The Middle East oil refining catalyst market is crucial, leveraging advanced technologies for efficient processes. Catalysts, vital in hydrocracking and hydrotreating, ensure cleaner, sustainable fuel production. Catalysis is integral to petroleum production, with most systems being catalytic. Oil refining catalysts, essential for upgrading crude oil fractions, offer diverse advantages across applications. Fluidized catalytic cracking (FCC) stands out as a key process, transforming alkanes into valuable fuels and olefins. This sector's strategic importance and catalyst versatility underscore its integral role in the region's oil refining landscape.
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Data Bridge Market Research analyses that the Middle East Oil Refining Catalyst Market which was USD 132.27 million in 2022, is expected to reach USD 250.32 million by 2030, and is expected to undergo a CAGR of 8.3% during the forecast period of 2023 to 2030. Global energy consumption is surging, driven by the growing need for transportation fuels. Catalysts play a crucial role in enhancing the quality of petroleum derivatives, including gasoline, meeting the escalating demand for high-quality refined products.
Key Findings of the Study
Imperative desulfurization in refineries is expected to drive the market's growth rate
Desulfurization is gaining importance among oil manufacturers due to its vital role. Removing sulfur enhances oil and consumer product efficiency, mitigates environmental impacts, and boosts the durability of technical machinery in oil treatment processes. The imperative for desulfurization aligns with a broader goal of producing cleaner, more efficient fuels while addressing climate concerns, making it a crucial aspect of contemporary oil refining practices.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Fluidized Catalytic Cracking (FCC), Residue Fluidized Catalytic Cracking (RFCC), Hydrotreating, Hydrocracking, Diesel Fuel Dewaxing, and Oligomerization of Butane-Butylene Fraction and Aromatization of Paraffins), Catalyst (Zeolites, Metals, and Chemicals), Distribution Channel (Direct Sales/B2B, Distributors/Third-Party Distributors/Traders, E-Commerce, and Others), Application (Diesel, Kerosene, Distillate Dewax, and Others)
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Countries Covered
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Algeria, Bahrain, Jordan, Israel, Iraq, Iran, Egypt, Kuwait, Oman, Qatar, Turkey, Saudi Arabia, U.A.E.
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Market Players Covered
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Royal Dutch Shell plc (Netherlands), 3M (U.S.), Dow (U.S.), Exxon Mobil Corporation (U.S.), W. R. Grace & Co.-Conn (U.S.), Anten Chemical Co.,Ltd (China), Johnson Matthey (U.K.), Clariant (Switzerland), BASF SE (Germany), China Petrochemical Corporation (China), Albemarle Corporation (U.S.), Honeywell International Inc (UOP LLC) (A subsidiary of the Honeywell International Inc) (U.S.) , Haldor Topsoe A/S (Denmark), Arkema (France), Kuwait Catalyst Company (Kuwait)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Middle East oil refining catalyst market is segmented on the basis of type, catalyst, distribution channel, and application.
- On the basis of type, the Middle East oil refining catalyst market is segmented into fluidized catalytic cracking (FCC), residue fluidized catalytic cracking (RFCC), hydrotreating, hydrocracking, diesel fuel dewaxing, and oligomerization of butane-butylene fraction and aromatization of paraffins
- On the basis of catalyst, the Middle East oil refining catalyst market is segmented into zeolites, metals, and chemicals
- On the basis of distribution channel, the Middle East oil refining catalyst market is segmented into direct sales/b2b, distributors/third-party distributors/traders, e-commerce, and others
- On the basis of application, the Middle East oil refining catalyst market is segmented into diesel, kerosene, distillate dewax, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major Middle East oil refining catalyst market players in Middle East oil refining catalyst market are Albemarle Corporation (U.S.), Honeywell International Inc (UOP LLC) (A subsidiary of the Honeywell International Inc) (U.S.) , Haldor Topsoe A/S (Denmark), Arkema (France), Kuwait Catalyst Company (Kuwait)
Market Developments
- In December 2022, SABIC, OQ, and Kuwait Petroleum International signed an agreement for a petrochemicals complex in Oman's Duqm economic zone, featuring a steam cracker, derivatives units, and an NGL extraction facility. This substantial investment underscores the sector's growth, such asly bolstering the demand for oil refinery catalysts. The agreement signals ongoing expansion and synergy among major industry players, aiming to capitalize on opportunities in both domestic and international markets
- In May 2022, Kuwait announced plans to construct the world's largest petroleum research center in al-Ahmadi, emphasizing advancements in production and refining techniques. Featuring 28 laboratories, the center aims to innovate methods, particularly in heavy crude extraction and non-associated gas. This initiative underscores Kuwait's dedication to technological progress in the petroleum sector, aligning with the goals of the growing oil refinery catalyst market by fostering research and development for enhanced refining processes
- In March 2022, BASF introduced Fourtitude, an innovative Fluid Catalytic Cracking (FCC) catalyst tailored to optimize butylene production from resid feedstocks. This breakthrough catalyst reflects BASF's commitment to advancing refining technologies, enhancing efficiency, and meeting the evolving demands of the petrochemical industry by maximizing the yield of valuable butylenes in the refining process
Regional Analysis
Geographically, the countries covered in the Middle East oil refining catalyst market report are Algeria, Bahrain, Jordan, Israel, Iraq, Iran, Egypt, Kuwait, Oman, Qatar, Turkey, Saudi Arabia, U.A.E
As per Data Bridge Market Research analysis:
Saudi Arabia is the dominant region in the Middle East oil refining catalyst market during the forecast period 2023-2030
Saudi Arabia dominates the Middle East oil refining catalyst market, leveraging its significant concentration in petrochemical industries. The abundance of these key facilities in the region enhances the demand for advanced catalyst technologies. This dominance is propelled by the country's strategic position as a global oil hub, emphasizing its crucial role in shaping the dynamics of the oil refining catalyst market in the Middle East.
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