How Refinery Catalyst Market Growing Rapidly...? Honeywell UOP, Albemarle, Royal Dutch Shell, Haldor Topsoe, W. R. Grace & Co, Clariant, BASF and Axens, Johnson Matthey

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.

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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

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.

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.

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.

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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.

Glimpse of Table of Content (ToC)

Chapter 4. Refinery Catalyst Market, Type by Material

4.1. Global refinery catalyst market type insights

4.2. FCC catalyst

4.2.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.2.2. Market estimates and forecast, by region, 2014–2025

4.3. Hydroprocessing catalyst

4.3.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.3.2. Market estimates and forecast, by region, 2014–2025

4.3.3. Hydrotreating catalyst

4.3.4. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.3.5. Market estimates and forecast, by region, 2014–2025

4.3.6. Hydrocracking catalyst

4.3.7. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.3.8. Market estimates and forecast, by region, 2014–2025

4.3.9. Other hydroprocessing catalyst (hydrorefining, hydrodesulfurization, etc.)

4.3.10. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.3.11. Market estimates and forecast, by region, 2014–2025

4.4. Alkylation catalyst

4.4.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.4.2. Market estimates and forecast, by region, 2014–2025

4.5. Reforming & isomerization catalyst

4.5.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.5.2. Market estimates and forecast, by region, 2014–2025

4.6. Others (desulfurization, etc.)

4.6.1. Market estimates and forecast by material, 2014 – 2025

· Zeolite

· Metal

· Chemical compound

· Others

4.6.2. Market estimates and forecast, by region, 2014–2025

Browse key industry insights spread across 370 pages with 560 market data tables & 31 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

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