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Petroleum Refining in the US - Market Size (2005–2031)

NAICS 32411 Last Updated: March 2025
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$821.8bn Petroleum Refining in the US Market Size in 2025
-3.3% Petroleum Refining in the US Market Size Growth in 2025
16.5% Petroleum Refining in the US Market Size CAGR 2020-2025
Petroleum Refining in the US Market Size CAGR 2025-2030

Curious about what drives these trends? IBISWorld's Petroleum Refining in the US Industry Report has got you covered.

Questions Clients Ask About This Industry

  • What was the market size of the Petroleum Refining in the US in 2024?

    The market size of the Petroleum Refining in the US was $849.5bn in 2024.

  • What was the growth rate of the Petroleum Refining in the US in 2024?

    The market size of the Petroleum Refining in the US decreased -0.4% in 2024.

  • What was the market size of the Petroleum Refining in the US in 2025?

    The market size of the Petroleum Refining in the US is $821.8bn in 2025.

  • What is the growth rate of the Petroleum Refining in the US in 2025?

    The market size of the Petroleum Refining in the US decreased -3.3% in 2025.

  • Has the Petroleum Refining in the US grown or declined over the past 5 years?

    The market size of the Petroleum Refining in the US has declined at a -0.4% CAGR between 2019 and 2024.

  • Is the Petroleum Refining in the US expected to grow or decline over the next five years?

    See our full analysis of the Petroleum Refining in the US to understand if the industry market size is expected to grow or decline over the next five years.

  • Has the Petroleum Refining in the US grown or declined over the past 5 years?

    The market size of the Petroleum Refining in the US has grown at a 16.5% CAGR between 2020 and 2025.

  • Is the Petroleum Refining in the US expected to grow or decline over the next five years?

    See our full analysis of the Petroleum Refining in the US to understand if the industry market size is expected to grow or decline over the next five years.

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