Market Forecast By Product Type (LPG, Naphtha, Gasoline, Diesel, Aviation Fuel, Fuel Oil, Lubes, Bitumen, LSHS, Ethylene, Propylene, Polypropylene & Others (Wax, Sulphur and Petroleum Jelly)), By Classification (Ultra-Heavy, Heavy, Light, High Margin Basket, Diesel and Medium Distillates, Gasoline and Light Distillates), By End Users (Road Transportation, Aviation, Rail, Marine Bunker, Residential, Commercial, Industrial, Power Generation, Fertilizers, Petrochemicals) and competitive landscape
Product Code: ETC004620 | Publication Date: Nov 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 78 | No. of Figures: 19 | No. of Tables: 15 |
India Refinery Market report comprehensively covers the market by types, voltage type, components, region, and end-users. The India Refinery market outlook report provides an unbiased and detailed analysis of the India Refinery market trends, opportunities, high growth areas, market overview, market forecast, market share, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Refinery Market Synopsis
India Refinery Market is anticipated to register steady growth over the coming years as the oil consumption level remains resilient in the country. The growing demand for natural gas coupled with growing foreign investment and privatization in the sector is also likely to sustain the market growth for the refinery industry. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
According to 6Wresearch, India Refinery Market size is projected to grow at CAGR of 4.7% during 2020-2026. In recent months, on account of the novel coronavirus outbreak, the market for the refinery in India is anticipated to witness a decline due to the momentary halt in economic activities and reduced consumption of oil among the dominant end-users such as transportation and industries. However, as the nation begins to lift lockdown and as the economies get back on track the crude oil imports are anticipated to recover post-2020 and grow in the forecast period. Further, the up-gradation of auto fuels and the growing demand for cleaner fuels has led to the opening up of new avenues for the refinery industry.
Market Analysis by Product Types
By product type, LSHS, Gasoline, Aviation Fuel and LPG fuels have gained a cumulative market share of around 60% in the overall market revenues. Fuels such as LSHS segment has gained a massive chunk of the overall market revenues in 2019 and are likely to grow rapidly as these newer and cleaner fuels are becoming increasingly popular among end-users. Additionally, products such as Ethylene & Propylene are anticipated to witness steady growth over the coming years owing to its growing usage in plastic and chemical industry
The refinery market is anticipated to be primarily driven by factors such as the growing use of LPG among households as a cooking fuel, recovery in the automobile sector, and a growing chemical & plastic industry in the country. Additionally, factors such as frequent up-gradation of auto and marine fuel are also likely to aid this growing trend in the years to come.
India Refinery Market is projected to secure tremendous growth in the coming timeframe on the back of the increasing house construction with the growing urban population in the country. On the basis of the distribution channel, Retail outlets are estimated to generate growth avenues owing to the rising growth of the middle-class population has led to spending high on kitchen renovation where the Refinery being the essential kitchen equipment therefore the Refinery installation rate is increasing and is estimated to boost the growth of the Refinery Market in India in the coming timeframe.
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Other Key Reports Available:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. India Refinery Market Overview |
3.1. India Refinery Production Capacity, 2016-2026F |
3.2. India Refinery Market Industry Life Cycle |
3.3. India Refinery Market Porter’s Five Forces Model |
3.4. India Refinery Production Capacity Share, By-Products, 2019 & 2026F |
3.5. India Refinery Production Capacity Share, By Classification, 2019 & 2026F |
3.6. India Refinery Production Capacity Share, By End Users, 2019 & 2026F |
4. India Refinery Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. India Refinery Market Trends |
6. India Refinery Market Overview, By-Products |
6.1 India Refinery Production Capacity, By LPG, 2016-2026F |
6.2 India Refinery Production Capacity, By Naphtha, 2016-2026F |
6.3 India Refinery Production Capacity, By Gasoline, 2016-2026F |
6.4 India Refinery Production Capacity, By Diesel, 2016-2026F |
6.5 India Refinery Production Capacity, By Aviation Fuel, 2016-2026F |
6.6 India Refinery Production Capacity, By Fuel Oil/Furnace Oil, 2016-2026F |
6.7 India Refinery Production Capacity, By Lubes, 2016-2026F |
6.8 India Refinery Production Capacity, By Bitumen, 2016-2026F |
6.9 India Refinery Production Capacity, By LSHS, 2016-2026F |
6.10 India Refinery Production Capacity, By Ethylene, 2016-2026F |
6.11 India Refinery Production Capacity, By Propylene, 2016-2026F |
6.12 India Refinery Production Capacity, By Polypropylene, 2016-2026F |
6.13 India Refinery Production Capacity, By Other Products, 2016-2026F |
7. India Refinery Market Overview, By Classification |
7.1 India Refinery Production Capacity, By Ultra-Heavy, 2016-2026F |
7.2 India Refinery Production Capacity, By Heavy, 2016-2026F |
7.3 India Refinery Production Capacity, By Light, 2016-2026F |
7.4 India Refinery Production Capacity, By High-Margin Basket, 2016-2026F |
7.5 India Refinery Production Capacity, By Diesel and Medium Distillates, 2016-2026F |
7.6 India Refinery Production Capacity, By Gasoline and Light Distillates, 2016-2026F |
8. India Refinery Market Overview, By End Users |
8.1 India Refinery Market Volume, By Road Transportation, 2016-2026F |
8.2 India Refinery Market Volume, By Aviation, 2016-2026F |
8.3 India Refinery Market Volume, By Rail, 2016-2026F |
8.4 India Refinery Market Volume, By Marine Bunker, 2016-2026F |
8.5 India Refinery Market Volume, By Residential, 2016-2026F |
8.6 India Refinery Market Volume, By Commercial, 2016-2026F |
8.7 India Refinery Market Volume, By Industrial, 2016-2026F |
8.8 India Refinery Market Volume, By Power Generation, 2016-2026F |
8.9 India Refinery Market Volume, By Fertilizers, 2016-2026F |
8.10 India Refinery Market Volume, By Petrochemicals, 2016-2026F |
9. India Refinery Products Import and Export Statistics |
10. India Refinery Products Price Trend Analysis, 2016-2026F |
11. India Refinery Market Government Regulations and Standards |
12. India Refinery Market - Key Performance Indicators |
13. India Refinery Market Opportunity Assessment |
13.1 India Refinery Market Opportunity Assessment, By-Products, 2026F |
13.2 India Refinery Market Opportunity Assessment, By Classification, 2026F |
14. India Refinery Market – Competitive Landscape |
14.1. India Refinery Market Competitive Benchmarking, By Operating Parameters |
14.2. India Refinery Market Revenue Share, By Company, By Product, 2019 |
15. Company Profile |
15.1 Reliance Industries Limited |
15.2 Nayara Energy Limited |
15.3 Bharat Petroleum Corporation Limited |
15.4 Mangalore Refinery and Petrochemical Limited |
15.5 Indian Oil Corporation Limited |
15.6 Hindustan Petroleum Corporation Limited |
15.7 GAIL India Limited |
15.8 Oil India Limited |
15.9 HMEL Energy Limited |
15.10 Chennai Petroleum Corporation Limited |
16. Key Strategic Recommendations |
17. Disclaimer |
LIST OF FIGURES |
Figure 1.India Refinery Market Production Capacity, 2016-2026F (Thousand Metric Tonnes) |
Figure 2.India Refinery Production Capacity Share, By Product, 2019 & 2026F |
Figure 3.India Refinery Production Capacity Share, By Classification, (2019 & 2026F) |
Figure 4.India Refinery Market Volume Share, By Applications, (2019 & 2026F) |
Figure 5. India LPG Consumption, 2016-20 (000’ Metric Tonnes) |
Figure 6.India Average Refinery Utilization, 2020E, (%age) |
Figure 7.India Refinery Market Opportunity Assessment, By Product (2026F) |
Figure 8.India Refinery Market Opportunity Assessment, By Classification (2026F) |
Figure 9.India Refinery Production Capacity Share, By Company, 2019 |
LIST OF TABLES |
Table 1.India Refinery Production Capacity, By Product, 2016-2026F (Thousand Metric Tonnes) |
Table 2.India Refinery Production Capacity, By Product, 2016-2026F (Thousand Metric Tonnes) |
Table 3.India Refinery Production Capacity, By End Users, 2016-2026F (Thousand Metric Tonnes) |
Table 4.India Import of Crude Oil and Petroleum Products, 2016-20 (INR Crore) |
Table 5.India Import of Crude Oil and Petroleum Products, 2016-20 (Million Tonnes) |
Table 6.India Export of Petroleum Products, 2016-20 (INR Crore) |
Table 7.India Export of Petroleum Products, 2016-20 (Million Tonnes) |
Table 8. India Refinery Products Price Trend Analysis, By Product, 2016-2026F (INR) |
Table 9.India Central Excise And Customs Tariff Table (Non-GST Goods) |
Table 10.India Central Excise And Customs Tariff Table (GST Goods) |
Table 11.Dealers' Commission on Petrol & Diesel |
Table 12.Emission Standard (Limiting concentration in mg/Nm3) |
Table 13.India Upcoming Refinery Projects, (Capacity, MBPD) |
Table 14.HPCL Major Upcoming Refinery Projects |
Table 15.IOCL Major Upcoming Refinery Projects |