Global Refinery Catalysts Market, By Type (Fluid Catalytic Cracking, Reforming, Hydrotreating, Hydro

Published Date: June 2019 | Report Code : CH2058774

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The Global Refinery Catalysts Market is projected to reach USD 6.72 billion by 2028, growing at a CAGR of 4.1% during the forecast period.

Refinery Catalysts Market

Refinery Catalysts Market

Refinery catalysts due to their properties are commonly used in petroleum refineries to change the chemical reaction rate. In addition, the quality of the gasoline products generated by FCC and hydro-processing is also enhanced. Refinery catalysts are known to minimize the adverse effects of gasoline and diesel on the environment. This is because they help in removing sulfur from crude oil. Growth in the worldwide market for refinery catalysts is ascribed primarily to stringent government regulations on the use of crude oil goods. Stringent government regulations related to Ultra-Low Sulfur Diesel (ULSD) and strict emission standards among developed regions, such as the U.S. and Canada, are anticipated to drive the global refinery catalysts market demand in the petroleum refining sector. Furthermore, the availability of alternative fuels, such as biofuels, and the adoption of Go Green and emission standards raised by multiple nations are expected to hamper the growth of the refinery catalysts market.

On the basis of type, the market is segmented into Fluid Catalytic Cracking, Reforming, Hydrotreating, Hydrocracking, Isomerization, and Alkylation. Among these, the Fluid catalytic cracking segment is expected to have the highest demand during the forecast period. Fluid catalytic cracking is a type of secondary unit operation used in producing additional gasoline in the refining process. Owing to soaring diesel and gasoline consumption as the primary transportation fuel is expected to boost the refinery catalyst demand during the forecast period.

Refinery Catalysts Market

Refinery Catalysts Market

Based on material, Zeolites are expected to account for the biggest market share during the forecast period. Zeolites are extensively used refinery materials, owing to their characteristics to provide microporosity and adjustable acidity, thus making it ideal for petrochemical applications. In addition, these are widely used in processes, such as olefin dealkylation, naphtha isomerization, reforming, hydrocracking, and cracking.

Asia Pacific is expected to be the largest market for refinery catalysts. In the Asia Pacific, the growing demand for transportation fuels from emerging countries is expected to drive the development of the refinery catalysts market. The region will also witness the fastest growth across the globe due to the up gradation and capacity expansions of refineries in India and China. The world’s largest refinery complex of Reliance Industry is situated in India with an annual capacity of 60 MMTPA. The refineries in this region are now upgrading and becoming more complex in order to extract light distillates from harder residues in order to increase their profit margins.

Key Factors Impacting the Growth of Refinery Catalysts Market:

  • Increase in the consumption of energy worldwide.
  • Growing demand for petroleum by-products.
  • Stringent environmental regulations.
  • Diminishing crude oil reserves.
  • High production cost.
  • Fluctuating precious metal prices.

Key Developments in the Refinery Catalysts Market:

  • In April 2017, Rotary Engineering Ltd (Singapore) signed a contract with Emirates National Oil Co. (ENOC) of Dubai which amounts to USD 1 billion. Rotary Engineering will make 12 storage tanks refinery which will store the increased production of jet fuel, naphtha, and gasoline blendstocks.
  • In July 2017, Axens (France) developed Craken series of hydrocracking catalysts for optimum cycle time and efficient processing of the feedstock. This would assist the business to achieve a competitive advantage over other industry players providing various catalysts for hydroprocessing.
  • In April 2018, Indian Oil Corporation (India) planned on investing USD 3.5 billion to expand and upgrade its refineries and boost its marketing network.

What Does This Report Provide?

This report provides a detailed understanding of the global refinery catalysts market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the refinery catalysts market.

Market Segmentation:

By Type:

  • Fluid Catalytic Cracking
  • Reforming
  • Hydrotreating
  • Hydrocracking
  • Isomerization
  • Alkylation

By Material:

  • Zeolite
  • Metal
  • Chemical Compound
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Material
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Type
    • By Material
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Material
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Type
    • By Material
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Type
    • By Material
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Material

Companies Covered: JGC C&C, Honeywell International Inc, Haldor Topsoe A/S, Filtra Catalysts and Chemicals Ltd., Exxon Mobil Corporation., Criterion Catalysts & Technologies L.P., Clariant, China Petrochemical Corporation., Chempack, BASF SE, Axens, Arkema, Anten Chemical Co, Albemarle Corporation, W. R. Grace & Co, NESTE, and Advameg Inc.

Years Considered In The Study

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

4.1%

Reasons to Buy This Report:

  • Market size estimation of the global refinery catalysts market on a regional and global basis.
  • The unique research design for market size estimation and forecast.
  • Profiling of major companies operating in the refinery catalysts market with key developments.
  • Broad scope to cover all the possible segments helping every stakeholder in the market.

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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