Global Refinery Catalyst Market is valued approximately USD 3.89 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 2.9 % over the forecast period 2020-2027. Refinery Catalysts are widely used to fix issues such as metal contamination and heat balance effect in tight oil processing. Refining catalyst is a substance that is used to convert petroleum refinery into the reformats. With the help of refinery catalysts ,the companies can produce high valued elements that are petrochemicals, diesel, and gasoline. Refinery catalysts are predominantly used in petroleum refineries, where they are used to change the rate of chemical reactions and enhance the quality of gasoline products. Further, the growing demand for petroleum products and fuel due to the increasing population around the globe drives the market of refinery catalysts. Also, the demand for cleaner petroleum products has been increasing due to the environmental harm caused by polluted fuel .For instance, According to the US Environmental Protection Agency (EPA), a vehicle emits about 4.6 metric tons of CO2 per year. The average gasoline vehicle on the road today has a fuel economy of about 22 miles per gallon and drives around 11,500 miles per year. Every gallon of gasoline burned creates about 8.9 kg of CO2. This led to the introduction of new environmental regulations to reduce air pollution by decreasing the sulfur content in gas and ultra-low sulfur content in diesel (ULSD). These regulations have raised the demand for refinery catalysts. However, rapidly depleting crude oil reserves impedes the global catalysts in petroleum refining market over the forecast period of 2020-2027. Also, Opportunity is the rising demand for petroleum products, and it will lead to the adoption & demand for Refinery Catalyst.

The regional analysis of global Refinery Catalyst market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the growing concern for environmental protection which will lead to the rise in clean petroleum products and consequently refinery catalysts. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising population and rising demand for petroleum products would create lucrative growth prospects for the Refinery Catalyst market across Asia-Pacific region.

Major market player included in this report are:
Albemarle Corporation
W R Grace
Haldor Topsoe
Honeywell UOP
Clariant
Axens
Johnson Matthey
China Petroleum and Chemical Corporation
Shell Catalyst & Technologies
Arkema

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By type:
Fluid catalytic cracking (FCC) Catalysts
Hydrotreating Catalysts
Hydrocracking Catalysts
Catalytic Reforming Catalysts
By ingredient:
Zeolites
Metals
Chemical Compounds
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027

Target Audience of the Global Refinery Catalyst Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors