Refining Catalysts Market Research Report - Forecast to 2027

Refining Catalyst Market Information: By Type (FCC Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, Catalytic Reforming Catalysts) Ingredients (Zeolites, Metals, and Chemical Compounds) and Region Forecast Till 2027

ID: MRFR/CnM/1035-HCR | February 2021 | Region: Global | 118 pages

Refining Catalyst Market Overview:


The Catalyst Refining market is estimated to exhibit a CAGR of over 3.1% during the forecast, 2019–2027.  


catalyst enhances the rate of chemical reactions and are considered a critical part of a process in terms of cost and time efficiency. Refinery catalyst are used in refineries for the process of converting petroleum refining products from crude to high octanes liquid products such as diesel, kerosene, gasoline, and others. These catalysts are used in various processes such as hydrotreating, hydrocracking, and catalyst reforming among others.


The growing demand for cleaner petroleum products is the major factor driving the growth of the refining catalyst market during the assessment period. Moreover, the growing population across the globe has triggered the need for energy, which is contributing to the growth of the market. Moreover, the growing oil and gas related activities, especially in the emerging Asia Pacific region, is also likely to fuel the demand for refinery catalyst during the forecast period.


On the basis of type, hydrocracking catalyst segment is expected to exhibit the highest growth during the forecast period. The hydrocracking catalysts are used extensively because it does not produce coke as a by-product, which results in the efficient conversion of feedstock. On the basis of the ingredient, the metal segment accounted for the largest share in 2019 and is anticipated to exhibit the same trend during the forecast period. The metals are highly employed in hydrocracking and hydrotreating for the removal of unwanted particles and for reducing emissions of harmful gases. Thereby, the growing demand for less emitting fuel owing to the stringent government regulations is majorly contributing to the growth of the segment.


Key Players


Some of the prominent players operating in the global Refining catalyst are Albemarle Corporation. W. R. Grace & Co., Haldor Topsoe A/S, Honeywell, Uop Llc., Criterion Catalysts & Technologies L.P, Axens Sa, BASF SE, China Petroleum & Chemical Corporation, Clariant International Ltd, and Johnson Matthey Plc among others.


Refining catalyst Share by Ingredients


 Refining catalyst Share


Source: MRFR analysis


Regional Analysis 


The global refining catalyst market is segmented into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.


Asia Pacific is the largest market and is expected to grow at an expanding CAGR during the assessment period. The presence of the most populated economies has augmented the demand for energy in the region, which is a significant factor driving the demand for refining catalyst in the region. Moreover, the rapid development of polymer manufacturing and refining companies in the region is affecting the market growth positively. Furthermore, the presence of the largest refinery in the region is also projected to drive the demand for refinery catalysts .


The Middle East is expected to grow at a steady CAGR owing to the growing oil and gas exploration activities.


The North American region is another dominant market for refinery catalyst. The recent shale gas boom in the region has boosted the demand for refinery catalyst mainly in the U.S. Moreover, the stringent regulations pertaining to the use of crude emission is significantly the revenue of the refinery catalyst market.


Segmental Analysis


The global refining catalyst is segmented into a type, ingredients, and region. On the basis of the type, the market is segregated into Fluid Catalytic Cracking (FCC) Catalysts, hydroprocessing catalysts, catalytic reforming catalysts, and others. On the basis of the ingredients, the market is segregated into zeolites, metals, chemical compounds and others.


Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Industry News:


In February 2020, researchers from the University of Sydney declared that the new silica-aluminum material has been developed using the strongest acidity of all silica-aluminum materials created. This material will find significant use as a catalyst in the petroleum refining process. This also gets ample application in biofuel manufacturing. Scientists revealed that it could lessen the carbon dioxide emissions (CO2) 28 percent during crude oil production.


 


Intended Audience



  • Refining catalyst  producers

  • Traders and Distributors of Refining catalyst   market

  • Production process industries

  • Potential investors



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   3.1% (2019-2027)
  Base Year   2018
  Forecast Period   2019-2027
  Historical Data   2017
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Ingredients
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Albemarle Corporation. W. R. Grace & Co., Haldor Topsoe A/S, Honeywell, Uop Llc., Criterion Catalysts & Technologies L.P, Axens Sa, BASF SE, China Petroleum & Chemical Corporation, Clariant International Ltd, and Johnson Matthey Plc
  Key Market Opportunities

  • The presence of the most populated economies
  • The rapid development of polymer manufacturing and Refining companies
  •   Key Market Drivers

  • Growing demand for cleaner petroleum products
  • Growing oil and gas related activities
  • Growing demand for less emitting fuel
  • The presence of the largest refinery
  • The stringent regulations pertaining to the use of crude emission
  • Increasing tight oil production
  • The availability of alternative fuels


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    Frequently Asked Questions (FAQ) :


    The global refining catalysts market is expected to expand at 4% CAGR from 2018 to 2023.

    High demand for clean petroleum products is the major driver of the global refining catalysts market.

    Hydrocracking catalysts can dominate in the ‘type’ segment in the global refining catalysts market.

    The APAC region is estimated to contribute the maximum to the global refining catalysts market due to the massive demand for energy in developing economies.

    Haldor Topsoe A/S, Axens Sa, Clariant International Ltd, W. R. Grace & Co., China Petroleum & Chemical Corporation, Albemarle Corporation, Johnson Matthey Plc, Honeywell, Uop Llc., BASF SE, and Criterion Catalysts & Technologies L.P are major players in the global refining catalysts market.