ID: MRFR/CnM/3025-HCR | February 2021 | Region: Global | 111 pages
Refinery Catalyst Market Scenario:
The Refinery Catalyst Market is expected to grow at a CAGR of 4% during the forecast period.
Refinery Catalyst Market are utilized in different processes such as FCC, hydrotreating, hydrocracking, and catalytic reforming. FCC catalyst segment holds one of the biggest share in the refinery catalyst market. FCC catalysts plays a pivotal role in the alteration of heavy atmospheric residue and vacuum distillates into fractions of motor fuels, mainly gasoline. It is widely used to convert the high-boiling, high molecular weight hydrocarbon fractions of petroleum crude oils into more valuable gasoline, olefinic gases and other products. The growing demand for FCC catalysts from the refining industry in emerging economies, such as China and India, also stringent environmental regulations are the key factor for driving the FCC catalyst in global refinery catalyst market.
Increasingly stringent fuel and environmental regulations, heavier crudes and feedstock, and soaring energy demand have created complex, and sometimes conflicting, challenges for refiners operating hydro processing units. In response, many refiners are building new licensed units or revamping their existing facilities. Many refinery catalyst manufacturer provide customers with an optimized hydroprocessing solution from their extensive, leading-edge technology design portfolio. Refining catalyst are a crucial components in the processing of highly valued petrochemicals, gasoline, diesel and other fuels.
Based on ingredients, metals segment contributed for the largest market share of the refinery catalyst market. This growth can be credited to the growing use of metals for hydrocracking and hydrotreating to eradicate undesirable impurities and production of dangerous gases into the environment. Strict ecological regulations framed to reduce air pollution by diminishing the sulfur content in the gasoline and ultra-low sulfur content in diesel are further projected to drive the demand for metals in the refinery catalyst market.
Currently, the refinery catalyst market is in the growth stage. This is due to the global increase in energy consumption, rising demand for petroleum derivatives and stringent environmental regulations. However, the diminishing crude oil reserves will hinder the global refinery catalyst growth rate.
Global Refinery Catalyst Market
The substantial growth in the overall global energy consumption and volatility in global fuel prices has driven the global refinery catalyst market. These factors have certainly created a great potential for refinery catalyst market all around the world. Asia-Pacific region is the leading market for refinery catalysts market and is followed by North-America. The overall growth in refinery infrastructure and increase in fuel consumption in the countries such as India and China, is driving the market for Refinery Catalysts.
|Market Size||Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and Ingredients|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Albemarle Corporation (U.S), W. R. Grace & Co. (U.S), Haldor Topsoe A/S (Denmark), Honeywell, Uop LLC. (U.S), Criterion Catalysts & Technologies L.P. (U.S), Axens SA (France), BASF SE (Germany), China Petroleum & Chemical Corporation (Sinopec Corp.) (China), Clariant International Ltd (Switzerland) and Exxon Mobil Corporation (U.S)|
|Key Market Opportunities||Increasingly stringent fuel and environmental regulations, heavier crudes and feedstock, and soaring energy demand have created complex|
|Key Market Drivers||Growing purchasing power of consumers.|
Frequently Asked Questions (FAQ) :
The global refinery catalyst market is projected to grow at 4% CAGR during the forecast period.
FCC Catalysts, Hydrocracking Catalysts, Hydrotreating Catalysts, and Catalytic Reforming Catalysts are the main four types of refinery catalyst.
Growing purchasing power of consumers.
The sub segment - FCC catalyst by type holds the largest share in the refinery catalyst market. The segment is further expected to grow at the fastest rate during the review period.
W. R. Grace & Co. (US), Albemarle Corporation (US), Haldor Topsoe A/S (Denmark), Criterion Catalysts & Technologies L.P. (US), Honeywell, Uop LLC. (US), Axens SA (France), China Petroleum & Chemical Corporation (Sinopec Corp.) (China), BASF SE (Germany), Exxon Mobil Corporation (US), and Clariant International Ltd (Switzerland), are some of the leading players in the global refinery catalyst market.
1... Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3... Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Refinery Catalyst Market, By Type
4.2 FCC Catalysts
4.3 Hydrotreating Catalysts
4.4 Hydrocracking Catalysts
4.5 Catalytic Reforming Catalysts
5 Global Refinery Catalyst Market, By Ingredients
5.4 Chemical Compounds
6 Regional Market Analysis
6.2 North America
6.3.4 Rest of Europe
6.4.4 Rest of Asia-Pacific
6.5 Rest of the World
7... Competitive Analysis
7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Insulation Type/Service Benchmarking
7.3 Albemarle Corporation (U.S)
7.3.2 Insulation Type/Service Offering
7.4 W. R. Grace & Co. (U.S)
7.4.2 Insulation Type/Service Offering
7.5 Haldor Topsoe A/S (Denmark)
7.5.2 Insulation Type/Service Offering
7.6 Honeywell, Uop LLC. (U.S)
7.6.2 Insulation Type/Service Offering
7.7 Criterion Catalysts & Technologies L.P. (U.S)
7.7.2 Insulation Type/Service Offering
7.8 Axens SA (France)
7.8.2 Insulation Type/Service Offering
7.9 BASF SE (Germany)
7.9.2 Insulation Type/Service Offering
7.10 China Petroleum & Chemical Corporation (Sinopec Corp.) (China)
7.10.2 Insulation Type/Service Offering
7.11 Clariant International Ltd (Switzerland)
7.11.2 Insulation Type/Service Offering
7.12 Exxon Mobil Corporation (U.S)
7.12.2 Insulation Type/Service Offering