The Refining catalyst market size is forecast at 3.17% growth from $5 billion in 2022 to $6.4 billion in 2030. The refining catalyst market size outlook report from USD Analytics presents a comprehensive analysis of Zeolites, Metals, and Chemical Compounds. The report also provides an outlook of different processes including FCC Catalysts, Alkylation Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, and Catalytic Reforming.
The global refining catalyst market is one of the potential growth sectors in the oil and gas downstream industry. The market growth for petroleum products, predominantly in developing countries encourages the market for refining catalysts.
Refining Catalyst Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
The global Refining Catalyst market size stood at $5 billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the Refining Catalyst market is likely to register a steady revenue increase at a compounded annual growth rate of 3.17 percent to reach $6.4 billion by 2030.
Refining Catalyst Market Dynamics- Strong growth prospects for companies in the medium-term future
Refinery catalysts refer to all catalysts used across different units and processes in a crude oil refinery. The market growth is driven by global oil demand and the utilization rates of refineries. An increasing number of strict environmental regulations coupled with planned Greenfield refineries, capacity expansions, and complexity upgrade projects.
Most of these projects are being developed in Asia, South and Central American, and African markets. The industry is highly competitive with large capital-intensive companies operating in the industry. Accordingly, companies such as Honeywell offer a diverse range of highly selective, higher-activity catalysts, along with equipment, licensing, and technical support.
Key refining catalyst market trends include secondary processing unit development, investments from national oil companies, new refining capacity development plans, complexity improvement plans, and positive outlook in the near-term future.
On the other hand, overcapacity and low refinery utilization rates, regulatory challenges, and the negative impact of COVID pose difficulties to market growth across countries.
Refining Catalyst Market Trend- Emerging countries remain the main focus of refining catalyst companies
As refining companies across the world focus on efficient petroleum refining processes to meet new fuel standards, the developing countries in Asia Pacific, Latin America, and African countries present significant growth potential.
Amidst the need for lower operating costs and extended cycle lengths in refineries, the need for efficient refining catalysts is increasingly observed across refineries with different complexities.
With an increasing number of hydrocracking units being installed in refineries, the demand for efficient refining catalysts is widely observed. In addition, stringent regulations across markets coupled with optimistic market conditions for the refining industry are encouraging leading players to invest in capacity expansion in the region.
Refining Catalyst Market Share Analysis- Zeolites held the dominant market share in 2022
The refining catalyst industry analysis analyzes key product types including Zeolites, Metals, and Chemical compounds. Of these, Zeolites held the dominant market share of around 48%, owing to the key benefits offered by these catalysts such as superior topology, wide specific surface area, high-temperature resistance, pore structure, tunable hydrophilicity, and others.
Refining Catalyst Market Segmentation
Types
Process
Companies
1. Executive Summary
1.1 Introduction to Refining Catalyst Markets
1.2 Refining Catalyst Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Refining Catalyst Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Refining Catalyst Market Trends
3.1.1 Increasing demand for refined petroleum products
3.1.2 High NCI refineries gain demand growth
3.1.3 R&D investments in highly efficient and cost-effective refining catalysts
3.2 Key Refining Catalyst Market Growth Drivers
3.2.1 Refining construction activities in Asia and the Middle East
3.2.2 High octane fuels gain wide acceptance
3.3 Key Refining Catalyst Market Growth Restraints
3.3.1 Refinery shutdowns in the European region
3.3.2 Shift toward electric vehicles
3.3.3 Fluctuating prices of raw materials
4 Refining Catalyst Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Refining Catalyst Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Refining Catalyst Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Refining Catalyst Market Size Outlook to 2030
5. Refining Catalyst Market Segmentation- Outlook by Type
5.1 Refining Catalyst Market Share Analysis by Type, 2023
5.2 Zeolites Market Outlook to 2030
5.3 Metals Market Outlook to 2030
5.4 Chemical Compounds Market Outlook to 2030
6. Refining Catalyst Market Segmentation- Outlook by Process
6.1 Refining Catalyst Market Share Analysis by Process, 2023
6.2 FCC Catalysts: Refining Catalyst Market Outlook to 2030
6.3 Alkylation Catalysts: Refining Catalyst Market Outlook to 2030
6.4 Hydrotreating Catalysts: Refining Catalyst Market Outlook to 2030
6.5 Hydrocracking Catalysts: Refining Catalyst Market Outlook to 2030
6.6 Catalytic Reforming: Refining Catalyst Market Outlook to 2030
7. North America Refining Catalyst Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Refining Catalyst Market Growth Opportunities
7.2.1 North America Refining Catalyst Market Outlook by Type, 2021 to 2030
7.2.2 North America Refining Catalyst Market Outlook by Application, 2021 to 2030
7.2.3 North America Refining Catalyst Market Outlook by Country, 2021 to 2030
7.3 United States Refining Catalyst Market Outlook, 2021 to 2030
7.4 Canada Refining Catalyst Market Outlook, 2021 to 2030
7.5 Mexico Refining Catalyst Market Outlook, 2021 to 2030
8. Europe Refining Catalyst Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Refining Catalyst Market Growth Opportunities
8.2.1 Europe Refining Catalyst Market Outlook by Type, 2021 to 2030
8.2.2 Europe Refining Catalyst Market Outlook by Application, 2021 to 2030
8.2.3 Europe Refining Catalyst Market Outlook by Country, 2021 to 2030
8.3 Germany Refining Catalyst Market Outlook, 2021 to 2030
8.4 France Refining Catalyst Market Outlook, 2021 to 2030
8.5 United Kingdom Refining Catalyst Market Outlook, 2021 to 2030
8.6 Spain Refining Catalyst Market Outlook, 2021 to 2030
8.7 Italy Refining Catalyst Market Outlook, 2021 to 2030
8.8 Other Europe Refining Catalyst Market Outlook, 2021 to 2030
9. Asia Pacific Refining Catalyst Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Refining Catalyst Market Growth Opportunities
9.2.1 Asia Pacific Refining Catalyst Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Refining Catalyst Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Refining Catalyst Market Outlook by Country, 2021 to 2030
9.3 China Refining Catalyst Market Outlook, 2021 to 2030
9.4 Japan Refining Catalyst Market Outlook, 2021 to 2030
9.5 India Refining Catalyst Market Outlook, 2021 to 2030
9.6 South Korea Refining Catalyst Market Outlook, 2021 to 2030
9.7 Indonesia Refining Catalyst Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Refining Catalyst Market Outlook, 2021 to 2030
10. South and Central America Refining Catalyst Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Refining Catalyst Market Growth Opportunities
10.2.1 South and Central America Refining Catalyst Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Refining Catalyst Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Refining Catalyst Market Outlook by Country, 2021 to 2030
10.3 Brazil Refining Catalyst Market Outlook, 2021 to 2030
10.4 Argentina Refining Catalyst Market Outlook, 2021 to 2030
10.5 Other Latin America Refining Catalyst Market Outlook, 2021 to 2030
11. Middle East and Africa Refining Catalyst Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Refining Catalyst Market Growth Opportunities
11.2.1 Middle East and Africa Refining Catalyst Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Refining Catalyst Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Refining Catalyst Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Refining Catalyst Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Refining Catalyst Market Outlook, 2021 to 2030
11.5 Other Middle East Refining Catalyst Market Outlook, 2021 to 2030
11.6 Egypt Refining Catalyst Market Outlook, 2021 to 2030
11.7 South Africa Refining Catalyst Market Outlook, 2021 to 2030
11.8 Other Africa Refining Catalyst Market Outlook, 2021 to 2030
12. Profiles of major world Refining Catalyst Companies
12.1 China Petroleum & Chemical Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 Chevron Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 Clariant
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 Royal Dutch Shell plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 DuPont
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 Evonik Industries AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.8 Exxon Mobil Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
12.9 Haldor Topsoe A/S
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.10 Honeywell International Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
Types
Process
Increasing demand for refined petroleum products, refining construction activities in Asia and the Middle East, High NCI refineries gain demand growth, R&D investments in highly efficient and cost-effective refining catalysts
The global Refining Catalyst market size stood at $5 billion in 2022.
From 2023 to 2030, the Refining Catalyst market is likely to register a steady revenue increase at a compounded annual growth rate of 3.17 percent to reach $6.4 billion by 2030.
Albemarle Corporation, BASF SE, Chevron Corporation, Clariant, Royal Dutch Shell plc, DuPont, Evonik Industries AG, Exxon Mobil Corporation, Haldor Topsoe A/S, Honeywell International Inc, China Petroleum & Chemical Corporation, W. R. Grace & Co
High-octane fuels gain wide acceptance, supporting strong market growth