According to the business intelligence report titled ‘Global Petroleum Refining Products Market - Analysis By Refining Product, End-User, By Region, By Country: Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global petroleum refining products market was worth USD 6746.37 million in 2019 and is predicted to amass substantial gains over the forecast period of 2020-2025.
 

As per the report findings, increasing investments towards refurbishment, expansion, and upgradation of existing refineries, coupled with growing focus towards reducing the dependency on import products are augmenting global petroleum refining products market size.
 

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Moreover, establishment of numerous green-field as well as brown-field petroleum refineries, technological advancements, and strategic collaborations among players are adding substantial traction to the industry expansion. 
 

Additionally, escalating sales and production of vehicles along with growing population have impelled the demand for petro-products, which in turn is stimulating global petroleum refining products market outlook.
 

The business analysis of global petroleum refining products market provides critical data relevant to the various growth catalysts, lucrative opportunities, limitations, and challenges prevailing in this industry vertical. It also incorporates a detailed investigation of the current trends as well as historic records in order to unearth the yearly growth rate of the market over the forecast period of 2020-2025.
 

With that being said, the study also highlights various market segments including product terrain, end-user landscape, and regional outlook.
 

Speaking of product terrain, the industry vertical is categorized into fuel oil, naphtha, diesel/gasoil, jet/kerosene, gasoline, and ethane & LPG among others. With regards to end-user landscape, petroleum refining products are extensively utilized for transportation and logistics applications.
 

Elaborating on geographical reach, Asia-Pacific captured 36.8% of global petroleum refining products market share and is slated to experience considerable expansion through 2025, owing to commencement of several refinery projects, mainly in India and China.
 

Exxon Mobil Corporation, Chevron Corporation, ConocoPhillips, Royal Dutch Shell plc, SK Innovation Co. Ltd., BP plc (formerly British Petroleum Co plc), Total SE, S-Oil Corp., and China National Petroleum Corporation (CNPC) are the prominent organizations influencing global petroleum refining products industry trends.