Oil Refining Market: Consolidation Could Become More Important Than...

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2026-09-04 09:34:36 -

Oil Refining Market: Consolidation Could Become More Important Than Capacity Growth

The oil refining market doesn't move like the technology markets dominating today's headlines — no triple-digit growth rates, no breathless disruption narrative. It's a USD 624.9 billion market in 2025, growing to USD 637.4 billion in 2026 and USD 773.2 billion by 2033, at a modest 2.8% CAGR. But modest growth on a base this large still represents roughly USD 150 billion of...

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