Refining Catalysts Market | Growth, Trends, and Forecasts (2019 - 2024)
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Refining Catalysts Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type (Fluid Catalytic Cracking Catalysts, Reforming Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, Isomerization Catalysts, and Alkylation Catalysts), by Ingredient (Zeolites, Metals, and Chemical Compounds), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Home Industry Reports Chemicals & Materials Refining Catalysts Market - Growth, Trends, and Forecast (2019 - 2024)

Market Snapshot

Refining Catalys
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for refining catalysts is expected to register a CAGR of 3.17% during the forecast period of 2019-2024. Major factors driving the market studied are the increasing investment in refineries and the accelerating demand for higher octane fuel. However, the volatility in precious metal prices is expected to hinder the market growth.

  • By ingredient, the zeolites segment accounted for the largest market share (52.39%) in 2018 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.
  • The shifting focus toward nanocatalysts is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the globe with the largest consumption from countries, such as China and India.

Scope of the Report

The scope of the refining catalysts market report includes:

By Type
Fluid Catalytic Cracking Catalysts
Reforming Catalysts
Hydrotreating Catalysts
Hydrocracking Catalysts
Isomerization Catalysts
Alkylation Catalysts
By Ingredient
Zeolites
Metals
Chemical Compounds
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
Russia Federation
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

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.
  • Today, there are more than 500 FCC units in the world. Around 35% of the total gasoline and 50% of the total transportation fuel is produced through FCC processing.
  • 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.
  • Owing to the aforementioned factors, FCC catalysts are of great importance in propelling the market demand for refining catalysts in the forecast period.
Refining Catalys

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Asia-Pacific to Dominate the Market

  • In 2018, Asia-Pacific accounted for the largest share in the market for refining catalysts with almost half of the global share and is also expected to be the fastest growing market.
  • China is the major market holder and accounted for more than 40% share of the region. China's refinery capacity is about 14177 thousand barrels per day which constitute 14.6% of the world’s refining capacity. 
  • Additionally, one of the top oil refiners in India, Indian Oil Corp. Ltd announced its plan to invest INR 1.8 trillion along with the expansion of Barauni and Gujarat refineries in order to expand the refining capacity in the country in the coming five years.
  • Furthermore, Rotary Engineering Ltd, Singapore has signed a contract with Emirates National Oil Co. (ENOC) of Dubai which amounts to USD 1 billion. Rotary Engineering will make 12 storage tanks refinery which will store the increased production of jet fuel, naphtha, and gasoline blendstocks.
  • Such investments are expected to boost the market for refining catalysts in the region during the forecast period.
  • The huge growth of Asia-Pacific is quite instrumental in the expansion of the refining catalysts market.
Refining Catalys

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Competitive Landscape

The refining catalysts market is consolidated among the top four players, as they occupy about 82% of the market. The major companies include W.R. Grace & Co., Albemarle Corporation, BASF SE, Sinopec (China Petroleum & Chemical Corporation), and Haldor Topsoe, among others.

Major Players

  1. W.R. Grace & Co.
  2. Albemarle Corporation
  3. BASF SE
  4. Sinopec (China Petroleum & Chemical Corporation)
  5. Haldor Topsoe

* Complete list of players covered available in the table of contents below

Refining Catalys

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Investment in Refineries

      2. 4.1.2 Accelerating Demand for Higher Octane Fuel

    2. 4.2 Restraints

      1. 4.2.1 Volatility in Precious Metal Prices

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Fluid Catalytic Cracking Catalysts

      2. 5.1.2 Reforming Catalysts

      3. 5.1.3 Hydrotreating Catalysts

      4. 5.1.4 Hydrocracking Catalysts

      5. 5.1.5 Isomerization Catalysts

      6. 5.1.6 Alkylation Catalysts

    2. 5.2 By Ingredient

      1. 5.2.1 Zeolites

      2. 5.2.2 Metals

      3. 5.2.3 Chemical Compounds

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 Russia Federation

        5. 5.3.3.5 France

        6. 5.3.3.6 Spain

        7. 5.3.3.7 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Albemarle Corporation

      2. 6.4.2 Axens

      3. 6.4.3 BASF SE

      4. 6.4.4 Chevron Corporation

      5. 6.4.5 Clariant AG

      6. 6.4.6 CRI/Criterion Inc.

      7. 6.4.7 DuPont

      8. 6.4.8 Evonik Industries

      9. 6.4.9 ExxonMobil Chemical

      10. 6.4.10 Haldor Topsoe

      11. 6.4.11 Honeywell International Inc.

      12. 6.4.12 JGC C & C

      13. 6.4.13 Johnson Matthey

      14. 6.4.14 Sinopec (China Petroleum & Chemical Corporation)

      15. 6.4.15 W.R. Grace & Co.

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Shifting Focus toward Nanocatalysts

    2. 7.2 Upcoming Investments and Capacity Additions in OPEC Countries

**Subject to Availability

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