Asia-Pacific Oil Refining Catalyst Market is expected to grow with the CAGR of 9.1% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
Asia-Pacific oil refining catalyst market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.
The major players dealing in Asia-Pacific oil refining catalyst market are introducing strong range of product portfolio. This helped company to maximize the sales with enhanced product portfolio. For instance, in April 2019, W. R. Grace & Co.-Conn. announced that an agreement with TechnipFMCPLC has been signed to jointly develop improved TechnipFMC Deep Catalytic Cracking (TDCC) technology for catalysts and processes. TDCC is a TechnipFMC approved high-severity catalytic fluid cracking method designed to produce very large propylene and other petrochemical supplies. Grace's expertise, including method and technical know-how, as the leading supplier of the FCC catalytic and light-olefin additive systems, as well as TechnipFMC would be used.
Royal Dutch Shell plc is the dominating player in Asia-Pacific oil refining catalyst market. The other key players existing in the oil refining catalyst market includes Dow, Exxon Mobil Corporation, W. R. Grace & Co.-Conn, Anten Chemical Co.,Ltd, Johnson Matthey, Clariant, BASF SE, China Petrochemical Corporation, Albemarle Corporation, Honeywell International Inc (UOP LLC) (a subsidiary of the Honeywell International Inc), Haldor Topsoe A/S, Arkema, 3M and Axens among others.
Royal Dutch Shell plc:
Royal Dutch Shell plc is headquartered in Hague, Netherlands and was founded in 1833. The company is engaged in the energy sector by providing oil, gas and low-carbon energy with upstream, integrated gas and new energies and downstream products. The company deals in business segments namely downstream, integrated gas and upstream out of which downstream is the market focused segment. The company has various products under categories such as shell fleet solutions, shell catalysts & technologies, shell retail licensing, industrial lubricants and oils for business, aviation, shell chemicals, bitumen, commercial fuels, marine, shell liquefied petroleum gas (LPG), shell sulphur solutions, shell trading and supply, and shell for suppliers among which shell catalysts & technologies is the market focused category.
The company has wide presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa. The company generates revenue through various subsidiaries such as Shell Oil Company (U.S.), Shell Energy (U.K.), Pennzoil (U.S.), Raízen (Brazil), The New Motion B.V. (Netherlands) among others.
W. R. Grace & Co.-Conn:
W. R. Grace & Co.-Conn is headquartered in Maryland, U.S. and was founded in 1832. The company is engaged in processing, developing and manufacturing catalysts and related technologies used in refining, petrochemical and other chemical manufacturing applications. The company deals in business segments namely catalysts technologies, and materials technologies out of which catalysts technologies is the market focused segment. The company has various products under categories such as catalysts, fine chemicals, adsorbents, and synthetic silica among which catalysts is the market focused category.
The company has wide global presence in Americas, Europe, Middle East and Africa, and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Alltech Associates, Inc. (U.S.), Gloucester New Communities Company, Inc. (U.S.), Grace Chemical Company of Cuba (U.S.), Grace Collections, Inc. (U.S.), Grace Energy Corporation (U.S.) among others.
BASF SE is headquartered in Ludwigshafen, Germany was founded in 1873. The company is engaged in manufacturing of chemicals, plastics, performance products, and crop protection products, oil and gas for different industries. The company deals in business segments namely surface technologies, materials, chemicals, industrial solutions, agriculture solution, nutrition & care, and other out of which surface technologies is the market focused segment. The company has various products under categories such as agriculture, automotive & transportation, chemicals, construction, electronics & electric, energy & resources, furniture & wood, home care and industrial & institutional cleaning solutions, nutrition, packaging & print, paints & coatings, personal care & hygiene, pharmaceuticals, plastics & rubber, pulp & paper, textile, and leather & footwear among which chemicals is the market focused category.
The company has wide presence in Americas, Asia-Pacific, Asia-Pacific and Africa and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Aachener Chemische Werke Gesellschaft für glastechtechnische Produkte und Verfahren mbH (Germany), BASF Agricultural Solutions GmbH (Germany), BASF Agricultural Solutions Seed GmbH (Germany), BASF Agro Trademarks GmbH (Germany), BASF Akquisitions GmbH (Germany) among others.
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Asia-Pacific Oil Refining Catalyst Market – Industry Trends and Forecast to 2027
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