Market Research Logo

Oil Refining Market Size By Complexity (Topping, Conversion, Deep Conversion), Product (Light Distillates, Middle Distillates, Fuel Oil, Others), By Fuel (Gasoline, Gasoil, Kerosene, LPG, Others), By Application (Road transport, Aviation, Marine Bunker, P

Oil Refining Market Size By Complexity (Topping, Conversion, Deep Conversion), Product (Light Distillates, Middle Distillates, Fuel Oil, Others), By Fuel (Gasoline, Gasoil, Kerosene, LPG, Others), By Application (Road transport, Aviation, Marine Bunker, Petrochemical, Residential, Electricity Generation, Rail & domestic, Others) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, France, Italy, Netherland, Russia, Spain, UK, China, Japan, South Korea, Singapore, India, Indonesia, Iran, Saudi Arabia, UAE, Kuwait, Argentina, Brazil, Venezuela, Algeria, Egypt, South Africa, Nigeria) Application Potential, Competitive Market Share & Forecast, 2018 - 2024

Oil Refining Market is anticipated to reach over USD 7 trillion by 2024. Rising demand for lighter crude distillates coupled with air borne emission directives will enhance the industry growth. For instance, MARPOL, in Europe, launched international regulatory regime to restrict air borne emissions from shipping vessels. As per the regulation, maximum sulfur content in marine fuel should not exceed 0.10% by weight within the emission-controlled areas. Rapid modernization along with rising investment toward industrial sector are few factors impacting the demand for lighter petroleum products.

Growing investment toward the expansion, upgradation and refurbishment of prevailing refinery facilities will fuel the global oil refining market share. In April 2018, Saudi Aramco declared an investment worth USD 44 billion in India to establish integrated refining units and petrochemical complex in the nation.

In 2017, the oil consumption accounted for over 0.5 MBPD in Kuwait. Increasing development of petroleum fired power generation facilities and soaring investment toward integration and upgradation of existing refineries will stimulate the oil refining market growth. In 2017, the government of Kuwait proclaimed an investment of USD 17 billion to revamp and integrate Mina Abdullah and Mina Al-Ahmadi refineries.

Oil refining market from the aviation application is predicted to witness significant growth owing to the introduction of regional connectivity schemes along with lowering travel costs and upsurge in middle income flyers. For instance, the air carrier industry observed an increment of USD 49 Billion in overall income from passenger flights in 2018 as compared to the revenue generated in 2017.

Road transport contributed for over 40% of the overall oil refining market share in 2017. Elevated demand in freight transportation industry and favorable tourism industry outlook will propel the refining business growth. As per the European Automobile Manufacturer Association, the road transport network accounted for over 75% of goods transported in 2017.

Saudi Arabia oil refining market is predicted to surpass USD 150 billion by 2024. Rising focus to attain diversified economic growth and employment enhancement will augment the business outlook. Growing population, economic escalation and improving living standards are some of the factors influencing the demand for petroleum product across the country. Increasing demand to process heavy crude fractions and fuel oil into the lighter distillates will further sway the industry landscape.

Emerging demand for value added refined products and growing concern to curtail import dependency will stimulate the oil refining market share in Indonesia. For instance, fuel demand increased to 1.6 BPD in 2017, however, the refining capacity stood around 1.1 MBPD, implying that the nation imported 43% of the products from overseas.

Notable industry players in oil refining market include Saudi Aramco, ADNOC, S-Oil, Reliance, PBF Energy, Exxon Mobil, Indian Oil, Hindustan Petroleum, Bharat Petroleum, Philips 66, SINOPEC, Fluor, Shell, Chevron and Kuwait Petroleum.


Chapter 1. Methodology and Scope
1.1. Methodology
1.2. Market definitions
1.3. Market estimation and forecast parameters
1.4. Data Sources
1.4.1. Primary
1.4.2. Secondary
1.4.2.1. Paid Sources
1.4.2.2. Public Sources
Chapter 2. Executive Summary
2.1. Oil refining industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Complexity trends
2.1.3. Product trends
2.1.4. Fuel trends
2.1.5. Application trends
2.1.6. Regional trends
Chapter 3. Oil Refining Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024 (USD Billion)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Innovation and sustainability
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Middle East
3.5.5. Africa
3.5.6. Latin America
3.6. Price trend analysis
3.7. Customer Group Requirement
3.7.1. Importance of customer requirements (1 - low, 5 - high))
3.8. Entry Barriers
3.8.1. Importance of Entry Barriers (1 - low, 5 - high)
3.9. Oil trade movements
3.10. Key upcoming refinery projects list
3.11. Refinery closure project list
3.12. Global crude supply by API gravity category
3.13. Crude unit throughputs and utilization, 2016
3.13.1. North America
3.13.2. Latin America
3.13.3. Africa
3.13.4. Middle East
3.13.5. Asia Pacific
3.14. List of available base capacity by region, 2017
3.14.1. Distillation
3.14.2. Upgrading
3.14.3. Desulphurization
3.15. Industry impact forces
3.15.1. Growth drivers
3.15.1.1. North America
3.15.1.1.1. Positive outlook toward expansion of refinery facilities
3.15.1.2. Europe
3.15.1.2.1. Regulations pertaining to sulfur emissions
3.15.1.2.2. Increasing oil product trade movements
3.15.1.3. Asia Pacific and MEA
3.15.1.3.1. Increasing demand for refined products
3.15.1.3.2. Ongoing expenditure toward O&G infrastructure
3.15.2. Industry pitfalls & challenges
3.15.2.1. Increasing adoption of clean fuel
3.16. Porter's analysis
3.17. Growth potential analysis
3.18. Competitive landscape, 2017
3.18.1. Strategy dashboard
3.18.1.1. Reliance Industries Limited
3.18.1.2. Saudi Aramco
3.18.1.3. Royal Dutch Shell
3.19. PESTEL analysis
Chapter 4. Oil Refining Market, By Complexity
4.1. Oil refining market share by complexity, 2017 & 2024
4.2. Topping
4.2.1. Market estimates and forecast, 2013 – 2024
4.3. Conversion
4.3.1. Market estimates and forecast, 2013 – 2024
4.4. Deep Conversion
4.4.1. Market estimates and forecast, 2013 – 2024
Chapter 5. Oil Refining Market, By Product
5.1. Oil Refining market share by product, 2017 & 2024
5.2. Light Distillates
5.2.1. Market estimates and forecast, 2013 – 2024
5.3. Middle Distillates
5.3.1. Market estimates and forecast, 2013 – 2024
5.4. Fuel oil
5.4.1. Market estimates and forecast, 2013 – 2024
5.5. Others
5.5.1. Market estimates and forecast, 2013 – 2024
Chapter 6. Oil Refining Market, By Fuel
6.1. Oil Refining market share by Fuel, 2017 & 2024
6.2. Gasoline
6.2.1. Market estimates and forecast, 2013 - 2024
6.3. Gasoil
6.3.1. Market estimates and forecast, 2013 – 2024
6.4. Kerosene
6.4.1. Market estimates and forecast, 2013 - 2024
6.5. LPG
6.5.1. Market estimates and forecast, 2013 – 2024
6.6. Others
6.6.1. Market estimates and forecast, 2013 - 2024
Chapter 7. Oil Refining Market, By Application
7.1. Oil Refining market share by application, 2017 & 2024
7.2. Road transport
7.2.1. Market estimates and forecast, 2013 – 2024
7.3. Aviation
7.3.1. Market estimates and forecast, 2013 – 2024
7.4. Marine bunker
7.4.1. Market estimates and forecast, 2013 – 2024
7.5. Petrochemical
7.5.1. Market estimates and forecast, 2013 – 2024
7.6. Other industry
7.6.1. Market estimates and forecast, 2013 – 2024
7.7. Residential/Commercial/Agriculture
7.7.1. Market estimates and forecast, 2013 – 2024
7.8. Electricity generation
7.8.1. Market estimates and forecast, 2013 – 2024
7.9. Rail & Domestic
7.9.1. Market estimates and forecast, 2013 – 2024
7.9.2. Market estimates and forecast, 2013 – 2024
Chapter 8. Oil Refining Market, By Region
8.1. Global market share by region, 2017 & 2024
8.2. North America
8.2.1. Market estimates and forecast, by complexity, 2013 – 2024
8.2.2. Market estimates and forecast, by product, 2013 – 2024
8.2.3. Market estimates and forecast, by fuel, 2013 – 2024
8.2.4. Market estimates and forecast, by application, 2013 – 2024
8.2.5. U.S.
8.2.5.1. Market estimates and forecast, by complexity, 2013 – 2024
8.2.5.2. Market estimates and forecast, by product, 2013 – 2024
8.2.5.3. Market estimates and forecast, by fuel, 2013 – 2024
8.2.5.4. Market estimates and forecast, by application, 2013 – 2024
8.2.6. Canada
8.2.6.1. Market estimates and forecast, by complexity, 2013 – 2024
8.2.6.2. Market estimates and forecast, by product, 2013 – 2024
8.2.6.3. Market estimates and forecast, by fuel, 2013 – 2024
8.2.6.4. Market estimates and forecast, by application, 2013 – 2024
8.2.7. Mexico
8.2.7.1. Market estimates and forecast, by complexity, 2013 – 2024
8.2.7.2. Market estimates and forecast, by product, 2013 – 2024
8.2.7.3. Market estimates and forecast, by fuel, 2013 – 2024
8.2.7.4. Market estimates and forecast, by application, 2013 – 2024
8.3. Europe
8.3.1. Market estimates and forecast, by complexity, 2013 – 2024
8.3.2. Market estimates and forecast, by product, 2013 – 2024
8.3.3. Market estimates and forecast, by fuel, 2013 – 2024
8.3.4. Market estimates and forecast, by application, 2013 – 2024
8.3.5. Germany
8.3.5.1. Market estimates and forecast, by complexity, 2013 – 2024
8.3.5.2. Market estimates and forecast, by product, 2013 – 2024
8.3.5.3. Market estimates and forecast, by fuel, 2013 – 2024
8.3.5.4. Market estimates and forecast, by application, 2013 – 2024
8.3.6. France
8.3.6.1. Market estimates and forecast, by complexity, 2013 – 2024
8.3.6.2. Market estimates and forecast, by product, 2013 – 2024
8.3.6.3. Market estimates and forecast, by fuel, 2013 – 2024
8.3.6.4. Market estimates and forecast, by application, 2013 – 2024
8.3.7. Italy
8.3.7.1. Market estimates and forecast, by complexity, 2013 – 2024
8.3.7.2. Market estimates and forecast, by product, 2013 – 2024
8.3.7.3. Market estimates and forecast, by fuel, 2013 – 2024
8.3.7.4. Market estimates and forecast, by application, 2013 – 2024
8.3.8. Netherland
8.3.8.1. Market estimates and forecast, by complexity, 2013 – 2024
8.3.8.2. Market estimates and forecast, by product, 2013 – 2024
8.3.8.3. Market estimates and forecast, by fuel, 2013 – 2024
8.3.8.4. Market estimates and forecast, by application, 2013 – 2024
8.3.9. Russia
8.3.9.1. Market estimates and forecast, by complexity, 2013 – 2024
8.3.9.2. Market estimates and forecast, by product, 2013 – 2024
8.3.9.3. Market estimates and forecast, by fuel, 2013 – 2024
8.3.9.4. Market estimates and forecast, by application, 2013 – 2024
8.3.10. Spain
8.3.10.1. Market estimates and forecast, by complexity, 2013 – 2024
8.3.10.2. Market estimates and forecast, by product, 2013 – 2024
8.3.10.3. Market estimates and forecast, by fuel, 2013 – 2024
8.3.10.4. Market estimates and forecast, by application, 2013 – 2024
8.3.11. UK
8.3.11.1. Market estimates and forecast, by complexity, 2013 – 2024
8.3.11.2. Market estimates and forecast, by product, 2013 – 2024
8.3.11.3. Market estimates and forecast, by fuel, 2013 – 2024
8.3.11.4. Market estimates and forecast, by application, 2013 – 2024
8.4. Asia Pacific
8.4.1. Market estimates and forecast, by complexity, 2013 – 2024
8.4.2. Market estimates and forecast, by product, 2013 – 2024
8.4.3. Market estimates and forecast, by fuel, 2013 – 2024
8.4.4. Market estimates and forecast, by application, 2013 – 2024
8.4.5. China
8.4.5.1. Market estimates and forecast, by complexity, 2013 – 2024
8.4.5.2. Market estimates and forecast, by product, 2013 – 2024
8.4.5.3. Market estimates and forecast, by fuel, 2013 – 2024
8.4.5.4. Market estimates and forecast, by application, 2013 – 2024
8.4.6. Japan
8.4.6.1. Market estimates and forecast, by complexity, 2013 – 2024
8.4.6.2. Market estimates and forecast, by product, 2013 – 2024
8.4.6.3. Market estimates and forecast, by fuel, 2013 – 2024
8.4.6.4. Market estimates and forecast, by application, 2013 – 2024
8.4.7. South Korea
8.4.7.1. Market estimates and forecast, by complexity, 2013 – 2024
8.4.7.2. Market estimates and forecast, by product, 2013 – 2024
8.4.7.3. Market estimates and forecast, by fuel, 2013 – 2024
8.4.7.4. Market estimates and forecast, by application, 2013 – 2024
8.4.8. Singapore
8.4.8.1. Market estimates and forecast, by complexity, 2013 – 2024
8.4.8.2. Market estimates and forecast, by product, 2013 – 2024
8.4.8.3. Market estimates and forecast, by fuel, 2013 – 2024
8.4.8.4. Market estimates and forecast, by application, 2013 – 2024
8.4.9. India
8.4.9.1. Market estimates and forecast, by complexity, 2013 – 2024
8.4.9.2. Market estimates and forecast, by product, 2013 – 2024
8.4.9.3. Market estimates and forecast, by fuel, 2013 – 2024
8.4.9.4. Market estimates and forecast, by application, 2013 – 2024
8.4.10. Indonesia
8.4.10.1. Market estimates and forecast, by complexity, 2013 – 2024
8.4.10.2. Market estimates and forecast, by product, 2013 – 2024
8.4.10.3. Market estimates and forecast, by fuel, 2013 – 2024
8.4.10.4. Market estimates and forecast, by application, 2013 – 2024
8.5. Middle East
8.5.1. Market estimates and forecast, by complexity, 2013 – 2024
8.5.2. Market estimates and forecast, by product, 2013 – 2024
8.5.3. Market estimates and forecast, by fuel, 2013 – 2024
8.5.4. Market estimates and forecast, by application, 2013 – 2024
8.5.5. Iran
8.5.5.1. Market estimates and forecast, by complexity, 2013 – 2024
8.5.5.2. Market estimates and forecast, by product, 2013 – 2024
8.5.5.3. Market estimates and forecast, by fuel, 2013 – 2024
8.5.5.4. Market estimates and forecast, by application, 2013 – 2024
8.5.6. Saudi Arabia
8.5.6.1. Market estimates and forecast, by complexity, 2013 – 2024
8.5.6.2. Market estimates and forecast, by product, 2013 – 2024
8.5.6.3. Market estimates and forecast, by fuel, 2013 – 2024
8.5.6.4. Market estimates and forecast, by application, 2013 – 2024
8.5.7. UAE
8.5.7.1. Market estimates and forecast, by complexity, 2013 – 2024
8.5.7.2. Market estimates and forecast, by product, 2013 – 2024
8.5.7.3. Market estimates and forecast, by fuel, 2013 – 2024
8.5.7.4. Market estimates and forecast, by application, 2013 – 2024
8.5.8. Kuwait
8.5.8.1. Market estimates and forecast, by complexity, 2013 – 2024
8.5.8.2. Market estimates and forecast, by product, 2013 – 2024
8.5.8.3. Market estimates and forecast, by fuel, 2013 – 2024
8.5.8.4. Market estimates and forecast, by application, 2013 – 2024
8.6. Africa
8.6.1. Market estimates and forecast, by complexity, 2013 – 2024
8.6.2. Market estimates and forecast, by product, 2013 – 2024
8.6.3. Market estimates and forecast, by fuel, 2013 – 2024
8.6.4. Market estimates and forecast, by application, 2013 – 2024
8.6.5. Algeria
8.6.5.1. Market estimates and forecast, by complexity, 2013 – 2024
8.6.5.2. Market estimates and forecast, by product, 2013 – 2024
8.6.5.3. Market estimates and forecast, by fuel, 2013 – 2024
8.6.5.4. Market estimates and forecast, by application, 2013 – 2024
8.6.6. Egypt
8.6.6.1. Market estimates and forecast, by complexity, 2013 – 2024
8.6.6.2. Market estimates and forecast, by product, 2013 – 2024
8.6.6.3. Market estimates and forecast, by fuel, 2013 – 2024
8.6.6.4. Market estimates and forecast, by application, 2013 – 2024
8.6.7. South Africa
8.6.7.1. Market estimates and forecast, by complexity, 2013 – 2024
8.6.7.2. Market estimates and forecast, by product, 2013 – 2024
8.6.7.3. Market estimates and forecast, by fuel, 2013 – 2024
8.6.7.4. Market estimates and forecast, by application, 2013 – 2024
8.6.8. Nigeria
8.6.8.1. Market estimates and forecast, by complexity, 2013 – 2024
8.6.8.2. Market estimates and forecast, by product, 2013 – 2024
8.6.8.3. Market estimates and forecast, by fuel, 2013 – 2024
8.6.8.4. Market estimates and forecast, by application, 2013 – 2024
8.7. Latin America
8.7.1. Market estimates and forecast, by complexity, 2013 – 2024
8.7.2. Market estimates and forecast, by product, 2013 – 2024
8.7.3. Market estimates and forecast, by fuel, 2013 – 2024
8.7.4. Market estimates and forecast, by application, 2013 – 2024
8.7.5. Argentina
8.7.5.1. Market estimates and forecast, by complexity, 2013 – 2024
8.7.5.2. Market estimates and forecast, by product, 2013 – 2024
8.7.5.3. Market estimates and forecast, by fuel, 2013 – 2024
8.7.5.4. Market estimates and forecast, by application, 2013 – 2024
8.7.6. Brazil
8.7.6.1. Market estimates and forecast, by complexity, 2013 – 2024
8.7.6.2. Market estimates and forecast, by product, 2013 – 2024
8.7.6.3. Market estimates and forecast, by fuel, 2013 – 2024
8.7.6.4. Market estimates and forecast, by application, 2013 – 2024
8.7.6.5.
8.7.7. Venezuela
8.7.7.1. Market estimates and forecast, by complexity, 2013 – 2024
8.7.7.2. Market estimates and forecast, by product, 2013 – 2024
8.7.7.3. Market estimates and forecast, by fuel, 2013 – 2024
8.7.7.4. Market estimates and forecast, by application, 2013 – 2024
Chapter 9. Company Profiles
9.1. Indian Oil Corporation Limited
9.1.1. Business Overview
9.1.2. Financial Data
9.1.3. Product Landscape
9.1.4. Strategic Outlook
9.1.5. SWOT Analysis
9.2. Bharat Petroleum Corporation Limited
9.2.1. Business Overview
9.2.2. Financial Data
9.2.3. Product Landscape
9.2.4. Strategic Outlook
9.2.5. SWOT Analysis
9.3. S-Oil
9.3.1. Business Overview
9.3.2. Financial Data
9.3.3. Product Landscape
9.3.4. Strategic Outlook
9.3.5. SWOT Analysis
9.4. Hindustan Petroleum Corporation Limited
9.4.1. Business Overview
9.4.2. Financial Data
9.4.3. Product Landscape
9.4.4. Strategic Outlook
9.4.5. SWOT Analysis
9.5. Saudi Aramco
9.5.1. Business Overview
9.5.2. Financial Data
9.5.3. Product Landscape
9.5.4. Strategic Outlook
9.5.5. SWOT Analysis
9.6. Kuwait Petroleum Corporation
9.6.1. Business Overview
9.6.2. Financial Data
9.6.3. Product Landscape
9.6.4. Strategic Outlook
9.6.5. SWOT Analysis
9.7. Abu Dhabi National Oil Company
9.7.1. Business Overview
9.7.2. Financial Data
9.7.3. Product Landscape
9.7.4. Strategic Outlook
9.7.5. SWOT Analysis
9.8. Fluor
9.8.1. Business Overview
9.8.2. Financial Data
9.8.3. Product Landscape
9.8.4. Strategic Outlook
9.8.5. SWOT Analysis
9.9. BP
9.9.1. Business Overview
9.9.2. Financial Data
9.9.3. Product Landscape
9.9.4. Strategic Outlook
9.9.5. SWOT Analysis
9.10. Chevron
9.10.1. Business Overview
9.10.2. Financial Data
9.10.3. Product Landscape
9.10.4. Strategic Outlook
9.10.5. SWOT Analysis
9.11. Shell
9.11.1. Business Overview
9.11.2. Financial Data
9.11.3. Product Landscape
9.11.4. Strategic Outlook
9.11.5. SWOT Analysis
9.12. Exxon Mobil
9.12.1. Business Overview
9.12.2. Financial Data
9.12.3. Product Landscape
9.12.4. Strategic Outlook
9.12.5. SWOT Analysis
9.13. Sinopec
9.13.1. Business Overview
9.13.2. Financial Data
9.13.3. Product Landscape
9.13.4. Strategic Outlook
9.13.5. SWOT Analysis
9.14. PBF Energy
9.14.1. Business Overview
9.14.2. Financial Data
9.14.3. Product Landscape
9.14.4. Strategic Outlook
9.14.5. SWOT Analysis
9.15. Phillips 66
9.15.1. Business Overview
9.15.2. Financial Data
9.15.3. Product Landscape
9.15.4. Strategic Outlook
9.15.5. SWOT Analysis
9.16. Reliance Petroleum
9.16.1. Business Overview
9.16.2. Financial Data
9.16.3. Product Landscape
9.16.4. Strategic Outlook
9.16.5. SWOT Analysis

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report