Market Overview
Catalyst is used to make a chemical reaction process faster than usual process time which saves time, cost as well as energy. Whereas, refinery catalyst is used to convert low octane count into high-octane products. In other words, refinery catalyst can help in converting crude oil into liquid products include gasoline, kerosene, and diesel. The oil refining catalysts are widely used to counter issues such as metal contamination and heat balance effect in tight oil processing.
Increasing tight oil production in the U.S., Russia, China, India and Argentina are expected to drive market growth over the forecast period. Stringent government regulations including those related to Ultra-low Sulfur Diesel (ULSD) and strict emission standards in developed economies are anticipated to remain the major factors steering demand for refinery catalysts in petroleum refining sector. The oil refining catalyst market valued US$ XX million in 2019 and it is expected to grow at a CAGR of XX% to reach US$ XX million by 2027.
Market Dynamics:
Emissions that are released into the environment from automobiles and industrial processing units have been harming the environment significantly. According to the US Environmental Protection Agency (EPA), a typical vehicle emits about 4.6 metric tons of CO2 per year.
On the other hand, there is a discernible growth of the aerospace industry across the globe which is much dominated by the regions such as North America, Europe, and some parts of Asia-Pacific. According to Aviation Benefits beyond Borders, the aviation industry supports US$2.7 trillion (3.6%) of the world's gross domestic product (GDP). Evidently, this is creating a sustainable demand for aviation fuel.
In the manufacturing of aviation fuel, hydro-processing is a very important process because it upgrades the feed by executing catalytic cracking at high temperatures. The growing demand from the aerospace industry is leading to an enhanced rate of hydro-cracking in the refineries across the globe which is leading to growth prospects in the oil refining catalyst market across the world.
Segment Analysis
Global oil refining catalyst is segmented into type, catalyst ingredient, distribution channel, application and region. Based on the type, the market is segmented into Fluidized Catalytic Cracking (FCC) Catalyst, Alkylation Catalyst, Hydrocracking Catalysts, Hydrotreating Catalysts, Catalytic Reforming, Residue Fluidized Catalytic Cracking (RFCC), Diesel Fuel Dewaxing, Oligomerization of Butane-Butylene Fraction, Aromatization of Paraffins and others. . On the basis of catalyst ingredient, the market is segmented into metallic, zeolites and chemical compounds.
Based on the distribution channel, the market is segmented into Direct Sales/B2B, Distributors, Third-Party Distributors/Traders, E-Commerce and others. On the basis of application, the market is segmented into Diesel, Kerosene, Distillate Dewax and others.
Currently, the major market players of oil refining catalysts are highly focused towards designing catalysts that can handle all kinds of feedstock and ensure stable, reliable, easy, and profitable hydrotreating and hydrocracking applications. For the same, adoption of superior process designs, proprietary equipment, and innovation of performance refinery catalysts has helped the manufacturers gain a competitive edge over the others. Further, a combination of technical expertise and sustainable approaches to production is increasingly being adopted by the manufacturers.
For instance, in 2019, Honeywell UOP formed a joint venture with Kuwait Integrated Petroleum Industries Company (KIPIC; Kuwait) to supply refinery catalysts for refining and petrochemicals sections in its Al-Zour refinery. This joint venture will help in increasing the plant's output capacity of fuels and petrochemicals.
Geographical Presentation
By region, the oil refining catalyst market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa. Among all of the regions, Asia-Pacific dominated the oil refining catalyst market. China and India were reported as the second and fifth largest countries, respectively, in the market for refinery catalyst in 2019. Increasing number of private sector companies has played a crucial role in promoting the refining industry in the aforementioned countries especially in India.
Reliance operated Jamnagar refinery complex in Gujarat had a capacity of 1.2 million barrels per day in 2019, which was the largest refinery in the world. The government of India has approved Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR) policy for promoting FDI investments in the oil and gas sector. This regulatory move is expected to accelerate the petrochemicals and polymers production in India, thus contributing to the demand for oil refining catalysts in the upcoming years.
Competitive Analysis
Key players operating in the market are Albemarle Corporation, BASF SE, Johnson Matthey Plc, Clariant International Ltd., and others. Leading multinational players dominate the market and hold substantial market share, thereby, presenting tough competition to new entrants.
Key players focus on various strategic initiatives such as merger & acquisition, geographical expansion, new product launch and increasing R&D expenditure to stay competitive in the market. For instance, in 2019, Sinopec completed central unit of the AL-Zout refinery project in Kuwait. The refinery is expected to produce 3,150 tons of oil annually, thereby increasing the demand for the company's refinery catalyst.
Why Purchase the Report?
- Visualize the composition of the oil refining catalyst market products in terms of data type, catalyst ingredient, distribution channel and application highlighting the critical commercial assets and players
- Identify commercial opportunities in the oil refining catalyst market by analyzing trends and co-development deals
- Excel data sheet with thousands of data points of global oil refining catalyst market-level 4/5 segmentation
- PDF report with the most relevant analysis cogently put to get her after exhaustive qualitative interviews and in-depth market study
- *The global oil refining catalyst market report will provide access to approximately 69 Market data tables, 70 figures and 237 pages
Target Audience
- Catalyst Manufacturers
- Catalyst Suppliers, Distributors
- Government Regulatory Bodies
- Others
Table of Contents
1. Global Oil Refining Catalyst Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Global Oil Refining Catalyst Market-Market Definition and Overview
3. Global Oil Refining Catalyst Market-Executive Summary
- 3.1. Market Snippet by Type
- 3.2. Market Snippet by Catalyst Ingredient
- 3.3. Market Snippet by Distribution Channel
- 3.4. Market Snippet by Application
- 3.5. Market Snippet by Region
4. Global Oil Refining Catalyst Market-Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Impact Analysis
- 4.2. Opportunity
- 4.3. Trends
5. Global Oil Refining Catalyst Market-Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Regulatory Analysis
- 5.4. Pricing Analysis
- 5.5. Covid-19 Analysis
- 5.5.1. Analysis of Covid-19 on the Market
- 5.5.2. Pricing Dynamics Amid Covid-19
- 5.5.3. Demand-Supply Spectrum
- 5.5.4. Government Initiatives Related to the Market During Pandemic
- 5.5.5. Manufacturers Strategic Initiatives
6. Global Oil Refining Catalyst Market- By Type
- 6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 6.1.2. Market Attractiveness Index, By Type
- 6.2. Fluidized Catalytic Cracking (FCC) Catalyst*
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis, USD Mn, 2018-2027 and Y-o-Y Growth Analysis (%),2018-2027
- 6.3. Alkylation Catalyst
- 6.4. Hydrocracking Catalysts
- 6.5. Hydrotreating Catalysts
- 6.6. Catalytic Reforming
- 6.7. Residue Fluidized Catalytic Cracking (RFCC)
- 6.8. Diesel Fuel Dewaxing
- 6.9. Oligomerization of Butane-Butylene Fraction
- 6.10. Aromatization of Paraffins
- 6.11. Others
7. Global Oil Refining Catalyst Market- By Catalyst Ingredient
- 7.1. Introduction
- 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis(%), By Catalyst Ingredient
- 7.1.2. Market Attractiveness Index, By Catalyst Ingredient
- 7.2. Metallic*
- 7.2.1.1. Introduction
- 7.2.1.2. Market SizeAnalysis,US$Mn,2018-2027 and Y-o-Y Growth Analysis (%),2018-2027
- 7.3. Zeolites
- 7.4. Chemical Compounds
8. Global Oil Refining Catalyst Market-By Distribution Channel
- 8.1. Introduction
- 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis(%),By Region
- 8.1.2. Market Attractiveness Index, By Region
- 8.2. Direct Sales/B2B
- 8.3. Distributors
- 8.4. Third-Party Distributors/Traders
- 8.5. E-Commerce
- 8.6. Others
9. Global Oil Refining Catalyst Market-By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis(%),By Region
- 9.1.2. Market Attractiveness Index, By Region
- 9.2. Diesel
- 9.3. Kerosene
- 9.4. Distillate Dewax
- 9.5. Others
10. Global Oil Refining Catalyst Market-By Region
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis(%),By Region
- 10.1.2. Market Attractiveness Index, By Region
- 10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis(%), By Type
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis(%),By Catalyst Ingredient
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis(%),By Distribution Channel
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis(%),By Application
- 10.2.7. Market Size Analysis and Y-o-Y Growth Analysis(%),By Country
- 10.2.7.1. U.S.
- 10.2.7.2. Canada
- 10.2.7.3. Mexico
- 10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis(%), By Type
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis(%),By Catalyst Ingredient
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis(%),By Distribution Channel
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis(%),By Application
- 10.3.7. Market Size Analysis and Y-o-Y Growth Analysis(%),By Country
- 10.3.7.1. Germany
- 10.3.7.2. U.K.
- 10.3.7.3. France
- 10.3.7.4. Russia
- 10.3.7.5. Rest of Europe
- 10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis(%), By Type
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis(%),By Catalyst Ingredient
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis(%),By Distribution Channel
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis(%),By Application
- 10.4.7. Market Size Analysis and Y-o-Y Growth Analysis(%),By Country
- 10.4.7.1. Brazil
- 10.4.7.2. Argentina
- 10.4.7.3. Rest of South America
- 10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis(%), By Type
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis(%),By Catalyst Ingredient
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis(%),By Distribution Channel
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis(%),By Application
- 10.5.7. Market Size Analysis and Y-o-Y Growth Analysis(%),By Country
- 10.5.7.1. China
- 10.5.7.2. India
- 10.5.7.3. Japan
- 10.5.7.4. Australia
- 10.5.7.5. South Korea
- 10.5.7.6. Indonesia
- 10.5.7.7. Rest of Asia-Pacific
- 10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis(%), By Type
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis(%),By Catalyst Ingredient
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis(%),By Distribution Channel
- 10.6.6. Market Size Analysis and Y-o-Y Growth Analysis(%),By Application
- 10.6.7. Market Size Analysis and Y-o-Y Growth Analysis(%),By Country
- 10.6.7.1. Saudi Arabia
- 10.6.7.2. UAE
- 10.6.7.3. Israel
- 10.6.7.4. Rest of Middle East and Africa
11. Global Oil Refining Catalyst Market Competitive Landscape
- 11.1. Competitive Scenario
- 11.2. Market Positioning/Share Analysis
- 11.3. Mergers and Acquisitions Analysis
12. Global Oil Refining Catalyst Market Company Profiles
- 12.1. Albemarle Corporation *
- 12.1.1. Company Overview
- 12.1.2. Product Portfolio and Description
- 12.1.3. Key Highlights
- 12.1.4. Financial Overview
- 12.2. BASF SE
- 12.3. Johnson Matthey
- 12.4. Clariant International Ltd
- 12.5. Exxon Mobil Corporation
- 12.6. Haldor Topsoe A/S
- 12.7. W. R. Grace & Co.-Conn
- 12.8. Honeywell UOP
- 12.9. China Petrochemical Corporation (Sinopec)
- 12.10. Royal Dutch Shell plc
- 12.11. 3M
- 12.12. Arkema
- 12.13. Dow
- 12.14. Clariant
- List is not exhaustive
13. Global Oil Refining Catalyst Market-Premium Insights
14. Global Oil Refining Catalyst Market-DataM
- 14.1. Appendix
- 14.2. About Us and Services
- 14.3. Contact Us
