Middle East Oil Refining Catalyst Market, By Type (Hydrotreating, Fluidized Catalytic Cracking (FCC), Residue Fluidized Catalytic Cracking (RFCC), Hydrocracking, Diesel Fuel Dewaxing, and Oligomerization of Butane-Butylene Fraction and Aromatization of Paraffins), Catalyst (Zeolites, Metals, Chemicals), Distribution Channel (Direct Sales/BB, Distributors/Third-Party Distributors/Traders, E-Commerce, Others), Application (Diesel, Kerosene, Distillate Dewax, Others), Country (Algeria, Bahrain, Jordan, Israel, Iraq, Iran, Egypt, Kuwait, Oman, Qatar, Turkey, Saudi Arabia, United Arab Emirates) Industry Trends and Forecast to 2027
Market Analysis and Insights: Middle East Oil Refining Catalyst Market
Middle East oil refining catalyst market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.3% in the forecast period of 2020 to 2027 and expected to reach USD 173,881.78 thousand by 2027. Rising demand for gasoline and other petroleum derivatives from various end-use industries in the Middle East is the driving factor for the market growth.
Catalysis plays a crucial function in many stages of fuel development. A lot of catalytic processes are necessary for the conversion of crude oil to final commercial products, with strict consistency. Delineated configuration Up to 30% of the total number of catalysts generated in the industry is consumed by the refinery process. The catalytic application of hydrogen to different refining streams results in the elimination of heteroatoms primarily of Sulphur and Nitrogen, which have a detrimental environmental effect, such as the reduction of olefins and, to a lesser degree, of aromatics of the catalyst. Hydroprocessing of final product and intermediate hydrocarbon sources and hydrocracking systems for the upgrade of heavy intermediate products under different conditions is an important part of the modern refinery cycle.
Oil refining catalyst has advantages and is used in the various applications. Fluidized catalytic cracking (FCC) is one of oil refinery's most important processes. It is commonly used to transform alkanes or residuum fractions of crude oil to more useful fuel, olefin, and other goods. As a catalyst, conventional cracking utilizes zeolites. Rising demand for gasoline and other petroleum derivatives from various end-use industries, stringent regulations regarding the sulfur content and octane number of the fuel drive the Middle East oil refining catalyst market while political instability in Middle East country and volatility in raw material prices hamper the Middle East oil refining catalyst market.
This oil refining catalyst market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East Oil Refining Catalyst Market Scope and Market Size
Middle East oil refining catalyst market is categorized into four notable segments which are based on type, catalyst, distribution channel and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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. Hydrotreating is further segmented into gasoline, kerosene, diesel, vacuum gas oil, catalytic cracking gasoline, and residual feed. Fluidized catalytic cracking (FCC) is further segmented into distributed matrix structures (DMS) technology, proximal stable matrix and zeolite (PROX-SMZ) technology, boron-based technology (BBT), improved zeolite y (IZY) technology, multiple framework topologies (MFT) technology. In 2020, hydrotreating segment is expected to dominate the market due to the established and reliable method for transforming low value heavy oil fractions into higher value products in the Middle East region.
- On the basis of catalyst, the Middle East oil refining catalyst market is segmented into zeolites, metals, chemicals. Zeolites are further segmented into natural zeolites, synthetic zeolites. Metals are further segmented into precious metals, transition and base metals, rare earth metals. Precious metals are further segmented into platinum (PT), palladium (PD), gold (AU), others. Transition and base metals are further segmented into molybdenum (MO), tungsten (W), cobalt (CO), nickel (NI), iron (FE), zirconium (ZR), manganese (MN), chromium (CR) and others. Chemicals are further segmented into sulfuric acid, hydrofluoric acid, calcium carbonate and others. In 2020, chemicals segment is expected to dominate the market as it speeds up the rate of reaction, due to the plant will not have to run for as long as it delivers the same quantity of product.
- On the basis of distribution channel, the Middle East oil refining catalyst market is segmented into direct sales/B2B, distributors/third-party distributors/traders, e-commerce and others. In 2020 direct sales/B2B segment is expected to dominate the market due to large quantity demand from the oil manufacture was fulfill by the direct sales B2B distribution channel only.
- On the basis of application, the Middle East oil refining catalyst market is segmented into diesel, kerosene, distillate dewax and others. In 2020, diesel segment is expected to dominate the market because of increasing demand from diesel engine automotive increasing the consumption of the segment in the Middle East region.
Middle East Oil Refining Catalyst Market Country Level Analysis
Oil refining catalyst market is analysed and market size information is provided by country, type, catalyst, distribution channel and application as referenced above.
The countries covered in the Middle East oil refining catalyst market report are the Algeria, Bahrain, Jordan, Israel, Iraq, Iran, Egypt, Kuwait, Oman, Qatar, Turkey, Saudi Arabia, and United Arab Emirates.
- In the Middle East, Saudi Arabia has simple configurations and high fuel oil yields, partly due to high power generation requirements. Oil refining catalyst gets affected the high usage of oil refining catalyst materials in the oil refinery in the Saudi Arabia and increasing investment in production of zeolite catalyst accounts the maximum value of the catalyst product which makes the with hydrotreating segment dominating in the region. In Iraq, the increasing demands for the oil from the other parts of the world are driving the growth. In Iran, growth is being driven due to the established and reliable method for transforming low value heavy oil fractions into higher value products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Ability to Form Desired Shape Due to Molding Quality
Oil refining catalyst market also provides you with detailed market analysis for every country growth in Oil refining catalyst industry with oil refining catalyst sales, components sales, impact of technological development in oil refining catalyst and changes in regulatory scenarios with their support for the oil refining catalyst market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Oil Refining Catalyst Market Share Analysis
Oil refining catalyst market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to oil refining catalyst market.
The major players covered in the report are BASF SE, 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. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the oil refining catalyst market.
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
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for oil refining catalyst through expanded production range.
Customization Available: Middle East Oil Refining Catalyst Market
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