The worldwide oil refining market was valued at some 1.5 trillion U.S. dollars in 2024. 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 and 2024, with a forecast for 2034
(in billion U.S. dollars)
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EMR. (January 17, 2025). Market size of the crude oil refining industry worldwide in 2023 and 2024, with a forecast for 2034 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 07, 2025, from https://www.statista.com/statistics/1445598/global-oil-refining-market-size-forecast/
EMR. "Market size of the crude oil refining industry worldwide in 2023 and 2024, with a forecast for 2034 (in billion U.S. dollars)." Chart. January 17, 2025. Statista. Accessed May 07, 2025. https://www.statista.com/statistics/1445598/global-oil-refining-market-size-forecast/
EMR. (2025). Market size of the crude oil refining industry worldwide in 2023 and 2024, with a forecast for 2034 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 07, 2025. https://www.statista.com/statistics/1445598/global-oil-refining-market-size-forecast/
EMR. "Market Size of The Crude Oil Refining Industry Worldwide in 2023 and 2024, with a Forecast for 2034 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Jan 2025, https://www.statista.com/statistics/1445598/global-oil-refining-market-size-forecast/
EMR, Market size of the crude oil refining industry worldwide in 2023 and 2024, with a forecast for 2034 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1445598/global-oil-refining-market-size-forecast/ (last visited May 07, 2025)
Market size of the crude oil refining industry worldwide in 2023 and 2024, with a forecast for 2034 (in billion U.S. dollars) [Graph], EMR, January 17, 2025. [Online]. Available: https://www.statista.com/statistics/1445598/global-oil-refining-market-size-forecast/
