Refinery Catalyst Market Global Industry Insights, Trends and Outlook and Global Opportunity, 2022-2028

 

Refinery Catalyst Market
Refinery Catalyst Market

The market for catalysts used in refineries is divided into FCC (fluid catalytic cracking), hydroprocessing (including hydrotreating and hydrocracking), reforming and isomerization, alkylation, and other categories like desulfurization. The hydroprocessing market, which is dominated by hydrotreating catalysts, will expand at a CAGR of nearly 5% between 2019 and 2025. Hydrotreating cleans distilled crude oil fractions and intermediate process streams of contaminants like sulphur, nitrogen, olefins, aromatics, and others. With roughly 70% of the global market for refinery catalysts, the FCC segment will dominate the market in 2018. FCC is a chemical process that transforms heavier hydrocarbons with higher molecular weights into lighter hydrocarbons by combining heat and a catalyst, primarily zeolite.

Metals, zeolite, chemical compounds, and other specialty materials like enzymes and organometals are among the various materials used in refinery catalyst. Zeolite-based products, which are the most widely used product in FCC units worldwide, registered a revenue of over USD 1.5 billion in the refinery catalyst market in 2018. Since type Y zeolites are significantly more reactive than other conventional products, they are typically used as refinery catalysts.

A very small portion of the overall Refinery Catalyst Market, chemical compounds account for more than USD 25 million in market value for refinery catalysts. These chemicals are suitable options for petroleum refining because of their low cost, particularly for alkylation processes.

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