Dublin, Feb. 26, 2026 (GLOBE NEWSWIRE) — The “Refined Petroleum Products Market Report 2026” has been added to ResearchAndMarkets.com’s offering.
The refined petroleum products market has steadily expanded, growing from $3.12 trillion in 2025 to an expected $3.89 trillion by 2030, with a CAGR of 4.6%. This growth is fueled by increasing demand for transportation fuels, refining capacity expansion, rising industrial energy consumption, urbanization, and global trade dynamics. The refined petroleum market is driven by emerging trends like cleaner fuel specifications, refinery process optimization, and petrochemical integration.
Crude oil demand is a significant catalyst for market growth. According to the U.S. Energy Information Administration (EIA), global petroleum production is set to increase by 2 million barrels per day in 2025. Non-OPEC+ countries will contribute 1.4 million barrels daily, with OPEC+ adding 0.7 million barrels following output adjustments. This heightened demand propels the refined petroleum market forward.
The engine oils segment is witnessing innovation with the inclusion of re-refined base oils (RRBOs), promoting sustainability and engine protection. For example, Castrol Limited unveiled the Renault Castrol GTX in December 2025, featuring RRBOs to enhance fuel efficiency and reduce emissions while supporting sustainability efforts.
Strategic acquisitions are bolstering market positions. In September 2025, Phillips 66 acquired full ownership of WRB Refining LP for $1.4 billion, enhancing its refining capacity and operational synergies by securing key assets and expanding its footprint in the U.S. market.
The refined petroleum products market features prominent companies such as Saudi Aramco, Exxon Mobil, Chevron, Valero Energy Corp, Marathon Petroleum, and Total SA among others. Regional market strength is most notable in Asia-Pacific, followed by Western Europe, with significant activity in China, India, the USA, and Brazil.
Leading in diesel, jet fuel, liquid petroleum gases, and asphalt sales, this market consists of ‘factory gate’ sales values, including related services. These values represent revenues gained from direct sales within specified markets, exclusive of resales or supply chain revenue redistribution. Thus, the market is defined by its sales, grants, or donations revenue streams within the geographical context, predominantly measured in USD.
Overall, the refined petroleum products market is poised for robust growth driven by global demand, innovation in engine oils, strategic partnerships, and acquisitions, underpinning its trajectory through 2030. As companies navigate stringent emission norms and invest in modernization and technological advances, the market’s value and impact are set to rise significantly.
Why Purchase This Report?
- Acquire a global view with inclusive market coverage.
- Assess macro factors like geopolitical influences, trade policies, inflation, and regulatory changes.
- Develop localized strategies with regional data.
- Identify investment-ready growth segments.
- Outpace competitors using detailed forecasts and market drivers.
- Gain insight into consumer needs via end-user analysis.
- Benchmark against competitors on market share and innovation.
- Measure potential with TAM and market attractiveness scores.
- Receive a thorough report updated with the latest data, alongside an Excel data sheet for ease of analysis.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026 – 2030 |
| Estimated Market Value (USD) in 2026 | $3.25 Trillion |
| Forecasted Market Value (USD) by 2030 | $3.89 Trillion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Key Technologies & Future Trends
- Sustainability, Climate Tech & Circular Economy
- Industry 4.0 & Intelligent Manufacturing
- Electric Mobility & Transportation Electrification
- Digitalization, Cloud, Big Data & Cybersecurity
- Internet of Things (IoT), Smart Infrastructure & Connected Ecosystems
- Cleaner Fuel Specifications Adoption
- Refinery Process Optimization
- Rising Middle Distillate Demand
- Integration of Petrochemical Feedstocks
- Operational Efficiency Improvements
Companies Featured
- Saudi Aramco
- Exxon Mobil
- Chevron
- Valero Energy Corp
- Marathon Petroleum Corporation
- Total SA
- PJSC Lukoil
- BP Plc
- Royal Dutch Shell
- Petroleo Brasileiro SA Petrobras
- Orlen Poludnie S A
- Freudenberg & Co. Kommanditgesellschaft
- Consumers’ Co-operative Refineries Limited
- YPF
- TechnipFMC
- China National Petroleum Corporation
- Ecopetrol
- Unipec U.K. Co. Limited
- IKO Industries Ltd
- Inpex Corporation
- Sinopec
- GTI Statia Terminals N.V.
- National Iranian Oil Company
- Suncor Energy Inc
- Shaanxi Yanchang Petroleum
- ArcelorMittal Poland S A
- PDVSA
- Sinochem Group
- China National Offshore Oil Corporation
- Kuwait Petroleum Corporation
- Eneos Holdings
- Reliance Petroleum Ltd
- Sasol Oil
- Phillips 66(US)
- PetroSA
- Engen Petroleum
- Baker Hughes
- Indian Oil Corporation Limited
- Abu Dhabi National Oil Company
- Oil and Natural Gas Corporation
- Cenovus Energy Inc
- Astron Energy
- Global Oil Engineering AG
- Polski Koncern Naftowy Orlen S A
- Subsea 7
For more information about this report visit https://www.researchandmarkets.com/r/onb03n
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- Refined Petroleum Products Market
