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.
According to 6Wresearch, the India Refinery Market size is projected to grow at a CAGR of 4.7% during 2020-2026F. 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.
Key Highlights of the Report
- India Refinery Market Overview
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Player’s Revenue Shares
- Major Player’s Market Share
- Market Competitive Benchmarking
- India Refinery Market Forecast
- India Refinery Market Outlook
- India Refinery Market Until 2026
- Market Drivers, Restraints and Trends
- Market Trends and Industry Life Cycle
- Company Profiles
- Key Strategic Recommendations
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