Comprehensive analysis on Refinery Catalyst Market | Key Players are: Honeywell UOP, Albemarle, Royal Dutch Shell, Haldor Topsoe, W. R. Grace & Co, Clariant, BASF and Axens, Johnson Matthey
Refinery Catalyst Market is likely to cross USD 5.5 billion by 2025; according to a new research report. 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.
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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 companys emphasis product advancement to upsurge the refinery productivity under severe environmental regulations.
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.
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 catalysts 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.
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.
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:
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Refinery Catalyst Market, Type By Material
o FCC Catalyst
o Hydroprocessing catalyst
o Chemical compound
o Chemical compound
Other hydroprocessing catalyst
o Chemical compound
o Alkylation catalyst
o Reforming & Isomerization catalyst
Refinery Catalyst Market, By Material
o Chemical compound
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Refinery Catalyst Industry Insights
Chapter 4. Refinery Catalyst Market, Type by Material
Chapter 5. Refinery Catalyst Market, By Material
Chapter 6. Refinery Catalyst Market, By Region
Chapter 7. Company Profiles
7.1. Royal Dutch Shell PLC
7.2. Albemarle Corporation
7.3. China Petroleum & Chemical Corporation (Sinopec Corp.)
7.4. BASF SE
7.5. Exxon Mobil Corporation
7.6. Clariant AG
7.7. Honeywell UOP LLC
7.8. W. R. Grace & Co.
7.9. Johnson Matthey
7.10. Haldor Topsoe A/S
7.11. Dorf-Ketal Chemicals India Private Limited
7.12. Axens SA
7.13. Pingxiang Chempack Imp & Exp Co., Ltd.
7.14. Unicat Catalyst Technologies, Inc.
7.15. JGC Catalysts and Chemicals Ltd.
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