Refinery Catalyst Market Size, Share, Trends, Growth and Forecast 2032

Refinery Catalyst Market Insights

Zion Market Research has published a report on the global Refinery Catalyst Market, estimating its value at USD 5.27 Billion in 2023, with projections indicating that it will reach USD 6.75 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 2.8% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Refinery Catalyst industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

Request Free Sample

Global Refinery Catalyst Market: Overview

Refining catalyst supports the transformation of petroleum refinery naphthas to high-octane liquid compounds. Additionally, it also helps in the transformation of low octane hydrocarbons to cyclic naphthalenes. Then, the latter are dehydrogenated to generate aromatic hydrocarbons having huge octane number. Thus, refining catalyst outputs high valued elements to be used in diesel, petrochemicals, and gasoline. Refining catalysts comprise of platinum as the catalyst to manufacture oil products.

Global Refinery Catalyst Market: Growth Factors

The massive use of the product to manufacturing a large majority of gasoline products through processes will steer the growth of the refinery catalyst market over the years ahead. Global refinery catalyst market is primarily driven by the escalating demand for cleaner petroleum products. Additionally, the burgeoning popularity of refined products is projected to lead to the escalating growth of refinery catalyst market in the foreseeable future. The rapid increase in the unconventional oil reservoirs will further boost the market growth.

Request Free Sample

The refinery catalyst market progress may be hampered by the steadily increasing popularity of substitute sources of power including natural gas, wind power, solar power, and other different renewable sources of energy. Crude oil also contributes notably towards GHG emissions, thereby leading towards ecological degradation across the world. This has prompted many firms to find new eco-friendly options such as electric vehicles and solar power plants. These factors can minimize crude oil reliance, hence impacting the profits of crude oil factories globally. This will obstruct the refinery catalyst market scope over the forthcoming years.

Nonetheless, petroleum refiners are funding massively for the upgradation and expansion of the refineries for fulfilling the emission and sulfur content guidelines. This will favorably affect refinery catalyst market revenue over the forthcoming timespan.

Global Refinery Catalyst Market: Segmentation

The global refinery catalyst market can be divided into type and material.

Based on the type, the market is classified into hydroprocessing, alkylation, fluid catalytic cracking, and reforming & isomerization.

On the basis of material, the refinery catalyst market is sectored into zeolite, metal, and chemical compound.

Refinery Catalyst Market: Report Scope

Global Refinery Catalyst Market: Regional Analysis

Based on the region, the global refinery catalyst market can be divided into five main regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The Asia Pacific is predicted to contribute notably towards the market size in the coming years, subject to the humungous presence of refining factories in countries such as China, India, Japan, and South Korea. The region is also projected to experience rapid growth, subject to upgradation and capacity expansion of refineries in China and India.

The massive use of petroleum products along with escalating use of petroleum feedstock in gasoline & ultra-low sulfur diesel in countries of Latin America will accelerate the growth of refinery catalyst market in Latin America. Additionally, the large-scale consumption of petroleum feedstock in propylene, ethylene, and butadiene in North America are offering new horizons of growth to the refinery catalysts industry in the region.

Europe and the Middle East and Africa have huge as well as untapped market growth potential and are likely to contribute sumptuously towards the market earnings in the foreseeable future.

Global Refinery Catalyst Market: Competitive Players

Few of main participants in refinery catalyst market are-

• Clariant
• Honeywell UOP
• E.I. du Pont de Nemours & Company
• Royal Dutch Shell
• INEOS Group Limited
• HaldorTopsoe
• Albemarle Albemarle Corporation
• Exxon Mobil Corporation
• Johnson Matthey
• Axens
• BASF.

The global refinery catalyst market is segmented as follows:

By Type

• Fluid Catalytic Cracking (FCC) Catalysts
• Hydroprocessing Catalysts
  • Hydrotreating Catalysts
  • Hydrocracking Catalysts
• Catalytic Reforming Catalysts
• Others
  • Alkylation Catalysts
  • Isomerization Catalysts

By Ingredient

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • 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