Learn about the global refined petroleum products market through The Business Research Company, which provides information on refined petroleum products market size, refined petroleum products market drivers and restraints, refined petroleum products market players, the COVID-19 impact on the refined petroleum products market, and more.

The global refined petroleum products market size is expected to grow from $2,311.84 billion in 2021 to $2,614.48 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The refined petroleum product market is expected to reach $4,171.34 billion in 2026 at a CAGR of 12.4%.

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The refined petroleum products market consists of sales of refined petroleum products by entities (organizations, sole traders or partnerships) that convert crude petroleum to refined petroleum products such as gasoline, naphtha, diesel fuel and liquefied petroleum gas and then sell these refined products. Petroleum refineries are large industrial complexes with extensive pipeline networks carrying crude oil and refined petroleum products between sub processing units. Revenues in this market represent the value of the different refined petroleum products.

Global Refined Petroleum Products Market Segments Include:
By Type: Diesel, Gasoline, Fuel Oil, Kerosene, Other Refined Petroleum Products

By Fraction: Light Distillates, Middle Distillates, Heavy Oils

By Refinery Type: Integrated Refined Petroleum Product, Non-Integrated Refined Petroleum Product

By Application: Fuel, Chemical, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the refined petroleum products market in 2021.

To reduce the pollution levels, companies have started adopting the gas to liquid technology which produces high quality petroleum products. The gas to liquid technology is the conversion of natural gas to high quality liquid products such as transportation fuels, motor oils, naphtha, diesel and waxes. This technology uses natural gas as a substitute to crude oil as gas is considered to be the cleanest burning fossil fuel and is abundant, versatile and easily affordable. The by- products obtained by using the GTL technology are colourless, odourless and contain negligent amounts of impurities.

TBRC’s refined petroleum products market report covers:

Major Market Players: Royal Dutch Shell, BP plc, Exxon Mobil, PJSC Lukoil, Chevron, Total SA, Marathon Petroleum Corporation, Valero Energy Corp, Saudi Aramco, and Bharat Petroleum Corporation Limited.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Refined Petroleum Products Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides refined petroleum products market overviews, analyzes and forecasts market size, share, refined petroleum products market players, refined petroleum products market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s refined petroleum products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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