BASF SE, Royal Dutch Shell plc, and 3M are Dominating in the Middle East Oil Refining Catalyst Market in 2019

Middle East Oil Refining Catalyst Market is expected to grow with the CAGR of 8.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Middle East 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 Middle East oil refining catalyst market are introducing strong range of product portfolio. This helped company to maximize the sales with enhanced product portfolio.

BASF SE is the dominating player in Middle East oil refining catalyst market. The other key players existing in the market includes Royal Dutch Shell plc , 3M, Arkema , Dow, Johnson Matthey , Albemarle Corporation , China Petrochemical Corporation , W. R. Grace & Co.-Conn, Haldor Topsoe A/S, Anten Chemical Co.,Ltd, Clariant , Exxon Mobil Corporation , Honeywell International Inc (UOP LLC) (A subsidiary of the Honeywell International Inc), Kuwait Catalyst Company among others.

BASF SE

BASF SE founded in 1873 headquartered in Ludwigshafen, Germany. The company engaged in manufacturing of chemicals, plastics, performance products, and crop protection products, oil and gas for different industries. The company offers various products 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, leather & footwear among which chemicals is market focused segment.

The company has wide global presence in Americas, Asia-Pacific, Middle East 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.

For instance,

• In December 2019, BASF 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.

Royal Dutch Shell plc

Royal Dutch Shell plc founded in 1833 is a headquartered in Hague, Netherlands. The company is engaged in the energy by providing oil, gas and low-carbon energy with upstream, integrated gas and new energies and downstream products. The company offers various products 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, shell for suppliers among which shell catalysts & technologies is market focused segment.

The company has wide global presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Shell Oil Company (U.S.), Shell Energy (U.K.), Pennzoil (U.S.), Raízen (Brazil), The New Motion B.V. (The Netherlands), Shell Australia (Australia ), Shell Czech Republic (France), QGC (Australia), BG Group (U.K.) among others.

For Instance,

• 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.

3M

3M founded in 1902 has headquartered in Minnesota, U.S. The company is engaged in manufacturing and operating in the field of industry, work safety, health care and consumer goods. The company offers various products such as products for business, products for consumers among which products for business is market focused segment.

The company has wide global presence in Americas, Asia-Pacific, Europe, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as 3M Cogent, Inc. (U.S.), 3M Electronic Monitoring, Inc. (U.S.), 3M Financial Management Company (U.S.), 3M Global Channel Services, Inc. (U.S.), 3M Innovative Properties Company (U.S.) among others.