Refinery Catalysts Market: Snapshot

The global market for refinery catalysts is chiefly driven by the rising stringency of fuel emission regulations across the globe. In developed as well as developing countries across the globe, as a rising set of regulations govern the compatibility of fuels and their usages across a number of industries, the demand for refinery catalysts is set to rise globally.

Transparency Market Research estimates that the market will tread along a healthy growth path in the next few years. The global demand for refinery catalysts is likely expand at a CAGR of 3.93% between 2016 and 2024 in terms of volume. In terms of revenue, the market, with a valuation of US$11,454.2 mn in 2015, is projected to expand at a CAGR of 4.6% over the said period and rise to US$17,059.2 mn by 2024.


refinery catalysts market



Zeolites to Remain Market’s Most Popular Catalytic Material

Zeolites are the most widely consumed materials used in the global refinery catalysts market, accounting for a share of over 65.5% in terms of volume in 2015. The high demand for zeolites is chiefly driven by the rising usage of fluid catalytic cracking process across refineries to support the rising global demand for high octane gasoline. Nearly 95% of the overall zeolites produced globally are used across fluid catalytic cracking operations.

China alone accounted for the production of over 70% of world’s zeolite production in 2015 and is also one of the world’s leading consumers of the material. The consumption of zeolites is expected to remain high across Asia Pacific and North America in the next few years. Although zeolites will maintain their position as most consumed refinery catalysts, the segment of molybdenum catalysts is projected offer high potential, primarily in the Middle East and Asia Pacific from 2016 through 2024.

North America to be Most Promising Regional Market, Asia Pacific to Maintain Dominant Stance

Of the key regional markets for refinery catalysts, Asia Pacific held the dominant share of nearly 31% in the global market in 2015. The region accounts for such as huge share in the global refinery catalysts market owing to the expansion of the automotive industry and increase in consumption of diesel in the past few years. Two of the region’s foremost developing economies, India and China, collectively accounted for a significant share of the region’s overall consumption of a variety of refinery catalysts in 2015.

The government of India has decided to implement a much stricter set of emission regulation norms, the Bharat Stage VI, for all varieties of passenger vehicles by 2020. The increased demand for low-sulfur fuels triggered by that these regulations and rise in consumption of fuels owing to the mounting number of vehicle owners in the country will stimulate the market for refinery catalysts in the near future.

North America is expected to be the most promising regional market for refinery catalysts from 2016 through 2024. The market will be chiefly driven due to the rise in the number of environmental regulations on fuel emissions and the rising consumption of gasoline. The U.S. was the major consumer of refinery catalysts in North America in 2015. Of the key refinery units utilizing refinery catalysts, the segment of fluid catalytic cracking is estimated to expand at a significant rate in North America, followed by the segment of hydrocracking catalysts. Consumption of zeolites is projected to increase in the region owing to the growth in demand for cleaner gasoline.

Some of the key players operating in the highly consolidated market for refinery catalysts are Royal Dutch Shell Plc, ExxonMobil Corporation, BASF SE, Honeywell International Inc, Johnson Matthey Plc., Albemarle Corporation, Sinopec Corporation, and Ch

Refinery catalysts are widely employed in the refinery units to remove the impurities such as sulfur, nitrogen and other carbon compounds from the fuels. Stringent environmental regulations on fuel emissions across the globe is estimated to boost the demand for global refinery catalysts market. Zeolites are estimated to expand at a significant rate during the forecast period. Asia Pacific and Europe are likely to have a major share in refining catalysts market during the forecast period.

The report estimates and forecasts the refinery catalysts market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (kilo tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the refinery catalysts market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the refinery catalysts market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of refinery catalysts and global average price trend analysis.

The report includes Porter’s Five Forces Model to determine the degree of competition in the refinery catalysts market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for refinery catalysts between 2016 and 2024.

The study provides a comprehensive view of the refinery catalysts market by dividing it into refining units, materials types, physical form and geography segments. The refinery units have been segmented into  Fluid Catalytic Cracking Unit, Hydrocracking Unit, H-Oil Unit, Hydrotreating Unit (Naphtha & Distillate), Catalytic Cracking Unit, and Alkylation Unit. The materials are segmented into Zeolites, Molybdenum, Cobalt, Nickel and others. The physical form is segmented into Powders, Beads and Extrudates. These segments have been analyzed based on historic, present, and future trends.

Regional segmentation includes the current and forecast demand for refinery catalysts in Asia Pacific, North America, Europe, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for all the segments. Key countries such as the U.S., Canada, Germany, France, Italy, Spain, the U.K., India, China, ASEAN, Mexico, Brazil, GCC, and Nigeria have been included in the study. Market segmentation includes demand for individual refining units in all the regions and countries.

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Royal Dutch Shell Plc, ExxonMobil Corporation, BASF SE, Honeywell International Inc, Johnson Matthey Plc., Albemarle Corporation and Others. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding. 

The global refinery catalysts market has been segmented as follows:

Refinery Catalysts Market – Refining Unit Analysis

  • Fluid Catalytic Cracking
  • Hydrocracking
  • H-Oil
  • Hydrotreating
  • Catalytic Reforming
  • Alkylation

Refinery Catalysts Market – Material Analysis

  • Zeolites
  • Molybdenum
  • Cobalt
  • Nickel
  • Others (including platinum, etc.) 

Refinery Catalysts Market – Physical Form Analysis

  • Powders
  • Beads
  • Extrudates

Refinery catalysts market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • Nigeria
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America