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North America Refining Catalysts Market Size (2024 - 2029)

The North America refining catalysts market is projected to experience notable expansion, driven by increasing demand from U.S. refineries. Despite potential challenges posed by fluctuations in precious metal prices, the market is expected to grow, with the zeolites segment holding the largest market share due to its widespread use in various refining units, particularly in fluidized catalytic cracking. The United States is anticipated to lead the market, exhibiting the most rapid growth rate during the forecast period.

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Market Size of North America Refining Catalysts Industry

North America refining catalysts market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 3.50 %
Market Concentration High

Major Players

refinery catalyst market size

*Disclaimer: Major Players sorted in no particular order

North America Refining Catalysts Market Analysis

The North Americarefining catalysts market is estimated to witness a significant growth, at an estimated CAGR of over 3.5%, over the forecast period. Increasing demand from refineries in the United States are expected to drive the market during the forecast period.

  • Volatility in precious metal prices are likely to hinder the market's growth.
  • By ingredient, the zeolites segment accounted for the largest market share and is expected to grow during the forecast period owing to the fact that it is used in almost all types of refining units with major consumption in fluidized catalytic cracking units.
  • United States is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

North America Refining Catalysts Industry Segmentation

The North America refining catalysts market report includes:

Ingredient
Zeolite
Metal
Chemical Compounds
Type
Fluid Catalytic Cracking Catalysts
Reforming Catalysts
Hydrotreating Catalysts
Hydrocracking Catalysts
Isomerization Catalysts
Alkylation Catalysts
Geography
United States
Canada
Mexico
Rest of North America
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North America Refining Catalysts Market Size Summary

The North America refining catalysts market is poised for substantial growth, driven primarily by increasing demand from refineries in the United States. This growth trajectory is supported by the critical role of fluid catalytic cracking (FCC) processes in converting various feed types into high-value products such as diesel oil, jet fuel, and gasoline. The zeolites segment holds the largest market share due to its widespread application in refining units, particularly in FCC units. Despite the promising outlook, the market faces challenges from the volatility in precious metal prices, which could potentially hinder growth. The United States is expected to lead the market, benefiting from the expansion of petroleum refinery capacity and the implementation of policies aimed at enhancing energy dominance through deregulation.

The market landscape is characterized by a consolidated structure, with key players such as BASF SE, Albemarle Corporation, Haldor Topsoe A/S, Chevron Corporation, and W. R. Grace & Co.-Conn. playing significant roles. The demand for refining catalysts is further bolstered by the increasing number of petroleum refineries and the expansion of secondary units that support heavy crude oil processing. The introduction of zeolite as FCC catalysts in the 1960s marked a significant advancement, enhancing the efficiency of catalytic cracking processes. This historical development continues to influence the market dynamics, as FCC catalysts remain crucial in meeting the evolving demands of the refining industry in North America.

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North America Refining Catalysts Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Refineries in the United States

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Volatility in Precious Metal Prices

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Ingredient

      1. 2.1.1 Zeolite

      2. 2.1.2 Metal

      3. 2.1.3 Chemical Compounds

    2. 2.2 Type

      1. 2.2.1 Fluid Catalytic Cracking Catalysts

      2. 2.2.2 Reforming Catalysts

      3. 2.2.3 Hydrotreating Catalysts

      4. 2.2.4 Hydrocracking Catalysts

      5. 2.2.5 Isomerization Catalysts

      6. 2.2.6 Alkylation Catalysts

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America Refining Catalysts Market Size FAQs

The North America Refining Catalysts Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)

BASF SE, Albemarle Corporation, Haldor Topsoe A/S and W. R. Grace & Co.-Conn. are the major companies operating in the North America Refining Catalysts Market.

North America Refining Catalysts Report Snapshots

North America Refining Catalysts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)