Petroleum Refining in the UK - IBISWorld Industry Market Research

Petroleum Refining in the UK

Petroleum Refining in the UK - IBISWorld Industry Market Research
Petroleum Refining in the UK
Published Mar 06, 2015
33 pages — Published Mar 06, 2015
Price US$ 875.00  |  Buy this Report Now

About This Report


Petroleum refiners have faced extremely tough market conditions over the past five years. Most refineries in the United Kingdom are geared towards petrol production, but demand for petrol continued to tail off considerably during the five-year period, leading to an oversupply in the industry. At the same time, crude oil prices were volatile. Higher input costs during periods of high prices and excess supply led to constrained industry profitability. As a result, some refineries closed while others had to work hard to find markets for their excess petrol. Many refineries are now changing their production focus in favour of diesel as the new primary fuel.

Petroleum refining is the process of turning crude oil into more usable products such as petrol. The major oil refineries manufacture petrol, diesel, jet fuel, gas oil and petroleum gas. The refining process also leads to the production of by-products such as naphtha, which can be used as a solvent. Companies in this industry also manufacture a wide range of petroleum-based products such as Vaseline, petroleum jelly, paraffin wax and white spirit.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Petroleum Refining in the UK" Mar 06, 2015. Alacra Store. Oct 26, 2016. <>
IBISWorld Industry Market Research. (2015). Petroleum Refining in the UK Mar 06, 2015. New York, NY: Alacra Store. Retrieved Oct 26, 2016 from <>
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