Oil Refining Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2027

Oil Refining Market is expected to register a CAGR of over 1% during 2021-2027. The COVID-19 pandemic has had a negative impact on the market due to reduced consumption of refined petroleum products and slower economic development in major countries in the world. The COVID-19 pandemic, along with high volatility in crude oil prices, has delayed many oil refining projects around the world. The increase in refining capacity is expected to be driven by growing demand for petroleum products over the next few years. However, the refining market is constrained by factors such as lack of funding, delays in commissioning of projects, land acquisitions, and increasing adoption of electric vehicles in developed and developing countries around the world.

Oil Refining Market- Segmentation

• By Product (Light distillate oil refining market, Topping oil refining market )
• By Application (Transportation and Petrochemical Industries, Electricity generation)
• By Fuel (Gasoline oil refining market)

Major Players

• Exxon Mobil Corporation
• Royal Dutch Shell Plc
• BP plc
• Sinopec Corp.
• Saudi Arabian Oil Co

 Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Oil Refining Market Report

• What was the Oil Refining Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Oil Refining Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Oil Refining Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.