Global refinery catalyst market, By Type (Alkylation, Fluid Catalytic Cracking, Reforming and Isomerization, Hydroprocessing, H-Oil, and Enzyme-Based Catalyst), Material (Metal, Zeolite, Chemical Compound, and Others), Form (Powders, Beads and Extrudes) - Industry Trends and Forecast to 2030.
Refinery Catalyst Market Analysis and Size
The rise in the number of rigorous laws for automobile emissions throughout the world is likely to drive growth in the refinery catalysts market during the forecast period. Furthermore, increased use of petroleum derivatives is expected to drive development in the refinery catalysts market. On the other hand, the rise in concerns connected to the decline in crude oil reserves and the rise in demand for electric cars is expected to stymie the expansion of the refinery catalysts market throughout the forecast period.
Data Bridge Market Research analyses that the refinery catalyst market which was USD 4.34 billion in 2022, is expected to reach upto USD 5.58 billion by 2030, and is expected to undergo a CAGR of 3.20% during the forecast period of 2023 to 2030. “Fluid catalytic cracking” dominates the type segment of the refinery catalyst market due to It is utilized to transform the high-molecular-weight hydrocarbon fraction of crude oil into a more usable material, and its considerable properties improve the efficiency of the refinery business.
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.
Refinery Catalyst Market Scope and 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 Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Alkylation, Fluid Catalytic Cracking, Reforming and Isomerization, Hydroprocessing, H-Oil, and Enzyme-Based Catalyst), Material (Metal, Zeolite, Chemical Compound, and Others), Form (Powders, Beads and Extrudes)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Shell (Netherlands), BASF SE (Germany), Honeywell International Inc (U.S.), Haldor Topsoe A/S (Denmark), Albemarle Corporation (U.S.), W. R. Grace & Co. (U.S.), Johnson Matthey plc (U.K.), Axens (France), Clariant (Switzerland), Arkema (France), Exxon Mobil Corporation (U.S.), JGC CORPORATION (Japan), Kuwait Catalyst Company (Kuwait), N.E. CHEMCAT (Japan), Porocel Corporation (U.S.), TAIYO KOKO Co. Ltd. (Japan), Yueyang Sciensun Chemical Co., Ltd. (China), DuPont (U.S.), and Magma Ceramics & Catalysts (Germany), among others
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Market Opportunities
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Market Definition
A refinery catalyst is a specialized substance used in the petroleum refining industry to facilitate chemical reactions that improve the conversion of crude oil into valuable refined products such as gasoline, diesel, and petrochemicals. These catalysts act as agents to enhance the efficiency and selectivity of various refining processes, such as hydrocracking, hydrotreating, catalytic cracking, and reforming.
Refinery Catalyst Market Dynamics
Drivers
- The Growing Demand for Energy, Especially in Emerging Economies
The growing energy demand is a significant driver in the global refinery catalyst market. It reflects the increasing need for refined petroleum products to meet the energy requirements of various sectors, including transportation, industry, and residential use. Rapid economic growth in emerging economies, such as China and India, has led to higher energy consumption. These countries are expanding their infrastructure, which requires substantial energy inputs. The population continues to grow in emerging economies, leading to increased energy consumption. As more people require energy for their daily activities, the demand for refined petroleum products, such as gasoline and diesel, rises.
The growing energy demand is a driver for the refinery catalyst market because it signifies the continued reliance on refined petroleum products to meet the energy needs of a growing global population and expanding industries. This sustained demand creates opportunities for refineries to process more crude oil and produce cleaner, higher-quality products, necessitating the use of catalysts to optimize refining processes and meet environmental regulations.
- Demand for Upgrading Feedstocks to Produce Higher-Quality Fuels and Petrochemicals
The focus on hydroprocessing is a key driver in the global refinery catalyst market. Hydroprocessing refers to a set of refining processes that use hydrogen and specialized catalysts to remove impurities, upgrade feedstocks, and produce cleaner, higher-quality petroleum products. Hydroprocessing can play a role in reducing greenhouse gas emissions by upgrading heavy and high-sulfur crude oils, making them suitable for use in cleaner-burning fuels. This supports efforts to combat climate change. Hydrocracking, a type of hydroprocessing, is used to convert heavy feedstocks into high-value products like gasoline and diesel. The ability to produce these valuable fuels enhances refinery profitability.
The focus on hydroprocessing is a driver in the refinery catalyst market because it aligns with the industry's objectives of producing cleaner, more environmentally friendly fuels and optimizing refining processes. The demand for hydroprocessing catalysts is driven by the need to meet stringent environmental regulations, reduce emissions, and produce higher-quality petroleum products that align with modern energy and sustainability goals.
Opportunity
- The Global Shift towards Cleaner Fuels, such as Low-Sulfur Diesel and Gasoline
Clean fuels refer to refined petroleum products with reduced levels of impurities, particularly sulfur and nitrogen compounds, and lower emissions of pollutants when burned. Stringent environmental regulations imposed by governments and international bodies require the production of cleaner fuels with significantly lower sulfur content. For instance, regulations such as Euro 6, EPA Tier 3, and IMO 2020 mandate ultra-low-sulfur diesel (ULSD) and low-sulfur gasoline to reduce air pollution and greenhouse gas emissions. Refinery catalysts are essential for achieving the necessary desulfurization and denitrification of feedstocks to meet these standards. Clean fuels are essential for alternative energy sources such as fuel cells and hydrogen fuel cell vehicles, where impurities can disrupt the operation of these technologies. Catalysts play a role in refining feedstocks for these applications.
The demand for clean fuels offers a substantial opportunity for the refinery catalyst market due to regulatory mandates, environmental awareness, emissions reduction goals, improved engine performance, and economic advantages. Refineries that invest in the production of cleaner fuels and employ advanced catalysts to meet these demands can benefit from market differentiation and contribute to a more sustainable energy future.
Restraint/Challenge
- Fluctuations in Crude Oil Prices can Impact Investment Decisions in the Refining Sector
Crude oil prices can fluctuate widely over relatively short periods, which can impact various aspects of the refinery industry. Refinery expansions, upgrades, and new projects require significant capital investments. Volatile crude oil prices make it challenging for refining companies to make long-term investment decisions with confidence, as the profitability of these projects is closely tied to the cost of their primary feedstock, crude oil. Refineries maintain inventories of both crude oil and finished products. When crude oil prices fluctuate, the valuation of existing inventories can vary, impacting financial reporting and tax liabilities.
The volatility in crude oil prices is a significant restraint in the refinery catalyst market because it introduces uncertainty and risk into the business operations and investment decisions of refineries. Refineries must carefully manage these risks and consider the potential impacts of price fluctuations on their profitability and competitiveness in the market.
This refinery catalyst market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Refinery catalyst market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In July 2021, BASF SE increases its capacity and competence for recovering chemical catalysts. The location will supplement BASF SE's existing precious metal recycling by recycling valuable metals from industrial debris, especially chemical catalysts
- In February 2021, Numaligarh Refinery Limited (NRL), a subsidiary of Bharat Petroleum Corporation Limited, has selected Axens to deliver innovative technology in the gasoline block for its Numaligarh Refinery Expansion Project (NREP). The business intends to increase the refinery's capacity to 9000 KT per year.
Global Refinery Catalyst Market Scope
The refinery catalyst market is segmented on the basis of type, material and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Alkylation
- Fluid Catalytic Cracking
- Reforming and Isomerization
- Hydroprocessing
- H-Oil
- Enzyme-Based Catalyst
Material
- Metal
- Zeolite
- Chemical Compound
- Others
Form
- Powders
- Beads
- Extrudes
Refinery Catalyst Market Regional Analysis/Insights
The refinery catalyst market is analysed and market size insights and trends are provided by type, material, and form are referenced above.
The countries covered in the Refinery catalyst market report are U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E., Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa
Asia-Pacific dominates the refinery catalysts market due to the population growth and industrialization are both on the rise. Furthermore, strict government rules and environmental restrictions will drive the refinery catalysts market forward in the region during the forecast period. South America is projected to observe a significant amount of growth in the refinery catalysts market due to the growth in the consumption of petroleum products. Furthermore, the increased demand for gasoline and ultra-low sulfur diesel is expected to drive the expansion of the refinery catalysts market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Refinery Catalyst Market Share Analysis
The refinery catalyst market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the refinery catalyst market.
Some of the major players operating in the refinery catalyst market are:
- Shell (Netherlands)
- BASF SE (Germany)
- Honeywell International Inc (U.S.)
- Haldor Topsoe A/S (Denmark)
- Albemarle Corporation (U.S.)
- W. R. Grace & Co. (U.S.)
- Johnson Matthey plc (U.K.)
- Axens (France)
- Clariant (Switzerland)
- Arkema (France)
- Exxon Mobil Corporation (U.S.)
- JGC CORPORATION (Japan)
- Kuwait Catalyst Company (Kuwait)
- N.E. CHEMCAT (Japan)
- Porocel Corporation (U.S.)
- TAIYO KOKO Co. Ltd. (Japan)
- Yueyang Sciensun Chemical Co., Ltd. (China)
- DuPont (U.S.)
- Magma Ceramics & Catalysts (Germany)
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