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Refined Petroleum Products

Global demand for refined petroleum products is forecast to expand 1.7% p.a. between 2015 and 2019. Currently, petroleum oils and bituminous mineral oils (excluding crude) account for 89.8% of the global demand while the remaining market share is divided between liquefied butanes (1.9%), liquefied propane (3.9%), liquefied butylene, butadiene, ethylene and propylene (0.4%), other liquefied petroleum gases and gaseous hydrocarbons (0.5%), other petroleum gases and gaseous hydrocarbons (0.1%), paraffin wax (0.3%), petroleum jelly (0.0%), other mineral waxes (0.2%), calcined petroleum coke (0.5%), not calcined petroleum coke (0.8%), petroleum bitumen (1.4%) and other residues of petroleum oils (0.1%).

China, Germany, India, South Korea and the United States are considered the highest potential markets in the coming years. China, Germany, India, Japan and the United States represent the largest refined petroleum product markets while the strongest annual growth is forecast to occur in Macedonia (9.9%), Morocco (6.3%), India (6.0%), Bangladesh (4.6%) and Indonesia (2.9%).

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