NAICS 32411 - Petroleum Refineries
This industry comprises establishments primarily engaged in refining crude petroleum into refined petroleum. Petroleum refining involves one or more of the following activities: (1) fractionation; (2) straight distillation of crude oil; and (3) cracking.
Industry trends:
The petroleum refining industry, classified under NAICS 32411, is currently experiencing several qualitative trends that are shaping its future. One major trend is the increasing focus on sustainability and environmental compliance. Refineries are investing heavily in cleaner technologies and processes to reduce their carbon footprint and adhere to stringent regulations. This shift is driven by both governmental policies and growing consumer demand for sustainable energy solutions.
Another notable trend is digital transformation. Refineries are integrating advanced data analytics, IoT (Internet of Things), and AI (Artificial Intelligence) to optimize operations, improve safety, and reduce costs. Digital twins, predictive maintenance, and real-time monitoring systems are becoming standard to enhance operational efficiency and decision-making processes.
The industry is also witnessing a shift in the demand landscape. With the rise of electric vehicles and renewable energy sources, traditional fuel demand is expected to decline. This prompts refineries to diversify their product portfolios by focusing more on petrochemicals and other non-fuel products. Some refineries are also exploring the potential of biofuels and hydrogen as alternative revenue streams.
In the near future, these trends are expected to intensify. The push towards net-zero emissions will likely accelerate, leading to increased investments in green refining technologies. Digitalization will continue to evolve, offering more sophisticated tools for efficiency and compliance. Additionally, market dynamics will encourage refineries to innovate and adapt to maintain profitability in a transforming energy landscape.
This industry is comprised of:
Acid oils made in petroleum refineries
Aliphatic chemicals (i.e., acyclic) made in petroleum refineries
Alkylates made in petroleum refineries
Asphalt and asphaltic materials made in petroleum refineries
Asphalt paving mixtures made in petroleum refineries
Aviation fuels manufacturing
Benzene made in petroleum refineries
Butylene (i.e., butene) made in petroleum refineries
Coke, petroleum, made in petroleum refineries
Crude oil refining
Crude petroleum refineries
Cumene made in petroleum refineries
Cyclic aromatic hydrocarbons made in petroleum refineries
Diesel fuels made in petroleum refineries
Ethylene made in petroleum refineries
Fuel oils manufacturing
Fuels, jet, manufacturing
Gasoline made in petroleum refineries
Heating oils made in petroleum refineries
Hydraulic fluids made in petroleum refineries
Jet fuels manufacturing
Kerosene manufacturing
Liquefied petroleum gas (LPG) made in refineries
Lubricating oils and greases made in petroleum refineries
Naphtha made in petroleum refineries
Naphthenic acids made in petroleum refineries
Oil (i.e., petroleum) refineries
Oil additives made in petroleum refineries
Oils, fuel, manufacturing
Paraffin waxes made in petroleum refineries
Petrochemical feedstocks made in petroleum refineries
Petrochemicals made in petroleum refineries
Petroleum coke made in petroleum refineries
Petroleum cracking and reforming
Petroleum distillation
Petroleum jelly made in petroleum refineries
Petroleum lubricating oils made in petroleum refineries
Petroleum refineries
Propane gases made in petroleum refineries
Propylene (i.e., propene) made in petroleum refineries
Refineries, petroleum
Refinery gases made in petroleum refineries
Road oils made in petroleum refineries
Solvents made in petroleum refineries
Still gases made in petroleum refineries
Styrene made in petroleum refineries
Tar made in petroleum refineries
Toluene made in petroleum refineries
Waxes, petroleum, made in petroleum refineries
Xylene made in petroleum refineries
This report includes the ability to segment your Industry by:
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- Employees
- Net Sales
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