Overview

IBISWorld’s Oil & Petroleum Refining market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

In China, several sectors, including the energy, machinery manufacturing, electricity, chemicals and metallurgy sectors, have gradually overcapacity in recent years. As a result, demand for crude oil and finished oils, including heating oil and diesel fuel, has been fluctuate over the past five years. The strong performance of the auto sector, in particular, has added to the national oil consumption on a substantial scale and made it a significant driver of growth for the Oil and Petroleum Refining industry in China, especially from 2011 to 2013. However, the slowdown in economic growth and decreasing price and demand of crude oil affected the sustainable and rapid revenue growth over the past three years. Industry revenue has been declining at an annualized rate of 3.1%...

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Industry Report - Industry SWOT Analysis Chapter

The Crude Oil and Petroleum Product Processing industry in China is in the growth phase of its life cycle. Industry value-added in the ten years to 2021 is expected to grow 4.8% annually on average, a little slower than GDP growth (6.5%) over the same period. The industry is transitioning from the growing stage to mature stage. High growth in 2011 was due to higher costs derived from the purchase of crude oil and the controlled prices of petroleum products in the domestic market. Since the government reformed prices and taxes of finished oil in 2009, the excise value from this industry and total industry profit surged.

Price increases are controlled by the Chinese government, which limits revenue and profit growth for the industry's major companies. Hig..

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Additional Insights for the Oil & Petroleum Refining Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil & Petroleum Refining Industry are

  • Economies of scale
  • Ability to take advantage of government subsidies and other grants
  • Ability to negotiate successfully with regulators
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Domestic Goods Prices - Petroleum - Gasoline (Retail) in the Oil & Petroleum Refining industry impact industry performance..

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    Industry Products

    What is the Oil & Petroleum Refining Industry?

    The Oil and Petroleum Refining industry in China refines oils and produces petroleum products. The industry's major products include gasoline, diesel oil, coal oil, fuel oil, lubricating oil, lube oil base stock, naphtha, solvent oil, petroleum asphalt, petroleum coke, gaseous propellant, paraffin and petroleum resin.

    Industry Products
    Gasoline
    Kerosene
    Fuel oil
    Lubricating oil
    Diesel oil
    Industry Activities
    Processing crude oil
    Producing petroleum products
    Selling petroleum products

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • Domestic Goods Prices - Petroleum - Gasoline (Retail)
  • Downstream Demand - Basic Chemicals, Resin and Synthetic Fibers Manufacturing
  • Downstream Demand - Machinery Manufacturing
  • Downstream Demand - Wholesale Trade

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand outlook
  • Table: Oil & Petroleum Refining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil & Petroleum Refining Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Freight Rail Transport
  • Rail Transportation of Passengers
  • Freight Trucking
  • Airlines
  • Air Transportation of Freight
  • Oil Wholesale
  • Gas Stations

  • Key Selling Industries
  • Oil & Gas Drilling

  • Products & Services
  • Diesel oil
  • Gasoline
  • Other
  • Kerosene
  • Fuel oil
  • Lubricating oil
  • Chart: Oil & Petroleum Refining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Other
  • Chemical industries
  • Transportation industries
  • Gas stations
  • Electricity suppliers
  • Exports
  • Chart: Major Market Segmentation for the Oil & Petroleum Refining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Utilities
  • Wages and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Oil & Petroleum Refining

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil & Petroleum Refining Industry

  • Industry Globalization
    Major Companies
    China Petrochemical Corporation China National Petroleum Corporation China National Offshore Oil CorporationSinochem Corporation
  • Table: China Petrochemical Corporation - financial performance
  • Table: China National Petroleum Corporation - financial performance
  • Table: China National Offshore Oil Corporation - financial performance
  • Table: Sinochem Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Oil & Petroleum Refining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Oil & Petroleum Refining Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total Assets (2007-2021)
  • Crude Oil Runs (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Asphalt
  • A brownish-black solid or semisolid mixture of bitumens obtained from native deposits or as a petroleum by-product, used in paving, roofing and waterproofing.
  • Kerosene
  • A thin oil distilled from petroleum or shale oil, used as a fuel for heating and cooking, in lamps, and as a denaturant for alcohol. Also called coal oil or lamp oil.
  • Naphtha
  • Any of several highly volatile, flammable liquid mixtures of hydrocarbons distilled from petroleum, coal tar, and natural gas and used as fuel, as solvents, and in making various chemicals.
  • Paraffin
  • A waxy, white or colorless, solid hydrocarbon mixture used to make candles, wax paper, lubricants and sealing materials. Also called paraffin wax.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Oil & Petroleum Refining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oil & Petroleum Refining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil & Petroleum Refining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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