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.
- In April 2019, Royal Dutch Shell plc confirmed that its affiliates formerly operated under the CRI, Criteria and Shell Global Solutions tradenames would work under the current tradename of Shell Catalysts & Innovations for the provision of catalyst, manufacturing and technical services for all of its customers worldwide. Together, these firms provide streamlined and simplified applications to the oil and petrochemical sectors to access the competitive facilities available in the company's portfolio.
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.
- 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.
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.
- 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 the best process invention was given to BASF SE 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 honours Linde’s and BASF SE’s strong commitment to provide more sustainable solutions to its customers.
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.