
The global Refined Petroleum market size was valued at US$ million in 2023. With growing demand in downstream market, the Refined Petroleum is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Refined Petroleum market. Refined Petroleum are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Refined Petroleum. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Refined Petroleum market.
Industry operators refine crude oil into petroleum products. Petroleum refining involves one or more of the following activities: fractionation, straight distillation of crude oil and cracking. This industry does not include companies that extract crude oil or retail gasoline.
Refined petroleum refers to petroleum or crude oil that has undergone various refining processes to produce usable, marketable, and refined products. Crude oil is a naturally occurring, unrefined petroleum product found underground, and through refining processes, it is converted into a range of valuable products.
Refining crude oil involves complex processes to separate and purify various components, yielding a variety of refined products, including:
1. **Gasoline:** Used as fuel for automobiles, small engines, and other motor vehicles.
2. **Diesel Fuel:** Utilized in diesel engines for transportation, industry, and as heating oil.
3. **Jet Fuel:** Specifically designed for use in aircraft engines.
4. **Kerosene:** Used for heating, lighting, and as a component in jet fuel.
5. **Liquefied Petroleum Gas (LPG):** Including propane and butane used for heating, cooking, and as fuel.
6. **Heavy Fuel Oils:** Used for industrial heating and in power generation.
7. **Bitumen:** Used in road construction and roofing materials.
8. **Naphtha:** Used as a feedstock for petrochemicals and as a solvent.
The refining process involves various techniques such as distillation, cracking, reforming, and treating to separate the components and improve the quality of the end products. Each refined product has specific properties and applications, meeting the diverse energy and material needs of various industries and consumers.
Refined petroleum products are the backbone of modern industrial societies, driving transportation, energy generation, and serving as raw materials for various industries. The refining industry is essential in processing crude oil into products that are integral to daily life and numerous sectors of the global economy.
Key Features:
The report on Refined Petroleum market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Refined Petroleum market. It may include historical data, market segmentation by Type (e.g., Gasoline, Kerosene), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Refined Petroleum market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Refined Petroleum market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Refined Petroleum industry. This include advancements in Refined Petroleum technology, Refined Petroleum new entrants, Refined Petroleum new investment, and other innovations that are shaping the future of Refined Petroleum.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Refined Petroleum market. It includes factors influencing customer ' purchasing decisions, preferences for Refined Petroleum product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Refined Petroleum market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Refined Petroleum market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Refined Petroleum market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Refined Petroleum industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Refined Petroleum market.
Market Segmentation:
Refined Petroleum market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Gasoline
Kerosene
Lubricating Oil
Other
Segmentation by application
Energy
Chemical Industry
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Exxon Mobil
Valero Energy
Marathon Petroleum
Chevron
Phillips 66
Andeavor
BP
Air Products
BHP Billiton
FMC Technologies
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Refined Petroleum Market Size 2019-2030
2.1.2 Refined Petroleum Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Refined Petroleum Segment by Type
2.2.1 Gasoline
2.2.2 Kerosene
2.2.3 Lubricating Oil
2.2.4 Other
2.3 Refined Petroleum Market Size by Type
2.3.1 Refined Petroleum Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Refined Petroleum Market Size Market Share by Type (2019-2024)
2.4 Refined Petroleum Segment by Application
2.4.1 Energy
2.4.2 Chemical Industry
2.4.3 Other
2.5 Refined Petroleum Market Size by Application
2.5.1 Refined Petroleum Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Refined Petroleum Market Size Market Share by Application (2019-2024)
3 Refined Petroleum Market Size by Player
3.1 Refined Petroleum Market Size Market Share by Players
3.1.1 Global Refined Petroleum Revenue by Players (2019-2024)
3.1.2 Global Refined Petroleum Revenue Market Share by Players (2019-2024)
3.2 Global Refined Petroleum Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Refined Petroleum by Regions
4.1 Refined Petroleum Market Size by Regions (2019-2024)
4.2 Americas Refined Petroleum Market Size Growth (2019-2024)
4.3 APAC Refined Petroleum Market Size Growth (2019-2024)
4.4 Europe Refined Petroleum Market Size Growth (2019-2024)
4.5 Middle East & Africa Refined Petroleum Market Size Growth (2019-2024)
5 Americas
5.1 Americas Refined Petroleum Market Size by Country (2019-2024)
5.2 Americas Refined Petroleum Market Size by Type (2019-2024)
5.3 Americas Refined Petroleum Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Refined Petroleum Market Size by Region (2019-2024)
6.2 APAC Refined Petroleum Market Size by Type (2019-2024)
6.3 APAC Refined Petroleum Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Refined Petroleum by Country (2019-2024)
7.2 Europe Refined Petroleum Market Size by Type (2019-2024)
7.3 Europe Refined Petroleum Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Refined Petroleum by Region (2019-2024)
8.2 Middle East & Africa Refined Petroleum Market Size by Type (2019-2024)
8.3 Middle East & Africa Refined Petroleum Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Refined Petroleum Market Forecast
10.1 Global Refined Petroleum Forecast by Regions (2025-2030)
10.1.1 Global Refined Petroleum Forecast by Regions (2025-2030)
10.1.2 Americas Refined Petroleum Forecast
10.1.3 APAC Refined Petroleum Forecast
10.1.4 Europe Refined Petroleum Forecast
10.1.5 Middle East & Africa Refined Petroleum Forecast
10.2 Americas Refined Petroleum Forecast by Country (2025-2030)
10.2.1 United States Refined Petroleum Market Forecast
10.2.2 Canada Refined Petroleum Market Forecast
10.2.3 Mexico Refined Petroleum Market Forecast
10.2.4 Brazil Refined Petroleum Market Forecast
10.3 APAC Refined Petroleum Forecast by Region (2025-2030)
10.3.1 China Refined Petroleum Market Forecast
10.3.2 Japan Refined Petroleum Market Forecast
10.3.3 Korea Refined Petroleum Market Forecast
10.3.4 Southeast Asia Refined Petroleum Market Forecast
10.3.5 India Refined Petroleum Market Forecast
10.3.6 Australia Refined Petroleum Market Forecast
10.4 Europe Refined Petroleum Forecast by Country (2025-2030)
10.4.1 Germany Refined Petroleum Market Forecast
10.4.2 France Refined Petroleum Market Forecast
10.4.3 UK Refined Petroleum Market Forecast
10.4.4 Italy Refined Petroleum Market Forecast
10.4.5 Russia Refined Petroleum Market Forecast
10.5 Middle East & Africa Refined Petroleum Forecast by Region (2025-2030)
10.5.1 Egypt Refined Petroleum Market Forecast
10.5.2 South Africa Refined Petroleum Market Forecast
10.5.3 Israel Refined Petroleum Market Forecast
10.5.4 Turkey Refined Petroleum Market Forecast
10.5.5 GCC Countries Refined Petroleum Market Forecast
10.6 Global Refined Petroleum Forecast by Type (2025-2030)
10.7 Global Refined Petroleum Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Exxon Mobil
11.1.1 Exxon Mobil Company Information
11.1.2 Exxon Mobil Refined Petroleum Product Offered
11.1.3 Exxon Mobil Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Exxon Mobil Main Business Overview
11.1.5 Exxon Mobil Latest Developments
11.2 Valero Energy
11.2.1 Valero Energy Company Information
11.2.2 Valero Energy Refined Petroleum Product Offered
11.2.3 Valero Energy Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Valero Energy Main Business Overview
11.2.5 Valero Energy Latest Developments
11.3 Marathon Petroleum
11.3.1 Marathon Petroleum Company Information
11.3.2 Marathon Petroleum Refined Petroleum Product Offered
11.3.3 Marathon Petroleum Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Marathon Petroleum Main Business Overview
11.3.5 Marathon Petroleum Latest Developments
11.4 Chevron
11.4.1 Chevron Company Information
11.4.2 Chevron Refined Petroleum Product Offered
11.4.3 Chevron Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Chevron Main Business Overview
11.4.5 Chevron Latest Developments
11.5 Phillips 66
11.5.1 Phillips 66 Company Information
11.5.2 Phillips 66 Refined Petroleum Product Offered
11.5.3 Phillips 66 Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Phillips 66 Main Business Overview
11.5.5 Phillips 66 Latest Developments
11.6 Andeavor
11.6.1 Andeavor Company Information
11.6.2 Andeavor Refined Petroleum Product Offered
11.6.3 Andeavor Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Andeavor Main Business Overview
11.6.5 Andeavor Latest Developments
11.7 BP
11.7.1 BP Company Information
11.7.2 BP Refined Petroleum Product Offered
11.7.3 BP Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 BP Main Business Overview
11.7.5 BP Latest Developments
11.8 Air Products
11.8.1 Air Products Company Information
11.8.2 Air Products Refined Petroleum Product Offered
11.8.3 Air Products Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Air Products Main Business Overview
11.8.5 Air Products Latest Developments
11.9 BHP Billiton
11.9.1 BHP Billiton Company Information
11.9.2 BHP Billiton Refined Petroleum Product Offered
11.9.3 BHP Billiton Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 BHP Billiton Main Business Overview
11.9.5 BHP Billiton Latest Developments
11.10 FMC Technologies
11.10.1 FMC Technologies Company Information
11.10.2 FMC Technologies Refined Petroleum Product Offered
11.10.3 FMC Technologies Refined Petroleum Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 FMC Technologies Main Business Overview
11.10.5 FMC Technologies Latest Developments
12 Research Findings and Conclusion
Ìý
Ìý
*If Applicable.
