Catalysis plays an important role in the production of petroleum because most of the systems are catalytic. Petroleum fractions offered by the fractional distillation of crude oil which do not meet the requirements of value levels, as a result oil refining catalyst used as substitutes. Oil refining catalyst has various advantages due to this it is used in various applications. Fluidized catalytic cracking (FCC) is one of most important oil refinery's processes. It is generally used to transform alkanes to more useful fuel, olefin and other goods.
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Data Bridge Market Research analyses that the Oil Refining Catalyst Market is expected to reach USD 75, 03,054.61 thousand by 2028 from USD 50,78,830.90 thousand in 2020 growing at a substantial CAGR of 5.10% in the forecast period of 2021 to 2028. Increasing use of catalysts for biochemical synthesis reactions will provide potential opportunities for the market growth during the forecast period.
Increasing demand of fuel for various purposes is expected to drive the market's growth rate
The increasing demand for transportation fuel is expected to drive the growth of the oil refining catalyst catalysts market. Stringent fuel standards and norms along with growing consumption of petroleum derivatives are anticipated to boost the market growth. Government guidelines governing ultra-low sulfur diesel and severe emission standards in developed countries are expected to drive the oil refining catalyst demand in the petroleum refining industry. Moreover, increasing demand for high-octane fuel, particularly in major regions such as U.S., the UK, Japan, Germany, and India, is expected to increase the market growth.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Hydrotreating, Fluidized Catalytic Cracking (FCC); Residue Fluidized Catalytic Cracking (RFCC), Hydrocracking, and Others), Catalyst (Zeolites, Metals, Chemicals), Distribution Channel (Direct Sales/B2B, Distributors/Third-Party Distributors/Traders, E-Commerce and Others), Application (Diesel, Kerosene, Distillate Dewax and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Shell (U.K.), Dow (U.S.), 3M (U.S.), W R Grace (U.S.), BASF SE (Germany), China Petrochemical Corporation (China), Albemarle Corporation (U.S.), Arkema (France), Anten Chemical Co., Ltd (China), Honeywell International Inc (U.S.), Kuwait Catalyst company (Kuwait), Clariant (Switzerland), Axens (France), Johnson Matthey (U.K.), Exxon Mobil Corporation (U.S.), JGC HOLDINGS CORPORATION (Japan), Unicat Catalyst Technologies (U.S.), Gazprom Marketing & Trading Retail Ltd (Russia), Taiyo Koko Co. Ltd. (Japan), Haldor Topsoe A/S (Denmark)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The oil refining catalyst market is segmented on the basis of type, catalyst, distribution channel and application.
The hydrotreating segment of type segment is anticipated to dominate the oil refining catalyst market
Hydrotreating segment is expected to dominate the market with a CAGR of 5.5% in the forecast period of 2021 to 2028 owing to its capability of eliminating unwanted aromatic compounds from oil stocks that produce more efficient lubricants and cleaner fuels.
The direct sales/B2B segment of distribution channel segment is anticipated to dominate the oil refining catalyst market.
Direct sales/B2B segment is expected to dominate the market with a CAGR of 5.3% in the forecast period of 2021 to 2028 because it aids the manufacturers to get better quality products at minimum cost directly from the vendors.
Major Players
Data Bridge Market Research recognizes the following companies as the major oil refining catalyst market players in oil refining catalyst market Shell (U.K.), Dow (U.S.), 3M (U.S.), W R Grace (U.S.), BASF SE (Germany), China Petrochemical Corporation (China), Albemarle Corporation (U.S.), Arkema (France), Anten Chemical Co., Ltd (China), Honeywell International Inc (U.S.), Kuwait Catalyst company (Kuwait), Clariant (Switzerland), Axens (France), Johnson Matthey (U.K.)
Market Development
Regional Analysis
Geographically, the countries covered in the oil refining catalyst market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in oil refining catalyst market during the forecast period 2021 to 2028
Asia-Pacific dominates the oil refining catalyst market due to increasing demand for industrial catalysts in the chemical sectors by major market players in this region. India dominates the Asia-Pacific oil refining catalyst market because of increasing demand for gasoline and many other petroleum derivatives from various end-use industries will further boost the market growth in this region.
North America is estimated to be the fastest-growing region in oil refining catalyst market the forecast period 2021 to 2028
North America is expected to grow during the forecast period of 2021 to 2028 owing to stringent rules and regulations regarding the octane related fuel and sulfur content in this region. Moreover, imperative desulfurization in refineries is expected to increase the demand for the oil refining catalyst catalyst and will further enhance the market growth.
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Middle East Oil Refining Catalyst Market – Industry Trends and Forecast to 2027
Asia-Pacific Oil Refining Catalyst Market – Industry Trends and Forecast to 2028
Global Oil Refining Catalyst Market – Industry Trends and Forecast to 2028
North America Oil Refining Catalyst Market – Industry Trends and Forecast to 2028
Europe Oil Refining Catalyst Market – Industry Trends and Forecast to 2028