Petroleum Refining & Chemicals Catalysts Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Petroleum Refining & Chemicals Catalysts Market Analysis
The global catalysts in petroleum refining, chemicals, and polymer synthesis market are expected to grow with a CAGR greater than 4% during the forecast period. One of the major factors driving the market is the increasing refinery market output in Africa, Middle-East, and Asia-Pacific. However, high manufacturing costs are hindering the growth of the market studied.
- Rising demand for maintaining high octane figures is another major driver for the market studied
- Asia-Pacific is expected to account for the highest market share during the forecast period.
- Among the applications, Petroleum Refining is likely to account for the highest market share during the forecast period.
Petroleum Refining & Chemicals Catalysts Market Trends
This section covers the major market trends shaping the Petroleum Refining & Chemicals Catalysts Market according to our research experts:
Petroleum Refining Application to Dominate the Market
- The growing consumption of petroleum products, like hydrocarbons, is expected to grow, thereby, driving the market studied. The global demand for liquid hydrocarbons is growing mainly due to the growth of the population and the consumer class in developing countries.
- The growth in the demand for oil in the developing countries will be majorly encouraged by the industrial sector, in particular, the petrochemical industry.
- Stringent environmental legislations, while being a bane for industries, such as refineries, can be a boon for catalyst manufacturers, provided they introduce efficient catalysts at the right time.
- For instance, 'drop-in' catalysts that can be used with the existing refinery setup could be a preferred industry choice.
- Hence, owing to the above-mentioned reasons, the petroleum refining catalysts application is likely to dominate the market studied during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific is likely to lead the market owing to the higher consumption of petroleum products, including transport fuels, polymers, and other life amenities. The major demand for catalysts in Asia comes from China.
- China has emerged as one of the biggest production houses in the world today and is the principal location for the manufacture and export of plastic products.
- In the recent past, there has been significant growth in the demand for catalysts from India, and Southeast Asian countries for various applications.
- Hence, owing to the above-mentioned factors, Asia-pacific is likely to dominate the market during the forecast period.
Petroleum Refining & Chemicals Catalysts Industry Overview
The global catalysts in petroleum refining, chemicals, and polymer synthesis market is moderately fragmented as the majority of the market share is divided among many players. Some of the key players in the market include BASF SE, Honeywell International Inc, Exxon Mobil Corporation, Dow, and Chevron Phillips Chemical Company, among others.
Petroleum Refining & Chemicals Catalysts Market Leaders
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BASF SE
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Honeywell International Inc
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Exxon Mobil Corporation
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Dow
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Chevron Phillips Chemical Company
*Disclaimer: Major Players sorted in no particular order
Petroleum Refining & Chemicals Catalysts Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Refinery Market Output in Africa, Middle East, and Asia-Pacific
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4.1.2 Rising Demand for Maintaining High Octane Figures
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4.2 Restraints
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4.2.1 High Manufacturing Costs
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4.2.2 Other Restraints
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Material
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5.1.1 Metals and Organometallic Catalysts
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5.1.1.1 Inexpensive Metals
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5.1.1.2 Precious Metals
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5.1.1.3 Metallic Compounds
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5.1.2 Aluminosilicates
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5.1.2.1 Zeolites
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5.1.2.2 Molecular Sieves
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5.1.3 Chemical Compounds
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5.1.3.1 Peroxides
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5.1.3.2 Acids
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5.1.3.3 Amines
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5.1.3.4 Other Chemical Compounds
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5.1.4 Other Materials
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5.2 Application
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5.2.1 Petroleum Refining
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5.2.1.1 Fluid Catalytic Cracking (FCC)
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5.2.1.2 Hydrocracking
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5.2.1.3 Hydrotreating
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5.2.1.4 Alkylation
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5.2.1.5 Reforming
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5.2.1.6 Isomerization
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5.2.2 Chemical Synthesis
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5.2.2.1 Organic Synthesis
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5.2.2.2 Oxidation
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5.2.2.3 Hydrogenation
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5.2.2.4 Dehydrogenation
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5.2.2.5 Synthesis Gas Processes
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5.2.3 Polymerization
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5.2.3.1 Polyolefins
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5.2.3.2 Condensation Polymers
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5.2.3.3 Thermosetting Polymers
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5.2.3.4 Additional Polymers
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 Bayer Technology Services
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6.4.3 Catalytic Distillation Technologies
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6.4.4 Chicago Bridge & Iron Company
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6.4.5 Chevron Phillips Chemical Company
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6.4.6 Clariant International Ltd
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6.4.7 Dow
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6.4.8 Eastman Chemical Co.
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6.4.9 Eka Chemicals AB
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6.4.10 Evonik Industries AG
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6.4.11 Exxon Mobil Corporation
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6.4.12 INEOS Technologies
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6.4.13 Johnson Matthey, Inc.
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6.4.14 KBR, Inc.
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6.4.15 Nova Chemicals Corp.
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6.4.16 Honeywell International Inc
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6.4.17 W.R. Grace & Co.
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6.4.18 Wako Chemicals USA, Inc.
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6.4.19 Zeochem, LLC
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6.4.20 Zeolyst International
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Petroleum Refining & Chemicals Catalysts Industry Segmentation
The Global Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market report includes:
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Petroleum Refining & Chemicals Catalysts Market Research FAQs
What is the current Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market size?
The Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market?
BASF SE, Honeywell International Inc, Exxon Mobil Corporation, Dow and Chevron Phillips Chemical Company are the major companies operating in the Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market.
Which is the fastest growing region in Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market?
In 2024, the Asia Pacific accounts for the largest market share in Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market.
What years does this Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market cover?
The report covers the Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Petroleum Refining & Chemicals Catalysts Industry Report
Statistics for the 2024 Petroleum Refining & Chemicals Catalysts market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Petroleum Refining & Chemicals Catalysts analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
