Selbyville, Delaware, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Seasoned analysts claim that global refinery catalyst market size was remunerated at USD 3.89 billion in 2019, which is projected to grow with a CAGR of 2.9% through 2027. Ever-increasing population, burgeoning demand for petroleum products and fuels, and rising environmental concerns leading to paradigm shift towards cleaner fuels are driving the market growth.
As per the report, worldwide refinery catalyst market sphere is examined with respect to type, and ingredient terrain. Details about the industry share held by each segment and their contribution towards the market valuation over the forecast period are presented. Meanwhile, regional overview as well as competitive outlook are also expounded in the report.
For the unversed, refinery catalysts are primary employed in petroleum refinery to convert petroleum into high-value products like gasoline, diesel, and petrochemicals, while ensuring issues heat balance and such metal contamination are taken care of. The ability to improve the rate of chemical reactions and amplify the quality as well as quantity of gasoline products is boosting the demand for refinery catalysts.
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According to the U.S. Environmental Protection Agency (EPA), a vehicle drives around 11,500 miles per year with an average fuel economy of 22 miles per gallon, while every gallon of gasoline burnt emit 8.9 Kg CO2. Hence, a vehicle emits 4.6 metric tons of CO2 every year. Introduction of stringent environmental regulations aimed at minimizing air pollution and using low-sulphur content fuels are stimulating the worldwide refinery catalysts industry outlook.
On the downside, fast depletion of crude oil reserve will be a major challenge for oil & gas industry, thereby drastically impacting the business dynamics.
Enlisting the market segmentations:
As per type, global refinery catalyst industry is categorized into catalytic reforming catalysts, hydrotreating catalysts, FCC catalysts, and hydrocracking catalysts. While based on ingredient, the market is classified into chemical compounds, metals, and zeolites.
Expounding regional ambit:
As per reliable estimates, Europe lead the global refinery catalyst market forecast in the past year, on account of rising environmental cognizance, leading to usage of cleaner petroleum products and surging demand for clean catalysts.
On the other hand, Asia Pacific refinery catalyst industry size is slated to expand substantially through 2027, owing to large population base, and soaring demand for petroleum.
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Global Refinery Catalyst Market by Type (Revenue, USD Billion, 2017-2027)
- Catalytic Reforming Catalysts
- Hydrotreating Catalysts
- Fluid Catalytic Cracking (FCC) Catalysts
- Hydrocracking Catalysts
Global Refinery Catalyst Market by Ingredient (Revenue, USD Billion, 2017-2027)
- Chemical Compounds
- Metals
- Zeolites
Global Refinery Catalyst Market Regional Outlook (Revenue, USD Billion, 2017-2027)
Europe
- United Kingdome
- Italy
- Germany
- Spain
- France
- RoE
Latin America
- Mexico
- Brazil
Asia Pacific
- India
- Australia
- Japan
- South Korea
- China
- RoAPAC
North America
- United States
- Canada
Rest of the World
Global Refinery Catalyst Market Company Profiles (Revenue, USD Billion, 2017-2027)
- Arkema S.A.
- Shell Catalysts & Technologies LP
- China Petroleum and Chemical Corporation (Sinopec)
- Johnson Matthey
- Axens Group
- Clariant AG
- Honeywell UOP (formerly UOP LLC)
- Haldor Topsoe
- W. R. Grace and Company
- Albemarle Corporation
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Refinery Catalyst Market, by Region, 2018-2027 (USD Billion)
1.2.2. Refinery Catalyst Market, by Type, 2018-2027 (USD Billion)
1.2.3. Refinery Catalyst Market, by Ingredient, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Refinery Catalyst Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Refinery Catalyst Market Dynamics
3.1. Refinery Catalyst Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Refinery Catalyst Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Refinery Catalyst Market, by Type
5.1. Market Snapshot
5.2. Global Refinery Catalyst Market by Type, Performance - Potential Analysis
5.3. Global Refinery Catalyst Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Refinery Catalyst Market, Sub Segment Analysis
5.4.1. Fluid catalytic cracking (FCC) Catalysts
5.4.2. Hydrotreating Catalysts
5.4.3. Hydrocracking Catalysts
5.4.4. Catalytic Reforming Catalysts
5.4.5. Global Refinery Catalyst Market, by Ingredient
5.5. Market Snapshot
5.6. Global Refinery Catalyst Market by Ingredient, Performance - Potential Analysis
5.7. Global Refinery Catalyst Market Estimates & Forecasts by Ingredient 2017-2027 (USD Billion)
5.8. Refinery Catalyst Market, Sub Segment Analysis
5.8.1. Zeolites
5.8.2. Metals
5.8.3. Chemical Compounds
5.8.4. Global Refinery Catalyst Market, Regional Analysis
5.9. Refinery Catalyst Market, Regional Market Snapshot
Chapter 6. Competitive Intelligence
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