Europe Refining Catalysts Market Analysis by Mordor Intelligence
The Europe Refining Catalysts Market is expected to register a CAGR of greater than 2.5% during the forecast period.
- Volatility in precious metal prices are likely to hinder the market's growth.
- By ingredient, the zeolites segment accounted for the largest market share and is expected to grow during the forecast period owing to the fact that it is used in almost all types of refining units with major consumption in fluidized catalytic cracking units.
- Shifting focus toward nanocatalysts is likely to create opportunities to the market growth in the coming years.
Europe Refining Catalysts Market Trends and Insights
Fluid Catalytic Cracking (FCC) Catalysts to Dominate the Market
- The fluid catalytic cracking (FCC) process plays a crucial role in refineries while producing lighter products from crude oil.
- FCC unit helps in converting a variety of feed types, such as cracked gas oil, gas oil, deasphalted gas oils, vacuum/atmospheric resins, and others, into lighter and high-value products, such as diesel oil, jet fuel, LPG, kerosene, and gasoline.
- In the FCC unit, the feedstock is heated at high temperature and moderate pressure. Along with this, the feedstock is brought in contact with a catalyst which helps to break the long-chain molecules of the high-boiling hydrocarbon liquids into small molecules, which are further collected in the form of vapors.
- In the FCC process, the catalysts are used in the form of fine powders. Previously, catalysts, such as amorphous silica-alumina were used for cracking vacuum gas oils in the FCC unit. However, in the early 1960s, zeolite was commercially introduced as FCC catalysts, which had been a significant advancement in the history of catalytic cracking.
- Owing to the aforementioned factors, FCC catalysts are of great importance in propelling the market demand for refining catalysts in the forecast period.
Russia to Dominate the Market
- Approximately 20% of the GDP of the Russian economy is related to the oil & gas market, which has been highly volatile in the recent times.
- Germany imports crude oil majorly from Russia. Owing to the increasing exports from the country, the demand for oil in the country has witnessed a significant rise.
- The increase in demand for refining catalysts can be attributed to new optimizing technologies, and the debottlenecking of the existing refining complexes.
- Due to the above-mentioned factors, the market for refining catalysts in the country is projected to grow during the forecast period.
Competitive Landscape
The Europe refining catalysts market is consolidated in nature. Key players in the market include BASF SE, Albemarle Corporation, Haldor Topsoe A/S, and W. R. Grace & Co.-Conn., among others.
Europe Refining Catalysts Industry Leaders
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BASF SE
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Albemarle Corporation
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Haldor Topsoe A/S
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W. R. Grace & Co.-Conn.
- *Disclaimer: Major Players sorted in no particular order
Europe Refining Catalysts Market Report Scope
The Europe refining catalysts market report includes:
| Zeolite |
| Metal |
| Chemical Compounds |
| Fluid Catalytic Cracking Catalysts |
| Reforming Catalysts |
| Hydrotreating Catalysts |
| Hydrocracking Catalysts |
| Isomerization Catalysts |
| Alkylation Catalysts |
| Germany |
| United Kingdom |
| Italy |
| France |
| Spain |
| Russia |
| Rest of Europe |
| Ingredient | Zeolite |
| Metal | |
| Chemical Compounds | |
| Type | Fluid Catalytic Cracking Catalysts |
| Reforming Catalysts | |
| Hydrotreating Catalysts | |
| Hydrocracking Catalysts | |
| Isomerization Catalysts | |
| Alkylation Catalysts | |
| Geography | Germany |
| United Kingdom | |
| Italy | |
| France | |
| Spain | |
| Russia | |
| Rest of Europe |
Key Questions Answered in the Report
What is the current Europe Refining Catalysts Market size?
The Europe Refining Catalysts Market is projected to register a CAGR of greater than 2.5% during the forecast period (2025-2030)
Who are the key players in Europe Refining Catalysts Market?
BASF SE, Albemarle Corporation, Haldor Topsoe A/S and W. R. Grace & Co.-Conn. are the major companies operating in the Europe Refining Catalysts Market.
What years does this Europe Refining Catalysts Market cover?
The report covers the Europe Refining Catalysts Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Refining Catalysts Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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