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Refining catalyst is used in converting heavy oils in to valuable distillable products. These catalysts are available in variety of shapes and sizes and play an essential role in producing end products from low emission fuels to cleaner burning goods. Rising developments towards catalyst regeneration for reuse which can restore activity leading to environment safety and cost effectiveness will propel industry growth.
Petroleum derivatives dominate the overall energy demand which primarily constitutes diesel, jet fuels, kerosene, gasoline, and fuel oil which will favour refinery catalyst industry growth. According to U.S. Energy Information Administration the world energy consumption will grow over 50% by 2050, where transportation energy consumption increases by 40% by 2018 to 2050. Recent regulatory amendments regarding vehicle emission led by EPA and EU Commision regarding ultra-low sulphur content in gasoline fuels for new and existing vehicles supported by increase in diesel demand as commercial transportation fuel will boost refinery catalyst market growth.
However, depleting crude oil reserves along with shifting trends towards other renewable sources such as natural gas, wind and solar energy as crude oil has high carbon footprint leading to environment concerns will restrict market growth. These factors will minimize dependency on crude oil, thus affecting refinery activities, hamper industry growth.
The global refinery catalyst market has been segmented based on type, material, application and geography.
Based on type the global refinery catalyst market is segmented into fluid catalytic cracking (FCC), hydro processing [hydrocracking, hydro treating], reforming & isomerization alkylation, desulfurization. Hydrocracking process is dominated by hydro treating process which helps in removing nitrogen, sulfur, aromatics, olefins and other contaminants from distilled crude oil to create clean burning fuel. Positive indicators towards demand in kerosene, diesel and jet fuels with low sulfur content mainly in the U.S. and Europe will further drive hydrocracking process demand.
Based on material the market was segmented into categorized into zeolite [natural zeolite, synthetic zeolite], metal [precious metals, {gold, palladium, platinum}, rare earth metals {chromium, cobalt, iron, manganese, molybdenum, nickel, zirconium, tungsten}, chemical compound {sulphuric acid & hydrofluric acid, calcium carbonate}). Zeolites dominated the material segment in 2019. These materials are hydrated aluminosilicate minerals which have wide application potential in hydrocracking due to efficiency and environmental safety. Zeolites are further divided into natural and synthetic zeolites.
Furthermore the major application studied in this market includes chemical processing, environmental safety and petroleum refinery.
Geographically global refinery catalyst market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific accounted for substantial growth in refinery catalyst market owing to high investments in refinery activities to cater fuel demand generated due to rise in on road vehicles is likely to have positive impact on industry growth. North America refinery catalyst market is driven by high fuel consumption and exports by U.S. Rising shale gas and oil exploration activities along with presence of refineries operating at high capacity in the U.S. will promote industry growth in North America region.
Major industry participants operating in the market includes Albemarle Corporation, W.R. Grace & co., Haldor Topsoe, Honeywell, UOP LLC. , Criterion Catalysts & Technologies L.P., Axens, Basf , China Petroleum & Chemical Corporation, Clarient International, Johnson Matthey, Anten Chemicals, Chempack, Dorf-Ketal Chemicals India Private Limited, Exxon Mobile Corporation, Filtra Catalyst And Chemicals, JGC Catalyst And Chemicals, KNT Group, N.E. CHEMCAT, Nippon Ketjen Co., Pingxiang Chempack Imp & exp co., ltd, Porocel, Qingdao Huicheng Enviromental Technology, Qingdao Zoranoc Oilfield Chemicals, Royal Dutch Shell, Taiyo Koko, Unicat Catalyst Technologies, Yueyang Sciensun Chemicals, Zeolyst International. Companies are engaged in strategic collaborations, acquisition and product innovation to cater rising demand along with enhance market presence.
The report analyses the global refinery catalyst market based on type, material, and geography. Various type studied are segmented into fluid catalytical cracking (FCC), hydro processing [hydrocracking, hydro treating], reforming & isomerization alkylation, desulfurization. The material segment is categorized into zeolite [natural zeolite, synthetic zeolite], metal [precious metals, {gold, palladium, platinum}, rare earth metals {chromium, cobalt, iron, manganese, molybdenum, nickel, zirconium, tungsten}, chemical compound {sulphuric acid & hydrofluric acid, calcium carbonate}). In addition the refinery catalyst market is segment into major applications including chemical processing, environment safety and petroleum refinery.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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