USD 6.75 billion
Refinery Catalyst Market Size, Share, Growth Analysis, By Type (Alkylation, Fluid Catalytic Cracking), By Material, By Form, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10E2021 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
66
|Figures:
75
Refinery Catalyst Market Insights
Refinery Catalyst Market size was valued at USD 6.8 Billion in 2023 and is poised to grow from USD 7.05 Billion in 2024 to USD 9.44 Billion by 2032, growing at a CAGR of 3.7% during the forecast period (2025-2032).
Any chemical compound with a dual purpose that is used in refineries to speed up the refining of raw materials while also controlling the rate of the chemical reaction is referred to as a refining catalyst. The process of recycling used dangerous catalysts into safe materials is known as refining catalysts. On the one hand, a refining catalyst is a chemical that is utilized as a catalyst in refineries to refine raw materials. It is the process of purifying spent or contaminated catalysts is also known as refining catalysts.
Zeolites, chemical compounds, and metals are a few of the different materials used in the production of refinery catalysts. These substances are utilised by manufacturers to create fluid catalytic cracking refinery catalysts, alkylation refinery catalysts, hydrotreating refinery catalysts, and hydrocracking refinery catalysts in various chemical combinations or by themselves.
Catalysts for refining are more than just compounds that affect the rate of reaction. In fact, they are essential for refining. A procedure won't proceed if the refining catalyst is absent during a step where it is necessary. For instance, hydrocracking won't occur if a platinum-based refining catalyst isn't present in the refinery's catalytic cracking unit at the time the procedure is being carried out. Refining catalysts are therefore not optional but rather crucial components of catalytic refining processes. The hydro processing and cracking units of refineries heavily rely on refining catalysts.
In the refining industry, catalysts are used to convert heavy oil into valuable, distillable products. They can be regenerated and used with a wide range of feedstocks to bring improved performance to refineries around the world.
US Refinery Catalyst Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Zeolite ingredient
Fastest Growth
Fluid Catalytic Cracking (FCC) Catalyst
Growth Rate
5.0% CAGR
Global Refinery Catalyst Market($ Bn)
Country Share for Asia pacific (%)
Global Refinery Catalyst Market
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Refinery Catalyst Market Segmental Analysis
Global Refinery Catalyst Market is segmented by type, material, form, application and region. Based on type, the market is segmented into alkylation, fluid catalytic cracking (FCC), reforming and isomerization, hydroprocessing (hydrocracking, hydrotreating), H-oil and enzyme-based catalyst. Based on material, the market is segmented into metal (platinum, palladium, nickel), zeolite, chemical compound (alumina, silica) and others. Based on form, the market is segmented into powder, granules and others. Based on application, the market is segmented into petroleum refining (gasoline production, diesel production, kerosene production), chemical synthesis and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Refinery Catalyst Market Analysis by Type
Based on the Type, Zeolite ingredient industry dominates the global market for refinery catalysts, due to its widespread application in the FCC process. The class of microporous solids includes minerals called hydrated aluminosilicates, or zeolites. Because of their porosity and substantial surface area, they are frequently utilised as adsorbents and catalysts. Zeolites' porous nature allows them to hold a wide range of cations, including calcium (Ca2+), magnesium (Mg2+), sodium (Na+), potassium (K+), and others.
The rise of refinery catalyst in the FCC process has been accelerated by its low cost and advantageous characteristics.
Refinery Catalyst Market Analysis by Catalyst Material
The Global Refinery Catalyst Market has been segmented on the basis of Catalyst Material as Fluid Catalytic Cracking (FCC) Catalyst, Hydrotreating Catalysts, Hydrocracking Catalyst, Alkylation Catalyst, Reforming Catalyst. Among these, Fluid Catalytic Cracking (FCC) Catalyst held the largest market share that is one of the main secondary procedures used in oil refineries, it transforms the high molecular weight and high boiling fractions of crude oil into more valuable products including olefin gases, gasoline, and others. The FCC segment is projected to create an absolute dollar opportunity of more than US$ 647.0 Mn during the period of 2022 and 2030. Thermal cracking, which was previously used to fracture petroleum hydrocarbons, has been entirely replaced by catalytic cracking. As a result, the refinery catalysts market's hydrocracking segment is expected to increase rapidly over the course of the projected period.
Global Refinery Catalyst Market BY Type
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Refinery Catalyst Market Regional Insights
The largest market is held by Asia Pacific, to expand at a CAGR over the course of the assessment year. According to reports, China and India were the second- and fifth-largest nations in 2019 in the global market for refinery catalyst. The most populous economies in the area have increased the region's energy demand, which is a major role in the demand for refining catalyst in the area. Additionally, the market growth is being positively impacted by the region's fast-paced expansion of polymer manufacturing and refining businesses. The largest refinery in the area's presence is also estimated to grow demand for refinery catalysts.
For the purpose of encouraging FDI investments in the oil and gas sector, the Indian government has approved the Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR) policy.
During the forecast years, refinery catalyst usage is anticipated to increase significantly in North America. The market is supported by the region's numerous oil reserves and rising oil imports. With a production rate of 15.3 million barrels per day and 61,200 million barrels in oil reserves, the United States is the world's largest importer of crude oil.
Due to high manufacturing costs and strict environmental restrictions, refineries in Europe are struggling with low profitability. It is anticipated that this regulatory change in Russia will increase demand for catalysts in refining applications. Limited crude oil and natural gas availability is also anticipated to increase as a result of technology advancements in enhanced oil recovery and the use of hydraulic fracturing in nations like Russia and the Ukraine. Refineries operating in Germany, France, and Italy are anticipated to be able to acquire raw materials due to rising shale gas and tight oil availability, which is anticipated to favourably affect the market for refinery catalysts.
Global Refinery Catalyst MarketBy Region
- Largest
- Fastest
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Refinery Catalyst Market Dynamics
Refinery Catalyst Market Driver
- Increased demand for petroleum derivatives drives increased market demand and boosts the market value of refinery catalysts. The size of the refinery market is increased by using high-octane fuel. The size of the refinery market is increased by strict environmental restrictions, the usage of high-quality refined products, and urbanization. The market expands due to the usage of ultra-low sulphur diesel produced using a hydrocracking catalyst. The petroleum fuel sector is anticipated to grow rapidly, from the drilling of diesel to the use of gasoline.
Advantages of Catalytic Cracking Over Thermal Cracking Processes
- The naphtha has a higher-octane number than coker naphtha and more chemical stability than mono- and di-olefins, which are present in much greater amounts in coker (thermally cracked) naphtha due to the presence of iso-paraffin components and aromatic compounds. Large quantities of olefin gases suited for producing polymer gasoline are also produced by catalytic cracking, along with smaller quantities of methane, ethane, and ethylene that can be utilized to create petrochemicals.
Refinery Catalyst Market Restraint
- Continuously ensuring adherence with the laws and standards poses a serious risk to the operations of the entire sector. Controlled air emissions, decreased toxicity in effluent discharges, regulation of sulphur content in finished products, and discharge fuels are all included.
- These demands and significant modifications to the refining process have altered operational setups and increased capital expenditures. Overall, it is a barrier to market expansion and will continue to be so in the future.
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Refinery Catalyst Market Competitive Landscape
The Global Refinery Catalyst Market is partially consolidated with major players operating in that market. Such as xens Group, Johnson Matthey Plc, China Petroleum & Chemical Corporation, Shell Catalysts & Technology, Arkema SA, Exxon Mobil Corporation, Gazprom PAO, etc. These players are adopting various strategies and comprising investments in R&D, partnership, and in new product launching.
Refinery Catalyst Market Top Player's Company Profiles
- BASF SE
- Albemarle Corporation
- W. R. Grace & Co.
- Honeywell UOP
- Haldor Topsoe A/S
- Axens
- Johnson Matthey
- Clariant AG
- Sinopec Corp.
- Chevron Phillips Chemical Company
- ExxonMobil Chemical Company
- Royal Dutch Shell plc
- LyondellBasell Industries N.V.
- Nippon Ketjen Co., Ltd.
- Criterion Catalysts & Technologies
Refinery Catalyst Market Recent Developments
- In June 2022, Albemarle Corporation (NYSE: ALB), With an investment of more than US$ 500 million, the La Negra III/IV chemical conversion plant becomes one of the most modern in Latin America. The new plant integrates a first-ever, thermal evaporator designed to significantly reduce the freshwater required per metric ton with a clear commitment to sustainability.
- In June 2022, BASF announced that it will offer a range of chemical intermediates with a product carbon footprint significantly below the global market average.
Refinery Catalyst Key Market Trends
- Refining catalysts have advantages due to the industry's increasing investment in R&D, technology, and capacity growth. The market's top manufacturers are concentrating on implementing new technologies, proprietary designs, and equipment upgrades for these catalysts while increasing profits. To guarantee stability and dependability, businesses are enhancing the catalytic qualities of the products. They will be able to generate high-quality fuel for less money because to this. The market is expanding as a result of the rising demand for the refinery to create petroleum products and derivatives including plastics, petroleum wax, naphthalene, paraffin wax, and refined asphalt.
Refinery Catalyst Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Refinery Catalyst Market Analysis, in terms of type Zeolites segment held the largest market share. They are formed by the reaction in presence of alkaline water with reaction of Volcanic rocks and ash layer. In presence of Application Fluid catalytic cracking has dominated the market. Among the regions, Asia Pacific has shown the substantial growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.75 billion |
| Market size value in 2031 | USD 10.47 billion |
| Growth Rate | 5.0% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Refinery Catalyst Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Refinery Catalyst Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Refinery Catalyst Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Refinery Catalyst Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Refinery Catalyst Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Refinery Catalyst Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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