Oil Refining Market trends research and projections for 2018 – 2024

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Oil Refining Market trends research and
projections for 2018 2024
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Global Market Scenario of Oil Refining Industry

• Oil refining market has consistently been in a
  state of flux since the past few years.
  Continuous profiling of environmental
  regulations, fluctuating natural gas price
  trends, and sharp decline in crude oil price are
  some of the major determinants influencing the
  commercialization potential of this marketplace.
  It was in the period 2008-2009, post the economic
  crisis, when the industry faced a severe gap in
  the supply demand trends. While the global demand
  for oil products observed a severe downturn,
  refining capacities continued to grow at a
  considerable pace.
• In the face of this sheer dichotomy of growing
  overcapacity and descending pressure on
  utilization, oil refining industry players were
  prompted to bring a consequential transformation
  in the operational model. This in effect, has
  significantly improved the financial dynamics of
  oil refining industry which pegged a valuation of
  USD 6 trillion in 2017.
• Asia Pacific has become the nerve center for the
  growth of global oil refining market demand,
  primarily led by emerging nations like China and
  India. The economic growth in these regions has
  had a linear impact on the demand for light
  products like diesel and gasoline.

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• Another vital trend fueling the growth of oil
  refining market is the robust investment in
  construction of new oil refineries as well as
  upgradation of the existing ones across the
  world. Recently, a Chinese investment firm
  announced to invest approximately USD 2 billion
  for the construction of a new oil refinery in the
  Northern Iranian province of Mazandaran. It is
  prudent to mention that Chinese and Russian oil
  giants of late, have been increasingly investing
  in Iran oil refining market, in a bid to actually
  benefit from U.S. withdrawal from Iran nuclear
  deal.
• Reasons to Buy This Report
• 1. Oil Refining Market size share
  forecast by product application, 2018-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Oil Refining Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• The oil refining industry is indeed replete with
  many such investments that are anticipated to
  enhance the business outlook over the forthcoming
  years. Just few months back, Saudi Aramco, one of
  the phenomenal oil industry giants made its way
  to the frontpage with its announcement of
  investing around USD 44 billion in constructing
  integrated refinery complex in India.
• Ongoing sustainability measures is yet another
  prominent factor underling the expansion graph of
  oil refining industry. Emission abatement
  targets, in particular, have had a considerable
  influence of the regional business trends,
  especially in the road transport and aviation
  sectors.

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Research Methodology
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