Amid the Decreasing Demand for Some Refined Products, Global Refining Hubs are Focusing on Increasing their Margins by Upgrading their Refineries
The global refining industry is currently going through an overhaul, with the focus shifting from the west to the east. The epicenter of the refining industry will be moving towards the Asia-Pacific, with China and India as the front runners in the export-oriented market.
The study aims to analyze and forecast the global refining market, as well as the trends and opportunities for 2017.
Research Scope: • Market trends (current refining capacity, demand analysis for refined products, refinery margins, mew capacity additions) • Regional trends (Europe, North America, China, Middle East, Africa, India) • Capacity net utilization, refinery margins, new capacity additions, capacity expansions of existing refineries, and operations and maintenance investments are analysed for various regions • Key opportunities for regions with high growth potentials based on their investment strategies
Market measurements are analyzed from 2013 to 2023 with 2016 as the base year. Global refining demand is analyzed based on the product segment (mainly light, medium, and heavy products) and their year-on-year growth rates. Regional demand for these products is also analyzed to give a global perspective. Growth of refined products in the end-user segment has also been discussed to understand the consumption pattern during the forecast period.
The supply side analysis is done through global capacity addition and its year-on-year growth rate. Region-wise net capacity addition was used to carry out the forecast for 2023. Growth opportunities in new capacity additions are compared for OECD and non-OCED countries. Regulations and changes in crude oil qualities are forcing refiners to either shutdown or upgrade their refineries to meet the new standards. The study also covers trends, strategies, and technologies adopted by various regions to overcome these challenges.
The study discusses the investment required for refineries in various regions and the key high valued projects, which would change the face of refining industry in those regions. Finally, the study covers the current and future net utilization of the refineries in all the regions, based on the capacity and annual throughput.
Key Questions this Study will Answer: 1. What is the status of the global refining industry? Which are the emerging regions for the refining industry? 2. What are the current capacities of refineries across the globe? Which are the regions where new capacity additions are taking place? 3. How does a refinery margin effect the operations of refineries? What are some of the regional trends in refining margin? 4. Where is the new capacity addition taking place (primary units versus secondary units)? 5. What are the investment trends in the global refining industry? Which are the key segments where this capital expenditure is invested?
Our reports have been used by over 10K customers, including:
186 pages •
By Global Industry Analysts
• Apr 2021
- Global Refined Petroleum Products Market to Reach $3.1 Trillion by 2027
- Amid the COVID-19 crisis, the global market for Refined Petroleum Products estimated at US$2.1 Trillion in the year 2020, is projected to reach a revised size of US$3.1 Trillion by 2027, growing at a CAGR of 5.5% over the analysis...
120 pages •
By Infiniti Research Limited
• Mar 2021
Global Electric Three-Wheeler Market 2021-2025 The analyst has been monitoring the electric three-wheeler market and it is poised to grow by 306.00 th units during 2021-2025 progressing at a CAGR of 7% during the forecast period. Our report on electric three-wheeler market provides a holistic analysis, market size and forecast,...
251 pages •
By Asia Market Information & Development Company
• Mar 2021
China’s demand for Antioxidants has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
300 pages •
By The Business Research Company
• Jan 2021
Major companies in the refined petroleum products market include Royal Dutch Shell; Exxon Mobil Corporation; Sinopec Limited; BP Plc and Chevron. The global refined petroleum products market is expected to grow from $1787.99 billion in 2020 to $2226.49 billion in 2021 at a compound annual growth rate (CAGR) of 24.5%. The growth is mainly...
400 pages •
By The Business Research Company
• Jan 2021
Major companies in the oil downstream products market include Royal Dutch Shell; Exxon Mobil Corporation; China Petroleum & Chemical Corporation; BP Plc and Chevron. The global oil downstream products market is expected to grow from $2042.01 billion in 2020 to $2534.61 billion in 2021 at a compound annual growth rate (CAGR) of 24.1%....
The MEA offshore pipeline market is expected to grow from US$ 1,399.63 million in 2019 to US$ 1,680.77 million by 2027; it is estimated to grow at a CAGR of 2.5 % from 2020 to 2027. Continuous improvements in flexible pipe technology accelerate the growth of the MEA offshore pipeline market. The offshore oil & gas industry for MEA region has...
The global ammonia market is expected to record a value of US$74.61 billion, growing at a CAGR of 5.59%, for the time period of 2021-2025. The factors such as growing demand for nitrogen, growing potentials of green ammonia as marine fuel, increasing demand for urea, increasing use of margarine, expansion of explosive industry and increasing...
Global Liquids Storage Industry Outlook to 2025 - Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Terminals Summary The global liquids storage capacity increased from 1,224,210 mcm in 2015 to 1,372,770 mcm in 2020 at an AAGR of 2.3 percent. It is expected to increase...
Phillips 66 - Enterprise Tech Ecosystem Series
Phillips 66 is an energy manufacturing and logistics company that operates through four business segments, namely, Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).It gathers, processes, transports, stores, and markets natural...
The APAC offshore pipeline market is expected to grow from US$ 2,188.82 million in 2019 to US$ 2,761.26 million by 2027; it is estimated to grow at a CAGR of 3.2 % from 2020 to 2027. New oil and gas reserves detection and discovery across APAC drive the growth of the APAC offshore pipeline market.In September 2020, Equinor—an energy company—announced...
Research And Development
Natural Gas Production
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.