Global Refinery Catalyst Market by Material (Chemical Compounds, Metallic, Zeolites), by Application (FCC, Hydrotreating, Hydrocracking, Alkylation) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global refinery catalyst market was valued at USD6.6 billion in 2019. It is expected to grow at a compound annual rate (CAGR of 4.7%) between 2020 and 2027. Due to rising demand for transportation fuel worldwide, the market is expected grow. Market growth will be slowed by strict regulations and increased demand for petroleum products/chemicals. To improve the efficiency of petroleum, refinery catalysts are used by the petroleum refining sector. Due to strict regulations, there is expected to be an increase in demand for high-octane gasoline, especially in the U.S., Japan and Germany. This will positively impact the growth of the refinery catalyst market.

Refinery catalysts are used extensively to combat issues like metal contamination and heat imbalance effect during tight oil processing. Market growth is expected to be driven by increased tight oil production in the U.S. and Argentina over the forecast period. The main factors driving demand for petroleum refining catalysts are expected to be strict government regulations, including those related to Ultra Low Sulfur Diesel (ULSD), and strict emission standards in mature countries. Refinery catalysts market growth will be limited by the availability of alternative fuels like biofuel and the adoption of environmental policies and campaigns by many countries.

There are many types of materials that can be used to make refinery catalysts, including zeolites and chemical compounds as well as metals. When these materials are combined with other chemicals, they can be used to make fluid catalytic cracking refinery cats, alkylation refinery catalytic catalysts and hydrotreating refinery caterers.

Refinery catalyst manufacturers around the world are focused on designing catalysts that can handle any type of feedstock. They also ensure easy, stable, reliable, profitable hydrotreating or hydrocracking applications. The manufacturers have also been able to gain an advantage by adopting superior process designs and innovative equipment. Manufacturers are increasingly adopting a combination technical expertise and sustainable production methods.

Material Insights

The zeolites segment had a 33.1% market share in 2019 in terms of revenue. The hydrated aluminosilicate mineral zeolites is a member of the microporous solids family. Because of their large surface area and porosity, they are often used as adsorbents and catalysts . Zeolites have a porous structure that can accommodate a wide range of cations, including potassium (K+), sodium(Na+), calcium (2+), and magnesium (2+). Zeolites are naturally formed from the reaction of volcanic rock and ash layers with alkaline waters. Natural zeolites can be impure due to other minerals, metals and quartz. Zeolites can be commercially produced from slow crystallizations of silica-aluminagel and multiple other atoms that are added to enhance activity and performance.

The type of feedstock used, desired cycle length and the end product sought determine the metal catalyst that will be used. Clariant and BASF SE, which are major suppliers and manufacturers of FCC and hydrocracking catalysts in various regions, are among the most prominent. The favorable regulatory support for FDI mineral production in Chile, China and South Africa will ensure that there is sufficient raw material supply for metal catalyst manufacturers. There is a growing demand for noble and other metals in these emerging economies. The growing demand for these metals in different applications will likely limit raw material availability, which could hinder the growth of refinery catalyst markets over the forecast period.

Application Insights

FCC catalysts dominated the market, with a 45.0% share in terms of revenue for 2019. This segment has seen a significant increase in demand for gasoline to power automobiles around the world. Fluid catalytic cracking, hydro treating catalysts and hydrocracking catalysts are all examples of application-based segments.

Refineries prefer fluid catalytic cracking to convert high-boiling hydrocarbons to lower value fractions. Along with other fractions like diesel, C3 and C4 gaseous gases, gasoline is the primary product of the process. This allows for the production of additional gasoline to meet growing demand for automotive vehicles. The lighter parts of the process are fed to an alkylation unit, which produces high-octane gasoline components called alkylate. The heavier fractions are used to blend with diesel.

Hydrotreating, also known as hydro desulfurization, is used to remove chemically bound sulfur compounds. It uses a variety refinery catalysts selected based upon the feed. This process can also be used to remove other impurities, such as oxygen, nitrogen, and metals. This unit is used in multiple stages of the refinery to hydrotreat various products, including jet fuel, pyrolysis gases, catalytic feed and reformer feed. To avoid contamination of catalysts by crude feedstock, hydrotreating is done before catalytic reforming. Hydrocracking can also be used prior to catalytic cracking in order to reduce sulfur and increase yields. It can also elevate middle distillate petroleum fractions for heating fuel oil, diesel fuel, and kerosene.

Regional Insights

Asia Pacific was the dominant market, with a 30.1% revenue share in 2019. In 2019, India and China were the top two largest refinery catalyst markets. The refining industry has been boosted by the increasing number of private sector firms, especially in India. The largest refinery in the country, Jamnagar, was operated by Reliance in Gujarat. It produced 1.2 million barrels per hour in 2019. India's government has approved the Petroleum, Chemicals and Petrochemicals Investment Region policy to encourage FDI in the oil and natural gas sector. This regulatory decision is expected to increase India's petrochemicals production and contribute to the growth of the market for refinery catalysts in the future.

High manufacturing costs and stringent environmental regulations are causing low margins in Europe's refineries. This Russian regulatory move is expected to increase the demand for catalysts in refinery applications. Technology developments related to enhanced oil recovery, and hydraulic fracturing activities in countries such as Russia and Ukraine are expected to lead to an increase in tight oil and shale oil availability. The availability of shale gas is expected to increase, which will allow for easier access to raw materials at refineries in Germany, France and Italy. This could have a positive effect on the market price for refinery catalysts.

The European Commission's inclination to reduce Greenhouse Gas (GHG), in conjunction with regulatory bills promoting biofuels, is expected increase enzyme catalyst demand. Horizon 2020, a strategy to promote sustainable development by boosting the industry growth in naturally derived materials, was also announced by the commission. The governments of France, Germany and Italy have created various policies and regulations to encourage the use and production of biodiesel. This is expected to drive market growth in the future.

Market Share Insights & Key Companies

These companies provide their products to many industries, including polymer manufacturing, chemicals, and automotive through a variety of distribution channels, such as direct supply agreements and third-party supply deals via vendors or wholesalers. Clariant International Ltd. and Albemarle Corporation are part of their operations. They manufacture raw materials like zeolites and chemical compound that they use to make heterogeneous or homogenous catalysts. The market leader in refinery catalysts is:

• Albemarle Corporation

• BASF SE

• Johnson Matthey Plc

• W. R. Grace

• Clariant International Ltd.

Up Market Research published a new report titled “Refinery Catalyst Market research report which is segmented by Material (Chemical Compounds, Metallic, Zeolites), by Application (FCC, Hydrotreating, Hydrocracking, Alkylation), By Players/Companies W R Grace, Johnson Matthey Plc, Albemarle Corporation, BASF SE, Clariant International Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Refinery Catalyst Market Report Segments:

The market is segmented by Material (Chemical Compounds, Metallic, Zeolites), by Application (FCC, Hydrotreating, Hydrocracking, Alkylation).

Refinery Catalyst Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Refinery Catalyst Market

Overview of the regional outlook of the Refinery Catalyst Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Refinery Catalyst Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Refinery Catalyst Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Chemical Compounds

                2. Metallic

                3. Zeolites

                1. FCC

                2. Hydrotreating

                3. Hydrocracking

                4. Alkylation

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Refinery Catalyst Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Refinery Catalyst Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.