Refinery Catalysts Market Size, Share & Trends Report

Refinery Catalysts Market Size, Share & Trends Analysis Report By Material (Zeolites, Chemical Compounds), By Application (FCC, Hydrocracking, Catalytic Hydrotreating), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jun, 2019
  • Base Year for Estimate: 2018
  • Report ID: 978-1-68038-572-4
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 110

Industry Insights

The global refinery catalysts market size was valued at USD 5.20 billion in 2018 and is expected to expand at a CAGR of 4.6% from 2019 to 2025. Stringent norms and standards coupled with increase in the consumption of petroleum derivatives are expected to accelerate the growth. Additionally, upsurge in demand for transportation fuel is surging the market growth.

The usage of nano-catalysts, composed of high purity minerals or metals, in numerous refining procedures is expected to positively impact the growth. Along with this, major market participants have agreed to produce next generation catalysts for the production of polypropylene, which will steer the market growth.

U.S. refinery catalysts market

U.S. possessed the highest market share in 2018 and is expected to witness massive surge over the forecast period. Additionally, it accounted for the highest production rate of catalysts in the global market during the same year and is likely to witness more in the forthcoming years.

Significant chunk of global refining capacity appreciated by U.S. is anticipated to have a positive impact on refinery catalyst market. This region also has a significant amount of crude oil and natural gas reserves, which is expected to ensure easy raw material availability.

Strict emission control regulations worldwide drives the requirement for conservative and efficient processes with high yield, which is one of the most significant factors propelling the market growth. This environmental concern has further resulted in high demand for refinery catalysts that will enhance the efficiency of the process.

To reduce sulfur content in diesel and gasoline and to reduce levels of mercury, nitrogen oxides and sulfur, stringent regulations have been put forth by many developed economies due to the emission concern. These environmental norms are driving the demand for environmental refinery catalysts used in the emission reduction in refineries.

Material Insights

Based on the application, the refinery catalysts market is divided into zeolites, metals, and chemical compounds. Zeolites is the majorly used material that is likely to hold the highest market share during the forecast period. They have the ability to provide microporosity and adjustable acidity, which can be used as a catalyst in refining and petrochemical applications, and will surge the demand of this application in near future.

Chemical compounds are anticipated to emerge as the fastest-growing segment during to the forecast period owing to the rise in popularity of organometallic compounds for the production of polyethylene and polypropylene production, which is anticipated to one of the most significant factor that will increase the demand of chemical compound and will drive the market growth.

Additionally, low cost of manufacturing and rise in chemical application in the economies such as China and India are projected to ensure raw material supply for the production of chemical catalysts. Government of India has formed the Draft National Chemical Policy, intended to surge the domestic chemical production output by 2020. This policy is expected to encourage new foreign investments in chemical compound catalyst market over the forecast period.

Other materials used for catalyst are bio-catalysts and enzymes, which are gaining traction on account of being eco-friendly in the manufacturing sector. In addition, biofuels industry is likely to fuel demand for enzymes and bio-based materials as catalyst in near future. This is expected to have a positive impact on the market.

Application Insights

On the basis of application, the refinery catalysts market is split into FCC, alkylation, hydrogenation, hydrotreating, and catalytic reforming. FCC is a chemical procedure that makes use of the catalyst to create small and new molecules from larger molecules to make distillate and gasoline fuels. This is an important step in refining petroleum and is expected to grow along with petroleum refining application over the forecast period.

Alkylation is a process in petroleum refining, which combines low molecular weight olefins with isobutene in the presence of a catalyst. Alkylate is a premium blending stock because it has exceptional antiknock properties and is clean burning and owing to this, this segment is likely to grow moderately in the forthcoming years.

Global refinery catalysts market

Catalytic hydrotreating is the process to remove most of the contaminants including nitrogen, sulfur, oxygen, and metals from liquid petroleum fractions in petroleum refining. These contaminants travel through refinery processing units and can have unfavorable effects on the equipment, catalysts, and quality of the finished product.

The demand for catalytic hydrotreating is surging in Asia Pacific and hence the region is anticipated to witness the fastest growth in the forthcoming years. Hydrotreating is also used to crack catalyst to reduce sulfur and develop product yields, and to upgrade middle-distillate petroleum fractions into finished kerosene, diesel fuel, and heating fuel oils.

Regional Insights

Asia Pacific led the global refinery catalysts market and is anticipated to surge with the highest volume share in the forecast period. Upsurge in the refinery throughput in China, India, and South East Asia coupled with numerous upcoming capacity expansions in these economies may be attributed for high demand. Europe was the second largest market, which had the highest consumption rate of refinery catalysts.

North America is also expected to surge steadily owing to the rise in demand for cleaner transportation, which is expected to increase importance of catalyst used to convert heavy crude oil into light fractions. Industry growth in chemical and oil and gas sectors in Mexico is also a driving factor contributing to the regional market growth.

Technological innovations in hydraulic fracturing are likely to accelerate the production rate of unconventional sources in U.S. and Canada. Rising production of shale gas and tight oil is likely to prompt reduction in the prices of raw materials and is anticipated to increase refining margins of market players.

The U.S. government passed Farm Bill to provide incentives to all the farmers cultivating various crops for biofuels production. This step taken by the U.S. government toward promoting biofuels is estimated to propel the role of enzymes catalyst, which is likely to boost the market in the forthcoming years.

Refinery Catalysts Market Share Insights

The market is moderately consolidated and are witnessing an increase in refinery complexity along with surging requirement to optimize tight oil and sour crude refining, which has led to higher usage of specialty catalysts with enhanced efficiency. The market participants are looking forward to engaging in mergers and acquisitions to extend the reach of their products to all the developed regions.

Key players operating in the market are Clariant International Ltd.; Arkema Group; Zeolyst International Inc.; BASF SE; Chevron Corporation; Johnson Matthey Company; ExxonMobil Corporation; Evonik Industries; E.I. du Pont de Nemours & Company (DuPont); W.R. Grace & Co.; Albemarle Corporation; CRI/Criterion Catalyst; Haldor Topsoe; Axens; Scientific Design Company, Inc; Sinopec Corp.; Chimet; Lummus Technology Inc; UOP CH Sarl; and Advanced Refining Technologies LLC.

In August 2015, Haldor Topsoe A/S signed an agreement with Increase Performance Inc. to acquire complete ownership of the Furnace Manager Technology. The company believes that the acquisition will be an essential development of the technology and service offering to Topsoe’s global client base.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million, Volume in Kilo Tons & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Country Scope

U.S., Mexico, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Saudi Arabia, South Africa

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country level and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global refinery catalysts market report based on material, application, and region:

  • Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Zeolites

    • Chemical Compounds

    • Metals

    • Others

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Fluid Catalytic Cracking (FCC) Catalysts

    • Alkylation Catalysts

    • Hydrotreating Catalysts

    • Hydrocracking Catalysts

    • Catalytic Reforming

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Mexico

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

      • Australia

      • Indonesia

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

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