The Refinery Catalyst Market size was valued at USD 4.37 Billion in 2023 and the total Refinery Catalyst revenue is expected to grow at a CAGR of 3.1% from 2024 to 2030, reaching nearly USD 5.41 Billion.Global Refinery Catalyst Market Overview:
Refinery Catalyst Market is expected to reach US$ 5.25 Bn. by 2030. The Refinery catalysts are chemical compounds that are used to remove undesired impurities such as nitrogen, metal contamination, and sulphur during the refining process. This report focuses on the different segments of the Refinery Catalyst market (Type, Ingredient, and Region). This report examines the top industry players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a comprehensive look at today's rapid advancements in a range of fields. Facts and figures, visualisations, and presentations are used to highlight the primary data analysis from 2018 to 2023. The market drivers, restraints, opportunities, and challenges for Refinery Catalyst are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Refinery Catalyst market.To Know About The Research Methodology :- Request Free Sample ReportRefinery Catalyst Market Dynamics:
The Refinery Catalyst market is expected to grow due to rising global demand for transportation fuel. Refinery Catalyst Market growth is expected to be driven by strict regulations along with rising demand for petroleum and petroleum-derived products/chemicals. Refinery catalysts are used to improve the operational efficiency of the petroleum refining sector. Furthermore, rising demand for high-octane fuel, particularly in countries such as the United States, Japan, Germany, the United Kingdom, and India, is expected to favourably influence the growth of the refinery catalyst market. Metal contamination and the thermal balance effect in tight oil processing are common problems that refinery catalysts are employed to solve. During the forecast period, growing tight oil production in the United States, Russia, China, and Argentina is expected to drive market growth. Government laws, such as those governing Ultra-low Sulfur Diesel (ULSD) and severe emission standards in developed nations, are expected to continue to drive demand for refinery catalysts in the petroleum refining industry. The availability of alternative fuels like biofuel, as well as the implementation of "Go Green" campaigns and environmental legislation by various countries, is expected to limit the growth of the refinery catalysts market. Zeolites, chemical compounds, and metals are among the materials utilised in the production of refinery catalysts. Manufacturers can make fluid catalytic cracking refinery catalysts, alkylation refinery catalysts, hydrotreating refinery catalysts, and hydrocracking refinery catalysts using these compounds in various compositions or in conjunction with other chemicals. Producers of refinery catalysts are focusing their efforts on producing catalysts that can handle a wide range of feedstocks while also providing stable, predictable, easy, and profitable hydrotreating and hydrocracking applications. Superior process designs, proprietary equipment, and performance refinery catalyst innovation have all aided businesses in gaining a competitive advantage over their rivals. Furthermore, corporations are increasingly combining technical expertise with environmentally friendly production processes.Refinery Catalyst Market Segment Analysis:
The Refinery Catalyst Market is segmented by Type, and Ingredient. Based on the Type, the market is segmented into FCC Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, and Catalytic Reforming Catalysts. FCC Catalysts segment is expected to hold the largest market share of xx% by 2030. The increased demand for gasoline as a fuel for use in automobiles around the world is responsible for this segment's growth. Fluid catalytic cracking (FCC) catalysts, hydro treating catalysts, hydrocracking catalysts, and catalytic reforming are some of the other application-based segments. The most common method used by refineries to transform heavy and high boiling hydrocarbons to lower value fractions is fluid catalytic cracking. The principal product of the process is gasoline, along with other fractions such as diesel and C3 and C4 gaseous fractions. This procedure aids in the production of more gasoline in order to meet the rising demand for automobiles. The lighter fractions are supplied to the alkylation plant, which produces a high-octane gasoline component known as alkylate, while the heavier portions are utilised as a diesel blender and additive. Based on the Ingredient, the market is segmented into Zeolites, Metals, and Chemical Compounds. Zeolites segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Zeolites are hydrated aluminosilicate minerals that are part of the microporous solids family. Because of their porosity and huge surface area, they are commonly employed as adsorbents and catalysts. Potassium (K+), sodium (Na+), calcium (Ca2+), and magnesium (Mg2+) are all accommodated by the porous structure of zeolites. Zeolites are generated naturally when volcanic rocks and ash layers combine with alkaline water. Because of the inclusion of various minerals, metals, and quartz in natural zeolites, they are impure. Zeolites, on the other hand, are commercially produced from the slow crystallisation of silica-alumina gel with a variety of additional atoms added to boost activity and performance in a certain process. Metals segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The type of feedstock, required cycle length, and final product are all factors in deciding which metal catalyst to utilise in the process. Clariant and BASF SE are two of the largest makers and providers of FCC and hydrocracking catalysts in the world. The rising demand for noble and other metals in growing economies such as Chile, China, and South Africa, as a result of favourable governmental support for FDI in mineral extraction, is expected to ensure the availability of raw materials for metal catalyst makers. The rising demand for these metals in other applications, on the other hand, is expected to restrain raw material availability, limiting the refinery catalyst market's growth during the forecast period.Refinery Catalyst Market Regional Insights:
Asia Pacific region is expected to dominate the Refinery Catalyst Market during the forecast period 2024-2030. Asia Pacific region is expected to hold the largest market share of xx% by 2030. The fastest-growing refinery catalyst market is in Asia Pacific, owing to rising population, developing industrialization, rigorous regulatory requirements, and environmental restrictions, which are all contributing to the region's overall growth. The growing capacity of oil production in oil refineries in emerging countries in the region is generating significant potential prospects for the refinery catalyst market. During the forecast period, these factors are expected to drive up demand for refinery catalysts in the region. Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Due to high manufacturing costs and severe environmental laws, European refineries are experiencing low profitability. This legislative change in Russia is expected to boost catalyst demand in refining applications. Furthermore, technological advancements in enhanced oil recovery and hydraulic fracturing activities in countries such as Russia and Ukraine are expected to increase the availability of tight oil and shale gas. Increased shale gas production and tight oil supply are expected to make raw materials more accessible to refineries in Germany, France, and Italy, boosting the demand for refinery catalysts. The objective of the report is to present a comprehensive analysis of the Global Refinery Catalyst Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Refinery Catalyst Market dynamic and structure by analyzing the market segments and projecting the Global Refinery Catalyst Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Refinery Catalyst Market make the report investor’s guide.Refinery Catalyst Market Scope: Inquire before buying
Global Refinery Catalyst Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 4.37 Bn. Forecast Period 2024 to 2030 CAGR: 3.1% Market Size in 2030: USD 5.41 Bn. Segments Covered: by Type FCC Catalysts Hydrotreating Catalysts Hydrocracking Catalysts Catalytic Reforming Catalysts by Ingredient Zeolites Metals Chemical Compounds by Catalyst Material Zeolites Metals Chemical Compounds Refinery Catalyst Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Refinery Catalyst Market Major Key Players are:
1. Albemarle Corporation 2. W.R. Grace & Co. 3. Axens SA 4. Haldor Topsoe A/S 5. BASF SE 6. Johnson Matthey 7. Honeywell UOP 8. Clariant International Ltd. 9. Criterion Catalysts & Technologies L.P. 10. Air Products and Chemicals 11. Arkema Group 12. Chevron 13. Eka Chemicals AB 14. Exxon Mobil Corporation 15. Evonic Industries AG Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Refinery Catalyst Market? Ans. Asia Pacific region is expected to hold the highest share in the Refinery Catalyst Market. 2] Who are the top key players in the Refinery Catalyst Market? Ans. Albemarle Corporation, W.R. Grace & Co., Axens SA, Haldor Topsoe A/S, and BASF SE are the top key players in the Refinery Catalyst Market. 3] Which segment is expected to hold the largest market share in the Refinery Catalyst Market by 2030? Ans. FCC Catalysts segment is expected to hold the largest market share in the Refinery Catalyst Market by 2030. 4] What is the market size of the Refinery Catalyst Market by 2030? Ans. The market size of the market is expected to reach USD 5.41 Bn. by 2030. 5] What was the Global Refinery Catalyst Market size in 2023? Ans: The Global Refinery Catalyst Market size was USD 4.37 Billion in 2023.
1. Global Refinery Catalyst Market: Research Methodology 2. Global Refinery Catalyst Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Refinery Catalyst Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Refinery Catalyst Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Refinery Catalyst Market Segmentation 4.1 Global Refinery Catalyst Market, by Type (2023-2030) • FCC Catalysts • Hydrotreating Catalysts • Hydrocracking Catalysts • Catalytic Reforming Catalysts 4.2 Global Refinery Catalyst Market, by Ingredient (2023-2030) • Zeolites • Metals • Chemical Compounds 4.3 Global Refinery Catalyst Market, by Catalyst Material (2023-2030) • Zeolites • Metals • Chemical • Compounds 5. North America Refinery Catalyst Market(2023-2030) 5.1 North America Refinery Catalyst Market, by Type (2023-2030) • FCC Catalysts • Hydrotreating Catalysts • Hydrocracking Catalysts • Catalytic Reforming Catalysts 5.2 North America Refinery Catalyst Market, by Ingredient (2023-2030) • Zeolites • Metals • Chemical Compounds 5.3 North America Refinery Catalyst Market, by Catalyst Material (2023-2030) • Zeolites • Metals • Chemical • Compounds 5.4 North America Refinery Catalyst Market, by Country (2023-2030) • United States • Canada • Mexico 6. Europe Refinery Catalyst Market (2023-2030) 6.1. European Refinery Catalyst Market, by Type (2023-2030) 6.2. European Refinery Catalyst Market, by Ingredient (2023-2030) 6.3. European Refinery Catalyst Market, by Catalyst Material (2023-2030) 6.4. European Refinery Catalyst Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Refinery Catalyst Market (2023-2030) 7.1. Asia Pacific Refinery Catalyst Market, by Type (2023-2030) 7.2. Asia Pacific Refinery Catalyst Market, by Ingredient (2023-2030) 7.3. Asia Pacific Refinery Catalyst Market, by Catalyst Material (2023-2030) 7.4. Asia Pacific Refinery Catalyst Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Refinery Catalyst Market (2023-2030) 8.1 Middle East and Africa Refinery Catalyst Market, by Type (2023-2030) 8.2. Middle East and Africa Refinery Catalyst Market, by Ingredient (2023-2030) 8.3. Middle East and Africa Refinery Catalyst Market, by Catalyst Material (2023-2030) 8.4. Middle East and Africa Refinery Catalyst Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Refinery Catalyst Market (2023-2030) 9.1. South America Refinery Catalyst Market, by Type (2023-2030) 9.2. South America Refinery Catalyst Market, by Ingredient (2023-2030) 9.3. South America Refinery Catalyst Market, by Catalyst Material (2023-2030) 9.4 South America Refinery Catalyst Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Albemarle Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 W.R. Grace & Co. 10.3 Axens SA 10.4 Haldor Topsoe A/S 10.5 BASF SE 10.6 Johnson Matthey 10.7 Honeywell UOP 10.8 Clariant International Ltd. 10.9 Criterion Catalysts & Technologies L.P. 10.10 Air Products and Chemicals 10.11 Arkema Group 10.12 Chevron 10.13 Eka Chemicals AB 10.14 Exxon Mobil Corporation 10.15 Evonic Industries AG