Refinery Catalyst Market Statistics 2019-2025: Share Forecasts, Trends & Growth drivers
Category: #business  By Ashwin Naphade  Date: 2019-09-13
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Refinery Catalyst Market Statistics 2019-2025: Share Forecasts, Trends & Growth drivers

The prime objective of Refinery Catalyst Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.

Europe refinery catalyst market will clutch more than 20% of the revenue share in future due to the presence of petrochemical industry and refineries in many European countries. Middle East & Africa will grow with the CAGR of over 4% in future owing to the extensive production of crude oil & gas.

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Entire oil & gas rig count witnessed a massive fluctuation in the past couple of years with record low prices and weakening demand. Global oil rig count fell from 3,570 in 2014 to 1,969 in 2015 and further dropped to 1,772 by the end of 2016. Refinery catalysts are employed in various processes that include isomerization, reforming, desulfurization, catalytic cracking, etc. The product help refiners to meet operational efficiency, manage fuel standards, without affecting the environment. Shrinking fuel quality standards includes reduction of benzene, olefins, etc. to shift towards fuels that are extremely low in sulfur content, which has escalated demand of catalyst for chemical synthesis.

Refinery Catalyst Market is likely to cross USD 5.5 billion by 2025; according to a new research report. The revival of global oil & gas industry plays a noteworthy role in the product market. The increasing number of oil & rigs will increase the refined petroleum products which will further propel the refinery catalyst market by the end of 2025.

Product variants consist of hydro processing, alkylation, reforming & isomerization and FCC (fluid catalytic cracking). Among these, alkylation catalyst market is expected to grow with a CAGR of more than 3% for the forecast spell. These catalysts are mainly used to convert low-molecular-weight alkenes such as a mixture of butene and propene along with isobutane into alkylate.

 

On materials basis, refinery catalysts market is subdivided into chemical compound, zeolite, metal & others. In terms of revenue, the chemical compound segment is expected to grow with a CAGR of more than 2% by 2025. Sulfuric acid, hydrofluoric acid and other chemicals compounds are suitably used as chemicals compounds-based catalysts. Chemicals compounds are immensely used in alkylation processes that is likely to propel its demand in the coming years.

Availability and fluctuating raw material prices may hamper the product market growth during the projected timespan. The production of refinery catalyst includes eminent usage of unique earth metals such as vanadium, tungsten, molybdenum, etc. which are available at very few locations globally. This will restrict the product market growth in future.

Major competitors of refinery catalyst market include Royal Dutch Shell PLC, Albemarle Corporation, BASF SE, Exxon Mobil Corporation, Clariant AG, Honeywell UOP LLC, W. R. Grace & Co, Johnson Matthey, Axens SA, Unicat Catalyst Technologies, Inc, JGC Catalysts and Chemicals Ltd. These companys emphasis product advancement to upsurge the refinery productivity under severe environmental regulations.

Refinery catalyst market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

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Refinery Catalyst Market, Type By Material

o FCC Catalyst

Zeolite 
Metal 
Chemical compound 
Others

o Hydroprocessing catalyst

Zeolite 
Metal 
Chemical compound 
Others

Hydrotreating catalyst

o Zeolite 
o Metal 
o Chemical compound 
o Others

Hydrocracking catalyst

o Zeolite 
o Metal 
o Chemical compound 
o Others

Other hydroprocessing catalyst

o Zeolite 
o Metal 
o Chemical compound 
o Others 
o Alkylation catalyst 
Zeolite 
Metal 
Chemical compound 
Others

o Reforming & Isomerization catalyst

Zeolite 
Metal 
Chemical compound 
Others 
o Others 
Zeolite 
Metal 
Chemical compound 
Others

Refinery Catalyst Market, By Material

o Zeolite 
o Metal 
o Chemical compound 
o Others

Report Content

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Refinery Catalyst Industry Insights

Chapter 4. Refinery Catalyst Market, Type by Material

Chapter 5. Refinery Catalyst Market, By Material

Chapter 6. Refinery Catalyst Market, By Region

Chapter 7. Company Profiles

7.1. Royal Dutch Shell PLC

7.2. Albemarle Corporation

7.3. China Petroleum & Chemical Corporation (Sinopec Corp.)

7.4. BASF SE

7.5. Exxon Mobil Corporation

7.6. Clariant AG

7.7. Honeywell UOP LLC

7.8. W. R. Grace & Co.

7.9. Johnson Matthey

7.10. Haldor Topsoe A/S

7.11. Dorf-Ketal Chemicals India Private Limited

7.12. Axens SA

7.13. Pingxiang Chempack Imp & Exp Co., Ltd.

7.14. Unicat Catalyst Technologies, Inc.

7.15. JGC Catalysts and Chemicals Ltd.

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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