Refinery Catalysts Market

Market Overview 2024-2032:

The global refinery catalysts market size reached US$ 5.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.

Refinery catalysts refer to various chemical substances that are used for converting petroleum refinery naphtha into high-octane liquid products or reformats. It uses platinum catalysts for treating petroleum, crude oil and gasoline to alter the rate of chemical reactions and enhance the quality of the end product. It is also used for converting low octane hydrocarbons into cyclic naphthalene and other branched alkanes. Some of the commonly used refinery catalysts include fluid catalytic cracking, hydrotreating, hydrocracking, alkylation, reforming, isomerization and enzyme-based catalysts. They aid in countering metal contamination and heat balance effect in tight oil processing.

Significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the rising demand for cleaner petroleum derivatives is contributing to the market growth. In line with this, the increasing adoption of zeolites as an effective refinery catalyst is also driving the market further. They are commonly used in fluid catalytic cracking (FCC) processes, owing to their advantageous properties, such as micro-porosity and adjustable acidity and aid in converting feeds, such as cracked and de-asphalted gas oils and vacuum resins, to high-value products. Additionally, widespread product adoption by the aerospace industry is acting as another growth-inducing factor. Refinery catalysts are used for processing jet fuels, kerosene, hydro wax and ultra-low sulfur diesel (ULSD) as a petroleum derivative. Other factors, including the increasing demand for petroleum products for industrial power generation, along with the implementation of favorable government policies promoting the usage of these catalysts for reducing toxic pollutants and smog-formation in the air.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global refinery catalysts market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type and material.

Breakup by Type:

• Fluid Catalytic Cracking (FCC) Catalysts
• Hydro-processing Catalysts
  • Hydrotreating Catalysts
  • Hydrocracking Catalysts
• Catalytic Reforming Catalysts
• Others
   

Breakup by Material:

• Zeolites
  • Natural Zeolites
  • Synthetic Zeolites
• Metals
  • Rare Earth Metals
  • Transition & Base Metals
• Chemical Compounds
  • Sulphuric Acid & Hydrofluric Acid
  • Calcium Carbonate
     

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Albemarle Corporation, Axens, BASF SE, Chevron Corporation, Clariant AG, DuPont, Evonik Industries AG (RAG-Stiftung), Exxon Mobil Corporation, Haldor Topsoe A/S, Honeywell International Inc, JGC C & C, Johnson Matthey and Royal Dutch Shell Plc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global refinery catalysts market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global refinery catalysts market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the material?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global refinery catalysts market and who are the key players?
• What is the degree of competition in the industry?