Refinery Isomerization Unit Market: Introduction

  • Isomerization is an advanced recycling process, wherein the isomerization unit converts light naphtha into a higher-value gasoline. End products of this process are sulfur, aromatics, benzene precursors, and olefins.
  • Light naphtha that contains C5s and C6s is mixed with a small amount of hydrogen at 93°c to 204°c. It is passed into a reactor vessel containing platinum catalyst. This process rearranges the straight chains to branched isomers. 
  • Various companies are investing in upgrade of refinery, petrochemical plants, and gas processing plants by installing isomerization units due to the rise in demand for clean burning fuel. This is providing opportunities for the market.

Key Drivers and Restraints of Global Refinery Isomerization Unit Market

  • Rapid globalization and industrialization is key driver of the global refinery isomerization unit market. Of late, demand for oil and gas has been rising significantly across the globe. This has resulted in upgrade of the existing infrastructure of refineries. This rise in demand for fuel is one of the major drivers of the global refinery isomerization unit market.
  • Stringent government rules and regulations about the emission of sulfur content is another factor driving the refinery isomerization unit market. Refinery isomerization units recycle low naphtha and convert it into high value fuel, which is free of sulfur, aromatics, and benzene-like pollutants. Thus, there has been a rise in investment for clean fuel. This is expected to drive the refinery isomerization unit market in the near future.
  • Rise in awareness about renewable energy is a key restraint of the global refinery isomerization unit market in oil & gas industry. Global awareness about renewable energy has increased substantially over the last few years. This is expected to be one of the key restraining factors of the refinery isomerization unit market during the forecast period.

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Global Refinery Isomerization Unit Market Segmentation

  • The global refinery isomerization unit market can be segmented based on refinery type and technology
  • In terms of refinery type, the refinery isomerization unit market can be segmented into integrated and non-integrated. Rise in number of integrated refineries across the globe is boosting the refinery isomerization unit market.
  • Based on technology, the global refinery isomerization unit market can be divided into chlorinated alumina, zeolite, and mix metal oxide. The zeolite segment dominated the market in 2018. It is expected to maintain its dominance during forecast period.

Global Refinery Isomerization Unit Market: Regional Segmentation

  • Based on region, the global market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • North America dominated the global refinery isomerization unit market in 2018. This trend is projected to continue during the forecast period due to the increase in capacity of oil and gas production and presence of large numbers of private oil companies in the region.
  • Middle East & Africa is a major oil producing region in the world. Offshore developments and discoveries of new oil and gas fields in countries such as Qatar, the UAE, and Saudi Arabia are anticipated to dominate the refinery isomerization unit market in the Middle East during the forecast period.
  • Asia Pacific is key region of the global refinery isomerization unit market, due to rapid industrialization, rise in standard of living, and GDP growth rate
  • The market in Latin America and Europe is estimated to expand at a considerable pace during the forecast period. Advancement in the automobile industry and rise in demand for clean fuel in these regions are anticipated to drive the market during the forecast period.

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Key Developments

  • In July 2019, Kuwait Integrated Petroleum Industries Company awarded Honeywell International Inc a contract to expand the Al-Zour refinery. According to the contract, Honeywell International Inc. will revise the configuration and capacity of the refinery’s gasoline production facilities to produce clean burning fuels.
  • In April 2019, HPCL Rajasthan Refinery Limited (HRRL), a joint venture company of HPCL and the Government of Rajasthan, India, selected Axens to supply several technologies for 9 MTPA integrated refinery and petrochemical complex to be set in Pachpadra Tehsil of Barmer District of Rajasthan. According to the agreement, Axens will provide C5-C6 isomerization unit, naphtha hydrotreating unit (NHT), semi-regenerative reformer, and other technologies.

Key Players Operating in the Market

  • Honeywell International Inc
  • SENER group
  • GTC Technology
  • SIE Neftehim, LLC
  • Avantium
  • Axens
  • KBR Inc.
  • voestalpine Böhler Welding Group GmbH

Global Refinery Isomerization Unit Market: Research Scope

Global Refinery Isomerization Unit Market, by Refinery Type

  • Integrated
  • Non-integrated

Global Refinery Isomerization Unit Market, by Technology

  • Chlorinated Alumina
  • Zeolite
  • Mix Metal Oxide

Global Refinery Isomerization Unit Market, by Region

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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Refinery Isomerization Unit Market

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