Refinery Catalysts Market Size, Analysis and Industrial Report 2019 to 2025

The global refinery catalysts market size is expected to reach USD 7.12 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.6% during the forecast period. Favorable regulations passed by significant associations and authorities for the use of catalysts in several refining applications are predicted to drive the growth.

The Fluid Catalytic Cracking (FCC) catalyst application segment is anticipated to witness huge demand and is gaining immense significance in Middle East owing to the presence of heavy crude oil reserves, which is expected to have a positive impact on the overall market growth in the forthcoming years.

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.

Refinery catalysts market participants are looking forward to incorporating mergers and acquisitions to extend their reach to all the developed regions. In 2014, Rockwood Holdings, Inc. and Albemarle Corporation announced an agreement under which Albemarle acquired outstanding shares of Rockwood in cash and stock transaction valued at approximately USD 6.2 billion, which rewarded them with sustainable growth.

Hydrocracking is a substantial application that is likely to witness high growth in near future as it can be placed in low penetration and high growth quadrant. Hydrocracking of heavy and highly adulterated feedstock requires optimum technical solutions that include catalyst and flow scheme consideration. This development is anticipated to surge the demand of refinery catalysts industry worldwide.

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More Detailed Study:

• Asia Pacific is the largest market for refinery catalysts as it has the largest population which in turn has enabled burgeoning growth in industrialization, urbanization, and construction activities

• Upsurge in oil and gas assessment activities has led to an increase in demand for refinery catalysts in Middle East leading to a higher CAGR in this region

• Europe witnessed an economic slowdown has hindered the market from the past few years but, the acceleration in construction and automotive industry has aided the refinery catalyst market to grow at a balanced rate

• Shale gas has attracted many markets in North America and has led to the establishment of many exploration and refining projects, which in turn, has increased the usage of the catalyst to convert heavy crude oil into lighter parts

• Rapid industrial development of refining companies and polymer manufacturing in Asia Pacific is also anticipated to drive the market

Grand View Research has segmented the segmented the global refinery catalysts market on the basis of material, application, and region:

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

• Zeolites

• Chemical Compounds

• Metals

• Others

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

• Fluid Catalytic Cracking (FCC) Catalysts

• Alkylation Catalysts

• Hydrotreating Catalysts

• Hydrocracking Catalysts

• Catalytic Reforming

• Others

Refinery Catalyst 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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