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Dec, 09 2021

Middle East Oil Refining Catalyst Market is Forecasted to Grow at 8.3% with Factor such as Imperative Desulfurization in Refineries is Expected to fuel the Growth of the Market

Middle East Oil Refining Catalyst Market has shown an exceptional penetration in countries such as the Saudi Arabia, and United Arab Emirates.

Stringent regulations regarding the sulfur content and octane number of the fuel by the major players drive the market growth in the forecasted period.

Oil Refining Catalyst Market Scenario

According to Data Bridge Market Research the market for oil refining catalyst in Saudi Arabia has the highest market share. Market leader is BASF SE which accounts an estimated market share of approximately 12% to 15% in the Middle East.

In December 2019, BASF SE and Linde worked together to explore the limits of chemistry to develop a modern revolutionary catalyst and steam reforming technique. The ICIS Award 2019 for Best Process Invention was given to BASF and Linde Engineering for this innovative application. It is the world's most important petrochemical market information provider and the jury chooses the winners of the highly regarded Innovation Awards every year. ICIS is a leading petrochemical information provider. The award as it honours Linde’s and BASF’s strong commitment to provide more sustainable solutions to its customers.

Middle East Oil Refining Catalyst MarketTrends Impacting the Market

Now the question is which other regions BASF SE, Royal Dutch Shell plc, and 3M are targeting? Data Bridge Market Research has forecasted a large growth in Middle East oil refining catalyst market and the market leaders targeting Saudi Arabia, Iraq, and Iran to be their next revenue pockets for 2020.

Oil refining catalyst market is becoming more competitive every year with companies such as BASF SE, Royal Dutch Shell plc, 3M as they are the top dominating companies in oil refining catalyst having maximum number of products. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the oil refining catalyst market.

For instance,

  • In February 2019, W. R. Grace & Co.-Conn. a world pioneer in specialty silica began the design of a modern silica colloidal factory in its European headquarters development and R&D facility in Worms, Germany. Such a project would meet rising consumer demand and technological requirements. Grace's manufacturing networks will grow greatly, the flexibility of the LUDOX colloidal silica portfolio of Grace will be substantially improved and the regional distribution network scalable
  • For more analysis on the oil refining catalyst market request for a briefing with our analyst’s

Oil Refining Catalyst Market Development

  • In January 2019, W. R. Grace & Co.-Conn, the leading manufacturer of polyolefines catalyst and polypropylene plant product (PP) has awarded Hanwa Total Petrochemical Co., Ltd. with a license for a new PP plant in Daesan, South Korea, for UNIPOL PP Process Technology. UNIPOL PP Process Technology provides a large variety of PP biopolymers and copolymers in the sector with the most mature and broadest selection. For less moving parts and fewer machines than anyone else, it's efficient, safe, and continuous service, the easiest of all Pierce process systems, lowers capital expenses, and lower operating and maintenance costs.

Scope of the Oil Refining Catalyst Market

Middle East oil refining catalyst market is segmented on the basis of Algeria, Bahrain, Jordan, Israel, Iraq, Iran, Egypt, Kuwait, Oman, Qatar, Turkey, Saudi Arabia, and United Arab Emirates.

All country based analysis of the oil refining catalyst market is further analyzed based on further segmentation. On the basis of type, the Middle East oil refining catalyst market is segmented into hydrotreating, fluidized catalytic cracking (FCC), residue fluidized catalytic cracking (RFCC), hydrocracking, diesel fuel dewaxing, and oligomerization of butane-butylene fraction and aromatization of paraffins. On the basis of catalyst, the market is segmented into zeolites, metals, chemicals. On the basis of 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.

The oil refining catalyst are the high usage of oil refining catalyst in the chemicals, oil refining of the Saudi Arabia is expected to fuel the growth of the market growing availability of machinery and equipment in sufficient amount in order to produce oil refining catalyst is expected to boost the market. Thus, market is witnessing strong products offering with improved market coverage.

To know more about the study:

Key Pointers Covered in the Middle East Oil Refining Catalyst Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Oil Refining Catalyst Standards and Changes
  • Market Oil Refining Catalyst Trials in Different Regions
  • Market Oil Refining Catalyst Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Import and Export Data
  • Market Oil Refining Catalyst Key Vendors and Disruptors Study
  • Market Oil Refining Catalyst Supply Chain Competiveness
  • Market Oil Refining Catalyst Value Chain Analysis

Key Market Competitors Covered in the Report

  • Royal Dutch Shell plc
  • Honeywell International Inc.
  • Albemarle Corporation
  • China Petroleum & Chemical Corporation
  • 3M
  • Dow
  • Johnson Matthey
  • Exxon Mobil Corporation.
  • W. R. Grace & Co.-Conn
  • Anten Chemical Co.,Ltd
  • Kuwait Catalyst Company
  • Clariant

Above are the key players covered in the report to know about more and exhaustive list of oil refining catalyst companies’ contact us

Research Methodology: Middle East Oil Refining Catalyst Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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