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Refined Petroleum Products Market Insights 2023, Industry Overview, Growth Factors And Trends Forecast To 2032| Saudi Aramco, Exxon Mobil, Chevron, Valero Energy Corp
Refined Petroleum Products Market
The Business Research Company's latest "Global Refined Petroleum Products Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry
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The global refined petroleum market reached a value of nearly $2,518.45 billion in 2022, having grown at a compound annual growth rate (CAGR) of 6.1% since 2017. The market is expected to grow from $2,518.45 billion in 2022 to $3,120.30 billion in 2027 at a rate of 4.4%. The market is then expected to grow at a CAGR of 4.0% from 2027 and reach $3,795.85 billion in 2032.
Refined petroleum products refer to any form of oil and gaseous liquids that are manufactured after processing and refining crude oil. Refined petroleum products have different physical and chemical properties depending on the kind of crude oil and the subsequent refining procedures.
Refined petroleum products manufacturers are focusing on product innovations and developing new product solutions to strengthen their position in the market. For example, in March 2022, Renewable Energy Group Inc, a US-based biodiesel production company, announced the introduction of a line of branded fuel solutions, EnDura Fuels™. This branded product launch supports Renewable Energy Group's ongoing efforts to help the transport industry meet its sustainability and business growth objectives, while strengthening the Company's position in the marketplace. The EnDura Fuels™ line consists of five bio-based diesel fuels including Renewable Energy Group's newest product, PuriD™, a next-generation biodiesel. It exceeds industry quality standards and enables customers to blend PuriD™ into renewable diesel at virtually any level and utilize higher biodiesel blends with petroleum diesel year-round. These solutions are helping the trucking, rail, marine, aviation and other industries meet their sustainability targets through cleaner burning, lower emission fuels.
Refined Petroleum Products Market Segmentation:
By Type: Diesel, Gasoline, Fuel Oil, Kerosene.
By Fraction: Light Distillates, Middle Distillates, Heavy Oils.
By Refinery Type: Integrated Refined Petroleum Refineries, Non-Integrated Refined Petroleum Refineries.
By Application: Fuel, Chemicals.
Some of the key players involved in the Refined Petroleum Products market are Saudi Aramco, Exxon Mobil, Chevron, Valero Energy Corp, Marathon Petroleum Corporation.
The regions covered in the global Refined Petroleum Products market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A Few Points From The Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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16. Western Europe Market
17. Eastern Europe Market
18. North America Market
19. South America Market
20. Middle East Market
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