Global Refining Market to Surpass $7 Trillion by 2024

Global Market Insights, Inc., July 12, 2018

According to a report recently released by Global Market Insights, Inc., the global oil refining market is poised to cross USD $7 trillion by 2024. The study points out changing demographics, growing population and improvement in living standards across developing nations as some of factors positively influencing the industry landscape. Moreover, increasing disposable income owing to rapid urbanization will further fortify the affordability and accessibility of refined products. In addition, increasing investment toward refurbishing, upgrading, and expanding existing refinery facilities will propel the oil refining market growth. 

To read a summary of the report or purchase the full report, visit


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