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
Introduction of the Refinery Catalysts Market Report
Catalysts improve the rate of chemical reactions and are considered as a prominent part of a process in terms of time and cost-efficiency. Refinery catalysts are used for the process of converting petroleum refining products from crude oil to octanes liquid products, which include kerosene, diesel, gasoline, and others. These catalysts are used in several processes, such as hydrocracking, hydrotreating, catalyst reforming, and others.
To have an edge over the competition by knowing the market dynamics and current trends of “Refinery Catalysts Market,” request for Sample Report here
Market Dynamic
Key Drivers and Emerging Trends
The major factor driving the growth of the global refinery catalysts market is the increasing demand for petroleum and petroleum-derived chemicals/products. Moreover, the growing demand for high octane fuel in countries such as Japan, U.S., U.K., India, and Germany due to strict regulations is another factor contributing to the growth of the market. Furthermore, refinery catalysts are highly used to counter issues, which include metal contamination and heat balance effect in tight oil processing. This factor, along with rising tight oil production in the U.S., China, Russia, and Argentina, is further propelling the growth of the global refinery catalysts market. Furthermore, the huge availability of alternative fuels, including biofuel, supported by the adoption of several environmental policies and “Go Green” campaigns by various nations, is further boosting the growth of the market. In addition, manufacturers in the catalyst industry across the globe are focussing on developing catalysts that have the ability to handle all kinds of feedstock and ensure reliable, stable, easy, and profitable hydrocracking and hydrotreating applications. These factors play a crucial role in supplementing the growth of the global refinery catalysts industry.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Material – Segment Analysis
Based on the material, the zeolites segment is projected to grow at a higher CAGR during the forecast period. Zeolites are hydrated aluminosilicate minerals, which belong to the family of microporous solids. They are highly used as catalysts and absorbents attributed to their large surface area and porosity. The porous nature of zeolites accommodates various cations, which include sodium (Na+), potassium (K+), magnesium (Mg2+), and calcium (Ca2+). Furthermore, zeolites are commercially manufactured from the slow crystallization of silica-alumina gel and multiple other atoms integrated to enhance performance and activity in a particular process. These factors play a crucial role in supplementing the growth of the zeolites segment in the global refinery catalysts market.
Application – Segment Analysis
On the basis of the application, the FCC catalysts segment is anticipated to grow at a faster CAGR over the forecast period. This is mainly due to the increasing demand for gasoline as a fuel for its use in automotive vehicles worldwide. Gasoline is a material obtained from the fluid catalytic cracking process along with other fractions, which includes diesel and C3 and C4 gaseous fractions. This method is mostly preferred by the refineries to convert high and heavy boiling hydrocarbons to lower valuable fractions. Moreover, this method helps in producing an additional quantity of gasoline to cater to the rising demand for automotive vehicles. These factors are likely to boost the growth of the FCC catalysts segment in the global refinery catalysts market.
In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here
Region – Segment Analysis
Based on the region, the Asia-Pacific region is expected to grow at a higher CAGR over the forecast period. This is mainly attributed to the growing number of private sector companies in India and China, such Oilmax Energy Pvt. Ltd. and Drivol Lubricants. Additionally, the rising development capacities of oil production in refineries of developing countries in this region are further bolstering the growth of the market. For instance, Indian Oil Corp. Ltd. planned to invest INR 1.8 trillion for the expansion of Gujarat and Barauni refineries to further expand the refining capacity in the country. These factors are contributing to the growth of the refinery catalysts market in Asia-Pacific.
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:s
-
- In 2020, BASF SE announced the launch of a new FCC catalyst, Fortune, for Gasoil feedstock. This catalyst is based on BASF’s Multiple Framework Topology (MFT) technology to provide enhanced butylene over propylene selectivity while maintaining catalyst activity.
- In 2019, Exxon Mobil Corporation collaborated with Albemarle Corporation to create the Galexia Platform, which is a transformative suite of hydroprocessing catalysts and services. This platform allows an enhanced way of doing business by ensuring customer demands are better addressed 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.
For detailed scope of the “Refinery Catalysts Market” report request a Sample Copy of the report
Key questions answered in this research report:
-
- 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 Currency |
USD 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)
- North America Refinery Catalysts Market by Material
- North America Refinery Catalysts Market by Application
- US Refinery Catalysts Market All-Up
- Canada Refinery Catalysts Market All-Up
- Europe Refinery Catalysts Market (Option 2: As a part of the free 25% customization)
- Europe Refinery Catalysts Market by Material
- Europe Refinery Catalysts Market by Application
- UK Refinery Catalysts Market All-Up
- Germany Refinery Catalysts Market All-Up
- France Refinery Catalysts Market All-Up
- Spain Refinery Catalysts Market All-Up
- Rest of Europe Refinery Catalysts Market All-Up
- Asia-Pacific Refinery Catalysts Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Refinery Catalysts Market by Material
- Asia-Pacific Refinery Catalysts Market by Application
- China Refinery Catalysts Market All-Up
- India Refinery Catalysts Market All-Up
- Japan Refinery Catalysts Market All-Up
- Rest of APAC Refinery Catalysts Market All-Up
- RoW Refinery Catalysts Market (Option 4: As a part of the free 25% customization)
- RoW Refinery Catalysts Market by Material
- RoW Refinery Catalysts Market by Application
- Brazil Refinery Catalysts Market All-Up
- South Africa Refinery Catalysts Market All-Up
- Saudi Arabia Refinery Catalysts Market All-Up
- UAE Refinery Catalysts Market All-Up
- Rest of world (remaining countries of the LAMEA region) Refinery Catalysts Market 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
Licensing Options
Single-User License:
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
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
$ 3,499.00 – $ 5,649.00