Europe Refined Petroleum Products Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The European Refined Petroleum Products Market is Segmented by Type (Automotive Fuels, Marine Fuels, Aviation Fuels, Liquefied Petroleum Gas (LPG), and Other Fuel Types) and Geography (Germany, United Kingdom, France, Italy, Spain, and the Rest of Europe). The report offers the market size and forecasts for the European refined petroleum products market in USD billion for all the above segments.

Europe Refined Petroleum Products Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Refined Petroleum Products Market Size

Europe Refined Petroleum Products Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 5.60 %
Market Concentration Medium

Major Players

Europe Refined Petroleum Products Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe Refined Petroleum Products Market with other markets in Energy & Power Industry

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Europe Refined Petroleum Products Market Analysis

The Europe Refined Petroleum Products Market is expected to register a CAGR of 5.6% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.

  • Over the long term, factors such as extremely high power demand in various European countries such as the United Kingdom, Germany, and Italy, which can be immediately met by the fuel-driven power sector, and demand for marine fuels due to the steadily growing shipping industry are expected to drive the market.
  • On the other hand, the growing adoption of renewable power sources is a major restraint hindering the market growth.
  • Nevertheless, the transition to cleaner fuels and LPG becomes critical to household energy in low-income communities. Therefore it is expected to create ample opportunities for the market studied.
  • The United Kingdom is expected to dominate the market due to the growing consumption of refined petroleum products across the country.

Europe Refined Petroleum Products Industry Overview

The European refined petroleum products market is moderately fragmented in nature. Some of the key players in the market include (in no particular order) Royal Dutch Shell, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP PLC, and Chevron Corporation.

Europe Refined Petroleum Products Market Leaders

  1. Royal Dutch Shell

  2. Exxon Mobil Corporation

  3. China Petroleum & Chemical Corporation

  4. BP Plc

  5. Chevron Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Europe Refined Petroleum Products Market Concentration
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Europe Refined Petroleum Products Market News

  • October 2021: Germany opened its first commercial plant that produces clean jet fuel. This is likely to complement the general aviation sector, boosting the demand for aviation fuel during the forecast period.
  • August 2021: Flyr, a Norwegian start-up, launched its first international routes to increase its flights to Spain. It is likely to add three routes across Europe. Companies with innovative businesses also contributed to the growth of the commercial aviation industry.

Europe Refined Petroleum Products Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Europe Refined Petroleum Products Market in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Recent Trends and Developments
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Automotive Fuels
    • 5.1.2 Marine Fuels
    • 5.1.3 Aviation Fuels
    • 5.1.4 Liquefied Petroleum Gas (LPG)
    • 5.1.5 Other Fuel Types
  • 5.2 Geography
    • 5.2.1 Germany
    • 5.2.2 United Kingdom
    • 5.2.3 France
    • 5.2.4 Italy
    • 5.2.5 Spain
    • 5.2.6 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Royal Dutch Shell
    • 6.3.2 Exxon Mobil Corporation
    • 6.3.3 China Petroleum & Chemical Corporation
    • 6.3.4 BP PLC
    • 6.3.5 Chevron Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Refined Petroleum Products Industry Segmentation

Refined petroleum products are derived from crude oils through processes such as catalytic cracking and fractional distillation. These products have physical and chemical characteristics that differ according to the type of crude oil and subsequent refining processes.

The European refined petroleum products market is segmented by type and geography. By type, the market is segmented into automotive fuels, marine fuels, aviation fuels, liquefied petroleum gas (LPG), and other fuel types. The report also covers the market size and forecasts for the refined petroleum products market across major countries in the region. For each segment, the forecasts have been mentioned in USD billion.

Type Automotive Fuels
Marine Fuels
Aviation Fuels
Liquefied Petroleum Gas (LPG)
Other Fuel Types
Geography Germany
United Kingdom
France
Italy
Spain
Rest of Europe
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Europe Refined Petroleum Products Market Research FAQs

What is the current Europe Refined Petroleum Products Market size?

The Europe Refined Petroleum Products Market is projected to register a CAGR of 5.6% during the forecast period (2025-2030)

Who are the key players in Europe Refined Petroleum Products Market?

Royal Dutch Shell, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP Plc and Chevron Corporation are the major companies operating in the Europe Refined Petroleum Products Market.

What years does this Europe Refined Petroleum Products Market cover?

The report covers the Europe Refined Petroleum Products Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Refined Petroleum Products Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Refined Petroleum Products Industry Report

Statistics for the 2025 Europe Refined Petroleum Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Refined Petroleum Products analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.