Global Oil Refining Market Research Report 2020: COVID-19 Outbreak Impact Analysis
Brand Essence Market Research has developed a concise study on the Oil Refining market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.
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Oil Refining Market is valued at USD 6072.0 Billion in 2018 and expected to reach USD 6600.8 Billion By 2026 with the CAGR of 1.2% over the forecast period. Increasing worldwide energy demand and rapid industrialization is likely to grow the Oil Refining market.
Scope of Oil Refining Market Report:
Oil refining is the process by which crude oil is process and transformed into useful products. This process involves the removal of heavy oil and other impurities and increases the efficiency of the final product such as gasoline, petroleum and others. The oil refining is the tedious process and it requires lot of machinery setup as this complete process requires lot of filtration and elimination of impurities such as phospholipids, hydrocarbons and others. Based on the complexity and final products different process has been used by the reefing organization.
Oil Refining Market report is segmented on complexity, product, and application and by regional & country level. Based upon complexity, oil refining market is segmented into Topping, Conversion, and Deep Conversion. On the basis of product, the market is segmented into Light Distillates, Middle Distillates, Fuel Oil, Others. Based upon application, oil refining market is classified into Road transport, Aviation, Marine Bunker, Petrochemical, Residential, Electricity Generation, Rail & domestic, and Others.
The regions covered in this Oil Refining market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Oil Refining market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Oil Refining Market Reportsâ€“ Some major key players for Oil Refining market are Bharat Petroleum, Saudi Aramco, S-Oil, Hindustan Petroleum, BP, Indian Oil, Abu Dhabi National Oil Company, Exxon Mobil, Phillips 66, Fluor, Shell, Kuwait Petroleum, PBF Energy, Reliance, Chevron, SINOPEC among others.
Increasing worldwide energy demand and rapid industrialization helps Oil Refining Market to grow.- Over the period of time there is increase in the worldwide population which has ld to the increase in several others demands like water, food, energy, natural resources and others. According to population reference bureau report, the world population is expected to reach around 9.9 billion by 2050, up 2.3 billion or 29 percent from an estimated 7.6 billion people from now. The constant increase in the population has also significantly increased the demand for oil and energy coupled with rapid industrialization and increase in urban population. Moreover, increase in construction and expansion of refineries worldwide is also expected to positively drive the growth of oil refining market over the forecast period. Furthermore, increase in aviation and transport industry has also increased the demand for refined oil augmenting the growth of oil refining market over the forecast period. Technological advancement in the oil refining industry may create new opportunities in the oil reefing market however, increased use of natural gas and increase in renewable energy are expected to hamper the growth of oil refining market over the forecast period.
Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Oil Refining Market.
Key Benefits for Oil Refining Market Reports
â€¢ Global market report covers in-depth historical and forecast analysis.
â€¢ Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
â€¢ Global market report helps to identify opportunities in market place.
â€¢ Global market report covers extensive analysis of emerging trends and competitive landscape.
Oil Refining Market Segmentation â€“
â€¢Rail & domestic
â€¢ North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
Asia Pacific is expected to dominate the Oil Refining Market.- North America and Europe is expected to show moderate growth over the forecast period owing to the increased awareness among people about renewable energy and the use of natural gas. Moreover, change in government policies about the conservation of natural resources in this developed region may slow down the growth of oil refining market over the forecast period. Asia Pacific is expected to develop rapidly over the forecast period which is closely followed by Middle East. The presence of oil based economies and presence of developing countries in these regions are expected to drive the growth of these markets over the forecast period. From the Asia Pacific region china is one of the major importers of crude oil which has increased the oil refining market, others countries such as Saudi Arabia, Iran and others are also expected to gain traction over the forecast period. Latin America and Africa is expected to develop at a considerable rate over the forecast period.
Oil Refining Market Key Players:
â€¢ Bharat Petroleum
â€¢ Saudi Aramco
â€¢ Hindustan Petroleum
â€¢ Indian Oil
â€¢ Abu Dhabi National Oil Company
â€¢ Exxon Mobil
â€¢ Phillips 66
This comprehensive report will provide:
â€¢ Enhance your strategic decision making
â€¢ Assist with your research, presentations and business plans
â€¢ Show which emerging market opportunities to focus on
â€¢ Increase your industry knowledge
â€¢ Keep you up-to-date with crucial market developments
â€¢ Allow you to develop informed growth strategies
â€¢ Build your technical insight
â€¢ Illustrate trends to exploit
â€¢ Strengthen your analysis of competitors
â€¢ Provide risk analysis, helping you avoid the pitfalls other companies could make
â€¢ Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
â€¢ Which are the driving factors responsible for the growth of market?
â€¢ Which are the roadblock factors of this market?
â€¢ What are the new opportunities, by which market will grow in coming years?
â€¢ What are the trends of this market?
â€¢ Which are main factors responsible for new product launch?
â€¢ How big is the global & regional market in terms of revenue, sales and production?
â€¢ How far will the market grow in forecast period in terms of revenue, sales and production?
â€¢ Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
â€¢ How will each segment grow over the forecast period and how much revenue will these segment account for in 2026?
â€¢ Which region has more opportunities?
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The Essential Content Covered in the Global Oil Refining Market Report:
* Top Key Company Profiles.
* Main Business and Rival Information
* SWOT Analysis and PESTEL Analysis
* Production, Sales, Revenue, Price and Gross Margin
* Market Share and Size
The report provides a 6-year forecast (2020-2026) assessed based on how the Oil Refining market is predicted to grow in major regions like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Others.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Oil Refining market.
Chapter 2: Evaluating the leading manufacturers of the global Oil Refining market which consists of its revenue, sales, and price of the products.
Chapter 3: the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting global Oil Refining market by regions, market share and revenue and sales for the projected period.
Chapters 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
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