Petroleum Refining in Mexico - Industry Market Research Report

Refined finds: The industry will still continue to rely on imports to meet domestic demand

Petroleum Refining in Mexico
The Petroleum Refining industry in Mexico processes a wide variety of liquids and fuels such as gasoline, diesel, kerosene, different varieties of aviation fuel, asphalt paving mixtures and other crude oil feedstocks. These products are used downstream in airline operational facilities, utilities and manufacturing industries and even by households for vehicle fuel. The industry is monopolized completely by Petróleos Mexicanos (Pemex), which owns all six operational refineries in Mexico. Despite Pemex being one of the largest crude oil and natural gas producers in the world, the Petroleum Refining industry has remained a net importer over the five years to 2019. Over the five years to 2019, however, industry revenue is expected to decrease. Over the five years to 2024, industry revenue is expected to increase.Industry operators in Mexico refine crude oil into petroleum products. Petroleum refining involves one or more of the following activities: fractionation, straight distillation of crude oil and cracking. In Mexico, this industry also includes establishments wherein petroleum refining is integrated with petrochemical manufacturing. This industry does not include companies that extract crude oil or retail gasoline. 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.