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Albemarle Corporation, Axens, Johnson Matthey Refinery Catalyst Market Share - Global Industry Size Report 2018-2025 | BASF, Haldor Topsoe A/S, Honeywell UOP, W. R. Grace & Co., China Petroleum, Shell, ExxonMobil

Refinery Catalyst Market

Refinery Catalyst Market

Refinery catalyst market has been fragmented on the basis of type, material and region. The different product types include fluid catalytic cracking (FCC), alkylation, reforming & isomerization, hydro processing, and others. Among all, FCC product will hold nearly one-third of the total product market throughout the forecast span. FCC product break heavy gas oil range feeds into smaller molecules in the presence of heat. It is used for the production of gasoline in refining process. Majorly used material for FCC product is zeolite with some amount of rare earth metals.

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Based on materials, the product industry is classified into zeolite, metal, chemical compound and others. Metal based catalysts will account for over 35% of the global refinery catalyst market in 2025. Molybdenum, vanadium, nickel, cobalt and other noble and rare earth metals are among the metals used for metal-based refinery catalysts. These are majorly used in hydroprocessing catalysts as these are useful to eradicate impurities and reduce the emission of toxic and hazardous gas into the environment.

landscape, Strategic outlook & SWOT analysis:

1. Shell
2. ExxonMobil
3. Albemarle Corporation
4. BASF
5. China Petroleum
6. Criterion Catalysts & Technologies
7. Anten Chemical Co., Ltd.
8. Filtra Catalysts & Chemicals Ltd.
9. Haldor Topsoe A/S
10. Honeywell UOP
11. W. R. Grace & Co.
12. Axens
13. Johnson Matthey
14. Chempack

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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.

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

Browse key industry insights spread across 340 pages with 562 market data tables & 21 figures & charts from the report, “Refinery Catalyst Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/refinery-catalyst-market

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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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