MEA Refining Catalysts Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Refining Catalysts Market Analysis
The Middle-East and Africa refining catalysts market is estimated to witness a significant growth, at an estimated CAGR of over 3%, over the forecast period. Accelerating demand for higher octane fuels and increasing investments in refineries 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.
- Shifting focus toward nanocatalysts is likely to create opportunities to the market growth in the coming years.
MEA Refining Catalysts Market Trends
This section covers the major market trends shaping the MEA Refining Catalysts market according to our research experts:
Fluid Catalytic Cracking (FCC) Catalysts to Dominate the Market
- The fluid catalytic cracking (FCC) process plays a crucial role in refineries while producing lighter products from crude oil.
- FCC unit helps in converting a variety of feed types, such as cracked gas oil, gas oil, deasphalted gas oils, vacuum/atmospheric resins, and others, into lighter and high-value products, such as diesel oil, jet fuel, LPG, kerosene, and gasoline.
- In the FCC unit, the feedstock is heated at high temperature and moderate pressure. Along with this, the feedstock is brought in contact with a catalyst which helps to break the long-chain molecules of the high-boiling hydrocarbon liquids into small molecules, which are further collected in the form of vapors.
- In the FCC process, the catalysts are used in the form of fine powders. Previously, catalysts, such as amorphous silica-alumina were used for cracking vacuum gas oils in the FCC unit. However, in the early 1960s, zeolite was commercially introduced as FCC catalysts, which had been a significant advancement in the history of catalytic cracking.
- Owing to the aforementioned factors, FCC catalysts are of great importance in propelling the market demand for refining catalysts in the forecast period.
Saudi Arabia to Dominate the Market
- Due to various government policies in oil refinery sector along with company acquisitions, the Saudi Arabian refining catalyst market is expected to grow during the forecast period.
- Saudi Arabia is planning to raise the crude oil production capacity to cope up with the growing domestic demand, thus driving the studied market.
- Growing transportation, industrial production, electricity generation along with domestic demand resulting from rising population, and increasing income bolster the demand for refining catalysts.
- In addition, many companies are planning to expand their businesses in various countries, thus driving the refining catalyst market.
- Due to the above-mentioned factors, the market for refining catalysts in the country is projected to grow during the forecast period.
MEA Refining Catalysts Industry Overview
The Middle-East and Africa refining catalysts market is consolidated in nature. Key players in the market include BASF SE, Albemarle Corporation, Haldor Topsoe A/S, Saudi Arabian Oil Co., and W. R. Grace & Co.-Conn., among others.
MEA Refining Catalysts Market Leaders
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BASF SE
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Albemarle Corporation
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Haldor Topsoe A/S
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W. R. Grace & Co.-Conn.
*Disclaimer: Major Players sorted in no particular order
MEA Refining 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 Accelerating Demand For Higher Octane Fuels
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4.1.2 Increasing Investments in Refineries
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4.2 Restraints
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4.2.1 Volatility in Precious Metal Prices
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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 Ingredient
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5.1.1 Zeolite
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5.1.2 Metal
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5.1.3 Chemical Compounds
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5.2 Type
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5.2.1 Fluid Catalytic Cracking Catalysts
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5.2.2 Reforming Catalysts
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5.2.3 Hydrotreating Catalysts
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5.2.4 Hydrocracking Catalysts
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5.2.5 Isomerization Catalysts
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5.2.6 Alkylation Catalysts
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5.3 Geography
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5.3.1 Saudi Arabia
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5.3.2 Kuwait
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5.3.3 Qatar
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5.3.4 Nigeria
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5.3.5 United Arab Emirates
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5.3.6 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 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 Albemarle Corporation
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6.4.2 Axens
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6.4.3 BASF SE
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6.4.4 Chevron Corporation
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6.4.5 Clariant
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6.4.6 DuPont
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6.4.7 Evonik Industries AG
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6.4.8 Exxon Mobil Corporation
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6.4.9 Haldor Topsoe A/S
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6.4.10 Honeywell International Inc
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6.4.11 JGC C & C
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6.4.12 Johnson Matthey
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6.4.13 Saudi Arabian Oil Co.
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6.4.14 W. R. Grace & Co.-Conn.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Shifting Focus toward Nanocatalysts
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MEA Refining Catalysts Industry Segmentation
The Middle-East and Africa 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 | |
| Saudi Arabia | |
| Kuwait | |
| Qatar | |
| Nigeria | |
| United Arab Emirates | |
| Rest of Middle-East and Africa |
MEA Refining Catalysts Market Research FAQs
What is the current Middle-East and Africa Refining Catalysts Market size?
The Middle-East and Africa Refining Catalysts Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Refining Catalysts Market?
BASF SE, Albemarle Corporation, Haldor Topsoe A/S and W. R. Grace & Co.-Conn. are the major companies operating in the Middle-East and Africa Refining Catalysts Market.
What years does this Middle-East and Africa Refining Catalysts Market cover?
The report covers the Middle-East and Africa Refining Catalysts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa Refining Catalysts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
MEA Refining Catalyst Industry Report
Statistics for the 2024 MEA Refining Catalyst market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. MEA Refining Catalyst analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
