Global Refinery Catalyst Market Size Worth $14.55 Billion By 2032 | CAGR: 5.60%

The global refinery catalyst market size is expected to reach USD 14.55 billion by 2032, according to a new study by Polaris Market Research. The report “Global Refinery Catalyst Market Share, Size, Trends, Industry Analysis Report, By Product (Chemical Compounds, Zeolites, Metallic, Others); By Application; By Product; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Global Refinery catalysts are substances that are used in the refining process of crude oil to convert it into more valuable products such as gasoline, diesel, and jet fuel. These catalysts work by increasing the rate of chemical reactions that occur during the refining process, thus improving the efficiency of the process and reducing the energy required to produce the desired products.

The use of refinery catalysts is becoming increasingly important as the demand for cleaner and more efficient fuels continues to grow. These catalysts help to reduce the environmental impact of the petroleum refining industry by removing impurities and reducing the emissions of pollutants such as sulfur and nitrogen oxides.

There are several types of refinery catalysts that are used in the petroleum refining industry, including FCC (Fluid Catalytic Cracking) catalysts, hydrotreating catalysts, hydrocracking catalysts, and alkylation catalysts. Each of these catalysts has its own unique properties and is used in different stages of the refining process.

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The FCC catalysts segment is the largest segment of the refinery catalyst market and is widely used in the production of gasoline and other fuels. Hydrotreating catalysts are used to remove sulfur from crude oil and are essential in the production of low-sulfur fuels, which are increasingly required by environmental regulations. Hydrocracking catalysts are used to break down larger hydrocarbons into smaller ones, and alkylation catalysts are used to combine smaller hydrocarbons into larger ones.

The demand for refinery catalysts is driven by several factors, including the increasing demand for cleaner and more efficient fuels, the expansion of the petroleum refining industry in developing countries, and stricter environmental regulations. The constant development and improvement of refinery catalysts are also driving the growth of the market.

Global Refinery Catalyst Market Report Highlights        

• The Zeolites segment is expected to experience the fastest growth in the coming years. Zeolites are microporous materials that have a unique crystalline structure, which makes them ideal for use in catalysts.
• The FCC Catalysts segment accounted for the largest market share in 2022. FCC (Fluid Catalytic Cracking) catalysts are widely used in the petroleum refining industry for the production of gasoline and other fuels.
• The demand for refinery catalysts in North America is expected to witness significant growth in the coming years. The growth in demand can be attributed to the increasing demand for cleaner and more efficient fuels, as well as the expansion of the petroleum refining industry in the region.
• The global players include Chevron Corporation; Exxon Mobil Corporation; Evonik Industries AG; DuPont; Haldor Topsoe A/S; Albemarle Corporation; BASF SE; Johnson Matthey Plc; W. R. Grace; Clariant International Ltd.; Arkema; Zeolyst International.

Polaris Market Research has segmented the Global Refinery Catalyst Market report based on Product, Application, and Region:

Global Refinery Catalyst Market, Product Outlook (Revenue, USD Billion, 2019-2032)

• Chemical Compounds
• Zeolites
• Metallic
• Others

Global Refinery Catalyst Market, Application Outlook (Revenue, USD Billion, 2019-2032)

• FCC Catalysts
• Catalytic Reforming
• Hydrocracking Catalysts
• Hydrotreating Catalysts
• Alkylation Catalysts
• Others

Global Refinery Catalyst Market, Regional Outlook (Revenue - USD Billion, 2019-2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa