Refinery Catalyst - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Refinery Catalyst Market is accounted for $7.03 billion in 2018 and is expected to reach $11.09 billion by 2027 growing at a CAGR of 5.2% during the forecast period. The high demand for petroleum derivatives, rising energy consumption and favourable environmental regulations are the major factors driving the market growth. However, volatile raw material prices and diminishing crude oil reserves are restraining market growth.
Refinery catalysts are speciality chemicals used in different operations in refineries that include fluid catalytic cracking. These catalysts provide the surface area for the chemical reaction in the FCC unit or FCC refinery, and consequently, speed up the reaction, thereby reducing the turnaround time of the manufacturing process.
Based on the material, the metals segment is likely to have a huge demand owing to increasing the usage of metals for hydroprocessing to remove unnecessary impurities and emission of harmful gases into the atmosphere. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the large crude oil refining plants in China, India, Japan, and South Korea and also a large number of vehicle population in these countries.
Some of the key players profiled in the Refinery Catalyst Market include W.R. Grace & Co., Royal Dutch Shell, Huntsman Corporation, Honeywell International Inc., Haldor Topsoe, Clariant AG, China Petroleum & Chemical Corporation, BASF SE, Albemarle Corporation, Axens SA, Criterion Catalysts & Technologies L.P., and Johnson Matthey Plc.
• Hydroprocessing Catalysts
• Fluid Catalytic Cracking Catalysts
• Enzyme-Based Catalyst
• Reforming Catalysts
• Other Types
• Chemical Compounds
• Other Materials
• Chemical synthesis
• Environmental Safety
• Polymer manufacturing
• Oil refineries
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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