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Oil Refining Market 2025-2029

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    Report

  • 234 Pages
  • July 2025
  • Region: Global
  • TechNavio
  • ID: 5868229
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The oil refining market is forecasted to grow by USD 111.2 billion during 2024-2029, accelerating at a CAGR of 1.3% 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.

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 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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

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 End-user

  • Transportation
  • Petrochemicals
  • Residential and commercial heating
  • Power generation
  • Others

By Capacity

  • Large-scale refineries
  • Medium-scale refineries
  • Small-scale refineries

By Geographical Landscape

  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • South America
This study identifies the adoption of modular mini refineries as one of the prime reasons driving the oil refining market growth during the next few years. Also, expansion of downstream infrastructure worldwide and upgrade of oil refineries to meet petroleum product demand will lead to sizable demand in the market.

The report on the oil refining market covers the following areas:

  • Oil Refining Market sizing
  • Oil Refining Market forecast
  • Oil Refining Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil refining market vendors that include 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., PJSC Gazprom, 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. Also, the oil refining market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Fuel Type
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Capacity
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ billion)
Data Table on Global - Market size and forecast 2024-2029 ($ billion)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Oil Refining Market 2019 - 2023
Historic Market Size - Data Table on Global Oil Refining Market 2019 - 2023 ($ billion)
5.2 Product segment analysis 2019 - 2023
Historic Market Size - Product Segment 2019 - 2023 ($ billion)
5.3 Fuel Type segment analysis 2019 - 2023
Historic Market Size - Fuel Type Segment 2019 - 2023 ($ billion)
5.4 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
5.5 Capacity segment analysis 2019 - 2023
Historic Market Size - Capacity Segment 2019 - 2023 ($ billion)
5.6 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
5.7 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 The impact of AI in the global oil refining market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
8.1 Market segments
Chart on Product - Market share 2024-2029 (%)
Data Table on Product - Market share 2024-2029 (%)
8.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
8.3 Light distillates - Market size and forecast 2024-2029
Chart on Light distillates - Market size and forecast 2024-2029 ($ billion)
Data Table on Light distillates - Market size and forecast 2024-2029 ($ billion)
Chart on Light distillates - Year-over-year growth 2024-2029 (%)
Data Table on Light distillates - Year-over-year growth 2024-2029 (%)
8.4 Middle distillates - Market size and forecast 2024-2029
Chart on Middle distillates - Market size and forecast 2024-2029 ($ billion)
Data Table on Middle distillates - Market size and forecast 2024-2029 ($ billion)
Chart on Middle distillates - Year-over-year growth 2024-2029 (%)
Data Table on Middle distillates - Year-over-year growth 2024-2029 (%)
8.5 Fuel oil - Market size and forecast 2024-2029
Chart on Fuel oil - Market size and forecast 2024-2029 ($ billion)
Data Table on Fuel oil - Market size and forecast 2024-2029 ($ billion)
Chart on Fuel oil - Year-over-year growth 2024-2029 (%)
Data Table on Fuel oil - Year-over-year growth 2024-2029 (%)
8.6 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ billion)
Data Table on Others - Market size and forecast 2024-2029 ($ billion)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
8.7 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
9 Market Segmentation by Fuel Type
9.1 Market segments
Chart on Fuel Type - Market share 2024-2029 (%)
Data Table on Fuel Type - Market share 2024-2029 (%)
9.2 Comparison by Fuel Type
Chart on Comparison by Fuel Type
Data Table on Comparison by Fuel Type
9.3 Gasoline - Market size and forecast 2024-2029
Chart on Gasoline - Market size and forecast 2024-2029 ($ billion)
Data Table on Gasoline - Market size and forecast 2024-2029 ($ billion)
Chart on Gasoline - Year-over-year growth 2024-2029 (%)
Data Table on Gasoline - Year-over-year growth 2024-2029 (%)
9.4 Kerosene - Market size and forecast 2024-2029
Chart on Kerosene - Market size and forecast 2024-2029 ($ billion)
Data Table on Kerosene - Market size and forecast 2024-2029 ($ billion)
Chart on Kerosene - Year-over-year growth 2024-2029 (%)
Data Table on Kerosene - Year-over-year growth 2024-2029 (%)
9.5 LPG - Market size and forecast 2024-2029
Chart on LPG - Market size and forecast 2024-2029 ($ billion)
Data Table on LPG - Market size and forecast 2024-2029 ($ billion)
Chart on LPG - Year-over-year growth 2024-2029 (%)
Data Table on LPG - Year-over-year growth 2024-2029 (%)
9.6 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ billion)
Data Table on Others - Market size and forecast 2024-2029 ($ billion)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
9.7 Market opportunity by Fuel Type
Market opportunity by Fuel Type ($ billion)
Data Table on Market opportunity by Fuel Type ($ billion)
10 Market Segmentation by End-user
10.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
10.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
10.3 Transportation - Market size and forecast 2024-2029
Chart on Transportation - Market size and forecast 2024-2029 ($ billion)
Data Table on Transportation - Market size and forecast 2024-2029 ($ billion)
Chart on Transportation - Year-over-year growth 2024-2029 (%)
Data Table on Transportation - Year-over-year growth 2024-2029 (%)
10.4 Petrochemicals - Market size and forecast 2024-2029
Chart on Petrochemicals - Market size and forecast 2024-2029 ($ billion)
Data Table on Petrochemicals - Market size and forecast 2024-2029 ($ billion)
Chart on Petrochemicals - Year-over-year growth 2024-2029 (%)
Data Table on Petrochemicals - Year-over-year growth 2024-2029 (%)
10.5 Residential and commercial heating - Market size and forecast 2024-2029
Chart on Residential and commercial heating - Market size and forecast 2024-2029 ($ billion)
Data Table on Residential and commercial heating - Market size and forecast 2024-2029 ($ billion)
Chart on Residential and commercial heating - Year-over-year growth 2024-2029 (%)
Data Table on Residential and commercial heating - Year-over-year growth 2024-2029 (%)
10.6 Power generation - Market size and forecast 2024-2029
Chart on Power generation - Market size and forecast 2024-2029 ($ billion)
Data Table on Power generation - Market size and forecast 2024-2029 ($ billion)
Chart on Power generation - Year-over-year growth 2024-2029 (%)
Data Table on Power generation - Year-over-year growth 2024-2029 (%)
10.7 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ billion)
Data Table on Others - Market size and forecast 2024-2029 ($ billion)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
10.8 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
11 Market Segmentation by Capacity
11.1 Market segments
Chart on Capacity - Market share 2024-2029 (%)
Data Table on Capacity - Market share 2024-2029 (%)
11.2 Comparison by Capacity
Chart on Comparison by Capacity
Data Table on Comparison by Capacity
11.3 Large-scale refineries - Market size and forecast 2024-2029
Chart on Large-scale refineries - Market size and forecast 2024-2029 ($ billion)
Data Table on Large-scale refineries - Market size and forecast 2024-2029 ($ billion)
Chart on Large-scale refineries - Year-over-year growth 2024-2029 (%)
Data Table on Large-scale refineries - Year-over-year growth 2024-2029 (%)
11.4 Medium-scale refineries - Market size and forecast 2024-2029
Chart on Medium-scale refineries - Market size and forecast 2024-2029 ($ billion)
Data Table on Medium-scale refineries - Market size and forecast 2024-2029 ($ billion)
Chart on Medium-scale refineries - Year-over-year growth 2024-2029 (%)
Data Table on Medium-scale refineries - Year-over-year growth 2024-2029 (%)
11.5 Small-scale refineries - Market size and forecast 2024-2029
Chart on Small-scale refineries - Market size and forecast 2024-2029 ($ billion)
Data Table on Small-scale refineries - Market size and forecast 2024-2029 ($ billion)
Chart on Small-scale refineries - Year-over-year growth 2024-2029 (%)
Data Table on Small-scale refineries - Year-over-year growth 2024-2029 (%)
11.6 Market opportunity by Capacity
Market opportunity by Capacity ($ billion)
Data Table on Market opportunity by Capacity ($ billion)
12 Customer Landscape
12.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
13.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
13.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
13.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ billion)
Data Table on North America - Market size and forecast 2024-2029 ($ billion)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
13.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ billion)
Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
13.5 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ billion)
Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
13.6 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
13.7 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ billion)
Data Table on South America - Market size and forecast 2024-2029 ($ billion)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
13.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ billion)
Data Table on US - Market size and forecast 2024-2029 ($ billion)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
13.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ billion)
Data Table on China - Market size and forecast 2024-2029 ($ billion)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
13.10 Russia - Market size and forecast 2024-2029
Chart on Russia - Market size and forecast 2024-2029 ($ billion)
Data Table on Russia - Market size and forecast 2024-2029 ($ billion)
Chart on Russia - Year-over-year growth 2024-2029 (%)
Data Table on Russia - Year-over-year growth 2024-2029 (%)
13.11 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ billion)
Data Table on India - Market size and forecast 2024-2029 ($ billion)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
13.12 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ billion)
Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
13.13 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ billion)
Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
13.14 Saudi Arabia - Market size and forecast 2024-2029
Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
13.15 Italy - Market size and forecast 2024-2029
Chart on Italy - Market size and forecast 2024-2029 ($ billion)
Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
Chart on Italy - Year-over-year growth 2024-2029 (%)
Data Table on Italy - Year-over-year growth 2024-2029 (%)
13.16 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ billion)
Data Table on UK - Market size and forecast 2024-2029 ($ billion)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
13.17 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ billion)
Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
13.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Tables on Market opportunity By Geographical Landscape ($ billion)
14 Drivers, Challenges, and Opportunity/Restraints
14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
14.4 Market opportunities/restraints
15 Competitive Landscape
15.1 Overview
15.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
15.3 Landscape disruption
Overview on factors of disruption
15.4 Industry risks
Impact of key risks on business
16 Competitive Analysis
16.1 Companies profiled
Companies covered
16.2 Company ranking index
Company ranking index
16.3 Market positioning of companies
Matrix on companies position and classification
16.4 Alexandria Petroleum Co.
Alexandria Petroleum Co. - Overview
Alexandria Petroleum Co. - Product / Service
Alexandria Petroleum Co. - Key offerings
SWOT
16.5 Bharat Petroleum Corp. Ltd.
Bharat Petroleum Corp. Ltd. - Overview
Bharat Petroleum Corp. Ltd. - Product / Service
Bharat Petroleum Corp. Ltd. - Key offerings
SWOT
16.6 BP Plc
BP Plc - Overview
BP Plc - Business segments
BP Plc - Key news
BP Plc - Key offerings
BP Plc - Segment focus
SWOT
16.7 Chevron Corp.
Chevron Corp. - Overview
Chevron Corp. - Business segments
Chevron Corp. - Key news
Chevron Corp. - Key offerings
Chevron Corp. - Segment focus
SWOT
16.8 China Petrochemical Corp.
China Petrochemical Corp. - Overview
China Petrochemical Corp. - Business segments
China Petrochemical Corp. - Key offerings
China Petrochemical Corp. - Segment focus
SWOT
16.9 Exxon Mobil Corp.
Exxon Mobil Corp. - Overview
Exxon Mobil Corp. - Business segments
Exxon Mobil Corp. - Key news
Exxon Mobil Corp. - Key offerings
Exxon Mobil Corp. - Segment focus
SWOT
16.10 Hindustan Petroleum Corp. Ltd.
Hindustan Petroleum Corp. Ltd. - Overview
Hindustan Petroleum Corp. Ltd. - Business segments
Hindustan Petroleum Corp. Ltd. - Key news
Hindustan Petroleum Corp. Ltd. - Key offerings
Hindustan Petroleum Corp. Ltd. - Segment focus
SWOT
16.11 Indian Oil Corp. Ltd.
Indian Oil Corp. Ltd. - Overview
Indian Oil Corp. Ltd. - Business segments
Indian Oil Corp. Ltd. - Key news
Indian Oil Corp. Ltd. - Key offerings
Indian Oil Corp. Ltd. - Segment focus
SWOT
16.12 Kuwait Petroleum Corp.
Kuwait Petroleum Corp. - Overview
Kuwait Petroleum Corp. - Product / Service
Kuwait Petroleum Corp. - Key offerings
SWOT
16.13 Marathon Petroleum Corp.
Marathon Petroleum Corp. - Overview
Marathon Petroleum Corp. - Business segments
Marathon Petroleum Corp. - Key offerings
Marathon Petroleum Corp. - Segment focus
SWOT
16.14 Oil and Natural Gas Corp. Ltd.
Oil and Natural Gas Corp. Ltd. - Overview
Oil and Natural Gas Corp. Ltd. - Product / Service
Oil and Natural Gas Corp. Ltd. - Key news
Oil and Natural Gas Corp. Ltd. - Key offerings
SWOT
16.15 PJSC LUKOIL
PJSC LUKOIL - Overview
PJSC LUKOIL - Product / Service
PJSC LUKOIL - Key offerings
SWOT
16.16 Reliance Industries Ltd.
Reliance Industries Ltd. - Overview
Reliance Industries Ltd. - Business segments
Reliance Industries Ltd. - Key news
Reliance Industries Ltd. - Key offerings
Reliance Industries Ltd. - Segment focus
SWOT
16.17 Saudi Arabian Oil Co.
Saudi Arabian Oil Co. - Overview
Saudi Arabian Oil Co. - Product / Service
Saudi Arabian Oil Co. - Key offerings
SWOT
16.18 Shell plc
Shell plc - Overview
Shell plc - Business segments
Shell plc - Key news
Shell plc - Key offerings
Shell plc - Segment focus
SWOT
17 Appendix
17.1 Scope of the report
17.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
17.3 Currency conversion rates for US$
Currency conversion rates for US$
17.4 Research methodology
Research methodology
17.5 Data procurement
Information sources
17.6 Data validation
Data validation
17.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
17.8 Data synthesis
Data synthesis
17.9 360 degree market analysis
360 degree market analysis
17.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Market Segmentation by Fuel Type
Exhibits 7: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 8: Executive Summary - Chart on Market Segmentation by Capacity
Exhibits 9: Executive Summary - Chart on Incremental Growth
Exhibits 10: Executive Summary - Data Table on Incremental Growth
Exhibits 11: Executive Summary - Chart on Company Market Positioning
Exhibits 12: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 13: Overview on criticality of inputs and factors of differentiation
Exhibits 14: Overview on factors of disruption
Exhibits 15: Impact of drivers and challenges in 2024 and 2029
Exhibits 16: Parent Market
Exhibits 17: Data Table on - Parent Market
Exhibits 18: Market characteristics analysis
Exhibits 19: Value chain analysis
Exhibits 20: Offerings of companies included in the market definition
Exhibits 21: Market segments
Exhibits 22: Chart on Global - Market size and forecast 2024-2029 ($ billion)
Exhibits 23: Data Table on Global - Market size and forecast 2024-2029 ($ billion)
Exhibits 24: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 26: Historic Market Size - Data Table on Global Oil Refining Market 2019 - 2023 ($ billion)
Exhibits 27: Historic Market Size - Product Segment 2019 - 2023 ($ billion)
Exhibits 28: Historic Market Size - Fuel Type Segment 2019 - 2023 ($ billion)
Exhibits 29: Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
Exhibits 30: Historic Market Size - Capacity Segment 2019 - 2023 ($ billion)
Exhibits 31: Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
Exhibits 32: Historic Market Size - Country Segment 2019 - 2023 ($ billion)
Exhibits 33: Five forces analysis - Comparison between 2024 and 2029
Exhibits 34: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 35: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 37: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 38: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 39: Chart on Market condition - Five forces 2024 and 2029
Exhibits 40: Chart on Product - Market share 2024-2029 (%)
Exhibits 41: Data Table on Product - Market share 2024-2029 (%)
Exhibits 42: Chart on Comparison by Product
Exhibits 43: Data Table on Comparison by Product
Exhibits 44: Chart on Light distillates - Market size and forecast 2024-2029 ($ billion)
Exhibits 45: Data Table on Light distillates - Market size and forecast 2024-2029 ($ billion)
Exhibits 46: Chart on Light distillates - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on Light distillates - Year-over-year growth 2024-2029 (%)
Exhibits 48: Chart on Middle distillates - Market size and forecast 2024-2029 ($ billion)
Exhibits 49: Data Table on Middle distillates - Market size and forecast 2024-2029 ($ billion)
Exhibits 50: Chart on Middle distillates - Year-over-year growth 2024-2029 (%)
Exhibits 51: Data Table on Middle distillates - Year-over-year growth 2024-2029 (%)
Exhibits 52: Chart on Fuel oil - Market size and forecast 2024-2029 ($ billion)
Exhibits 53: Data Table on Fuel oil - Market size and forecast 2024-2029 ($ billion)
Exhibits 54: Chart on Fuel oil - Year-over-year growth 2024-2029 (%)
Exhibits 55: Data Table on Fuel oil - Year-over-year growth 2024-2029 (%)
Exhibits 56: Chart on Others - Market size and forecast 2024-2029 ($ billion)
Exhibits 57: Data Table on Others - Market size and forecast 2024-2029 ($ billion)
Exhibits 58: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 59: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 60: Market opportunity by Product ($ billion)
Exhibits 61: Data Table on Market opportunity by Product ($ billion)
Exhibits 62: Chart on Fuel Type - Market share 2024-2029 (%)
Exhibits 63: Data Table on Fuel Type - Market share 2024-2029 (%)
Exhibits 64: Chart on Comparison by Fuel Type
Exhibits 65: Data Table on Comparison by Fuel Type
Exhibits 66: Chart on Gasoline - Market size and forecast 2024-2029 ($ billion)
Exhibits 67: Data Table on Gasoline - Market size and forecast 2024-2029 ($ billion)
Exhibits 68: Chart on Gasoline - Year-over-year growth 2024-2029 (%)
Exhibits 69: Data Table on Gasoline - Year-over-year growth 2024-2029 (%)
Exhibits 70: Chart on Kerosene - Market size and forecast 2024-2029 ($ billion)
Exhibits 71: Data Table on Kerosene - Market size and forecast 2024-2029 ($ billion)
Exhibits 72: Chart on Kerosene - Year-over-year growth 2024-2029 (%)
Exhibits 73: Data Table on Kerosene - Year-over-year growth 2024-2029 (%)
Exhibits 74: Chart on LPG - Market size and forecast 2024-2029 ($ billion)
Exhibits 75: Data Table on LPG - Market size and forecast 2024-2029 ($ billion)
Exhibits 76: Chart on LPG - Year-over-year growth 2024-2029 (%)
Exhibits 77: Data Table on LPG - Year-over-year growth 2024-2029 (%)
Exhibits 78: Chart on Others - Market size and forecast 2024-2029 ($ billion)
Exhibits 79: Data Table on Others - Market size and forecast 2024-2029 ($ billion)
Exhibits 80: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 81: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 82: Market opportunity by Fuel Type ($ billion)
Exhibits 83: Data Table on Market opportunity by Fuel Type ($ billion)
Exhibits 84: Chart on End-user - Market share 2024-2029 (%)
Exhibits 85: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 86: Chart on Comparison by End-user
Exhibits 87: Data Table on Comparison by End-user
Exhibits 88: Chart on Transportation - Market size and forecast 2024-2029 ($ billion)
Exhibits 89: Data Table on Transportation - Market size and forecast 2024-2029 ($ billion)
Exhibits 90: Chart on Transportation - Year-over-year growth 2024-2029 (%)
Exhibits 91: Data Table on Transportation - Year-over-year growth 2024-2029 (%)
Exhibits 92: Chart on Petrochemicals - Market size and forecast 2024-2029 ($ billion)
Exhibits 93: Data Table on Petrochemicals - Market size and forecast 2024-2029 ($ billion)
Exhibits 94: Chart on Petrochemicals - Year-over-year growth 2024-2029 (%)
Exhibits 95: Data Table on Petrochemicals - Year-over-year growth 2024-2029 (%)
Exhibits 96: Chart on Residential and commercial heating - Market size and forecast 2024-2029 ($ billion)
Exhibits 97: Data Table on Residential and commercial heating - Market size and forecast 2024-2029 ($ billion)
Exhibits 98: Chart on Residential and commercial heating - Year-over-year growth 2024-2029 (%)
Exhibits 99: Data Table on Residential and commercial heating - Year-over-year growth 2024-2029 (%)
Exhibits 100: Chart on Power generation - Market size and forecast 2024-2029 ($ billion)
Exhibits 101: Data Table on Power generation - Market size and forecast 2024-2029 ($ billion)
Exhibits 102: Chart on Power generation - Year-over-year growth 2024-2029 (%)
Exhibits 103: Data Table on Power generation - Year-over-year growth 2024-2029 (%)
Exhibits 104: Chart on Others - Market size and forecast 2024-2029 ($ billion)
Exhibits 105: Data Table on Others - Market size and forecast 2024-2029 ($ billion)
Exhibits 106: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 107: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 108: Market opportunity by End-user ($ billion)
Exhibits 109: Data Table on Market opportunity by End-user ($ billion)
Exhibits 110: Chart on Capacity - Market share 2024-2029 (%)
Exhibits 111: Data Table on Capacity - Market share 2024-2029 (%)
Exhibits 112: Chart on Comparison by Capacity
Exhibits 113: Data Table on Comparison by Capacity
Exhibits 114: Chart on Large-scale refineries - Market size and forecast 2024-2029 ($ billion)
Exhibits 115: Data Table on Large-scale refineries - Market size and forecast 2024-2029 ($ billion)
Exhibits 116: Chart on Large-scale refineries - Year-over-year growth 2024-2029 (%)
Exhibits 117: Data Table on Large-scale refineries - Year-over-year growth 2024-2029 (%)
Exhibits 118: Chart on Medium-scale refineries - Market size and forecast 2024-2029 ($ billion)
Exhibits 119: Data Table on Medium-scale refineries - Market size and forecast 2024-2029 ($ billion)
Exhibits 120: Chart on Medium-scale refineries - Year-over-year growth 2024-2029 (%)
Exhibits 121: Data Table on Medium-scale refineries - Year-over-year growth 2024-2029 (%)
Exhibits 122: Chart on Small-scale refineries - Market size and forecast 2024-2029 ($ billion)
Exhibits 123: Data Table on Small-scale refineries - Market size and forecast 2024-2029 ($ billion)
Exhibits 124: Chart on Small-scale refineries - Year-over-year growth 2024-2029 (%)
Exhibits 125: Data Table on Small-scale refineries - Year-over-year growth 2024-2029 (%)
Exhibits 126: Market opportunity by Capacity ($ billion)
Exhibits 127: Data Table on Market opportunity by Capacity ($ billion)
Exhibits 128: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 129: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 130: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 131: Chart on Geographic comparison
Exhibits 132: Data Table on Geographic comparison
Exhibits 133: Chart on North America - Market size and forecast 2024-2029 ($ billion)
Exhibits 134: Data Table on North America - Market size and forecast 2024-2029 ($ billion)
Exhibits 135: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on Europe - Market size and forecast 2024-2029 ($ billion)
Exhibits 138: Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
Exhibits 139: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on APAC - Market size and forecast 2024-2029 ($ billion)
Exhibits 142: Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
Exhibits 143: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Exhibits 146: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Exhibits 147: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 149: Chart on South America - Market size and forecast 2024-2029 ($ billion)
Exhibits 150: Data Table on South America - Market size and forecast 2024-2029 ($ billion)
Exhibits 151: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 152: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 153: Chart on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 154: Data Table on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 155: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 156: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 157: Chart on China - Market size and forecast 2024-2029 ($ billion)
Exhibits 158: Data Table on China - Market size and forecast 2024-2029 ($ billion)
Exhibits 159: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 160: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 161: Chart on Russia - Market size and forecast 2024-2029 ($ billion)
Exhibits 162: Data Table on Russia - Market size and forecast 2024-2029 ($ billion)
Exhibits 163: Chart on Russia - Year-over-year growth 2024-2029 (%)
Exhibits 164: Data Table on Russia - Year-over-year growth 2024-2029 (%)
Exhibits 165: Chart on India - Market size and forecast 2024-2029 ($ billion)
Exhibits 166: Data Table on India - Market size and forecast 2024-2029 ($ billion)
Exhibits 167: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 168: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 169: Chart on Germany - Market size and forecast 2024-2029 ($ billion)
Exhibits 170: Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
Exhibits 171: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 172: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 173: Chart on Canada - Market size and forecast 2024-2029 ($ billion)
Exhibits 174: Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
Exhibits 175: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 176: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 177: Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Exhibits 178: Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Exhibits 179: Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Exhibits 180: Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Exhibits 181: Chart on Italy - Market size and forecast 2024-2029 ($ billion)
Exhibits 182: Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
Exhibits 183: Chart on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 184: Data Table on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 185: Chart on UK - Market size and forecast 2024-2029 ($ billion)
Exhibits 186: Data Table on UK - Market size and forecast 2024-2029 ($ billion)
Exhibits 187: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 188: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 189: Chart on Japan - Market size and forecast 2024-2029 ($ billion)
Exhibits 190: Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
Exhibits 191: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 192: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 193: Market opportunity By Geographical Landscape ($ billion)
Exhibits 194: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 195: Impact of drivers and challenges in 2024 and 2029
Exhibits 196: Overview on criticality of inputs and factors of differentiation
Exhibits 197: Overview on factors of disruption
Exhibits 198: Impact of key risks on business
Exhibits 199: Companies covered
Exhibits 200: Company ranking index
Exhibits 201: Matrix on companies position and classification
Exhibits 202: Alexandria Petroleum Co. - Overview
Exhibits 203: Alexandria Petroleum Co. - Product / Service
Exhibits 204: Alexandria Petroleum Co. - Key offerings
Exhibits 205: SWOT
Exhibits 206: Bharat Petroleum Corp. Ltd. - Overview
Exhibits 207: Bharat Petroleum Corp. Ltd. - Product / Service
Exhibits 208: Bharat Petroleum Corp. Ltd. - Key offerings
Exhibits 209: SWOT
Exhibits 210: BP Plc - Overview
Exhibits 211: BP Plc - Business segments
Exhibits 212: BP Plc - Key news
Exhibits 213: BP Plc - Key offerings
Exhibits 214: BP Plc - Segment focus
Exhibits 215: SWOT
Exhibits 216: Chevron Corp. - Overview
Exhibits 217: Chevron Corp. - Business segments
Exhibits 218: Chevron Corp. - Key news
Exhibits 219: Chevron Corp. - Key offerings
Exhibits 220: Chevron Corp. - Segment focus
Exhibits 221: SWOT
Exhibits 222: China Petrochemical Corp. - Overview
Exhibits 223: China Petrochemical Corp. - Business segments
Exhibits 224: China Petrochemical Corp. - Key offerings
Exhibits 225: China Petrochemical Corp. - Segment focus
Exhibits 226: SWOT
Exhibits 227: Exxon Mobil Corp. - Overview
Exhibits 228: Exxon Mobil Corp. - Business segments
Exhibits 229: Exxon Mobil Corp. - Key news
Exhibits 230: Exxon Mobil Corp. - Key offerings
Exhibits 231: Exxon Mobil Corp. - Segment focus
Exhibits 232: SWOT
Exhibits 233: Hindustan Petroleum Corp. Ltd. - Overview
Exhibits 234: Hindustan Petroleum Corp. Ltd. - Business segments
Exhibits 235: Hindustan Petroleum Corp. Ltd. - Key news
Exhibits 236: Hindustan Petroleum Corp. Ltd. - Key offerings
Exhibits 237: Hindustan Petroleum Corp. Ltd. - Segment focus
Exhibits 238: SWOT
Exhibits 239: Indian Oil Corp. Ltd. - Overview
Exhibits 240: Indian Oil Corp. Ltd. - Business segments
Exhibits 241: Indian Oil Corp. Ltd. - Key news
Exhibits 242: Indian Oil Corp. Ltd. - Key offerings
Exhibits 243: Indian Oil Corp. Ltd. - Segment focus
Exhibits 244: SWOT
Exhibits 245: Kuwait Petroleum Corp. - Overview
Exhibits 246: Kuwait Petroleum Corp. - Product / Service
Exhibits 247: Kuwait Petroleum Corp. - Key offerings
Exhibits 248: SWOT
Exhibits 249: Marathon Petroleum Corp. - Overview
Exhibits 250: Marathon Petroleum Corp. - Business segments
Exhibits 251: Marathon Petroleum Corp. - Key offerings
Exhibits 252: Marathon Petroleum Corp. - Segment focus
Exhibits 253: SWOT
Exhibits 254: Oil and Natural Gas Corp. Ltd. - Overview
Exhibits 255: Oil and Natural Gas Corp. Ltd. - Product / Service
Exhibits 256: Oil and Natural Gas Corp. Ltd. - Key news
Exhibits 257: Oil and Natural Gas Corp. Ltd. - Key offerings
Exhibits 258: SWOT
Exhibits 259: PJSC LUKOIL - Overview
Exhibits 260: PJSC LUKOIL - Product / Service
Exhibits 261: PJSC LUKOIL - Key offerings
Exhibits 262: SWOT
Exhibits 263: Reliance Industries Ltd. - Overview
Exhibits 264: Reliance Industries Ltd. - Business segments
Exhibits 265: Reliance Industries Ltd. - Key news
Exhibits 266: Reliance Industries Ltd. - Key offerings
Exhibits 267: Reliance Industries Ltd. - Segment focus
Exhibits 268: SWOT
Exhibits 269: Saudi Arabian Oil Co. - Overview
Exhibits 270: Saudi Arabian Oil Co. - Product / Service
Exhibits 271: Saudi Arabian Oil Co. - Key offerings
Exhibits 272: SWOT
Exhibits 273: Shell plc - Overview
Exhibits 274: Shell plc - Business segments
Exhibits 275: Shell plc - Key news
Exhibits 276: Shell plc - Key offerings
Exhibits 277: Shell plc - Segment focus
Exhibits 278: SWOT
Exhibits 279: Inclusions checklist
Exhibits 280: Exclusions checklist
Exhibits 281: Currency conversion rates for US$
Exhibits 282: Research methodology
Exhibits 283: Information sources
Exhibits 284: Data validation
Exhibits 285: Validation techniques employed for market sizing
Exhibits 286: Data synthesis
Exhibits 287: 360 degree market analysis
Exhibits 288: List of abbreviations

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., PJSC Gazprom, 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.
  • PJSC Gazprom
  • 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.