Market Overview:
The global refined petroleum market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy and chemical products, especially in developing countries. In terms of type, gasoline is expected to be the fastest-growing segment during the forecast period, followed by kerosene and lubricating oil. The application segments that are expected to witness highest growth include energy and chemical industry.
Product Definition:
Refined petroleum is a type of oil that has been processed to remove impurities. It is used as a fuel for cars, trucks, and other vehicles, as well as in heating and cooling systems.
Gasoline:
Gasoline is a refined petroleum product that is produced from the distillation of crude oil. It consists of alkanes and alkenes. The most common types of gasoline are regular, diesel, jet-fuel, and biofuel. Gasoline can be used as an energy source in vehicles and machines like generators for power generation purposes or to run devices like cars & trucks or ships & planes for transportation purpose.
Kerosene:
Kerosene is a colorless, viscous liquid derived from crude oil. It is primarily used as a fuel in diesel engines. Kerosene’s chemical formula is C24H42 and its molecular weight is 144.2.
Application Insights:
The global refined petroleum market is segmented by application into energy, chemical industry and other applications including pharmaceuticals, food processing and cosmetics. The energy segment accounted for the largest share in 2017 owing to growing demand for gasoline and other fuel products in automobiles across the globe. Petroleum coke is a refinery byproduct which has high carbon content; this material when mixed with coal to generate electricity is called petcoke.
Petroleum coke has properties similar to those of coking coal; it can be used as an alternative fuel in power generation plants along with natural gas or coal due to its low sulfur content making it suitable for use within the European Union (EU). Growing demand from power generation plants across China, India & South Korea will drive growth over next few years. However, increasing concerns regarding air pollution levels caused due petcoke combustion will restrict its usage thereby affecting overall market growth negatively.
Regional Analysis:
Asia Pacific is expected to witness the fastest growth over the forecast period owing to increasing demand for petroleum products in emerging economies, such as China and India. In addition, growing automotive industry in these countries will drive product consumption further. Asia Pacific accounted for approximately 45% of global refined petroleum product consumption in 2016 and is projected to grow at an estimated CAGR of XX% from 2017 to 2030.
North America was one of the largest consumers of crude oil globally with a share exceeding 25%. The region has been witnessing continuous fall in its production since 2014 on account rising costs associated with exploration activities coupled with low availability of shale gas reserves within this region.
Growth Factors:
- Increasing demand for petroleum products from developing countries
- Rising demand for transportation fuels, petrochemicals and other refined petroleum products
- Growing investments in refinery infrastructure and modernization projects
- Proliferation of new technologies and product innovations
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
Refined Petroleum Market Research Report
By Type
Gasoline, Kerosene, Lubricating Oil, Other
By Application
Energy, Chemical Industry, Other
By Companies
Exxon Mobil, Valero Energy, Marathon Petroleum, Chevron, Phillips 66, Andeavor, BP, Air Products, BHP Billiton, FMC Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Refined Petroleum Market Report Segments:
The global Refined Petroleum market is segmented on the basis of:
Types
Gasoline, Kerosene, Lubricating Oil, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy, Chemical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exxon Mobil
- Valero Energy
- Marathon Petroleum
- Chevron
- Phillips 66
- Andeavor
- BP
- Air Products
- BHP Billiton
- FMC Technologies
Highlights of The Refined Petroleum Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gasoline
- Kerosene
- Lubricating Oil
- Other
- By Application:
- Energy
- Chemical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refined Petroleum Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refined petroleum is a refined product made from crude oil. It can be used as an energy source, lubricant, and plasticizer.
Some of the major companies in the refined petroleum market are Exxon Mobil, Valero Energy, Marathon Petroleum, Chevron, Phillips 66, Andeavor, BP, Air Products, BHP Billiton, FMC Technologies.
The refined petroleum market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refined Petroleum Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Refined Petroleum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refined Petroleum Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Refined Petroleum Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Refined Petroleum Market Size & Forecast, 2018-2028
4.5.1 Refined Petroleum Market Size and Y-o-Y Growth
4.5.2 Refined Petroleum Market Absolute $ Opportunity
Chapter 5 Global Refined Petroleum Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Refined Petroleum Market Size Forecast by Type
5.2.1 Gasoline
5.2.2 Kerosene
5.2.3 Lubricating Oil
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Refined Petroleum Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Refined Petroleum Market Size Forecast by Applications
6.2.1 Energy
6.2.2 Chemical Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refined Petroleum Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Refined Petroleum Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Refined Petroleum Analysis and Forecast
9.1 Introduction
9.2 North America Refined Petroleum Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Refined Petroleum Market Size Forecast by Type
9.6.1 Gasoline
9.6.2 Kerosene
9.6.3 Lubricating Oil
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Refined Petroleum Market Size Forecast by Applications
9.10.1 Energy
9.10.2 Chemical Industry
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Refined Petroleum Analysis and Forecast
10.1 Introduction
10.2 Europe Refined Petroleum Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Refined Petroleum Market Size Forecast by Type
10.6.1 Gasoline
10.6.2 Kerosene
10.6.3 Lubricating Oil
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Refined Petroleum Market Size Forecast by Applications
10.10.1 Energy
10.10.2 Chemical Industry
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Refined Petroleum Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Refined Petroleum Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Refined Petroleum Market Size Forecast by Type
11.6.1 Gasoline
11.6.2 Kerosene
11.6.3 Lubricating Oil
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Refined Petroleum Market Size Forecast by Applications
11.10.1 Energy
11.10.2 Chemical Industry
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Refined Petroleum Analysis and Forecast
12.1 Introduction
12.2 Latin America Refined Petroleum Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Refined Petroleum Market Size Forecast by Type
12.6.1 Gasoline
12.6.2 Kerosene
12.6.3 Lubricating Oil
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Refined Petroleum Market Size Forecast by Applications
12.10.1 Energy
12.10.2 Chemical Industry
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Refined Petroleum Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Refined Petroleum Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Refined Petroleum Market Size Forecast by Type
13.6.1 Gasoline
13.6.2 Kerosene
13.6.3 Lubricating Oil
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Refined Petroleum Market Size Forecast by Applications
13.10.1 Energy
13.10.2 Chemical Industry
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Refined Petroleum Market: Competitive Dashboard
14.2 Global Refined Petroleum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil
14.3.2 Valero Energy
14.3.3 Marathon Petroleum
14.3.4 Chevron
14.3.5 Phillips 66
14.3.6 Andeavor
14.3.7 BP
14.3.8 Air Products
14.3.9 BHP Billiton
14.3.10 FMC Technologies
