List of Contents

Oil Refining Market Size, Share, and Trends 2024 to 2034

Oil Refining Market (By Product: Fuel Oil, Light Distillates, Middle Distillates, Others; By Fuel: Gasoline, Kerosine, Liquified Petroleum Gas, Gasoil, Others; By Complexity: Hydro-skimming, Topping, Conversion, Deep Conversion; By Application: Marine Bunker, Transportation, Aviation, Petrochemical, Agriculture, Electricity, Residential & Commercial, Rail & domestic waterways, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2034

  • Last Updated : July 2024
  • Report Code : 4733
  • Category : Energy and Power

1. Introduction

  • Research Methodology
  • Research Scope
  • Definitions and Assumptions

2. Executive Summary

  • Market Overview
  • Key Findings
  • Market Size and Growth Projections
  • Market Trends

3. Market Dynamics

  • Drivers
  • Restraints
  • Opportunities
  • Market Challenges

4. Market Analysis

  • Value Chain Analysis
  • Porter’s Five Forces Analysis
  • PEST Analysis (Political, Economic, Social, and Technological)
  • Impact of COVID-19 on the Oil Refining Market

5. Oil Refining Market Segments

By Product

  • Introduction
  • Fuel Oil
  • Light Distillates
  • Middle Distillates
  • Others

By Fuel

  • Introduction
  • Gasoline
  • Kerosene
  • Liquefied Petroleum Gas (LPG)
  • Gasoil
  • Others

By Complexity

  • Introduction
  • Hydro-skimming
  • Topping
  • Conversion
  • Deep Conversion

By Application

  • Introduction
  • Marine Bunker
  • Transportation
  • Aviation
  • Petrochemical
  • Agriculture
  • Electricity
  • Residential & Commercial
  • Rail & Domestic Waterways
  • Others

By Geography

  • Introduction
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

6. Cross-sectional Analysis

By Product

·         Fuel Oil

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Light Distillates

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Middle Distillates

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

By Fuel

·         Gasoline

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Kerosine

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Liquified Petroleum Gas (LPG)

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Gasoil

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Others

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

By Complexity

·         Hydro-skimming

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Topping

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Conversion

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Deep Conversion

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

By Application

·         Marine Bunker

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Transportation

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Aviation

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Petrochemical

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Agriculture

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Electricity

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Residential & Commercial

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Rail & Domestic Waterways

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

·         Others

o   By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o   By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o   By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o   By Geography

§  North America

§  Asia Pacific

§  Europe

§  Latin America

§  Middle East & Africa

By Geography

  • North America

o    By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o    By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o    By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o    By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

  • Asia Pacific

o    By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o    By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o    By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o    By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

  • Europe

o    By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o    By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o    By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o    By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

  • Latin America

o    By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o    By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o    By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o    By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

  • Middle East & Africa

o    By Product

§  Fuel Oil

§  Light Distillates

§  Middle Distillates

§  Others

o    By Fuel

§  Gasoline

§  Kerosine

§  Liquified Petroleum Gas (LPG)

§  Gasoil

§  Others

o    By Complexity

§  Hydro-skimming

§  Topping

§  Conversion

§  Deep Conversion

o    By Application

§  Marine Bunker

§  Transportation

§  Aviation

§  Petrochemical

§  Agriculture

§  Electricity

§  Residential & Commercial

§  Rail & domestic waterways

§  Others

7. Go-to-Market Strategies

  • Market Entry Strategies
    • Entry Modes: Direct Investment, Joint Ventures, Licensing
    • Market Segmentation and Targeting
    • Regulatory Compliance and Risk Management
  • Market Penetration Strategies
    • Market Segmentation and Targeting
    • Competitive Positioning
    • Pricing Strategies
    • Marketing and Promotion Tactics
  • Product Launch Strategies
    • Product Development Lifecycle
    • Launch Planning and Execution
    • Market Introduction and Rollout
    • Post-Launch Monitoring and Feedback
  • Partnership and Collaboration Strategies
    • Strategic Alliances and Joint Ventures
    • Technology Partnerships
    • Research and Development Collaborations
    • Industry Consortiums and Associations
  • Distribution Channel Strategies
    • Direct vs. Indirect Distribution
    • Channel Partner Selection and Management
    • Distribution Network Optimization
    • E-commerce and Digital Distribution Channels

8. Competition Analysis

  • Competitive Landscape
    • Market Structure and Competition Levels
    • SWOT Analysis of Major Competitors
  • Key Players Profiles
    • Company Overviews
    • Product and Service Offerings
    • Financial Performance
    • Recent Developments
  • Market Share Analysis
    • Market Share Distribution
    • Historical and Projected Market Shares
  • Strategic Developments
    • Mergers and Acquisitions
      • Recent Mergers and Acquisitions
      • Impact on Market Position
    • Partnerships and Collaborations
      • Strategic Alliances and Partnerships
      • Joint Ventures and Strategic Initiatives
    • Product Launches
      • New Product Introductions
      • Innovations and Technological Advancements

9. Opportunity Assessment

  • Market Opportunities by Region
    • North America
    • Asia Pacific
    • Europe
    • Latin America
    • Middle East & Africa
  • Market Opportunities by Segment
    • Refining Technologies
    • Product Types
    • Application Areas
  • Emerging Markets
    • Growth Potential in Emerging Economies
    • Market Penetration Strategies
  • Investment Opportunities
    • Investment Trends
    • Major Investment Areas
    • Risk and Return Analysis

10. Supply Chain Intelligence / Streamline Operations

  • Supply Chain Overview
    • Supply Chain Structure
    • Key Players and Their Roles
  • Supply Chain Optimization
    • Process Improvement
    • Technology Integration
    • Best Practices in Supply Chain Management
  • Supplier and Distributor Analysis
    • Supplier Selection and Evaluation
    • Distributor Network Management
  • Logistics and Transportation
    • Logistics Strategies
    • Transportation Management
    • Infrastructure and Technology
  • Cost Reduction Strategies
    • Cost Management Techniques
    • Efficiency Improvements
    • Waste Reduction Practices

11. Cross-Border Intelligence

  • International Trade Analysis
    • Trade Policies and Agreements
    • Trade Flows and Trends
  • Import and Export Trends
    • Major Exporters and Importers
    • Trade Barriers and Facilitation
  • Regulatory Landscape
    • Regulatory Requirements and Compliance
    • Impact of Regulations on Trade
  • Cross-Border Partnerships and Collaborations
    • International Joint Ventures
    • Cross-Border Collaborations in Technology and Innovation

12. Business Model Innovation

  • Innovative Business Models in Oil Refining
    • New Business Models and Approaches
    • Case Studies of Innovative Models
  • Digital Transformation in Business Models
    • Integration of Digital Technologies
    • Impact on Operations and Customer Engagement
  • Case Studies of Business Model Innovation
    • Successful Examples
    • Lessons Learned
  • Future Trends in Business Models
    • Predictions and Emerging Trends
    • Strategic Recommendations

13. Blue Ocean vs. Red Ocean Strategies

  • Blue Ocean Strategy Framework
    • Concept and Principles
    • Implementation Strategies
  • Red Ocean Strategy Analysis
    • Competitive Market Space
    • Market Saturation and Competition
  • Case Studies of Blue Ocean Strategies
    • Examples of Successful Blue Ocean Strategies
    • Analysis of Outcomes
  • Comparative Analysis
    • Blue Ocean vs. Red Ocean Approaches
    • Strategic Advantages and Disadvantages
  • Strategic Recommendations
    • Recommended Strategies for Different Market Conditions
    • Strategic Planning and Execution

14. Integration of AI in the Oil Refining Market

  • Overview of AI Technologies in Oil Refining Market
    • Types of AI Technologies Used
    • Overview of AI Applications
  • AI in Refining Processes
    • AI Applications in Process Optimization
    • Automation and Efficiency Enhancements
  • AI in Operational Efficiency
    • AI-driven Operational Improvements
    • Case Studies and Examples
  • AI in Decision Making
    • AI for Strategic Decision Support
    • Data Analytics and Insights

Applications of AI in Oil Refining Market

  • Smart Tracking and Inventory Management
    • Real-time Tracking Systems
      • Technologies Used
      • Benefits and Implementations
    • AI-based Inventory Optimization
      • Optimization Techniques
      • Case Studies and Examples
  • Predictive Maintenance and Quality Control
    • AI-driven Predictive Maintenance Tools
      • Maintenance Strategies
      • AI Technologies for Predictive Maintenance
    • Quality Control Systems Enhanced by AI
      • AI in Quality Assurance
      • Case Studies and Examples
  • Optimization of Supply Chain Logistics
    • AI in Supply Chain Planning
      • Planning Tools and Technologies
      • Benefits and Challenges
    • Logistics Optimization using AI
      • AI Applications in Logistics
      • Case Studies and Examples

Benefits of AI Integration

  • Enhanced Efficiency and Productivity
    • AI in Process Optimization
      • Efficiency Gains through AI
      • Case Studies and Examples
    • Productivity Gains through AI
      • Productivity Improvements
      • Technology Impact
  • Cost Savings and Waste Reduction
    • Cost Reduction through AI
      • Cost-saving Strategies
      • AI Technologies Used
    • Waste Minimization using AI
      • Waste Reduction Techniques
      • Case Studies and Examples
  • Improved Sustainability
    • AI in Sustainable Practices
      • Environmental Benefits of AI
      • Sustainability Initiatives
    • Environmental Benefits of AI Integration
      • Long-term Environmental Impact
      • Case Studies and Examples

15. Case Studies and Examples

  • Successful AI Integration in Oil Refining
    • Detailed Case Studies
    • Key Success Factors
  • Case Studies of AI-driven Efficiency
    • Efficiency Improvements
    • Lessons Learned
  • Examples of Cost Savings through AI
    • Cost-saving Examples
    • Impact Analysis
  • Sustainability Achievements using AI
    • Sustainability Case Studies
    • Environmental Benefits

16. Future Prospects and Innovations

  • Future Trends in Oil Refining
    • Emerging Trends
    • Market Predictions
  • Emerging Technologies
    • Technological Advancements
    • Innovations in Oil Refining
  • Innovations in AI for Oil Refining
    • Cutting-edge AI Technologies
    • Future Applications
  • Long-term Market Outlook
    • Market Projections
    • Strategic Recommendations for the Future

17. Company Profiles

  • Reliance Industries Limited
  • BP PLC
  • China National Petroleum Corporation
  • ExxonMobil Corporation
  • Bharat Petroleum Corporation Limited
  • PJSC LUKOIL COMPANY
  • Petroleos De Venezuela
  • Hindustan Petroleum Corporation Limited
  • Chevron Corporation
  • Marathon Petroleum Corporation
  • Indian Oil Corporation Limited
  • Royal Dutch Shell Plc.

18. Market Trends and Future Outlook

  • Emerging Trends
  • Future Projections
  • Strategic Recommendations

19. Appendices

  • Primary Research Methodology
  • Secondary Research Methodology
  • Data Sources
  • List of Abbreviations

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Frequently Asked Questions

The global oil refining market size is expected to increase USD 2,800.91 billion by 2034 from USD 1,762.67 billion in 2023.

The oil refining market is anticipated to grow at a CAGR of over 4.30% between 2024 and 2034.

The major players operating in the oil refining market are Reliance Industries Limited, BP PLC., China National Petroleum Corporation, ExxonMobil Corporation, Bharat Petroleum Corporation Limited, PJSC LUKOIL COMPANY, Petroleos De Venezuela, Hindustan Petroleum Corporation Limited, Chevron Corporation, Marathon Petroleum Corporation, Indian Oil Corporation Limited, Royal Dutch Shell Plc., and Others.

The driving factor of the oil refining market are an rising investment in oil refinery facilities.

Asia Pacific region will lead the global oil refining market during the forecast period 2024 to 2034.

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