Global Refinery Catalyst Market
Global Refinery Catalyst Market
By Product (Hydrotreating Catalysts, Hydrocracking Catalyst, FCC Catalysts, Catalytic Reforming Catalysts), Ingredient (Chemical Compounds, Zeolites, Metals) and Region (North America, Asia Pacific, Europe, Latin America, Rest of the World) Market Size, Status and Forecast to 2025
The global refinery catalyst market was valued at USD 6.81 billion in 2017 and is projected to reach USD 8.69 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025.
Refinery catalysts belongs to the class of chemical compounds that improve the process of catalytic cracking. Catalytic cracking is a process employed in the oil & gas industry. The market is expected to witness significant growth owing to rise in number of refineries and capacity additions in Asia Pacific.
1. Market Drivers
1.1 Higher demand for refined petroleum products
1.2 Increase in refinery capacity across Asia Pacific and the Middle East
1.3 Upgradation of existing low NCI refineries
2. Market Restraints
2.1 High cost of usage of polymeric adsorbents
The global refinery catalyst market is segmented on the basis of product, ingredient, and region.
1. Global Refinery Catalyst Market, by Product:
1.1 Fluid Catalytic Cracking Catalysts
1.2 Hydroprocessing Catalysts
1.2.1 Hydrotreating Catalysts
1.2.2 Hydrocracking Catalysts
1.3 Catalytic Reforming Catalysts
1.4.1 Alkylation Catalysts
1.4.2 Isomerization Catalysts
2. Global Refinery Catalyst Market, by Ingredient:
2.1.1 Natural Zeolites
2.1.2 Synthetic Zeolite
2.2.1 Precious Metals
2.3 Rare Earth Elements
2.3.1 Transition & Base Metals
2.4 Chemical Compounds
2.4.1 Sulfuric Acid & Hydrofluoric Acid
2.4.2 Calcium Carbonate
3. Global Refinery Catalyst Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Albemarle Corporation
2. W.R. Grace & Co.
3. Haldor Topsoe A/S
4. Honeywell UoP LLC
5. Criterion Catalysts & Technologies LP
6. Axens SA
7. Sinopec Corp
8. Clariant International Ltd.
9. Johnson Matthey PLC
10. Arkema Group
11. Exxon Mobil Corporation
12. KNT Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Refinery Catalyst Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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