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.
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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 ÌÇÐÄÆƽâ°æ. Retrieved July 23, 2026, from /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. ÌÇÐÄÆƽâ°æ. Accessed July 23, 2026. /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). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 23, 2026. /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)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 17 Jan 2025, /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) ÌÇÐÄÆƽâ°æ, /statistics/1445598/global-oil-refining-market-size-forecast/ (last visited July 23, 2026)
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: /statistics/1445598/global-oil-refining-market-size-forecast/
