PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1509684
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1509684
Oil Refining Market Assessment, By Type, By Product, By End-use Industry, By Region, Opportunities and Forecast, 2017-2031F
Global oil refining market is projected to witness a CAGR of 4.30% during the forecast period 2024-2031, growing from USD 1536.48 billion in 2023 to USD 2151.14 billion in 2031. Oil refining offers several benefits, including the conversion of crude oil into various valuable products such as fuels, chemicals, and feedstocks for other industries. The process enables the production of high-value products like gasoline, diesel fuel, and jet fuel from crude oil, contributing to energy security and economic growth. The growth of oil refining is primarily driven by factors such as the increasing consumption of petroleum products, availability of crude oil, investment initiatives by key market players in oil refining, and rapid technological advancements.
Investment initiatives are continuously on the rise for oil refining due to the increasing demand for refined petroleum products, such as gasoline, diesel, jet fuel, and lubricants, which are driving the demand for oil refining.
In September 2023, China Petroleum & Chemical Corporation (Sinopec) established a new unit called Sinopec Overseas Investment Holding to invest in overseas petrochemical and refining assets. The move was a part of Sinopec's efforts to expand internationally and leverage its resources and experience. The new company will serve as Sinopec's only medium for investing, setting up, and running refineries outside China. Moreover, Sinopec has already invested in projects such as the USD 10 billion Amur Gas Chemical Complex in East Siberia, built in partnership with Sibur of Russia, and the 400,000 barrels per day Yasref refinery in Yanbu, Saudi Arabia.
Continuous Growing Demand for Petroleum Products Is Driving the Market Expedition
The continuously growing demand for petroleum products is augmenting the oil refining industry. The steady increase in petroleum consumption necessitated expanded refining capacity, particularly in Asia and Middle East, where growing demand and the availability of crude oil were major factors. Additionally, robust economic growth in Asia-Pacific led to increased industrial activities, infrastructure development, and commercial sectors, further driving the need for refined petroleum products.
For instance, in January 2024, India's Petroleum Planning and Analysis Cell projected that the country's demand for refined oil products will grow by a modest 3% in the upcoming financial year 2024-25. Moreover, the demand for petroleum products, including jet fuel, diesel, and LPG, is expected to reach 239 million tons in the financial year beginning from April 1st, as compared to 233 million tons last year.
Development of Oil Refinery Projects is Accelerating Market Growth
The development of oil refinery projects is expediting oil refining by increasing the capacity to meet the rising demand for refined oil products. The construction of new refineries is essential to cope with the growing demand, and the industry's adaptation to changing demand and investment in innovative technologies are improving the economics of refining.
For instance, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have announced a USD 44 billion joint venture to build a mega refinery and petrochemicals complex in Ratnagiri, India, with an expected production capacity of 1.2 million barrels per day. The project is a significant leap in India's oil and gas sector and is expected to contribute effectively to the country's advancements in the country's growing refining industry.
Government Initiatives Acting as Catalyst
Government initiatives are expediting the growth of oil refining by empowering the revival of American refining capacity through the removal of policies that strain small-scale refineries, facilitating investment, and pursuing comprehensive permitting reform. Additionally, the government's support can help address challenges faced by the industry, such as the decline in global refinery capacity and the impact of the energy transition. Furthermore, government incentives and regulations play a significant role in shaping the growth of oil and gas industry, influencing production, and impacting the supply of oil. Government policies can empower the construction of new refineries, mainly in Asia and Middle East, to meet the growing demand for refined oil products.
For instance, in 2023, the United States government took significant initiatives to boost the oil refining industry by removing policies that strain small-scale refineries, facilitating investment, and pursuing comprehensive permitting reform. The Energy Policy Act authorizes to enter a refinery permitting cooperative agreement with the state and Congress taking steps to address the issue.
Utilization Of Crude Oil in Transportation Industry
The frequent utilization of crude oil in the transportation sector is propelling the market growth extensively. The transportation sector is a significant consumer of refined petroleum products, and the increasing demand for these products necessitates the expansion of refining capacity to meet the growing demand.
For example, in June 2023, Mitsubishi UFJ Financial Group (MUFG) attributed its decision in financing the East African Crude Oil Pipeline (EACOP) to the exceptionally high level of interest in the project, which can be credited to the dedicated efforts of activists from the StopEACOP coalition, 350 Japan, and other campaigners from Japan to Uganda and Tanzania. The proposed EACOP pipeline would be the world's largest heated crude oil pipeline, spanning about 1,443 kilometers.
Asia-Pacific Dominates Oil Refining Market
Asia-Pacific led oil refining due to the region's growing demand for refined oil products, driven by improving economies in developing regions. The availability of crude oil is a major factor of the region's dominance in the refining industry. Moreover, the region is expected to provide 90% of global demand growth between 2019-26, according to the IEA's recent analysis and forecast for oil.
For instance, in October 2023, China announced that it will capitalize its crude oil refining capacity at 1 billion metric tons by 2025 to streamline its vast oil processing sector and align with environmental goals. Refineries with an annual capacity of at least 10 million metric tons will account for 55% of facilities by 2025, and any new refineries established after the announcement must have capacities of at least 10 million metric tons. The National Development and Reform Commission (NDRC) will promote energy efficiency and better carbon emission management in the refining sector. The NDRC plans to conduct audits of key facilities to assess production capacities, crude oil sources, and energy efficiency levels.
Future Market Scenario (2024 - 2031F)
It is expected that there will be a growing emphasis on addressing the concerns and desires of consumers, communities, investors, and other stakeholders in all aspects of refining, which in turn will lead to many opportunities for market growth in the future.
Strategic consolidation of size, number, and ownership of facilities and companies will continue, with new partnerships forming among customers, competitors, and suppliers, which in turn is expected to contribute effectively to boost the market growth in future.
The industry is anticipated to witness an increased demand for refined products, driven by improving economies in developing regions. The energy landscape will continue to be shaped by geopolitical factors, macroeconomic variables, policies and regulations, and the emergence of new technologies.
Furthermore, a continuous rise in expenditure towards R&D by the government along with the launching of new oil refinery projects at various parts of the globe will contribute extensively to the market expedition over the upcoming years.
Key Players Landscape and Outlook
Key participants in the oil refining market include Abu Dhabi Oil Refining Company, Saudi Aramco Total Refining and Petrochemical Company (SATORP), Hindustan Petroleum Corporation Limited (HPCL), and Kuwait Integrated Petroleum Industries Company (KIPIC). These players are actively participating in various collaborations for introducing new oil refining projects owing to the continuous rise in demand for refined oil. These partnerships, in turn, are expected to cater to a plethora of demand for market growth in future.
In May 2023, Kuwait Integrated Petroleum Industries Company (KIPIC) announcing the successful operation of the third and final unit of Al-Zour Refinery, increasing the country's maximum refining capacity to 615,000 barrels per day. The refinery, located approximately 90 kilometers south of Kuwait City, is one of the largest refineries built in one phase and is designed to process a wide range of Kuwait domestic crude, including Kuwait export crude and Kuwait heavy crude. The refinery is configured to produce low sulfur fuel oil, ultra-low sulfur jet fuel, kerosene for export, and naphtha feedstock for local petrochemical plants.
In March 2023, Aramco JV HAPCO commenced construction of a major refinery and petrochemical complex in China, with a 300,000 barrels per day (bpd) refinery and a 1.65 million tonnes steam cracker. The project is expected to become fully operational by 2026 and will be located in the city of Panjin, Liaoning Province, China. Aramco would supply up to 210,000 bpd of crude oil feedstock to the complex. It will play an important role in deepening economic and trade cooperation between China and Saudi Arabia, thereby achieving common development and prosperity.
Table of Contents
1. Research Methodology
2. Project Scope & Definitions
3. Executive Summary
4. Global Oil Refining Market Outlook, 2017-2031F
- 4.1. Market Size & Forecast
- 4.1.1. By Value
- 4.1.2. By Volume
- 4.2. By Type
- 4.2.1. Topping Oil Refinery
- 4.2.2. Hydro-skimming Oil Refinery
- 4.2.3. Deep Conversion Refineries
- 4.2.4. Conversion Oil Refineries
- 4.3. By Product
- 4.3.1. Gasoline
- 4.3.2. LPG
- 4.3.3. Kerosene
- 4.3.4. Others
- 4.4. By End-use Industry
- 4.4.1. Transportation
- 4.4.2. Aviation
- 4.4.3. Petrochemical
- 4.4.4. Agriculture
- 4.4.5. Others
- 4.5. By Region
- 4.5.1. North America
- 4.5.2. Europe
- 4.5.3. Asia-Pacific
- 4.5.4. South America
- 4.5.5. Middle East and Africa
- 4.6. By Company Market Share (%), 2023
5. Global Oil Refining Market Outlook, By Region, 2017-2031F
- 5.1. North America*
- 5.1.1. Market Size & Forecast
- 5.1.1.1. By Value
- 5.1.1.2. By Volume
- 5.1.2. By Type
- 5.1.2.1. Topping Oil Refinery
- 5.1.2.2. Hydro-skimming Oil Refinery
- 5.1.2.3. Deep Conversion Refineries
- 5.1.2.4. Conversion Oil Refineries
- 5.1.3. By Product
- 5.1.3.1. Gasoline
- 5.1.3.2. LPG
- 5.1.3.3. Kerosene
- 5.1.3.4. Others
- 5.1.4. By End-use Industry
- 5.1.4.1. Transportation
- 5.1.4.2. Aviation
- 5.1.4.3. Petrochemical
- 5.1.4.4. Agriculture
- 5.1.4.5. Others
- 5.1.5. United States*
- 5.1.5.1. Market Size & Forecast
- 5.1.5.1.1. By Value
- 5.1.5.1.2. By Volume
- 5.1.5.2. By Type
- 5.1.5.2.1. Topping Oil Refinery
- 5.1.5.2.2. Hydro-skimming Oil Refinery
- 5.1.5.2.3. Deep Conversion Refineries
- 5.1.5.2.4. Conversion Oil Refineries
- 5.1.5.3. By Product
- 5.1.5.3.1. Gasoline
- 5.1.5.3.2. LPG
- 5.1.5.3.3. Kerosene
- 5.1.5.3.4. Others
- 5.1.5.4. By End-use Industry
- 5.1.5.4.1. Transportation
- 5.1.5.4.2. Aviation
- 5.1.5.4.3. Petrochemical
- 5.1.5.4.4. Agriculture
- 5.1.5.4.5. Others
- 5.1.5.1. Market Size & Forecast
- 5.1.6. Canada
- 5.1.7. Mexico
- 5.1.1. Market Size & Forecast
All segments will be provided for all regions and countries covered
- 5.2. Europe
- 5.2.1. Germany
- 5.2.2. France
- 5.2.3. Italy
- 5.2.4. United Kingdom
- 5.2.5. Russia
- 5.2.6. Netherlands
- 5.2.7. Spain
- 5.2.8. Turkey
- 5.2.9. Poland
- 5.3. Asia-Pacific
- 5.3.1. India
- 5.3.2. China
- 5.3.3. Japan
- 5.3.4. Australia
- 5.3.5. Vietnam
- 5.3.6. South Korea
- 5.3.7. Indonesia
- 5.3.8. Philippines
- 5.4. South America
- 5.4.1. Brazil
- 5.4.2. Argentina
- 5.5. Middle East & Africa
- 5.5.1. Saudi Arabia
- 5.5.2. UAE
- 5.5.3. South Africa
6. Market Mapping, 2023
- 6.1. By Type
- 6.2. By Product
- 6.3. By End-use Industry
- 6.4. By Region
7. Macro Environment and Industry Structure
- 7.1. Demand Supply Analysis
- 7.2. Import Export Analysis
- 7.3. Value Chain Analysis
- 7.4. PESTEL Analysis
- 7.4.1. Political Factors
- 7.4.2. Economic System
- 7.4.3. Social Implications
- 7.4.4. Technological Advancements
- 7.4.5. Environmental Impacts
- 7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
- 7.5. Porter's Five Forces Analysis
- 7.5.1. Supplier Power
- 7.5.2. Buyer Power
- 7.5.3. Substitution Threat
- 7.5.4. Threat from New Entrant
- 7.5.5. Competitive Rivalry
8. Market Dynamics
- 8.1. Growth Drivers
- 8.2. Growth Inhibitors (Challenges and Restraints)
9. Key Players Landscape
- 9.1. Competition Matrix of Top Five Market Leaders
- 9.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
- 9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
- 9.4. SWOT Analysis (For Five Market Players)
- 9.5. Patent Analysis (If Applicable)
10. Case Studies
11. Key Players Outlook
- 11.1. Saudi Aramco Total Refining and Petrochemical Company (SATORP)
- 11.1.1. Company Details
- 11.1.2. Key Management Personnel
- 11.1.3. Products & Services
- 11.1.4. Financials (As reported)
- 11.1.5. Key Market Focus & Geographical Presence
- 11.1.6. Recent Developments
- 11.2. Reliance Industries Limited
- 11.3. NK Rosneft, PAO
- 11.4. Hindustan Petroleum Corporation Limited (HPCL)
- 11.5. Abu Dhabi Oil Refining Company
- 11.6. PDVSA Petroleos de Venezuela S.A.
- 11.7. Kuwait Integrated Petroleum Industries Company (KIPIC)
- 11.8. ExxonMobil Corp
- 11.9. China National Petroleum Corporation
- 11.10. Chevron Corporation
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
12. Strategic Recommendations
13. About Us & Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 2. Global Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 3. Global Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 4. Global Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 5. Global Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 6. Global Oil Refining Market Share (%), By Region, 2017-2031F
- Figure 7. North America Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 8. North America Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 9. North America Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 10. North America Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 11. North America Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 12. North America Oil Refining Market Share (%), By Country, 2017-2031F
- Figure 13. United States Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 14. United States Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 15. United States Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 16. United States Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 17. United States Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 18. Canada Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 19. Canada Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 20. Canada Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 21. Canada Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 22. Canada Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 23. Mexico Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 24. Mexico Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 25. Mexico Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 26. Mexico Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 27. Mexico Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 28. Europe Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 29. Europe Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 30. Europe Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 31. Europe Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 32. Europe Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 33. Europe Oil Refining Market Share (%), By Country, 2017-2031F
- Figure 34. Germany Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 35. Germany Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 36. Germany Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 37. Germany Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 38. Germany Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 39. France Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 40. France Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 41. France Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 42. France Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 43. France Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 44. Italy Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 45. Italy Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 46. Italy Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 47. Italy Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 48. Italy Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 49. United Kingdom Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 50. United Kingdom Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 51. United Kingdom Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 52. United Kingdom Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 53. United Kingdom Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 54. Russia Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 55. Russia Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 56. Russia Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 57. Russia Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 58. Russia Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 59. Netherlands Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 60. Netherlands Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 61. Netherlands Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 62. Netherlands Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 63. Netherlands Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 64. Spain Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 65. Spain Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 66. Spain Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 67. Spain Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 68. Spain Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 69. Turkey Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 70. Turkey Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 71. Turkey Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 72. Turkey Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 73. Turkey Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 74. Poland Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 75. Poland Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 76. Poland Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 77. Poland Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 78. Poland Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 79. South America Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 80. South America Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 81. South America Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 82. South America Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 83. South America Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 84. South America Oil Refining Market Share (%), By Country, 2017-2031F
- Figure 85. Brazil Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 86. Brazil Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 87. Brazil Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 88. Brazil Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 89. Brazil Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 90. Argentina Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 91. Argentina Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 92. Argentina Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 93. Argentina Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 94. Argentina Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 95. Asia-Pacific Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 96. Asia-Pacific Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 97. Asia-Pacific Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 98. Asia-Pacific Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 99. Asia-Pacific Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 100. Asia-Pacific Oil Refining Market Share (%), By Country, 2017-2031F
- Figure 101. India Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 102. India Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 103. India Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 104. India Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 105. India Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 106. China Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 107. China Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 108. China Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 109. China Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 110. China Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 111. Japan Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 112. Japan Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 113. Japan Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 114. Japan Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 115. Japan Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 116. Australia Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 117. Australia Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 118. Australia Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 119. Australia Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 120. Australia Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 121. Vietnam Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 122. Vietnam Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 123. Vietnam Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 124. Vietnam Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 125. Vietnam Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 126. South Korea Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 127. South Korea Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 128. South Korea Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 129. South Korea Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 130. South Korea Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 131. Indonesia Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 132. Indonesia Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 133. Indonesia Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 134. Indonesia Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 135. Indonesia Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 136. Philippines Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 137. Philippines Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 138. Philippines Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 139. Philippines Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 140. Philippines Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 141. Middle East & Africa Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 142. Middle East & Africa Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 143. Middle East & Africa Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 144. Middle East & Africa Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 145. Middle East & Africa Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 146. Middle East & Africa Oil Refining Market Share (%), By Country, 2017-2031F
- Figure 147. Saudi Arabia Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 148. Saudi Arabia Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 149. Saudi Arabia Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 150. Saudi Arabia Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 151. Saudi Arabia Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 152. UAE Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 153. UAE Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 154. UAE Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 155. UAE Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 156. UAE Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 157. South Africa Oil Refining Market, By Value, in USD Billion, 2017-2031F
- Figure 158. South Africa Oil Refining Market, By Volume, in Million Metric Tons, 2017-2031F
- Figure 159. South Africa Oil Refining Market Share (%), By Type, 2017-2031F
- Figure 160. South Africa Oil Refining Market Share (%), By Product, 2017-2031F
- Figure 161. South Africa Oil Refining Market Share (%), By End-use Industry, 2017-2031F
- Figure 162. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 163. By Product Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 164. By End-use Industry Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
