Refining Market by Complexity Type
9.3.5.2.2 China Crude Oil Refining Market by Application
9.3.5.3 India Crude Oil Refining Market
9.3.5.3.1 India Crude Oil Refining Market by Complexity Type
9.3.5.3.2 India Crude Oil Refining Market by Application
9.3.5.4 Japan Crude Oil Refining Market
9.3.5.4.1 Japan Crude Oil Refining Market by Complexity Type
9.3.5.4.2 Japan Crude Oil Refining Market by Application
9.3.5.5 South Korea Crude Oil Refining Market
9.3.5.5.1 South Korea Crude Oil Refining Market by Complexity Type
9.3.5.5.2 South Korea Crude Oil Refining Market by Application
9.3.5.6 Rest of Asia-Pacific Crude Oil Refining Market
9.3.5.6.1 Rest of Asia-Pacific Crude Oil Refining Market by Complexity Type
9.3.5.6.2 Rest of Asia-Pacific Crude Oil Refining Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Crude Oil Refining Market Overview
9.4.2 Middle East and Africa Crude Oil Refining Market Forecasts and Analysis
9.4.3 Middle East and Africa Crude Oil Refining Market Forecasts and Analysis - By Complexity Type
9.4.4 Middle East and Africa Crude Oil Refining Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Crude Oil Refining Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Crude Oil Refining Market
9.4.5.1.1 South Africa Crude Oil Refining Market by Complexity Type
9.4.5.1.2 South Africa Crude Oil Refining Market by Application
9.4.5.2 Saudi Arabia Crude Oil Refining Market
9.4.5.2.1 Saudi Arabia Crude Oil Refining Market by Complexity Type
9.4.5.2.2 Saudi Arabia Crude Oil Refining Market by Application
9.4.5.3 U.A.E Crude Oil Refining Market
9.4.5.3.1 U.A.E Crude Oil Refining Market by Complexity Type
9.4.5.3.2 U.A.E Crude Oil Refining Market by Application
9.4.5.4 Rest of Middle East and Africa Crude Oil Refining Market
9.4.5.4.1 Rest of Middle East and Africa Crude Oil Refining Market by Complexity Type
9.4.5.4.2 Rest of Middle East and Africa Crude Oil Refining Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Crude Oil Refining Market Overview
9.5.2 South and Central America Crude Oil Refining Market Forecasts and Analysis
9.5.3 South and Central America Crude Oil Refining Market Forecasts and Analysis - By Complexity Type
9.5.4 South and Central America Crude Oil Refining Market Forecasts and Analysis - By Application
9.5.5 South and Central America Crude Oil Refining Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Crude Oil Refining Market
9.5.5.1.1 Brazil Crude Oil Refining Market by Complexity Type
9.5.5.1.2 Brazil Crude Oil Refining Market by Application
9.5.5.2 Argentina Crude Oil Refining Market
9.5.5.2.1 Argentina Crude Oil Refining Market by Complexity Type
9.5.5.2.2 Argentina Crude Oil Refining Market by Application
9.5.5.3 Rest of South and Central America Crude Oil Refining Market
9.5.5.3.1 Rest of South and Central America Crude Oil Refining Market by Complexity Type
9.5.5.3.2 Rest of South and Central America Crude Oil Refining Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CRUDE OIL REFINING MARKET, KEY COMPANY PROFILES
11.1. SHELL
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. RELIANCE INDUSTRIES LIMITED.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHINA PETROLEUM AND CHEMICAL CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BP P.L.C.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EXXON MOBIL CORPORATION.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TOTALENERGIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CHEVRON CORPORATION.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MARATHON PETROLEUM CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PJSC SAKHAVOSTOKNEFTEGAZ
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BHARAT PETROLEUM CORPORATION LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Shell
2.Reliance Industries Limited.
3.China Petroleum and Chemical Corporation
4.bp p.l.c.
5.Exxon Mobil Corporation.
6.TotalEnergies
7.Chevron Corporation.
8.Marathon Petroleum Corporation
9.PJSC Sakhavostokneftegaz
10.Bharat Petroleum Corporation Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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