The refined petroleum products manufacturing market comprise companies that convert crude petroleum to refined petroleum products such as gasoline, naptha, diesel fuel and liquefied petroleum gas and then sell these refined products.
The top five companies covered are Royal Dutch Shell, Exxon Mobil Corporation, Sinopec Limited, BP Plc, and Chevron. Royal Dutch Shell was the largest company in the refined petroleum products manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Refined Petroleum Products Manufacturing Global Market Size
The global refined petroleum products manufacturing market was valued at nearly $2 trillion in 2017. Asia Pacific was the largest region in the refined petroleum products manufacturing market in 2017, accounting for over 36% of the total market. The USA was the largest country in the market in 2017, accounting for around 19% of the total market.
Refined Petroleum Products Manufacturing Global Market Trend
Refineries are increasingly adopting carbon capture and storage techniques to reduce CO2 emission levels in the atmosphere. This technique involves trapping of CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured. This way CO2 is isolated from the atmosphere, thereby reducing emission levels.
Refined Petroleum Products Manufacturing Global Market Segmentation
The refined petroleum products manufacturing market is segmented into Diesel, Gasoline, Fuel Oil, and Kerosene.
Diesel is a refined fuel used in diesel engines found in most trucks, trains, buses, boats, and generators.
Gasoline is a mixture of hydrocarbons derived from crude oil and is primarily used internal combustion engines such as in motorcycles, automobiles, and small trucks.
Fuel oil consists of residues from crude oil refining and gas oil fractions. It is mainly used in ship boilers and industries such as steel manufacturing.
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.