Global Refinery Catalyst Market

Refinery Catalyst Market Size, Share, Growth Analysis, By Types(Zeolites, Metals, Chemical Compounds, Others), By Catalyst Material(Fluid Catalytic Cracking (FCC) Catalyst, Hydrotreating Catalysts, Hydrocracking Catalyst, Alkylation Catalyst), By Region - Industry Forecast 2024-2031

Report ID: SQMIG10E2021 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 75

Refinery Catalyst Market News

  • 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.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Refinery Catalyst Market size was valued at USD 6.55 billion in 2019 and is poised to grow from USD 6.8 billion in 2023 to USD 9.1 billion by 2031, growing at a CAGR of 3.7% in the forecast period (2024-2031).

The 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. 'Albemarle Corporation', 'BASF SE', 'Clariant AG', 'W.R. Grace & Co.', 'Axens S.A.', 'Johnson Matthey PLC', 'Honeywell International Inc.', 'Haldor Topsoe A/S', 'Criterion Catalysts & Technologies L.P.', 'Arkema S.A.', 'Evonik Industries AG', 'JGC C&C', 'Exxon Mobil Corporation', 'Royal Dutch Shell plc', 'Chevron Corporation', 'Dow Chemical Company', 'Nippon Ketjen Co., Ltd.', 'UOP LLC', 'Zeolyst International', 'IFP Energies nouvelles.'

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.

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.

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 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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Catalyst Market
Buy Now GET FREE SAMPLE
Automotive Catalyst Market
Buy Now GET FREE SAMPLE
Oil Refining Market
Buy Now GET FREE SAMPLE
Hydrogen Production Catalysts Market
Buy Now GET FREE SAMPLE
Heterogeneous Catalyst Market
Buy Now GET FREE SAMPLE
Emission Control Catalysts Market
Buy Now GET FREE SAMPLE
Industrial Catalytic Converter Market
Buy Now GET FREE SAMPLE
Polyolefin Catalyst Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Refinery Catalyst Market

Report ID: SQMIG10E2021

$5,300
BUY NOW GET FREE SAMPLE