Refinery Catalyst Market Size by Key Players: Shell, Criterion Catalysts & Technologies, China Petroleum & Chemical Corporation (Sinopec), Haldor Topsoe, Johnson Matthey, BASF, Albemarle, and Honeywell Uop

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.

Increasing investment by the refiners towards expansion and upgradation of refineries to meet the emission regulation and sulfur content will positively affect the refinery catalyst market size in upcoming years. These products are used for various processes including reforming, catalytic cracking, isomerization, desulfurization, hyroprocessing, etc. Increasing sour crude oil will augment the refinery catalyst market owing to more contaminants and heavy crude oil distillation, which necessitate the product demand.

On the other flip, fluctuation in raw material prices and production cost will encumber the product market. Rare earth metals such as molybdenum, vanadium, tungsten, etc. find excessive usage in the production of refinery catalysts. Concentration of these ores in specific locations across the globe make the supply difficult and dependent on international trade laws.

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 Organization?s Marpol regulation aimed for the reduction of sulfur content in marine fuels which will augment the hydrotreating and hydrocracking product market during forecast period.

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Refinery catalyst market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

Refinery Catalyst Market, Type By Material

• FCC Catalyst
o Zeolite
o Metal
o Chemical compound
o Others
• Hydroprocessing catalyst
o Zeolite
o Metal
o Chemical compound
o Others
• Hydrotreating catalyst
o Zeolite
o Metal
o Chemical compound
o Others
• Hydrocracking catalyst
o Zeolite
o Metal
o Chemical compound
o Others
• Other hydroprocessing catalyst
o Zeolite
o Metal
o Chemical compound
o Others
• Alkylation catalyst
o Zeolite
o Metal
o Chemical compound
o Others
• Reforming & Isomerization catalyst
o Zeolite
o Metal
o Chemical compound
o Others
• Others
o Zeolite
o Metal
o Chemical compound
o Others

Refinery Catalyst Market, By Material
o Zeolite
o Metal
o Chemical compound
o Others

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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 Rosneft?s Tuapse, Novokujbysevsk, and Gazprom Neft?s 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.

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.

Key players in the refinery catalyst industry which holds the major market chunk include Shell, Criterion Catalysts & Technologies, China Petroleum & Chemical Corporation (Sinopec), Haldor Topsoe, Johnson Matthey, BASF, Albemarle, and Honeywell Uop.

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