Who are the key players in Refining Catalysts Market?

W. R. Grace & Co.-Conn, Albemarle Corporation, BASF SE, Axens and Honeywell International are the major companies operating in the Refining Catalysts Market. Read More

Which is the fastest growing region in Refining Catalysts Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Refining Catalysts Market?

In 2024, the Asia Pacific accounts for the largest market share in Refining Catalysts Market. Read More

Refining Catalysts Market Size

Market Size of Refining Catalysts Industry

Study Period	2019-2029
Market Size (2024)	USD 3.9 Billion
Market Size (2029)	USD 4.68 Billion
CAGR (2024 - 2029)	3.69 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Major Players *Disclaimer: Major Players sorted in no particular order

Refining Catalysts Market Analysis

The Refining Catalysts Market size is estimated at USD 3.9 billion in 2024, and is expected to reach USD 4.68 billion by 2029, growing at a CAGR of 3.69% during the forecast period (2024-2029).

The COVID-19 outbreak negatively impacted the market due to reduced consumption of oil-refined products. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.

Over the short term, increasing investment in refineries and the accelerating demand for higher octane fuel are the major factors driving the market studied.
On the flip side, the volatility in precious metal prices is expected to hinder market growth.
The shifting focus toward nanocatalysts will likely act as an opportunity in the future.
Asia-Pacific region accounted for the largest market for refining catalysts, with almost half of the global share, and is also expected to be the fastest-growing market.

Refining Catalysts Industry Segmentation

Refinery catalysts are a specialized type of heterogeneous catalysts used in the petroleum refining industry to convert heavy crude oil into valuable refined products such as gasoline, diesel, and jet fuel. The refining catalysts market is segmented by product, process, and geography. The market is segmented by product: CoMo, NiMo, alumina-based noble metals, NiW, zeolites, and other catalysts. The market is segmented by process into fluid catalytic cracking (FCC), residue fluid catalytic cracking (RFCC), hydrocracking, and hydrotreating. The report also covers the market size and forecasts for the refining catalysts market in 17 countries across the region. For each segment, the market sizing and forecasts are based on revenue (USD).

Product
		CoMo
		NiMo
		Alumina-based Noble Metal
		NiW
		Zeolites
		Other Products

Process

Hydrotreating
	Gasoline
	Kerosene
	Diesel
	Vacuum Gas Oil
	Catalytic Cracking Gasoline
	Residual Feed

Fluid Catalytic Cracking (FCC)

Residue Fluid Catalytic Cracking (RFCC)

Hydrocracking

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	ASEAN Countries
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Spain
	Russia
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Refining Catalysts Market Size Summary

The refining catalysts market is poised for steady growth over the forecast period, driven by increasing investments in refineries and a rising demand for higher octane fuels. The market, which experienced a downturn due to the COVID-19 pandemic, has shown signs of recovery, with a rebound in demand. However, challenges such as the volatility in precious metal prices could impede growth. The industry is also witnessing a shift towards nanocatalysts, presenting new opportunities for future expansion. The Asia-Pacific region dominates the market, holding a significant share and expected to be the fastest-growing area, with China and India playing pivotal roles in this growth trajectory.

The fluid catalytic cracking (FCC) process is integral to the refining industry, converting various feed types into lighter, high-value products like diesel, jet fuel, and gasoline. The introduction of zeolite as an FCC catalyst marked a significant advancement in catalytic cracking technology. The market's demand is further bolstered by substantial investments in refinery expansions, such as those by Indian Oil Corporation in India. Additionally, countries like South Korea and Indonesia are increasing their refining capacities to meet domestic and regional demands. The market is partially consolidated, with key players including W. R. Grace & Co.-Conn, Albemarle Corporation, BASF SE, Axens, and Honeywell International, who continue to innovate and expand their offerings.

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Refining Catalysts Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Accelerating Demand for Higher-Octane Fuel
  2. 1.1.2 Expansion of Oil and Gas Activities
  3. 1.1.3 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 Volatility in Precious Metal Prices
  2. 1.2.2 Other Restraints
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 Buyers
  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. MARKET SEGMENTATION (Market Size in Value and Volume)
1. 2.1 Product
  1. 2.1.1 CoMo
  2. 2.1.2 NiMo
  3. 2.1.3 Alumina-based Noble Metal
  4. 2.1.4 NiW
  5. 2.1.5 Zeolites
  6. 2.1.6 Other Products
2. 2.2 Process
  1. 2.2.1 Hydrotreating
    1. 2.2.1.1 Gasoline
    2. 2.2.1.2 Kerosene
    3. 2.2.1.3 Diesel
    4. 2.2.1.4 Vacuum Gas Oil
    5. 2.2.1.5 Catalytic Cracking Gasoline
    6. 2.2.1.6 Residual Feed
  2. 2.2.2 Fluid Catalytic Cracking (FCC)
  3. 2.2.3 Residue Fluid Catalytic Cracking (RFCC)
  4. 2.2.4 Hydrocracking
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 ASEAN Countries
    6. 2.3.1.6 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 Italy
    4. 2.3.3.4 France
    5. 2.3.3.5 Spain
    6. 2.3.3.6 Russia
    7. 2.3.3.7 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa