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The market size of the Petroleum Refining industry in the UK is $xx.xx, which is expected to grow at xx% over the next five years. Petroleum refining turns crude oil into more usable products like petrol. The major oil refineries manufacture petrol, diesel, jet fuel, red diesel and petroleum gas. The refining process also produces by-products like naphtha, which can be used as a solvent. Companies in this industry also manufacture petroleum-based products, including petroleum jelly, paraffin wax and white spirit.
Curious about what drives these trends? IBISWorld's Petroleum Refining in the UK industry coverage has got you covered.
Total value ($) and annual change from 2012 – 2030.
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| Industry | Sector | Last 5-yr CAGR | Forecast 5-year CAGR | Revenue |
|---|---|---|---|---|
| Hard Coal Mining in the UK |
|
XX% | XX% | $XX |
| Crude Petroleum & Natural Gas Extraction in the UK |
|
XX% | XX% | $XX |
| Petroleum Refining in the US |
|
XX% | XX% | $XX |
| Organic Basic Chemical Manufacturing in the US |
|
XX% | XX% | $XX |
| Activated Carbon Production in the US |
|
XX% | XX% | $XX |
| Petroleum Refining in Canada |
|
XX% | XX% | $XX |
| Organic Basic Chemical Manufacturing in Canada |
|
XX% | XX% | $XX |
| Petroleum Refining & Petroleum Fuel Manufacturing in Australia |
|
XX% | XX% | $XX |
| Basic Organic Chemical Manufacturing in Australia |
|
XX% | XX% | $XX |
| Oil & Petroleum Refining in China |
|
XX% | XX% | $XX |
| Coal Product Manufacturing in China |
|
XX% | XX% | $XX |
When the stakes are high, you need intelligence that cuts through the noise—wherever you work.
The market size of the Petroleum Refining in the UK is £44.8bn in 2026.
The market size of the Petroleum Refining in the UK decreased -2.2% in 2026.
The market size of the Petroleum Refining in the UK has grown at a 8.8% CAGR between 2021 and 2026.
See our full analysis of the Petroleum Refining in the UK to understand if the industry market size is expected to grow or decline over the next five years.