The worldwide oil refining market was valued at some 1.5 trillion U.S. dollars in 2023. Crude refining is expected to grow in the coming decade as demand for transportation fuels, lubricants, and other petroleum products is set to increase further.
Market size of the crude oil refining industry worldwide in 2023, with a forecast for 2032
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
EMR. (January 17, 2024). Market size of the crude oil refining industry worldwide in 2023, with a forecast for 2032 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1445598/global-oil-refining-market-size-forecast/
EMR. "Market size of the crude oil refining industry worldwide in 2023, with a forecast for 2032 (in billion U.S. dollars)." Chart. January 17, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1445598/global-oil-refining-market-size-forecast/
EMR. (2024). Market size of the crude oil refining industry worldwide in 2023, with a forecast for 2032 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1445598/global-oil-refining-market-size-forecast/
EMR. "Market Size of The Crude Oil Refining Industry Worldwide in 2023, with a Forecast for 2032 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1445598/global-oil-refining-market-size-forecast/
EMR, Market size of the crude oil refining industry worldwide in 2023, with a forecast for 2032 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1445598/global-oil-refining-market-size-forecast/ (last visited November 10, 2024)
Market size of the crude oil refining industry worldwide in 2023, with a forecast for 2032 (in billion U.S. dollars) [Graph], EMR, January 17, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1445598/global-oil-refining-market-size-forecast/
