Refinery Catalyst Market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 5.14% during the forecast period.
The increasing refinery catalyst market is due to its increasing demand in transportation as a fuel globally. The rising demand for petroleum and its derived products coupled with strict government regulations guides the overall market growth. Refinery catalyst enhances the operational efficiency of petroleum by speeding up the cracking reaction during the process. Moreover, the rise in demand for high Octane fuel in countries such as India, Germany, United States, United Kingdom and Japan due to strict government regulations is anticipated to positively impact the global refinery catalyst market.
The catalysts are used in various processes like, reforming, isomerization, catalytic cracking, desulfurization, etc. Moreover, the refinery catalysts are used in tight oil processing in which they counter issues like heat balance effect and metal contamination. The rising production of tight oil in China, United States, Russia, and Argentina is anticipated to drive the market for refinery catalyst. The strict government regulation in context with Ultra low Sulphur Diesel and highly stringent emission standards in major economies influences the growth of refinery catalyst. Implementation of environmental policies by major economies and adoption of various campaigns like “Go-Green” and the availability of alternatives such as biofuel restrains the growth of refinery catalyst market globally.
In the manufacturing of refinery catalyst, different types of materials in different compositions are used which includes chemical compounds, metals, and zeolites. These compounds when processed with different chemicals in different compositions help produce FCC catalyst, Alkylation catalyst, Hydrotreating catalyst, Hydrocracking catalyst, Catalytic Reforming catalyst. Among different regions, APAC region dominated the overall market for refinery catalyst. India and China are the major market for the refinery catalyst due to active participation of private sector companies in establishing refineries especially in India.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of refinery catalyst which covers production, demand, and supply of refinery catalyst market globally.
•To analyse and forecast the market size of refinery catalyst.
•To classify and forecast global refinery catalyst market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global refinery catalyst market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global refinery catalyst market.
•To identify and analyse the profile of leading players involved in the manufacturing of refinery catalyst.
Some of the major key players operating in the global refinery catalyst market are Albemarle Corporation, Haldor Topsoe, W R Grace, Honeywell UOP, Clariant, Axens, Johnson Matthey, JGC Catalyst and Chemicals, Shell Catalyst & Technologies, Arkema, Anten Chemicals, Chempack, China Petroleum and Chemical Corporation, Dorf-Ketal Chemicals Pvt. Ltd., BASF, Exxon Mobil Corporation, Gazprom, KNT Group, etc.
The pricing of refinery catalyst is largely dependent on the fluctuations in the prices of zeolites, metals, and chemical compounds etc.
To extract data for the global refinery catalyst market, primary research surveys were conducted with refinery catalyst manufacturers, suppliers, distributors, wholesalers, and Applicationrs. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various Applicationr segments and projected a positive outlook for the global refinery catalyst market over the coming years.
ChemAnalyst calculated refinery catalyst demand globally by analyzing the historical data and demand forecast which was carried out considering imported crude prices, raw material used for production of refinery catalyst. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• refinery catalyst manufacturers and other stakeholders
•Organizations, forums, and alliances related to refinery catalyst distribution
•Government bodies such as regulating authorities and policy makers.
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as refinery catalyst manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global refinery catalyst market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Grade
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Zeolites, Metallic, Chemical Compounds
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Market, by Application
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FCC Catalyst, Alkylation Catalyst, Hydrotreating Catalyst, Hydrocracking Catalyst, Catalytic Reforming and Others
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Market, by Region
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North America, APAC, Europe, MEA, South America
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Competitive Landscape:
ChemAnalyst offers detailed analysis of major players including basic company details, segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis, etc.to give a comprehensive and meaningful insights on the respective product market.
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. The following customization options are available for the report:
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com