Refinery Catalyst Market Growing Production and Revenue 2019 to 2024

The worldwide market for Refinery Catalyst is expected to grow at a CAGR of roughly 3.17% over the next five years, will reach 5506.7 million US$ in 2024, from 4811.2 million US$ in 2019

Refining catalyst is a substance that aids in the conversion of petroleum refinery naphthas into high-octane liquid products. Besides, it also converts low octane hydrocarbons into cyclic naphthalenes and other branched alkanes. Then, these are again dehydrogenated to produce aromatic hydrocarbons with high octane number. Refining catalyst produces high valued elements that are used in petrochemicals, diesel, and gasoline.

Get a free sample copy before purchase:

Top Companies in the Global Refinery Catalyst Market : Grace Catalysts Technologies, BASF, Albemarle, Criterion, Johnson Matthey, Haldor Topsoe, UOP (Honeywell), Axens, JGC C&C, Sinopec, CNPC, HCpect

Global Refinery Catalyst Market Split By Product Type And Applications:

This report segments the global Refinery Catalyst Market on the basis of Types are:

FCC Catalysts
Hydro-processing Catalyst

On the basis of Application, the Global Refinery Catalyst Market is segmented into:

Dispersed Catalyst
Supported Catalyst

Asia-Pacific to Dominate the Market

  • In 2018, Asia-Pacific accounted for the largest share in the market for refining catalysts with almost half of the global share and is also expected to be the fastest growing market.
  • China is the major market holder and accounted for more than 40% share of the region. China’s refinery capacity is about 14177 thousand barrels per day which constitute 14.6% of the world’s refining capacity.
  • Additionally, one of the top oil refiners in India, Indian Oil Corp. Ltd announced its plan to invest INR 1.8 trillion along with the expansion of Barauni and Gujarat refineries in order to expand the refining capacity in the country in the coming five years.
  • Furthermore, Rotary Engineering Ltd, Singapore has signed a contract with Emirates National Oil Co. (ENOC) of Dubai which amounts to USD 1 billion. Rotary Engineering will make 12 storage tanks refinery which will store the increased production of jet fuel, naphtha, and gasoline blendstocks.
  • Such investments are expected to boost the market for refining catalysts in the region during the forecast period.
  • The huge growth of Asia-Pacific is quite instrumental in the expansion of the refining catalysts market.

 Explore Full Report With Detailed TOC Here:

About Us:

MarketInsightsReports provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687 |






Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button