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MarketsandMarkets™ Presents Refinery Catalyst Market by Type, Ingredient & Region 2/20/2019Kailas Suryawanshi1
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 The report "Refinery Catalyst Market by Type (FCC Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, and Catalytic Reforming Catalysts), Ingredient (Zeolites, Metals, and Chemical Compounds), and Region - Global Forecast to 2022", The refinery catalyst market is estimated to be USD 6.81 Billion in 2017 and is projected to reach USD 7.98 Billion by 2022, at a CAGR of 3.2% from 2017 to 2022. This growth can be attributed to the increased demand for refined products as well as octane rated products. In addition, the rising demand for transportation fuels is further anticipated to boost the consumption of refinery catalysts. 2/20/2019Kailas Suryawanshi2
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 Browse >> 75 data tables 29 figures 121 pages and in-depth TOC on “ Refinery Catalyst Market ” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. [121 Pages Report] The refinery catalyst market was valued at USD 6.60 billion in 2016 and is projected to reach USD 7.98 billion by 2022, at a CAGR of 3.2% from 2017 to 2022. Report Price : Single User License : US $ 5650 Corporate User License : US $ 8150 2/20/2019Kailas Suryawanshi3
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 The hydrocracking catalysts segment is the fastest-growing type segment of the refinery catalyst market Based on type, the hydrocracking catalysts segment of the refinery catalyst market is projected to grow at the highest CAGR during the forecast period. These refinery catalysts have garnered industry-wide acceptance for their performance and general characteristics. In addition, these catalysts do not produce coke as a by-product, thereby resulting in the improved conversion of feedstock. Thus, benefits associated with hydrocracking catalysts such as their ability to handle a wide range of feedstock materials are anticipated to drive the growth of the hydrocracking catalysts segment. 2/20/2019Kailas Suryawanshi4
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 The metals segment accounted for the largest share of the refinery catalyst market in 2016 Based on ingredient, the metals segments accounted for the largest share of the refinery catalyst market in 2016. Metals are primarily used for hydrocracking and hydrotreating to remove unwanted impurities and reduce the emission of harmful gases into the environment. They are also used for desulfurization and denitrification processes. As the demand for fuels containing less sulfur content increases, the demand for metals is anticipated to witness steady growth in the near future. Thus, the increasing use of refinery catalysts will subsequently drive the consumption of metals. 2/20/2019Kailas Suryawanshi5
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 Asia Pacific is the largest market for refinery catalysts The Asia Pacific region was the largest market for refinery catalysts, in terms of volume, in 2016. China is a key consumer of refinery catalysts in the Asia Pacific region. The increase in demand for transportation fuels has contributed to the growth of the refinery catalyst market in this region. Mergers & acquisitions, new product launches & developments, and expansions are key growth strategies adopted by leading manufacturers of refinery catalysts in the Asia Pacific region. 2/20/2019Kailas Suryawanshi6
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 Albemarle Corporation (US), W.R. Grace & Co. (US), Axens SA (France), Haldor Topsoe A/S (Denmark), BASF SE (Germany), Johnson Matthey Plc (UK), Honeywell UOP (US), Clariant International Ltd. (Switzerland), and Criterion Catalysts & Technologies L.P. (US) are key players operating in the refinery catalyst market. Purchase a Copy of this Report Today ! 2/20/2019Kailas Suryawanshi7
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 MARKET LEADER Refinery catalysts are materials used in petroleum refineries to enhance the rate of chemical reactions without undergoing any permanent chemical change. These catalysts are also used to enhance the throughput from refineries. This market intelligence report on refinery catalyst segments the market on the basis of type, ingredient, and region, in terms of value and volume. 2/20/2019Kailas Suryawanshi8
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 The increase in demand for refined products and stringent environmental regulations are key factors anticipated to drive the growth of the refinery catalyst market. Companies operating in this market are focused on the adoption of strategies, such as new product launches, expansions, and agreements & contracts to cater the rising demand for refinery catalysts across various regions worldwide. Key players in the refinery catalyst market include Albemarle Corporation (US), W.R. Grace & Co. (US), Axens SA (France), Haldor Topsoe A/S (Denmark), BASF SE (Germany), Johnson Matthey Plc (UK), Honeywell UOP (US), Clariant International Ltd. (Switzerland), and Criterion Catalysts & Technologies L.P. (US). 2/20/2019Kailas Suryawanshi9
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 Besides new product launches and expansions, companies have adopted joint ventures and acquisitions to expand their market share and distribution network. These strategies accounted for a significant share of all growth strategies adopted by key players in the refinery catalyst market between 2015 and 2017. 2/20/2019Kailas Suryawanshi10
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 Active Players in the Refinery Catalyst Market Albemarle Corporation (US), one of the key players in the refinery catalyst market, is involved in the development and manufacturing of refinery catalysts. The company has adopted expansions and acquisitions as key growth strategies to enhance their market share and widen their customer base. The company maintains a strong brand image in the refinery catalyst market, as it provides high-grade products for different applications. In 2015, the company successfully launched AlkyStar catalyst that can produce alkylate without the use of liquid acid catalysts. This development strategy helped the company strengthen its green chemicals product portfolio. In the same year, the company launched a new HC-PT catalyst for efficient hydrocracking. This new product launch strategy helped the company expand its existing product portfolio of refinery catalysts. 2/20/2019Kailas Suryawanshi11
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 W. R. Grace & Co. (US) is one of the largest innovation- driven companies in the refinery catalyst market. The company has adopted strategies of new product launches and expansions to enhance its revenue. In 2015, the company completed the first phase of construction of its FCC catalyst plant in Abu Dhabi (UAE). The facility is expected to start operations by 2018. The company is further focused on enhancing its operational capabilities and expanding its market presence. 2/20/2019Kailas Suryawanshi12
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 KEY REVENUE POCKETS Refinery catalysts are used for processes such as FCC, hydrotreating, hydrocracking, catalytic reforming, and alkylation. The refinery catalyst market is projected to reach USD 7.98 billion by 2022, at a CAGR of 3.2% from 2017 to 2022. Asia Pacific and North America are key commercial markets for refinery catalysts. The increasing demand for refined products and stringent environmental regulations are major factors driving the growth of the refinery catalyst market. 2/20/2019Kailas Suryawanshi13
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 The refinery catalyst market in the Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand for transportation fuels in the Asia Pacific region. Albemarle Corporation (US), W.R. Grace & Co. (US), and Haldor Topsoe A/S (Denmark) are major manufacturers of refinery catalysts in this region. The upcoming refineries in the Asia Pacific region are further anticipated to influence the demand for refinery catalysts. 2/20/2019Kailas Suryawanshi14
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 Stringent environmental regulations formulated by the Environmental Protection Agency (EPA) in the US are an important driver for the growth of the refinery catalyst market in the North American region. Among all countries in this region, the US is the largest consumer for refinery catalysts. The rising demand for hydrocracking catalysts from the refining industry in North America is further anticipated to propel the growth of the refinery catalyst market in this region. 2/20/2019Kailas Suryawanshi15
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Refinery Catalyst Market worth 7.98 Billion USD by 2022 Based on type, the hydrocracking catalysts segment of the refinery catalyst market is projected to grow at the highest CAGR between 2017 and 2022, in terms of volume. This growth can be attributed to the rising demand for middle distillates and diesel. Other factors driving the growth of the hydrocracking catalysts segment include improved quality of end-products and enhanced processing of gas-oil feedstock. Based on ingredient, the metals segment of the refinery catalyst market is projected to grow at the highest CAGR between 2017 and 2022, in terms of volume. This growth can be attributed to the increasing use of metals for hydrocracking and hydrotreating to remove unwanted impurities and reduce the emission of harmful gases into the environment. 2/20/2019Kailas Suryawanshi16
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Contact Us Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.comsales@marketsandmarkets.com 2/20/2019Kailas Suryawanshi17
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Thank You ! 2/20/2019Kailas Suryawanshi18
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