Refinery Catalysts Market

Refinery Catalysts Market by Type (FCC Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, and Catalytic Reforming Catalysts), Ingredient (Zeolites, Metal, and Chemical Compounds), Region - Global Forecast to 2025

Report Code: CH 2913 May, 2020, by marketsandmarkets.com
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[179 Pages Report] The global refinery catalysts market size is expected to grow from USD 4.0 billion in 2020 and USD 4.7 billion by 2025, at a CAGR of 2.9% during the forecast period. The growth of this market can be attributed to the rising demand for petroleum derivatives. Also, demand for fuel with a high octane number is also anticipated to drive the growth of the refinery catalysts market.

Refinery Catalyst Market

Hydrocracking catalysts to register the fastest growth during the forecast period.

The objective of hydrocracking catalysts is to convert heavy oil feedstock into high quality, lighter fuel products such as naphtha, gasoline, jet fuel or kerosene, and diesel, and hydrowax, which can be used as a petrochemical plant lube basestock or feedstock. Rising demand for petroleum derivatives and stringent regulations focusing on the use of ultra-low sulfur diesel (ULSD) are expected to drive the market for hydrocracking catalysts.

The growing number of Stringent regulations for vehicle emissions across the world is driving the overall refinery catalysts market.

Emissions that are released into the environment from automobiles and industrial processing units have been harming the environment significantly. According to the US Environmental Protection Agency (EPA), a typical vehicle emits about 4.6 metric tons of CO2 per year. The average gasoline vehicle on the road today has a fuel economy of about 22 miles per gallon and drives around 11,500 miles per year. Every gallon of gasoline burned creates about 8.9 kg of CO2. This led to the introduction of new environmental regulations to reduce air pollution by decreasing the sulfur content in gas and ultra-low sulfur content in diesel (ULSD). These regulations have necessitated the process of petroleum treatment, which is dependent on refinery catalysts.

Refinery Catalyst Market

APAC is expected to account for the fastest-growing market during the forecast period.

Based on region, the refinery catalysts market has been segmented into APAC, Europe, North America, South America, and Middle East & Africa. APAC is the fastest-growing refinery catalysts market owing to increasing population, growing industrialization, strict government norms, and environmental regulations are the key factors attributed to the overall growth of the market in the region. The increasing developments in capacities of oil production in oil refineries of emerging countries of the region are providing substantial growth opportunities for the refinery catalysts market. These factors are expected to lead to increasing demand for refinery catalysts in the region during the forecast period.

Key Market Players

The refinery catalysts market comprises major players such Albemarle Corporation (US), W R Grace (US), BASF (Germany), Haldor Topsoe (Denmark), Honeywell UOP (US), Clariant (Switzerland), Axens (France), Johnson Matthey (UK), China Petroleum and Chemical Corporation (Sinopec) (China), and Shell Catalyst & Technologies (Netherlands), Arkema (France), Anten Chemicals (China), Chempack (China), Dorf-Ketal Chemicals Pvt. Ltd. (India), Exxon Mobil Corporation (US), Gazprom (Russia), JGC Catalyst and Chemicals (Japan),KNT Group (Russia), Kuwait Catalyst (Kuwait), N.E.Chemcat (Japan), Porocel (US), Qingdao Huicheng Environmental Technology (China), Taiyo Koko Co. Ltd. (Japan), Unicat Catalyst Technologies (US), and Yueyang Sciensun Chemicals (China). Albemarle Corporation is among the leading refinery catalysts manufacturers globally. The company is one of the three largest refinery catalysts producers. New product launch, and joint venture were the key strategies adopted by the company to penetrate the global refinery catalysts market.

Scope of the Report:

Report Metric

Details

Years Considered for the study

2018-2025

Base year

2019

Forecast period

2020-2025

Units considered

Volume (Kiloton)
Value (USD Billion, and Million)

Segments

 Type, Ingredient, and Region

Regions

North America, APAC, Europe, South America, and Middle East & Africa

Companies

Albemarle Corporation (US), W R Grace (US), BASF (Germany), Haldor Topsoe (Denmark), Honeywell UOP (US), and others
Total 25 major players covered

This research report categorizes the refinery catalysts market based on type, ingredient, and region.

Based on type

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

Based on ingredient

  • Zeolites
  • Metals
  • Chemical Compounds

Based on the region

  • APAC
  • Europe
  • North America
  • South America
  • Middle East & Africa

Recent Developments

  • In 2020, BASF developed a new FCC catalysts, named Fortune, for gasoil feedstock. The product is based on BASF’s Multiple Framework Topology (MFT) technology to deliver superior butylene over propylene selectivity while maintaining catalyst activity.
  • In 2019,Sinopec completed central unit of the AL-Zout refinery project in Kuwait. The refinery is expected to produce 3,150 tons of oil annually, thereby increasing the demand for the company’s refinery catalyst.
  • In 2019, Honeywell UOP formed a joint venture with Kuwait Integrated Petroleum Industries Company (KIPIC; Kuwait)  to supply refinery catalysts for refining and petrochemicals sections in its Al-Zour refinery. This joint venture will help in increasing the plant’s output capacity of fuels and petrochemicals.

Key questions addressed by the report

  • What are the upcoming hot bets for the refinery catalysts market?
  • How are the market dynamics changing for different  types of refinery catalysts?
  • How are the market dynamics changing for different ingredients  of refinery catalysts?
  • Who are the major manufacturers of refinery catalysts?
  • How are the market dynamics changing for different regions of refinery catalysts?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SEGMENTATION
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP DOWN APPROACH
    2.3 DATA TRIANGULATION
    2.4 METHODOLOGY LIMITATIONS
    2.5 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS
    4.1 GLOBAL REFINERY CATALYST MARKET OVERVIEW 
    4.2 GLOBAL REFINERY CATALYST MARKET, BY TYPE 
    4.3 GLOBAL REFINERY CATALYST MARKET, BY INCREDIENT
    4.4 GLOBAL REFINERY CATALYST MARKET, BY APPLICATION
    4.5 GLOBAL REFINERY CATALYST MARKET, BY REGION

5 MARKET OVERVIEW
    5.1 INTRODUCTION
           5.2.1 DRIVERS
                    5.2.1.1 Increasing energy consumption
                    5.2.1.2 Rising demand for petroleum derivatives
                    5.2.1.3 Stringent environmental regulations
           5.2.2 RESTRAINTS
                    5.2.2.1 Diminishing crude oil reserves
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Backward integration
           5.2.4 CHALLENGES
                    5.2.4.1 High production cost
                    5.2.4.2 Fluctuating precious metal prices
    5.2 PORTER’S FIVE FORCES ANALYSIS
           5.2.1 BARGAINING POWER OF SUPPLIERS
           5.2.2 BARGAINING POWER OF BUYERS
           5.2.3 THREAT OF NEW ENTRANTS
           5.2.4 THREAT OF SUBSTITUTES
           5.2.5 INTENSITY OF COMPETITIVE RIVALRY
    5.3 MACROECONOMIC TRENDS/OPERATIONAL DATA ANALYSIS
    5.4 PATENT ANALYSIS
    5.5 CASE STUDY ANALYSIS

6 GLOBAL REFINERY CATALYST MARKET, BY TYPE
    6.1 INTRODUCTION
    6.2 FLUID CATALYTIC CRACKING (FCC) CATALYSTS
    6.3 HYDROPROCSSING CATALYSTS
           6.3.1 HYDROTREATING CATALYSTS
           6.3.2 HYDROCRACKING CATALYSTS
    6.4 CATALYTIC REFORMING CATALYSTS
    6.5 OTHERS
           6.5.1 ALKYLATION CATALYSTS
           6.5.2 ISOMERIZATION CATALYST
           6.5.3 DESULFURISATION CATALYST

*Only qualitative data will be provided for the sub-segment

7 GLOBAL REFINERY CATALYST MARKET, BY INGREDIENT
    7.1 INTRODUCTION
    7.2 ZEOLITES 
           7.2.1 NATURAL ZEOLITES
           7.2.2 SYNTHETIC ZEOLITES
    7.3 METALS 
           7.3.1 PRECIOUS METALS
                    7.3.1.1 PLATINUM (Pt)
                    7.3.1.2 PALLADIUM (Pd)
                    7.3.1.3 GOLD (Au)
           7.3.2 RARE EARTH METALS
           7.3.3 TRANSITION & BASE METALS
                    7.3.3.1 MOLYBDENUM (Mo)
                    7.3.3.2 TUNSTEN (W)
                    7.3.3.3 COBALT (Co)
                    7.3.3.4 NICKEL (Ni)
                    7.3.3.5 IRON (Fe)
                    7.3.3.6 ZIRCONIUM (Zr)
                    7.3.3.7 MANGANESE (Mn)
                    7.3.3.8 CHRONIUM (Cr)
    7.4 CHEMICAL COMPOUNDS 
           7.4.1 SULPHURIC ACID & HYDROFLURIC ACID
           7.4.2 CALCIUM CARBONATE

*Only qualitative data will be provided for the sub-segment

8 GLOBAL REFINERY CATALYST MARKET, BY APPLICATION
    8.1 INTRODUCTION
    8.2 PETROLEUM REFINING 
    8.3 CHEMICAL PROCESSING
    8.4 ENVIRONMENTAL SAFETY

9 GLOBAL REFINERY CATALYST MARKET, BY REGION
    9.1 INTRODUCTION
    9.2 APAC
           9.2.1 CHINA
           9.2.2 INDIA
           9.2.3 JAPAN
           9.2.4 SINGAPORE
           9.2.5 SOUTH KOREA
           9.2.6 THAILAND
           9.2.7 REST OF APAC
    9.3 EUROPE
           9.3.1 RUSSIA
           9.3.2 ITALY
           9.3.3 GERMANY
           9.3.4 SPAIN
           9.3.5 REST OF EUROPE
    9.4 NORTH AMERICA
           9.4.1 US
           9.4.2 MEXICO
           9.4.3 CANADA
    9.5 SOUTH AMERICA 
           9.5.1 BRAZIL
           9.5.2 ARGENTINA
           9.5.3 VENEZUELA
           9.5.4 REST OF SOUTH AMERICA
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 SAUDI ARABIA
           9.6.2 UAE
           9.6.3 QATAR
           9.6.4 KUWAIT
           9.6.5 IRAN
           9.5.6 REST OF MIDDLE EAST & AFRICA

10 COMPETITIVE LANDSCAPE
     10.1 INTRODUCTION
     10.2 COMPETITIVE LEADERSHIP MAPPING
             10.2.1 VISIONARY LEADERS
             10.2.2 INNOVATORS
             10.2.3 EMERGING COMPANIES
             10.2.4 DYNAMIC DIFFERENTIATORS
     10.3 COMPETITIVE BENCHMARKING
             10.3.1 STRENGTH OF PRODUCT PORTFOLIO (FOR ALL 25 COMPANIES)
             10.3.2 BUSINESS STRATEGY EXCELLENCE (FOR ALL 25 COMPANIES)
     10.4 MARKET RANKING OF KEY PLAYERS
     10.5 COMPETITIVE SENARIO
             10.5.1 NEW PRODUCT LAUNCH
             10.5.2 EXPANSION
             10.5.3 ACQUISITION

11 COMPANY PROFILES
(Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments) *
     11.1 ALBEMARLE CORPORATION
     11.2 W.R. GRACE & CO.
     11.3 HALDOR TOPSOE
     11.4 HONEYWELL, UOP LLC. 
     11.5 CRITERION CATALYSTS & TECHNOLOGIES L.P.
     11.6 AXENS
     11.7 BASF 
     11.8 CHINA PETROLEUM & CHEMICAL CORPORATION
     11.9 CLARIENT INTERNATIONAL
     11.10 JOHNSON MATTHEY
     11.11 OTHERS
             11.11.1  ANTEN CHEMICALS
             11.11.2  CHEMPACK
             11.11.3  DORF-KETAL CHEMICALS INDIA PRIVATE LIMITED
             11.11.4  EXXON MOBILE CORPORATION
             11.11.5  FILTRA CATALYST AND CHEMICALS
             11.11.6  JGC CATALYST AND CHEMICALS
             11.11.7  KNT GROUP
             11.11.8  N.E. CHEMCAT
             11.11.9  NIPPON KETJEN CO.
             11.11.10  PINGXIANG CHEMPACK IMP & EXP CO., LTD
             11.11.11  POROCEL
             11.11.12  QINGDAO HUICHENG ENVIROMENTAL TECHNOLOGY
             11.11.13  QINGDAO ZORANOC OILFIELD CHEMICALS
             11.11.14  ROYAL DUTCH SHELL
             11.11.15  TAIYO KOKO
             11.11.16  UNICAT CATALYST TECHNOLOGIES
             11.11.17  YUEYANG SCIENSUN CHEMICALS
             11.11.18  ZEOLYST INTERNATIONAL

12 APPENDIX
     12.1 INSIGHTS FROM INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the refinery catalysts 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. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg Businessweek, Factiva, World Bank, BP Statistical Review of Energy, and Industry Journals were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, and databases.

Primary Research

The refinery catalysts market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is included lab technicians, technologists, and sales/purchase managers from the refinery catalysts industry. The supply side is characterized by advancements in technology and diverse application segments. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents

Refinery Catalyst Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the refinery catalysts market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the refinery catalysts market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the various end-use industries sources.

Report Objectives:

  • To analyze and forecast the refinery catalysts market size, terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the refinery catalysts market
  • To define, describe, and forecast the market by type and region.
  • To forecast the size of the market with respect to five regions, namely, Asia Pacific (APAC), Europe, North America, and RoW, along with their countries
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall refinery catalysts market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze competitive developments such as new product launch, joint venture, and investment & expansion in the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Rest of APAC, Rest of Europe, Rest of South America, and Rest of Middle East & Africa for refinery catalysts market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 2913
Published ON
May, 2020
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