Refining Catalysts market is projected to grow at a CAGR of 1.01% during the forecast period, reaching a total market size of US$3.274 billion in 2024 from US$3.083 billion in 2018. Stringent emission control regulations and an increase in the usage of petroleum derivatives are driving the market of refining catalysts. Rising investments in refineries and the accelerating demand for transportation fuel is boosting the growth of the market. Increase use of nano-catalysts in various refining procedures is expected to uplift the growth of the market. Geographically, Asia Pacific region is expected to have a significant market share owing to the increasing refinery in the region. Moreover, increasing demand for transport fuel is also boosting the market growth in the region. North America region is also expected to have a significant market share on account of the presence of large refineries in the region. Increasing concern towards environmental effects of crude oil and search for alternatives may restrain the market growth. Rising popularity of renewable sources of energy such as natural gas, solar energy, wind energy, and others can hamper the growth of the market.
The “Refining catalysts market – Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, material type, and geography.
The refining catalysts market has been segmented based on type, material type, and geography. Based on type the market has been segmented into fluid catalytic cracking catalysts, reforming catalysts, hydrotreating catalysts, hydrocracking catalysts, isomerization catalysts, and alkylation catalysts. Based on material type the market has been segmented into zeolites, metals, and chemical compounds.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the refining catalysts market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the refining catalysts market.
Fluid Catalytic Cracking Catalysts
By Material Type
Middle East and Africa