Catalyst Handling Services Market by Service Type (Catalyst loading/Unloading, Catalyst Screening, Segregation, & Storage, Catalyst Transport & Handling, Spent Catalyst Holding), End-use Industry (Petroleum Refining) and Region - Global Forecast to 2028
The catalyst handling services market is projected to reach USD 732 million by 2028, at a CAGR of 4.5% from USD 588 million in 2023. The catalyst handling services market encompasses a range of activities such as catalyst loading, unloading, storage, and regeneration. As catalyst-based processes continue to gain prominence in various sectors, the market presents a lucrative avenue for service providers to offer tailored solutions and ensure optimal performance of catalyst systems. The market's growth is further driven by the increasing focus on sustainability and environmental regulations, which require efficient catalyst management and maintenance.
Attractive Opportunities in the Catalyst Handling Services Market
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Catalyst Handling Service Market Dynamics
Driver: Stringent environmental regulations
Stringent environmental regulations act as a significant catalyst for the growth of the catalyst handling service market. Governments and regulatory bodies worldwide are imposing stricter regulations to reduce emissions and promote sustainable practices. These regulations require industries to adopt advanced catalysts and comply with specific emission standards.
For instance, in the oil refining industry, various countries have implemented regulations to reduce sulfur content in transportation fuels. To meet these regulations, refineries must use catalysts in their refining processes to remove sulfur compounds effectively. Catalyst handling services assist refineries in managing and maintaining these catalysts, ensuring optimal performance and adherence to emission standards.
Another example is the chemical industry, where environmental regulations often focus on reducing emissions of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). Catalysts are employed in chemical processes to facilitate emission control and conversion of harmful substances. Catalyst handling services enable chemical plants to handle and replace catalysts efficiently, ensuring continuous compliance with emission regulations and promoting sustainable practices. By partnering with catalyst handling service providers, industries gain access to specialized knowledge, equipment, and techniques required for proper catalyst management. These services offer expertise in handling hazardous catalyst materials, conducting changeouts in a safe and efficient manner, and implementing emission control strategies.
Restraint: Increasing demand for electric vehicles
The global battery electric vehicle (BEV) market has grown rapidly. Factors such as rising concerns over global warming and air pollution and the federal and state government support to reduce air pollution are increasing the demand for electric vehicles. The usage of these vehicles is growing and is expected to make a sizable part of the overall vehicle production by 2025, accounting for 16% of the total vehicle production. The increasing sales of BEVs are also a result of improved vehicle mileage, reduction in charging time, an increasing number of charging stations, government subsidies on the purchase of BEVs, and exemption from the highway toll tax. The growing demand for BEVs has an impact on the consumption of fuels such as gasoline and diesel. The shift to electric vehicles is supported by advancements in battery technology. Major automakers such as General Motors, Mercedes, BMW, and Ford have decided to venture into commercial electric vehicle production, which will have a negative impact on the catalyst handling services market.
Opportunity: Increasing demand for biofuel
The exponential growth of the global population, coupled with the high standard of living, has resulted in a rapid increase in energy consumption. The threat of climate change is impacting every industry and has become an economic, environmental, and health problem. One of the most effective ways that we can truly tackle climate change is to commit fully to decarbonization. The COVID-19 pandemic has accelerated the decarbonization efforts and provided an opportunity for the vast implementation of this strategy. There are few dominant clean energy technology pathways for effective implementation of the decarbonization strategy such as the following:
- Electrification of end-use sectors
- Green hydrogen
- Use of biofuels in transport applications
Biofuels are an excellent source of energy and widely seen as a potential substitute for fossil fuels. They are prepared from renewable sources such as plants, municipal wastes, crops, and agricultural and forestry by-products. Over the last few decades, biofuels such as biodiesel have gained significant attention as an alternative fuel in the research field because of their sustainable and environment-friendly nature, high combustion efficiency, high flash point, high cetane number, lower CO2 emission, lower sulfur content, and better lubrication. Large global corporations have started changing their strategies accordingly. For instance, the Spanish oil company, Repsol, has recognized biofuels as a near-term option for the maritime and aviation industries. Repsol plans to adapt its current refineries to sites generating renewable energy; the company has invested in its Bilbao refinery. Also, Shell, BP, Total, and Eni have outlined their plans to grow their biofuel production by 2030 while reducing their global oil refining footprints. The production of renewable & biodegradable fuels is expected to change the nature of feedstocks of refineries. These feedstocks will need higher levels of pre-treatment, thereby potentially increasing the frequency of catalyst change-out during processing. Hence, the emergence of biofuel technology presents a growth opportunity for catalyst handling service providers.
Challenge: Technical complexity in catalyst handling services
The catalyst handling service market faces the challenge of technical complexity due to the intricate nature of catalyst systems and processes. Successfully handling catalysts requires specialized knowledge and skills that may not be readily available to new service providers or industries seeking to manage catalysts in-house.
Catalyst handling involves intricate procedures such as catalyst changeouts, regeneration, and maintenance, which demand a deep understanding of catalyst properties, operating conditions, and safety protocols. The complexity of these operations poses challenges for new service providers attempting to establish themselves in the market. They need to invest in acquiring the necessary expertise, training, and equipment to handle catalysts effectively.
Catalyst Handling Services Market: Ecosystem
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
"Petroleum refining was the largest segment for catalyst handling services market in 2022, in terms of value."
Global crude oil consumption was growing at a steady rate. As per the latest data from the BP Statistical Review of World Energy, global oil consumption has reached approximately 99 million barrels per day (bpd). In terms of specific regions, Asia stands out as the largest consumer of oil, with its oil consumption exceeding 37 million bpd. Within Asia, China remains a key player, consuming more than 14 million bpd, followed by India with a consumption of over 5 million bpd. Other Asian countries, such as Japan, South Korea, and Indonesia, also contribute significantly to the region's oil consumption.
In the refining sector, refineries worldwide processed approximately 82 million bpd of crude oil to meet the increasing demand for refined petroleum products. In Asia alone, refineries processed over 26 million bpd of crude oil. The Middle East holds a substantial refining capacity, with refineries in the Gulf Cooperation Council (GCC) countries playing a significant role in processing crude oil. North America boasts a substantial refining capacity, processing over 20 million bpd of crude oil. The US, in particular, is a major refining player
"Catalyst screening, segregation, & storage was the second largest service type for catalyst handling services market in 2022, in terms of value."
Catalyst screening and segregation involve the meticulous process of evaluating and categorizing catalyst particles based on their size and properties. This critical step ensures the selection of the most efficient catalysts for specific refining or petrochemical processes. Once screened and segregated, the catalysts are stored in controlled environments to preserve their integrity and effectiveness, ensuring optimal performance during their deployment in various industrial applications. This careful handling and storage process enhance the catalysts' longevity and contribute to the overall efficiency and productivity of the refining and petrochemical sectors.
"Asia Pacific was the largest market for catalyst handling services in 2022, in terms of value."
Asia Pacific was the largest market for global catalyst handling services market, in terms of value, in 2022. China is the largest market in Asia Pacific. It is projected to witness the second highest growth during the forecast period considering of increasing focus on energy efficiency and cost optimization.
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Key Market Players
The key players in this market Anabeeb (Saudi Arabia), Mourik (Netharlands), Cat Tech International (UK), CR 3 (Thailand), Technivac (UK), Catalyst Handling Resources (US), Dickinson Group of Companies (South Africa), Buchen-ICS (Germany), Kanooz Industrial Services (Saudi Arabia), and Group Peeters (Belgium).Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading service providers of catalyst handling services have opted for new technology launches, and partnership to sustain their market position.
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Report Metric |
Details |
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Years considered for the study |
2020-2028 |
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Base Year |
2022 |
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Forecast period |
2023–2028 |
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Units considered |
Value (USD Million/Billion) |
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Segments |
Service Type, End-use Industry, and Region |
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Regions |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies |
Anabeeb (Saudi Arabia), Mourik (Netharlands), Cat Tech International (UK), CR 3 (Thailand), Technivac (UK), Catalyst Handling Resources (US), Dickinson Group of Companies (South Africa), Buchen-ICS (Germany), Kanooz Industrial Services (Saudi Arabia), and Group Peeters (Belgium) |
This report categorizes the global Catalyst handling services market based on services type, end-use industry, and region.
Based on service type, the catalyst handling services market has been segmented as follows:
- Catalyst loading/ unloading
- Catalyst screening, segregation, & storage
- Catalyst transport & handling
- Spent catalyst handling
Based on end-use industry , the catalyst handling services market has been segmented as follows:
- Petroleum refining
- Chemicals & fertilizers
- Petrochemical
- Other End-use Industry
Based on region, the catalyst handling services market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In October 2021, Mourik has launched a new unloading method for free flow single-bed reactors, which minimizes entries and improves safety. This technology is user friendly and easy to handle in operation, due to the lightweight components and simplicity off the equipment.
- In February 2019, Mourik has launched M-Lance technology. This technology helps automate the unloading process, resulting in a safer work environment, and a more efficient, and predictable tubular catalyst change-out.
- In May 2023, CR3 announced a strategic partnership with Petro-Q. This partnership will enable CR3 to deliver innovative solutions to meet the ever-evolving needs of our client base in Qatar.
- In April 2020, CR Asia made a group-wide collaboration agreement with Batrec (part of Veolia) in Switzerland for the disposal of mercury-containing wastes, particularly spent mercury removal adsorbents and mercury-laden sludge.
Frequently Asked Questions (FAQ):
What is the expected growth rate of the catalyst handling services market?
The forecast period for the catalyst handling services market in this study is 2023-2028. The catalyst handling services market is expected to grow at a CAGR of 4.5 %in terms of value, during the forecast period.
Who are the major key players in the catalyst handling services market?
The key global players in the catalyst handling service market include Anabeeb (Saudi Arabia), Mourik (Netharlands), Cat Tech International (UK), CR 3 (Thailand), Technivac (UK), Catalyst Handling Resources (US), Dickinson Group of Companies (South Africa), Buchen-ICS (Germany), Kanooz Industrial Services (Saudi Arabia), and Group Peeters (Belgium)are the key players in the catalyst handling service market
What are some of the strategies adopted by the top market players to penetrate emerging regions?
The major players in the market use technology launch, partnerships, and joint venture, as important growth tactics.
What are the drivers and opportunities for the catalyst handling services market?
Stringent environmental regulations is driving the market during the forecast period. Incorporation of automation and robotics in catalyst handling acts as an opportunity during the forecast period.
Which are the key technology trends prevailing in the catalyst handling services market?
The key technologies prevailing in the catalyst handling services market include automation, and robotics. .
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The study involved four major activities in estimating the market size of the catalyst handling service market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The catalyst handling service market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, service providers and end users. Various primary sources from the supply and demand sides of the catalyst handling service market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include service providers,manufacturers, associations, and institutions involved in the catalyst handling services industry.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, raw material, end-use industries, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and outlook of their business which will affect the overall market.
The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
To know about the assumptions considered for the study, download the pdf brochure
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Company Name |
Designation |
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Anabeeb |
Individual Industry Expert |
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Mourik |
Sales Manager |
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Cat Tech International |
Director |
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CR 3 |
Marketing Manager |
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Technivac |
R&D Manager |
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Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the catalyst handling service market.
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Catalyst Handling Service Market: Bottum-Up Approach
Note: All the shares are based on the global market size.
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
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Catalyst Handling Service Market: Top-Down Approach
Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.
Market Definition
Catalyst handling services encompass the crucial steps of unloading spent catalysts from reactors, conducting screening and cleaning processes, and reloading the necessary catalysts back into the reactor. Additionally, these services cover catalyst transportation, storage, and the proper handling of spent catalysts. The primary industries benefiting from these services include oil and gas refineries, petrochemicals, and chemicals.
Key Stakeholders
- Senior Management
- End User
- Finance/Procurement Department
- R&D Department
Report Objectives
- To define, describe, and forecast the size of the catalyst handling service market, in terms of value
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
- To estimate and forecast the market size based on service type, end-use industry, and region.
- To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
- To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
- To strategically profile key market players and comprehensively analyze their core competencies.
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application
Company Information
- Detailed analysis and profiles of additional market players
Generating Response ...
Growth opportunities and latent adjacency in Catalyst Handling Services Market