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Global Refining Catalysts Market - Segmented by Type, Ingredient, and, Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Refining Catalysts Market - Segmented by Type, Ingredient, and, Geography - Growth, Trends, and Forecast (2018 - 2023)

The global refining catalysts market is valued at USD 3.84 billion in 2018 and is projected to reach USD 4.59 billion by 2023, at a CAGR of 3.17% during the forecast period, majorly driven by the increasing investments in refineries. Refining catalysts are the substances, which accelerate the rate of chemical reaction without undergoing any permanent chemical change. They are primarily used by petroleum refineries to improve the output quantity by enhancing the operational efficiency during the petroleum refining process. These catalysts play a vital role in sufficing the fuel standards, emission standards, and improving selectivity and conversion.

Increasing Investments in Refineries Driving the Market

The market for refining catalysts has significantly benefitted from the increasing investments in oil refineries. For instance, Indian Oil has set a budget of INR 1.8 trillion in order to expand its refineries and expand businesses in the next 5-7 years. Petrol Corp, one of the leading Asian oil companies, invested USD 3.5 billion in order to expand its refinery in Malaysia by 2020. This expansion is estimated to add 90,000 barrels per day in its operations in Malaysia. Such investments and acquisitions of refineries, along with the increasing demand of fuel, are expected to increase the demand for refining catalysts.

Fluid Catalytic Cracking Catalysts the Dominating Type

The fluid catalytic cracking (FCC) process plays a crucial role in refineries while producing lighter products from crude oil. FCC unit helps in converting a variety of feed types, such as cracked gas oil, gas oil, deasphalted gas oils, vacuum/atmospheric resins, and others, into lighter and high value products, such as diesel oil, jet fuel, LPG, kerosene, and gasoline. Currently, there are more than 500 FCC units in the world. Around 35% of the total gasoline and 50% of the total transportation fuel is produced through FCC processing.

Asia-Pacific Dominating the Refining Catalysts Market

Asia-Pacific is estimated to be the largest market for refining catalysts, in terms of revenue, in 2016. China is a key consumer of refinery catalysts in the Asia-Pacific region. Positive growth from automotive industry in many countries, along with the growing investments for refineries, contributed to the growth of the refinery catalyst market in this region.

Notable Developments

November 2017: BASF introduced Fortres NXT FCC catalyst to help refiners increase liquid product yields with heavy resid feeds
October 2017: W. R. Grace & Co. increased the price of its Fluid Catalytic Cracking (FCC) catalysts by 3 to 9 percent, depending on product type and specific customer contract terms and commitments, effective from January 1, 2018

Major Players: Grace, Albemarle, BASF, and Sinopec, amongst others.

Reason to Purchase this Report

To understand the impact of various product type on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating product type and end-user industry in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel

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1. Introduction
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Investment in Refineries
4.1.2 Accelerating Demand for Higher Octane Fuel
4.2 Restraints
4.2.1 Volatility in Precious Metal Prices
4.3 Opportunities
4.3.1 Shifting Focus toward Nanocatalysts
4.3.2 Upcoming Investments and Capacity Additions in OPEC Countries
5. Market Segmentation and Analysis - (Market size, Growth, and Forecast)
5.1 By Type
5.1.1 Fluid Catalytic Cracking Catalysts
5.1.2 Reforming Catalysts
5.1.3 Hydrotreating Catalysts
5.1.4 Hydrocracking Catalysts
5.1.5 Isomerization Catalysts
5.1.6 Alkylation Catalysts
5.2 By Ingredient
5.2.1 Zeolites
5.2.2 Metals
5.2.3 Chemical Compounds
6. Regional Market Analysis (Market size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 Russia Federation
6.3.5 France
6.3.6 Spain
6.3.7 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 Nigeria
6.5.3 Qatar
6.5.4 Kuwait
6.5.5 UAE
6.5.6 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
8.1 Albemarle Corporation
8.2 Axens
8.3 BASF
8.4 Chevron Corporation
8.5 Clariant AG
8.6 CRI/Criterion Inc.
8.7 DuPont
8.8 Evonik Industries
8.9 ExxonMobil Chemical
8.10 Haldor Topsoe
8.11 Honeywell International Inc.
8.12 JGC C & C
8.13 Johnson Matthey
8.14 Sinopec (China Petroleum & Chemical Corporation)
8.15 W.R. Grace & Co
...List not exhaustive
9. Disclaimer
**Subject to availability of public domain

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