Middle East Oil Refining Catalyst Market – Industry Trends and Forecast to 2030

Middle East Oil Refining Catalyst Market Analysis and Size  

The Rising demand for quality fuel such as gasoline and other petroleum derivatives have carved the way for the growth of oil refining catalyst. Moreover, the stringent environmental regulations regarding sulphur content and octane number of fuel drives the usage of oil refining catalyst. The growing global energy demand due to growth of population and urbanization too fuels the oil refining catalyst consumption.

Data Bridge Market Research analyses that the Middle East oil refining catalyst market which was USD 132.27 million in 2022, would rocket up to USD 250.32 thousand by 2030, and is expected to undergo a CAGR of 8.3% during the forecast period of 2023 to 2030. “Fluidized catalytic cracking (FCC)” dominates the type segment of the oil refining catalyst market owing to the usage in the wide number of refineries to produce petroleum based products such as light alkenes and high-octane gasoline. 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.

Middle East Oil Refining Catalyst Market Scope and Segmentation

Market Definition

The Middle East oil refining catalyst market refers to the market that deals with the catalysts used in refining of crude oil. They are used to increase the effectiveness and efficiency of oil refining operations by converting crude oil into valuable refined petroleum products namely diesel, gasoline and other petroleum derivatives. They not only enhance the rate of reaction but also improve the quality of product and improving the overall refinery performance. The market growth of oil refinery catalyst is fuelled by factors such as rise in the global energy demand, government stringent regulations, and focus on improvement of fuel quality.

Middle East Oil Refining Catalyst Market Dynamics

Drivers

• Imperative Desulfurization in Refineries

Desulfurization of oil products gradually draws interest to oil manufacturers. The elimination of sulfur often improves oil and consumer product efficiency and eliminates adverse effects on the climate, while improving the intensity of the technical machinery in its oil treatment. The price of oil products is significantly affected by sulfur even though they contribute mainly to machinery and the pollution of the environment

• Rising Demand for Gasoline and Other Petroleum Derivatives

The global energy consumption is continuing to rise, as there is an increasing demand to meet transportation fuels needs. The catalyst plays an important role in increasing the quality of petroleum products such as gasoline and other refined products. They also meet the stringent environmental regulations of the government to improve fuel quality. Moreover, the growing population and urbanization are the factors that are accounted for demand growth of gasoline and other petroleum derivatives

• Stringent Regulations Regarding the Sulphur Content and Octane Number of the Fuel

Environmental regulations such as standards regarding to sulphur emissions and octane number regulations aims to reduction of sulphur content in transportation fuels and enhance the performance and quality of petroleum products such as gasoline respectively. Using the oil refinery catalyst will help refineries to comply with such regulations and produce high quality and clean fuels

Opportunities

• Growing Use of Catalysts for Biochemical Synthesis Reactions

The major developments in enzyme development and production, biocatalysts are primarily used for synthesizing fine chemical components and medicinal compounds. The researchers developed in vivo artificial enzyme tandem reactions through the development of synthetic biology and metabolic engineering tools to mimic the synergistic effects of cascade reagents catalyzed by various enzymes. Therefore, the production of A single tandem enzyme or chemical enzyme in vitro is increasingly centred because of its simple and concision catalytically systems and the method of oil purification

• Increasing Research and Development Activities for Improving the Efficacy of Catalysts

Developing new techniques for catalytic action in lipase applications for – anti-natural substrates is in high demand due to their biological processes. These insights highlight the ability of technology to prepare highly active semi-synthetic lipase such as enzyme nanomatopoly immobility, site-specific chemically controlled enzyme interfaces, which offered the ideal biocatalyst for a variety of critical bioprocesses, including biodiesel manufacturing, regioselective carbon identification and kinetic resolving of specific drug catalysts

Restraints/Challenges

• Volatility in Raw Material Prices

The raw materials that are used in catalyst production such as zeolites and metals experience price fluctuations because of various factors such as supply and demand. When such prices of raw materials are unstable they can affect the production cost of catalysts further can lead to high prices for end-users such as refineries

• Technological Advancements Leading to Decreased Consumption of Catalysts

The changing market trend for petroleum products would not only need an improvement in refining production, but would also involve a change in refining design. Given the need for an improved middle distillation, it is important to prioritize effective distillation and isolation of materials (in rough distilling and conversion plants), compiler optimization of feed and activities for Fluid Catalytic Cracking (FCC), optimum middle distillation column hydro cracker mode (in which possible),optimum hydro treater operations, and cutting-edge catalyst for maximum middle distillate production

This oil refining catalyst market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 oil refining catalyst market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth

Recent Developments

• In May 2022, Kuwait is planning to build the world's largest petroleum research centre. The centre, scheduled to be constructed in al-Ahmadi, south of Kuwait City, aims to enhance the industry's production and refining techniques. With 28 laboratories, it will focus on developing improved methods for various applications, including the extraction of heavy crude and non-associated gas. This initiative demonstrates Kuwait's commitment to advancing technological advancements and innovation in the petroleum sector. The research center's efforts to enhance production and refining techniques align with the goals of the growth of oil refinery catalyst market
• In December 2022, an agreement was signed between SABIC, Oman's state energy company OQ, and Kuwait Petroleum International to develop a petrochemicals complex in the Duqm economic zone in Oman. The complex will include a steam cracker, derivative units, and a natural gas liquid (NGL) extraction facility. This project signifies a significant investment in the petrochemical sector, which will likely to drive the demand for oil refinery catalysts. It also highlights the continued expansion and collaboration among major industry players to capitalize on growth opportunities in both domestic and international markets

Middle East Oil Refining Catalyst Market Scope

The refining catalyst market is segmented on the basis of type, catalyst, distribution channel, and application. 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

• Hydrotreating
• Gasoline
• Kerosene
• Diesel
• Vacuum Gas Oil
• Catalytic Cracking Gasoline
• Residual Feed
• Fluidized Catalytic Cracking (FCC)
• Distributed Matrix Structures (DMS) Technology
• ProximaL Stable Matrix and Zeolite (Prox-Smz) Technology
• Boron-Based Technology (BBT)
• Improved Zeolite Y (IZY) Technology
• Multiple Framework Topologies (MFT) Technology
• Residue Fluidized Catalytic Cracking (RFCC)
• Hydrocracking
• DieseL FueL Dewaxing
• Oligomerization of Butane-Butylene Fraction and Aromatization of Paraffins

Catalyst

• Zeolites
• NaturaL Zeolites
• Synthetic Zeolites
• Metals
• Precious Metals
• Platinum (PT)
• Palladium (PD)
• Gold (AU)
• Others
• Rare Earth Metals
• Transition and Base Metals
• Molybdenum (MO)
• Tungsten (W)
• Cobalt (CO)
• Nickel (NI)
• Iron (FE)
• Zirconium (ZR)
• Manganese (MN)
• Chromium (CR)
• Others
• Chemicals
• Sulfuric Acid
• Hydrofluoric Acid
• Calcium Carbonate
• Others

Distribution Channel

• Direct Sales/BB
• Distributors/Third-Party Distributors/Traders
• E-Commerce
• Others

Application

• Diesel
• Kerosene
• Distillate dewax
• Others

Oil Refining Catalyst Market Regional Analysis/Insights

The oil refining catalyst market is analysed and market size insights and trends are provided by country, type, catalyst, distribution channel, and application as referenced above.

The countries covered in the oil refining catalyst market report are Algeria, Bahrain, Jordan, Israel, Iraq, Iran, Egypt, Kuwait, Oman, Qatar, Turkey, Saudi Arabia, and U.A.E. in the Middle East region

Saudi Arabia dominates the oil refining catalyst market because of the presence of large number of petrochemical industries present in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Oil Refinery Industry Growth and New Technology Penetration

The oil refining catalyst market also provides you with detailed market analysis for every country growth in petroleum industry, installed new refineries, impact of technology using life line curves and changes in oil refinery regulatory scenarios and their impact on the oil refining catalyst market. The data is available for historic period from 2015 to 2020.

Competitive Landscape and Oil Refining Catalyst Market Share Analysis

The oil refining catalyst market competitive landscape provides details by competitor. 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 oil refining catalyst market.

Some of the major players operating in the oil refining catalyst market are

• 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)

SKU-55436