Modular Refinery Market Set to Reach USD 5.4 Billion by 2031 as...

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2026-06-01 17:04:10 -

Modular Refinery Market Set to Reach USD 5.4 Billion by 2031 as Emerging Economies Expand Local Refining Capacity

The global modular refinery market is witnessing steady growth as oil-producing nations seek cost-effective and flexible refining solutions. Valued at US$ 3.6 billion in 2022, the market is projected to expand at a CAGR of 6.7% from 2023 to 2031, reaching approximately US$ 5.4 billion by the end of the forecast period. Rising demand for small-scale refineries in emerging economies, increasing...

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