Global Refinery Catalyst Market 2018 Major Industry Vendors: Shell, BASF, Exxon Mobil, Albemarle Corporation, China Petroleum & Chemical Corporation, Criterion Catalysts & Technologies, Haldor Topsoe A/S, Honeywell, Uop, W. R. Grace & Co., Johnson Matthey

According to product type, petroleum refinery catalyst market is fragmented into alkylation, isomerization and reforming, hydroprocessing, and fluid catalytic cracking. The other product type includes desulfurization etc. Hydroprocessing catalyst will generate a revenue over USD 2 billion in 2025, growing at the rate over 3.5% during the forecast time period. These catalysts are used to create clean fuels to meet the fuel standards implemented by various government.

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On material basis, the refinery catalyst market is segmented into metal, chemical compounds, zeolite and others which include organometals, enzymes, rare earth metals, etc. Zeolite catalyst has largest share owing to low cost along with beneficial characteristics. Moreover, metal-based catalyst will hold largest revenue share owing to the precious metals used in the manufacturing of the product.

Refinery catalysts are used to increase the yield of petroleum derivative products. These products aid refinery operators to enhance the operational efficiency, selectivity and conversion ratio of the crude oil. Refinery catalysts will gain the market throughout the forecast timeframe owing to the strict government regulation to reduce the containments and the emission of sulfur compounds and nitrogen compounds. For instance, In January 2018, China V was implemented for gasoline fuel quality, for the reduction of sulfur quantity in gasoline to 10 ppm. Besides the sulfur limit, it also provides reduction in minimum octane requirement, olefin content and manganese content. This will require more refining of products, further increasing the demand for product. The International Maritime Organizations Marpol regulation aimed for the reduction of sulfur content in marine fuels which will augment the hydrotreating and hydrocracking product market during forecast period.

The Refinery Catalyst Market is set to grow from its current market value of more than $4 billion to over $5.8 billion and is predicted to grow at over 3% CAGR from 2018 to 2025.

Industry Growth drivers –
• Revival of global oil & gas industry
• Growing demand for petroleum derivatives

• Tightening legislation to reduce sulfur content

• Increasing automotive demand in Asia Pacific

Segmentation of Refinery Catalyst Market, Form By Material

• Zeolite
• Metal
• Chemical compound

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Saudi Arabia refinery catalyst market will generate revenue over USD 135 million in 2025 as the country is the largest producer of petroleum products in Middle East and Africa region, contributing to nearly 90 million tons per annum. In 2018, Saudi Aramco, the state oil company of Saudi Arabia, and Total signed an agreement for the expansion of their joint venture refinery SATORP in Saudi Arabia. This will increase the refinery catalyst demand in this region in coming years.

In 2025, Russia share will reach around 40% of the total Europe market, rising at a substantial rate in upcoming years. The construction of hydrocracking unit in Rosnefts Tuapse, Novokujbysevsk, and Gazprom Nefts Omsk under Chevron Lummus will propel the demand of product. India and China will be the emerging market in Asia Pacific region and will exhibit the CAGR more than 3% in upcoming years.

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Key players in the refinery catalyst industry which holds the major market chunk include Royal Dutch Shell plc, Albemarle Corporation, China Petroleum & Chemical Corporation, BASF, Exxon Mobil, Criterion Catalysts & Technologies, Anten Chemical Co., Ltd., Filtra Catalysts And Chemicals, Haldor Topsoe A/S, Honeywell, Uop, W. R. Grace & Co., Axens Sa, Johnson Matthey, Chempack.

Market share calculation in this report is not done based on companies covered in it. The calculation of refinery catalyst market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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