Oil Refining Market trends research and projections for 2018 – 2024 - PowerPoint PPT Presentation

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Oil Refining Market trends research and projections for 2018 – 2024


The global Oil Refining Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers. – PowerPoint PPT presentation

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Title: Oil Refining Market trends research and projections for 2018 – 2024

Oil Refining Market trends research and
projections for 2018 2024
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.

  • 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
  • Reasons to Buy This Report
  • 1. Oil Refining Market size share
    forecast by product application, 2018-2024
  • 2. Growth drivers, pitfalls industry
  • 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

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