Refining Industry Market Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2022-2026
Summary
The global refining capacity increased from 103,723 mbd in 2016 to 107,568 mbd in 2021 at an Average Annual Growth Rate (AAGR) of 0.7%. It is expected to increase from 107,568 mbd in 2021 to 122,673 mbd in 2026 at an AAGR of 2.6%. The US, China, Russia, India, and the South Korea are the major countries that accounted for 48.5% of the total refinery capacity of the world in 2021.
Scope
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