This industry comprises establishments primarily engaged in refining crude petroleum into refined petroleum. Petroleum refining involves one or more of the following activities: fractionation; straight distillation of crude oil; and cracking. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Introduction
Refined Competition
Declining in a highly regulated, competitive and volatile industry, the trend is to be accountable to Clean up your Act! As major players are well-established, mergers and acquisitions will ensure the competitiveness and response to environmental requirements. The trend of the global marketplace will continue to impact with a finely balanced supply and demand.
