Refinery Catalysts Market & Trends Analysis Report by Material (Zeolites, Metallic, Chemical Compounds, and Others), By Application (FCC Catalysts, Alkylation Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, Catalytic Reforming, and Others), and By Region – Global Opportunities & Forecast, 2020-2027
Published Date: Mar - 2021 | Report Format: Excel/PPT | Report Code: UP1724-001001
Refinery Catalyst market size reached 7,183 Million in 2020 and is projected to grow at CAGR of 4.9% till 2027
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Market Dynamic
Key Drivers and Emerging Trends
Growing use of refinery catalysts in petroleum refining to improve the operational efficiency of petroleum is one of the major factors fueling the global refinery catalyst market. With the growing environmental concern, government has enforced strategic norms to encourage the adoption of refinery catalysts, owing to their capability to decrease toxic pollutants released by gasoline and diesel engines. Also, increasing investment by the leading companies in research and development to design effective catalysts that can handle different feedstocks will further add to the market growth. Further, growing application of refining catalysts in oxidation, hydration and dehydration reactions, and hydrogenation applications for easy processing of fuels is projected to augment the market size.
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Material – Segment Analysis
Zeolites segment is predicted to expand at a faster CAGR over the forecast period, owing to the easy processing and large availability in the industrial sector. The large surface area, better consistency, and lower cost of zeolites makes them suitable for fluid catalytic cracking (FCC) processes, which will positively impact the zeolites growth.
On the other hand, metals are projected to hold a remarkable share during the forecast period, owing to their growing use in hydrocracking process to minimize emissions of harmful gasses in the environment.
Application – Segment Analysis
FCC catalysts application is predicted to grow at a faster CAGR over the coming years. Increasing use of FCC method by refineries to convert heavy hydrocarbons into lower valuable fractions and rising demand for gasoline are fueling the segment’s growth. Further, increasing investment in the petroleum refining industry to meet the growing demand will propel the market growth.
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Region – Segment Analysis
Asia-Pacific region is forecast to dominate the overall refinery catalyst market till 2027, owing to the rising number of private sector companies. Factors including rising population, rapid industrialization, growing demand for refined products and transportation fuels, and strict environmental norms will propel the market growth. The strong presence of leading companies which include Albemarle Corporation, Unicat Catalyst Technologies Inc, and Honeywell Uop, is driving the regional growth.
Top Market Players
Various notable players operating in the market include Arkema, Clariant, BASF SE, Zeolyst International, Johnson Matthey, Chevron Corporation, Evonik Industries AG, Exxon Mobil Corporation, DuPont, and Albemarle Corporation, among others.
Key Developments:
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- In July 2021, BASF expands chemical catalyst recycling capacity and capability. The site recycles precious metals from industrial scrap, primarily chemical catalysts, and will complement BASF’s existing precious metal recycling.
- In Aug 2020, ExxonMobil entered into a partnership with Global Clean Energy Holdings for the production of renewable diesel.
- In Jun 2020, Clariant and the VUCHT research institute in Duslo are emphasizing on transforming waste into wealth with the help of proprietary technique and Clariant’s HYDEX E next-gen hydro-dewaxing catalyst. VUCHT has successfully converted plastic waste into premium winter fuel distillate.
- In 2020, BASF SE introduced a new FCC catalyst, Fortune, for Gasoil feedstock based on BASF’s Multiple Framework Topology (MFT) technology to offer improved butylene over propylene selectivity while maintaining catalyst activity.
- In 2019, Exxon Mobil Corporation partnered with Albemarle Corporation to establish the Galexia Platform, a transformative suite of hydroprocessing catalysts and services. This platform offers an improved way of doing business by addressing customer demands in a better way at every stage throughout the value chain.
Segments covered in the Report:
The global refinery catalysts market has been segmented on the basis of material, application, and regions. Based on material, the market is segmented into zeolites, metallic, chemical compounds, and others. Based on application, the market is segmented into FCC catalysts, alkylation catalysts, hydrotreating catalysts, hydrocracking catalysts, catalytic reforming, and others.
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Key questions answered in this research report:
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- At what pace is global refinery catalysts market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in refinery catalysts market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global refinery catalysts market?
- Which material generated maximum revenues in 2019 and identify the most promising material during the forecast period?
- What are the various application areas of global refinery catalysts market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues (2020) |
7,183 Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Material, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Arkema, Clariant, BASF SE, Zeolyst International, Johnson Matthey, Chevron Corporation, Evonik Industries AG, Exxon Mobil Corporation, DuPont, Albemarle Corporation, among others; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Refinery Catalysts Market by Material
-
- Zeolites
- Metallic
- Chemical Compounds
- Others
Global Refinery Catalysts Market by Application
-
- FCC Catalysts
- Alkylation Catalysts
- Hydrotreating Catalysts
- Hydrocracking Catalysts
- Catalytic Reforming
- Others
Global Refinery Catalysts Market by Region
-
- North America Refinery Catalysts Market (Option 1: As a part of the free 25% customization)
- By Material
- By Application
- US All-Up
- Canada All-Up
- Europe Refinery Catalysts Market (Option 2: As a part of the free 25% customization)
- By Material
- By Application
- UK Refinery Catalysts Market All-Up
- Germany All-Up
- France All-Up
- Spain All-Up
- Rest of Europe All-Up
- Asia-Pacific Refinery Catalysts Market (Option 3: As a part of the free 25% customization)
- By Material
- By Application
- China Refinery Catalysts Market All-Up
- India All-Up
- Japan All-Up
- Rest of APAC All-Up
- RoW Refinery Catalysts Market (Option 4: As a part of the free 25% customization)
- By Material
- By Application
- Brazil Refinery Catalysts Market All-Up
- South Africa All-Up
- Saudi Arabia All-Up
- UAE All-Up
- Rest of world (remaining countries of the LAMEA region) All-Up
- North America Refinery Catalysts Market (Option 1: As a part of the free 25% customization)
Major Players Operating in the Refinery Catalysts (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- Arkema
- Clariant
- BASF SE
- Zeolyst International
- Johnson Matthey
- Chevron Corporation
- Evonik Industries AG
- Exxon Mobil Corporation
- DuPont
- Albemarle Corporation
Frequently Asked Question About This Report
Refinery Catalysts Market [UP1724-001001]
Refinery Catalyst market is projected to grow at CAGR of 4.9% till 2027.
Growing use of refinery catalysts in petroleum refining to improve the operational efficiency of petroleum is one of the major factors fueling the global refinery catalyst market.
Refinery Catalyst market size reached 7,183 Million in 2020.
Various notable players operating in the market include Arkema, Clariant, BASF SE, Zeolyst International, Johnson Matthey, Chevron Corporation, Evonik Industries AG, Exxon Mobil Corporation, DuPont, and Albemarle Corporation, among others.
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Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Refinery Catalysts Market & Trends Analysis Report by Material (Zeolites, Metallic, Chemical Compounds, and Others), By Application (FCC Catalysts, Alkylation Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, Catalytic Reforming, and Others), and By Region – Global Opportunities & Forecast, 2020-2027
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