Oil Refining Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Oil Refining Market is segmented By Product (Middle Distillates, Light Distillates, Fuel Oil, Others), By Fuel (Gasoline, Kerosine, Liquified Petroleum Gas (LPG), Gasoil, Others), By Application (Marine Bunker, Transportation, Aviation, Petrochemical, Agriculture, Electricity, Residential & Commercial, Rail & Domestic Waterways, Others), By Complexity (Hydro-skimming, Topping, Conversion, Deep Conversion), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD Billion) for the above-mentioned segments.

Oil Refining Market is segmented By Product (Middle Distillates, Light Distillates, Fuel Oil, Others), By Fuel (Gasoline, Kerosine, Liquified Petroleu....

Oil Refining Market Size

Market Size in USD

CAGR4.3%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	4.3%
Market Concentration	High
Major Players	Reliance Industries Limited, BP PLC, China National Petroleum Corporation (CNPC), ExxonMobil Corporation, Chevron Corporation

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Oil Refining Market Analysis

The oil refining market is estimated to be valued at USD 1,838.46 Bn in 2024 and is expected to reach USD 2,469.1 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031. As economies continue to develop worldwide, demand for refined oil and petroleum products is growing steadily.

Oil Refining Market Report Snapshots

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