Refinery Catalyst Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[210+ Pages Report] According to the report published by Facts Factors, the global refinery catalyst market size was worth around USD 7,200 million in 2019 and is predicted to grow to around USD 9,300 million by 2026 with a compound annual growth rate (CAGR) of roughly 3.5% between 2020 and 2026. The report analyzes the global refinery catalyst market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the refinery catalyst market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the refinery catalyst industry. The report analyzes and declares the historical and current trends analysis of the refinery catalyst industry and subsequently recommends the projected trends anticipated to be observed in the refinery catalyst market during the upcoming years.

The refinery catalyst market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire refinery catalyst market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• According to the primary respondents, the global refinery catalyst market is set to grow annually at a rate of around 3.5%
• The market was valued at around USD7,200million, in 2019 and is projected to reach around USD 9,300million, in 2026.
• In 2019, the “FCC catalysts” category dominated the type segmentation of the market and is projected to continue its dominance throughout the forecast period.
• “Zeolites” category of the material segment is expected to grow significantly during the forecast period owing to its increasing usage in the refining and petrochemical industries.
• Based on the application segmentation, the “oil refinery” category held a significant share, in 2019.
• The Asia Pacific accounted for the largest market share of the global refinery catalyst market, in 2019.

Key Recommendations from Analysts

• As per our analysts, the global refinery catalyst market is anticipated to grow significantly during the upcoming years. The growing adoption of refinery catalysts in the oil refineries is increasing market growth.
• The rise in the transportation industry has increased the consumption of petroleum fuels. Therefore, this, in turn, is expected to boost the application of refinery catalysts.
• The Asia Pacific is the potential region for the global refinery catalysts market. The presence of a large number of crude oil refining plants in countries like China, India, Japan, and South Korea is increasing the demand for refinery catalysts.
• Growing at a CAGR around 3.5%, the global refinery catalysts market provides several opportunities for suppliers and manufacturers.
• Our analysts have identified the “oil refinery” category is the major consumer of the refinery catalysts across the globe.
• The major players of the global refinery catalysts market are focusing on product development and innovation. For instance, BASF has recently introduced the Fortress NXT FCC catalyst. This will help refineries with heavy feed especially to improve their production of liquid products.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the refinery catalyst industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the refinery catalyst industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the refinery catalyst market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the refinery catalyst industry. The refinery catalyst market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the refinery catalyst sector. Key strategic developments in the refinery catalyst market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the refinery catalyst market are appropriately highlighted in the report.

The rising application of refinery catalystsin the petroleum industryis expected to boost the global refinery catalyst market.The increasing energy demand across the globe is one of the major factors driving the market growth. With the growing population, the number of vehicles is also increasing which is further projected to accelerate the demand for petroleum fuels, thereby, propelling the global refinery catalyst market.

The refinery catalyst market research report delivers an acute valuation and taxonomy of the refinery catalyst industry by practically splitting the market on the basis of different types, materials, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The regional segmentation of the refinery catalyst industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the refinery catalyst industry is provided for the leading economies of the world.

The refinery catalyst market is segmented based on Type, Material, and Application. On the basis of type segmentation, the market is classified into FC catalysts, hydrotreating catalysts, hydrocracking catalysts, catalytic reforming catalysts, and others. Based on the material, the market is segregated into zeolites, metals, and chemical compounds. In terms of application segmentation, the market is bifurcated into an oil refinery, chemical synthesis, polymer manufacturing, and others.

Report Scope

Some of the leading players in the global market include

• Arkema Group
•  W. R. Grace & Co.
•  Honeywell
•  Criterion Catalysts & Technologies
•  Axens SA
•  HaldorTopsoe A/S
• BASF SE
• China Petroleum & Chemical Corporation
• Albemarle Corporation
• Clariant International Ltd
• Chempack
• Exxon Mobil Corporation
• KNT Group

The taxonomy of the refinery catalyst market by its scope and segmentation is as follows:

By Type Segmentation Analysis

• FCC Catalysts
• Hydrotreating Catalysts
• Hydrocracking Catalysts
• Catalytic Reforming Catalysts
• Others

By Material Segmentation Analysis

• Zeolites
• Metals
• Chemical Compounds

By Application Segmentation Analysis

• Oil Refinery
• Chemical Synthesis
• Polymer Manufacturing
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa