HOME Research Insight Albemarle Corporation (US) and W. R. Grace & Co. (US) are the Active Players in the Refinery Catalyst Market

Albemarle Corporation (US) and W. R. Grace & Co. (US) are the Active Players in the Refinery Catalyst Market

Refinery catalysts are materials used in petroleum refineries to enhance the rate of chemical reactions without undergoing any permanent chemical change. These catalysts are also used to enhance the throughput from refineries. This market intelligence report on refinery catalyst segments the market on the basis of type, ingredient, and region, in terms of value and volume.

The increase in demand for refined products and stringent environmental regulations are key factors anticipated to drive the growth of the refinery catalyst market. Companies operating in this market are focused on the adoption of strategies, such as new product launches, expansions, and agreements & contracts to cater the rising demand for refinery catalysts across various regions worldwide. Key players in the refinery catalyst market include Albemarle Corporation (US), W.R. Grace & Co. (US), Axens SA (France), Haldor Topsoe A/S (Denmark), BASF SE (Germany), Johnson Matthey Plc (UK), Honeywell UOP (US), Clariant International Ltd. (Switzerland), and Criterion Catalysts & Technologies L.P. (US).

Besides new product launches and expansions, companies have adopted joint ventures and acquisitions to expand their market share and distribution network. These strategies accounted for a significant share of all growth strategies adopted by key players in the refinery catalyst market between 2015 and 2017.

Active Players in the Refinery Catalyst Market

Albemarle Corporation (US), one of the key players in the refinery catalyst market, is involved in the development and manufacturing of refinery catalysts. The company has adopted expansions and acquisitions as key growth strategies to enhance their market share and widen their customer base. The company maintains a strong brand image in the refinery catalyst market, as it provides high-grade products for different applications. In 2015, the company successfully launched AlkyStar catalyst that can produce alkylate without the use of liquid acid catalysts. This development strategy helped the company strengthen its green chemicals product portfolio. In the same year, the company launched a new HC-PT catalyst for efficient hydrocracking. This new product launch strategy helped the company expand its existing product portfolio of refinery catalysts.

W. R. Grace & Co. (US) is one of the largest innovation-driven companies in the refinery catalyst market. The company has adopted strategies of new product launches and expansions to enhance its revenue. In 2015, the company completed the first phase of construction of its FCC catalyst plant in Abu Dhabi (UAE). The facility is expected to start operations by 2018. The company is further focused on enhancing its operational capabilities and expanding its market presence.

Related Reports:

Refinery Catalyst Market by Type (FCC Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, and Catalytic Reforming Catalysts), Ingredient (Zeolites, Metals, and Chemical Compounds), and Region - Global Forecast to 2022

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