The kerosene refining market engages in the extraction of kerosene products from crude petroleum products. Kerosene is derived from petroleum and is used to fuel rocket engines, lighting fuel, and in industries such as chemicals and agriculture. It is also widely used as jet fuel to power aircrafts.
Kerosene Global Market Size
The global kerosene market was valued at $149 billion in 2017. Asia Pacific was the largest geographic region accounting for $54.3 billion or 36.4% of the global market. The USA was the largest country accounting for $27.6 billion or 18.5% of the global kerosene market.
Kerosene Global Market Trend
Refining companies are using heat-integrated crude oil distillation systems with latest optimization approach to minimize operating costs and maximize product yields. These systems use artificial neural networks from rigorous process simulation in the distillation process. i-Heat™ is the latest software tool from Process Integration Limited which is used for performance analysis and identifies where energy and capacity improvements can be made.
The companies covered are Royal Dutch Shell, Exxon Mobil Corporation, BP Plc, Chevron, and LUKOIL PJSC.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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