LONDON, June 14, 2022 (GLOBE NEWSWIRE) -- The refining capacity is projected to grow at an AAGR of more than 2% from 2021 to 2026. The US, China, Russia, India, and South Korea are the major countries that accounted for more than 47% of the total refining capacity of the world in 2021. Paraguana (Venezuela), Ulsan (South Korea), Ruwais (United Arab Emirates), Yeosu (South Korea), and Dayushan Island (China) are the largest refineries in the world in terms of refining capacity in 2021.
The Refining Industry Installed Capacity and Capital Expenditure (CapEx) Market Forecast Report, 2022-2026 offered by GlobalData Plc provides a comprehensive overview of the global crude oil refining industry. The report provides refinery details such as the refinery name, country, and refinery operator name, with in-depth coverage of crude distillation unit or, CDU capacity and other major unit capacities for all active, and new-build (planned and announced) refineries. The report also provides global and regional refinery capital expenditure outlook by key countries, year on year, till 2026. It provides a comparison of key countries based on contribution to global as well as regional refining capacities. Furthermore, the report offers recent developments and the latest contracts awarded in the refining industry across different regions.
For more global refining industry forecast, download a free report sample
Refining Industry Segmentation by Unit
- Refining unit
- Crude distillation unit
- Condensate splitter unit
- Coking unit
- Catalytic cracker unit
- Hydrocracking unit
For more insights on refining industry capacity, download a free report sample
Refining Industry Segmentation by Region
- Africa
- Asia
- The Caribbean
- Central America
- Europe
- The Middle East
- North America
- The Former Soviet Union
- Oceania
- South America
China, India, South Korea, Japan, and Singapore are the major countries in Asia in terms of refining capacity. Ulsan (South Korea), Yeosu (South Korea), and Dayushan Island (China) are the major refineries in the region.
Global Refining Industry Analysis by Regions
For more regional insights, download a free report sample
Major Planned and Announced Refineries
- Lagos I, Nigeria
- Al-Zour, Kuwait
- Coega, South Africa
- Yulong, China
- Jieyang, China
- Siraf, Iran
- Dos Bocas, Mexico
- Gulei, China
- Lianyungang I, China
- Tianjin II, China
To know more about top planned and announced refineries, download a free report sample
Refining Market Overview
| Market size 2021 | 107,568 mbd |
| AAGR (2021-2026) | >2% |
| Forecast Period | 2022-2026 |
| Major Planned and Announced Projects | Lagos I, Al-Zour, Coega, Yulong, Jieyang, Siraf, Dos Bocas, Gulei, Lianyungang I, and Tianjin II |
| Refinery Units | Refining Unit, Crude Distillation Unit, Condensate Splitter Unit, Coking Unit, Catalytic Cracker Unit, and Hydrocracking Unit |
| Key Regions | Africa, Asia, Caribbean, Central America, Europe, Middle East, North America, the Former Soviet Union, Oceania, and South America |
Global Refining Market Report Scope
- Updated information on all active and upcoming (planned and announced) refineries globally.
- Provides key details such as refinery name, operator name, refinery type, and status for all active, suspended, planned, and announced refineries in a country.
- Provides an annual breakdown of new-build and expansion capital expenditure outlook by region and by key countries for the period 2022–2026.
- Latest developments and contracts related to a refinery, at the regional level, wherever available
Reasons to Buy
- Obtain the most up-to-date information available on all active, suspended, planned, and announced refineries globally
- Identify growth segments and opportunities in the refining industry
- Facilitate decision making based on strong refinery capacity data
- Assess your competitor’s refinery portfolio
FAQs
What was the global refining capacity in 2021?
The global refining capacity was 107,568 mbd in 2021.
What is the global refining capacity growth rate?
The global refining industry is projected to grow at an AAGR of more than 2% from 2021 to 2026.
What are the major planned and announced projects in the global refining industry?
The major planned and announced projects in the global refining industry are Lagos I, Al-Zour, Coega, Yulong, Jieyang, Siraf, Dos Bocas, Gulei, Lianyungang I, and Tianjin II.
What are the key types of refinery units?
The key types of refinery units are refining unit, crude distillation unit, condensate splitter unit, coking unit, catalytic cracker unit, and hydrocracking unit.
Which are the key regions in the global refining industry?
The key regions in the global refining industry are Africa, Asia, the Caribbean, Central America, Europe, the Middle East, North America, the Former Soviet Union, Oceania, and South America.
Related Reports
- Refinery Coking Units Market Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026 – Click here
- Refinery Crude Distillation Units (CDU) Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026 – Click here
- Refinery Condensate Splitter Units Market Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026 – Click here
- Refineries Capacity and Capital Expenditure Outlook, 2022-2026 – Click here
- Digitalization in Oil and Gas - Thematic Research – Click here
- Oil and Gas Sector Strategies for Electric Vehicles (EV) – Click here
About us
GlobalData is a leading provider of data, analytics, and insights on the world's largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision makers to predict and navigate the future. This is why GlobalData's mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.
Media Contacts
GlobalData
Mark Jephcott
Head of PR EMEA
mark.jephcott@globaldata.com
cc: pr@globaldata.com
+44 (0)207 936 6400
