What's driving the Refinery Catalyst Market Size? Honeywell UOP, Albemarle, Royal Dutch Shell, Haldor Topsoe, W. R. Grace & Co, Clariant, BASF and Axens, Johnson Matthey

The size of Refinery Catalyst Market was anticipated as 4 billion in the year 2019 and is predicted to touch 5 billion till 2025, rising with a CAGR of 5% between the years 2019 to 2025 as per the research done by Global Market Insights, Inc.

The revival of global oil & gas industry plays a noteworthy role in the product market. The increasing number of oil & rigs will increase the refined petroleum products which will further propel the refinery catalyst market by the end of 2025. Entire oil & gas rig count witnessed a massive fluctuation in the past couple of years with record low prices and weakening demand. Global oil rig count fell from 3,570 in 2014 to 1,969 in 2015 and further dropped to 1,772 by the end of 2016. Refinery catalysts are employed in various processes that include isomerization, reforming, desulfurization, catalytic cracking, etc. The product help refiners to meet operational efficiency, manage fuel standards, without affecting the environment. Shrinking fuel quality standards includes reduction of benzene, olefins, etc. to shift towards fuels that are extremely low in sulfur content, which has escalated demand of catalyst for chemical synthesis.

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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

Availability and fluctuating raw material prices may hamper the product market growth during the projected timespan. The production of refinery catalyst includes eminent usage of unique earth metals such as vanadium, tungsten, molybdenum, etc. which are available at very few locations globally. This will restrict the product market growth in future.

Product variants consist of hydro processing, alkylation, reforming & isomerization and FCC (fluid catalytic cracking). Among these, alkylation catalyst market is expected to grow with a CAGR of more than 3% for the forecast spell. These catalysts are mainly used to convert low-molecular-weight alkenes such as a mixture of butene and propene along with isobutane into alkylate.

On materials basis, refinery catalyst market is subdivided into chemical compound, zeolite, metal & others. In terms of revenue, the chemical compound segment is expected to grow with a CAGR of more than 2% by 2025. Sulfuric acid, hydrofluoric acid and other chemicals compounds are suitably used as chemicals compounds-based catalysts. Chemicals compounds are immensely used in alkylation processes that is likely to propel its demand in the coming years.

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Europe refinery catalyst market will clutch more than 20% of the revenue share in future due to the presence of petrochemical industry and refineries in many European countries. Middle East & Africa will grow with the CAGR of over 4% in future owing to the extensive production of crude oil & gas.

Major competitors of refinery catalyst market include Honeywell UOP, Albemarle, Royal Dutch Shell, Haldor Topsoe, W. R. Grace & Co, Clariant, BASF and Axens, Johnson Matthey. These company's emphasis product advancement to upsurge the refinery productivity under severe environmental regulations.

Chapter 3. Refinery Catalyst Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry ecosystem analysis

3.3.1. Raw material analysis

3.3.2. Manufacturing trends

3.3.3. Profit margin

3.3.4. Value addition

3.3.5. Distribution channel analysis

3.3.6. Vendor matrix

3.3.6.1. List of key raw material suppliers

3.3.6.2. List of key manufacturers/distributors

3.4. Raw material trends

3.5. Innovation & sustainability

3.5.1. Patent analysis

3.5.2. Technology landscape

3.5.3. Production process

3.5.4. Future trends

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Revival of global oil & gas industry

3.6.1.2. Growing demand for petroleum derivatives

3.6.1.3. Tightening legislation to reduce sulfur content

3.6.1.4. Increasing automotive demand in Asia Pacific

3.6.2. Industry pitfalls & challenges

3.6.2.1. Fluctuation in raw material prices and high production cost

3.6.2.2. Increasing alternatives of energy

3.7. Regulatory trends

3.7.1. U.S.

3.7.2. Europe

3.7.3. China

3.8. Growth potential analysis

3.9. Regional price trends

3.9.1. Cost structure analysis

3.9.1.1. R & D cost

3.9.1.2. Manufacturing & equipment cost

3.9.1.3. Raw material cost

3.9.1.4. Distribution cost

3.9.1.5. Operating cost

3.9.1.6. Miscellaneous cost

3.9.2. Price by type

3.9.3. Price by material

3.10. Competitive landscape, 2018

3.10.1. Company market share analysis, 2018

3.10.1.1. Global

3.10.1.2. Regional

3.10.2. Brand analysis

3.10.3. Key stakeholders

3.10.4. Strategic dashboard

3.11. Porter's analysis

3.11.1. Supplier power

3.11.2. Buyer power

3.11.3. Threat of new entrants

3.11.4. Industry rivalry

3.11.5. Threat of substitutes

3.12. PESTEL analysis

Browse Full TOC @ https://www.gminsights.com/toc/detail/refinery-catalyst-market

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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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.

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