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Refinery Turnaround Market Size, Share and Forecast 2026-2036

The global refinery turnaround market is worth USD 18.8 bn in 2026 and is forecast to reach USD 27.8 bn by 2036, growing at a 4.0% CAGR. United States is the largest country market and Mechanical repair and replacement is the largest by service segment.

USD 18.8 bnMarket size 2026
USD 27.8 bnForecast 2036
4.0%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global refinery turnaround market is worth USD 18.8 bn in 2026 and is forecast to reach USD 27.8 bn by 2036, growing at a 4.0% CAGR. United States is the largest country market and Mechanical repair and replacement is the largest by service segment.

ScopePlanned shutdown, inspection, repair and revamp work carried out on refinery process units at intervals of several years, sold by engineering and maintenance contractors to refiners.
IndustryOil and Gas
Value 2025USD 18.0 bn
Value 2026USD 18.8 bn
Value 2036USD 27.8 bn
CAGR 2026-20364.0%
Volume 2026163 turnaround projects
Volume 2036189 turnaround projects
Average price 2026USD 115,300,000 per turnaround project
Report priceStarts from USD 1,999
PublishedNovember 2026

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Refinery Turnaround market size and forecast, 2026-2036

Exhibit 1The global refinery turnaround market is forecast to grow from USD 18.8 bn in 2026 to USD 27.8 bn by 2036, a rise of 48%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 4.0%
Refinery Turnaround market value, 2025 to 2036Market value by year. 2025: USD 18.0 bn; 2026: USD 18.8 bn; 2027: USD 19.6 bn; 2028: USD 20.3 bn; 2029: USD 21.2 bn; 2030: USD 22.0 bn; 2031: USD 22.9 bn; 2032: USD 23.8 bn; 2033: USD 24.8 bn; 2034: USD 25.7 bn; 2035: USD 26.8 bn; 2036: USD 27.8 bn. Compound annual growth rate 2026 to 2036: 4.0%.202518.8 bn202622.9 bn203127.8 bn20364.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 18.8 bn
2027USD 19.6 bn
2028USD 20.3 bn
2029USD 21.2 bn
2030USD 22.0 bn
2031USD 22.9 bn
2032USD 23.8 bn
2033USD 24.8 bn
2034USD 25.7 bn
2035USD 26.8 bn
2036USD 27.8 bn

Refinery Turnaround market segmentation

By service

Exhibit 2Mechanical repair and replacement is the largest segment by service, with 42.0% of 2026 revenueEstimated share of 2026 global revenue, by service
Refinery Turnaround market share by service, 2026Share of 2026 revenue by service. Mechanical repair and replacement: 42.0%; Engineering and project management: 20.0%; Catalyst and process services: 16.0%; Inspection and testing: 12.0%; Scaffolding and support: 10.0%.Mechanical repair and replacement42.0%Engineering and project management20.0%Catalyst and process services16.0%Inspection and testing12.0%Scaffolding and support10.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Inspection and testing12.0%12.7%USD 2.3 bn4.6%
Mechanical repair and replacement42.0%40.4%USD 7.9 bn3.6%
Catalyst and process services16.0%16.1%USD 3.0 bn4.1%
Engineering and project management20.0%21.2%USD 3.8 bn4.6%
Scaffolding and support10.0%9.6%USD 1.9 bn3.6%

By unit

Exhibit 3Hydrotreating and hydrocracking adds the most revenue by unit, growing from USD 5.3 bn in 2026 to USD 8.2 bn by 2036Estimated revenue in USD by unit, 2026 and 2036 forecast
Refinery Turnaround market by unit, 2026 and 2036Revenue by unit in 2026 and 2036. Hydrotreating and hydrocracking: USD 5.3 bn in 2026, USD 8.2 bn in 2036, change +55%; Catalytic cracking and coking: USD 4.9 bn in 2026, USD 7.2 bn in 2036, change +48%; Crude distillation: USD 4.5 bn in 2026, USD 6.4 bn in 2036, change +41%; Reformers and other units: USD 4.1 bn in 2026, USD 6.1 bn in 2036, change +48%.20262036 forecastChangeHydrotreating and hydrocracking+55%5.3 bn8.2 bnCatalytic cracking and coking+48%4.9 bn7.2 bnCrude distillation+41%4.5 bn6.4 bnReformers and other units+48%4.1 bn6.1 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Crude distillation24.0%22.8%USD 4.5 bn3.5%
Hydrotreating and hydrocracking28.0%29.3%USD 5.3 bn4.5%
Catalytic cracking and coking26.0%25.9%USD 4.9 bn4.0%
Reformers and other units22.0%21.9%USD 4.1 bn4.0%

By turnaround scale

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Full-plant turnarounds36.0%31.5%USD 6.8 bn2.6%
Partial and unit turnarounds44.0%44.8%USD 8.3 bn4.2%
Mini-turnarounds and outages20.0%23.7%USD 3.8 bn5.8%

By contract model

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Lump-sum contracts30.0%28.9%USD 5.6 bn3.6%
Reimbursable contracts46.0%44.3%USD 8.7 bn3.6%
Alliance and integrated contracts24.0%26.8%USD 4.5 bn5.2%

By refinery size

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Below 100 thousand barrels per day22.0%18.5%USD 4.1 bn2.2%
100 to 250 thousand barrels per day44.0%42.9%USD 8.3 bn3.7%
Above 250 thousand barrels per day34.0%38.6%USD 6.4 bn5.3%

Top 25 countries for refinery turnaround by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 79.5% of 2026 revenue and the 25 countries below together hold 94.3%.

Exhibit 4United States is the largest country market at USD 4.5 bn in 2026, and the three largest countries hold 50.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Refinery Turnaround market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 4.5 bn, 24.0%; China: USD 3.2 bn, 17.0%; India: USD 1.7 bn, 9.0%; Russia: USD 1.1 bn, 6.0%; Japan: USD 940 mn, 5.0%; Saudi Arabia: USD 940 mn, 5.0%; South Korea: USD 752 mn, 4.0%; Germany: USD 658 mn, 3.5%; Singapore: USD 564 mn, 3.0%; United Arab Emirates: USD 564 mn, 3.0%.United States4.5 bn 24.0%China3.2 bn 17.0%India1.7 bn 9.0%Russia1.1 bn 6.0%Japan940 mn 5.0%Saudi Arabia940 mn 5.0%South Korea752 mn 4.0%Germany658 mn 3.5%Singapore564 mn 3.0%United Arab Emirates564 mn 3.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 4.5 bn24.0%USD 6.2 bn3.1%
2ChinaUSD 3.2 bn17.0%USD 5.3 bn5.1%
3IndiaUSD 1.7 bn9.0%USD 3.2 bn6.7%
4RussiaUSD 1.1 bn6.0%USD 1.5 bn2.7%
5JapanUSD 940 mn5.0%USD 1.2 bn2.2%
6Saudi ArabiaUSD 940 mn5.0%USD 1.5 bn4.6%
7South KoreaUSD 752 mn4.0%USD 1.0 bn3.2%
8GermanyUSD 658 mn3.5%USD 807 mn2.1%
9SingaporeUSD 564 mn3.0%USD 807 mn3.6%
10United Arab EmiratesUSD 564 mn3.0%USD 919 mn5.0%
11BrazilUSD 466 mn2.5%USD 668 mn3.7%
12CanadaUSD 318 mn1.7%USD 457 mn3.7%
13KuwaitUSD 256 mn1.4%USD 365 mn3.6%
14ItalyUSD 218 mn1.2%USD 312 mn3.6%
15FranceUSD 192 mn1.0%USD 276 mn3.7%
16MexicoUSD 175 mn0.9%USD 248 mn3.5%
17SpainUSD 160 mn0.8%USD 228 mn3.6%
18NetherlandsUSD 149 mn0.8%USD 212 mn3.6%
19TurkeyUSD 139 mn0.7%USD 200 mn3.7%
20ThailandUSD 132 mn0.7%USD 189 mn3.7%
21IndonesiaUSD 124 mn0.7%USD 178 mn3.7%
22TaiwanUSD 118 mn0.6%USD 170 mn3.7%
23United KingdomUSD 115 mn0.6%USD 161 mn3.5%
24MalaysiaUSD 109 mn0.6%USD 156 mn3.6%
25BelgiumUSD 105 mn0.6%USD 150 mn3.6%
Rest of worldUSD 1.1 bn5.7%USD 1.5 bn3.6%
Exhibit 5China and United States account for 41% of the USD 9.0 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Refinery Turnaround market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 18.8 bn. China: +USD 2.1 bn; United States: +USD 1.6 bn; India: +USD 1.5 bn; Saudi Arabia: +USD 535 mn; United Arab Emirates: +USD 355 mn; 20 other countries: +USD 2.4 bn; Rest of world: +USD 463 mn. Market value 2036: USD 27.8 bn.Market value 202618.8 bnChina+2.1 bnUnited States+1.6 bnIndia+1.5 bnSaudi Arabia+535 mnUnited Arab Emirates+355 mn20 other countries+2.4 bnRest of world+463 mnMarket value 203627.8 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Fluor
  • KBR
  • Worley
  • Bechtel
  • Technip Energies
  • Jacobs
  • Bilfinger
  • Wood

Group 2: Regional and specialist players

  • Matrix Service
  • Team Inc
  • Brand Industrial Services
  • Petrofac
  • Turner Industries
  • Day and Zimmermann
  • Altrad
  • Cajun Industries

Group 3: Emerging and niche players

  • Mistras Group
  • HydroChem
  • Specialty Welding and Turnarounds

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the refinery turnaround market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.0% is calculated from the resulting values.

The market is divided by service, by unit, by turnaround scale, by contract model, by refinery size. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the refinery turnaround market?

The global refinery turnaround market is estimated at USD 18.0 bn in 2025 and USD 18.8 bn in 2026.

How fast will the refinery turnaround market grow?

It is forecast to reach USD 27.8 bn by 2036, a compound annual growth rate of 4.0% from 2026, an increase of USD 9.0 bn.

Which country is the largest market for refinery turnaround?

United States is the largest market by revenue at USD 4.5 bn in 2026, 24.0% of the global total. The three largest countries together hold 50.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 6.7% a year from 2026 to 2036.

Which refinery turnaround segment is largest?

In the by service split, Mechanical repair and replacement is the largest segment with 42.0% of 2026 revenue.

Who are the leading refinery turnaround companies?

Global leaders include Fluor, KBR, Worley, Bechtel.

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