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

The Southeast Asia Refined Petroleum Products Market is Segmented by Product (Automotive Fuels, Marine Fuels, Aviation Fuels, Liquefied Petroleum Gas (LPG), and Other Products) and Geography (Indonesia, Thailand, Malaysia, and the Rest of Southeast Asia). The report offers the market size and forecasts for Southeast Asia's refined petroleum products in revenue (USD million) for all the above segments.

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

Southeast Asia Refined Petroleum Products Market Size

South East Asia 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 4.00 %
Market Concentration Medium

Major Players

Southeast Asia Refined Petroleum Products Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

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Southeast Asia Refined Petroleum Products Market Analysis

The Southeast Asia Refined Petroleum Products Market is expected to register a CAGR of greater than 4% during the forecast period.

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

  • Over the medium term, the growing high power demand is expected to stimulate the growth of the refined petroleum products market in the region. Furthermore, increasing investments in refined petroleum products are expected to drive growth.
  • On the other hand, the growing emphasis on renewable energy and the adoption of electric vehicles are expected to hamper the growth of the market during the forecast period.
  • Nevertheless, favorable policies for investment by private players in the region would likely create lucrative growth opportunities for the refined petroleum products market.
  • Indonesia is expected to witness significant growth and is also likely to witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments, coupled with supportive government policies in the country.

Southeast Asia Refined Petroleum Products Industry Overview

The Southeast Asia refined petroleum products market is moderately fragmented in nature. Some of the major players in the market (in no particular order) include BP PLC, Shell PLC, TotalEnergies SE, PT Pertamina (Persero), and Exxon Mobil Corporation.

Southeast Asia Refined Petroleum Products Market Leaders

  1. BP PLC

  2. Shell PLC

  3. TotalEnergies SE

  4. PT Pertamina (Persero)

  5. Exxon Mobil Corporation

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

  • September 2022: Equinor and Global Petro Storage (GPS) jointly commissioned liquefied petroleum gas (LPG) storage terminal in Malaysia. The fully automated facility at Port Klang will enable "cost-advantaged shipments" of very large gas carriers (VLGCs) into Malaysia. The terminal features two 60,000 cubic meters of refrigerated tanks for the storage of propane and butane, as well as four pressurized bullet tanks for the storage of pressurized LPG.
  • May 2022: Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, have collaborated to restart the refinery-petrochemical complex in Malaysia. The refinery has a 300,000 BPD capacity and is equipped to develop refined petroleum products, including jet fuel, motor gasoline, and diesel, meeting Euro 5 fuel specifications.
  • March 2021: Indonesia's national energy giant PT Pertamina announced plans to relocate its USD 10-billion oil refinery project from Bontang in East Kalimantan after terminating a preliminary agreement with Oman's Overseas Oil and Gas.

Southeast Asia Refined Petroleum Products Market Report - Table of Contents

1. INTRODUCTION

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

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Market Drivers
    • 4.5.2 Market Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - 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 Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Product
    • 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 Products
  • 5.2 By Geography
    • 5.2.1 Indonesia
    • 5.2.2 Malaysia
    • 5.2.3 Thailand
    • 5.2.4 Rest of Southeast Asia

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 BP PLC
    • 6.3.2 Shell PLC
    • 6.3.3 TotalEnergies SE
    • 6.3.4 PT Pertamina (Persero)
    • 6.3.5 Exxon Mobil Corporation
    • 6.3.6 Chevron Corporation
    • 6.3.7 Vietnam Oil and Gas Group
    • 6.3.8 Petroliam Nasional Berhad (PETRONAS)
    • 6.3.9 Malaysia Oil Refinery Sdn Bhd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Southeast Asia Refined Petroleum Products Industry Segmentation

Refined petroleum products are derived from crude oils through 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 Southeast Asia refined petroleum products market is segmented by product and geography. By product, the market is segmented into automotive fuels, marine fuels, aviation fuels, liquefied petroleum gas (LPG), and other products. The report also covers the market size and forecasts for the market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

By Product Automotive Fuels
Marine Fuels
Aviation Fuels
Liquefied Petroleum Gas (LPG)
Other Products
By Geography Indonesia
Malaysia
Thailand
Rest of Southeast Asia
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Southeast Asia Refined Petroleum Products Market Research FAQs

What is the current Southeast Asia Refined Petroleum Products Market size?

The Southeast Asia Refined Petroleum Products Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Southeast Asia Refined Petroleum Products Market?

BP PLC, Shell PLC, TotalEnergies SE, PT Pertamina (Persero) and Exxon Mobil Corporation are the major companies operating in the Southeast Asia Refined Petroleum Products Market.

What years does this Southeast Asia Refined Petroleum Products Market cover?

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

Southeast Asia Refined Petroleum Products Industry Report

Statistics for the 2025 Southeast Asia Refined Petroleum Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southeast Asia 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.