Europe Refining Catalysts Market

Europe Refining Catalysts Market by Ingredient (Metals, Zeolites, and Chemical Compounds), Types (Reforming Catalysts, Fluid Catalytic Cracking Catalysts, Isomerization Catalysts, Hydrocracking Catalysts, and Alkylation Catalysts), and Region - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3176
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 200
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The Europe refining catalysts market size is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to The number of automobiles on the road is increasing, which means more toxins are being emitted into the environment.

Europe Refining Catalysts Market summary

Because of the ever-increasing stringency of environmental rules governing refinery emissions, refiners must carry out their refining procedures with as little environmental toxins as possible. Refining catalysts are one of the most effective ways to enforce the refining process's ever-increasing environmental requirements.

The phrase refining catalyst has two meanings that are intertwined. A refining catalyst is any dual-functioning chemical substance used in refineries to help in the refining of crude materials while also controlling the pace of the chemical reaction. Refining catalyst is the process of converting hazardous catalysts into non-harmful chemicals. On the one hand, a refining catalyst is a catalytic refining substance used in refineries to refine crude materials. The method of purifying polluted or used catalysts is also included.

In the petroleum business, refining catalysts were preferred over thermal processing because refining catalysts create more petroleum products, such as gasoline, and they provide higher quality products than thermal cracking.

Fluid catalytic cracking catalysts, hydro processing catalysts (hydrocracking catalyst (zeolite) and hydrotreating catalyst), and catalytic reforming catalysts are the most common types of catalysts used in the petroleum industry (platinum). These catalysts are solid-state catalysts. The isomerization refining catalyst is another type of catalyst utilized in the refining process.

According to the BP Statistical Review of World Energy 2018, the EU has a refining capacity of over 14 million barrels per day, accounting for roughly 14% of total world capabilities, making it the third biggest refining market after the United States and China.

The EU also need energy from third-world countries. Petroleum goods (including crude oil, which is the major component) were the most commonly imported energy product in 2019, accounting for over two-thirds of all energy imports into the EU, followed by gas (27 %) and solid fossil fuels (six percent) In 2019, the EU's reliance rate was 61 %, implying that net imports provided more than half of the EU's energy requirements.

The International Maritime Organization (IMO) restrictions on bunker fuels, which are set to take effect in 2020, are one of the most significant problems in the existence of the refining business. The Sulphur content limit in marine fuels will be reduced from 3.5 to 0.5 wt% under these regulations.

To comply with the impending IMO regulation, refiners can choose from a number of options to reduce the Sulphur content of their fuel production. Implementation of such solutions is generally the result of a thorough techno-economic analysis, which is tailored to each refinery's unique scenario.

Residues, which are the major raw material used to make residual bunker fuels, can be converted or desulfurized using certain process methods. Resid fluid catalytic cracking (resid FCC), Coking, resid hydrodesulfurization (RDS), and resid hydrocracking are some of the most prevalent process technologies.

Market Trends, Drivers, Restraints, and Opportunities

  • Increased exports from the country implies to rising demand for oil is expected to drive the market expansion in coming years.
  • Rising urbanization and growing number of vehicles are anticipated to surge the market.
  • Growing demand for cleaner petroleum products and surging population are expected to boost the market during the forecast period.
  • Stringent regulation on greenhouse gas and carbon emission is expected to fuel the market during the forecast period.
  • Growing aviation industry and automotive sector is key factors pushing the market growth in the coming years.
  • Rapid concerns regarding the use of cleaner and greener energy are major factors boosting the market in the coming years
  • Growing investments in renewal energy sources such as solar, wind and other are expected to hinder the market.
  • Disturbed oil supply and price hikes are major challenges that can hamper the market growth.
  • Research and development in catalyst to improve its efficiency is creating an lucrative opportunity for the market players.

Scope of the Report

The report on the Europe refining catalysts market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Europe Refining Catalysts Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Ingredients (Metals, Zeolites, and Chemical Compounds), Types (Reforming Catalysts, Fluid Catalytic Cracking Catalysts, Isomerization Catalysts, Hydrocracking Catalysts, and Alkylation Catalysts)

Regional Scope

Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Haldor Topsoe A/S; W. R. Grace & Co.-Conn; BASF SE; Albemarle Corporation;  Haldor Topsoe A/S

Europe Refining Catalysts Market Segment Insights

The zeolites segment is projected to represent a large market share

Based on ingredients, the Europe refining catalysts market is divided into metals, zeolites, and chemical compounds. The zeolites segment is expected to represent a key share of the market during the forecast period owing to in regard to widely used as catalysts in the petrochemical industry as it dehydrates alcohol to generate a mixture of hydrocarbons, which is then converted into gasoline (petrol).

Europe Refining Catalysts Market ingredients

The fluid catalytic cracking catalysts segment is anticipated to expand at a substantial CAGR

On the basis of types, the Europe refining catalysts market is segregated into reforming catalysts, fluid catalytic cracking catalysts, isomerization catalysts, hydrocracking catalysts, and alkylation catalysts. The fluid catalytic cracking catalysts segment is expected to constitute a key share of the market during the forecast period owing to provides for greater product selectivity control. many FCC systems have been developed and marketed that can process vacuum gas oil (VGO) and/or oil wastes for the synthesis of light olefins.

Europe Refining Catalysts Market types

Segments

The Europe refining catalysts market has been segmented on the basis of

Ingredients

  • Metals
  • Zeolites
  • Chemical Compounds

Types

  • Reforming Catalysts
  • Fluid Catalytic Cracking Catalysts
  • Isomerization Catalysts
  • Hydrocracking Catalysts
  • Alkylation Catalysts

Country

  • Europe

Key Players

  • Haldor Topsoe A/S
  • W. R. Grace & Co.-Conn
  • BASF SE
  • Albemarle Corporation
  • Haldor Topsoe A/S

 

Competitive Landscape

Key players competing in the Europe refining catalysts market include Haldor Topsoe A/S; W. R. Grace & Co.-Conn; BASF SE; Albemarle Corporation; Haldor Topsoe A/S.

Some of these players are coming up with several markets strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Europe Refining Catalysts Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Refining Catalysts Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Refining Catalysts Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Refining Catalysts Market - Supply Chain
  4.5. Global Refining Catalysts Market Forecast
     4.5.1. Refining Catalysts Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Refining Catalysts Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Refining Catalysts Market Absolute $ Opportunity
5. Global Refining Catalysts Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Refining Catalysts Market Size and Volume Forecast by Types
     5.3.1. Reforming Catalysts
     5.3.2. Fluid Catalytic Cracking Catalysts
     5.3.3. Isomerization Catalysts
     5.3.4. Hydrocracking Catalysts
     5.3.5. Alkylation Catalysts
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Refining Catalysts Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Refining Catalysts Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Refining Catalysts Demand Share Forecast, 2019-2026
7. North America Refining Catalysts Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Refining Catalysts Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Refining Catalysts Market Size and Volume Forecast by Types
     7.4.1. Reforming Catalysts
     7.4.2. Fluid Catalytic Cracking Catalysts
     7.4.3. Isomerization Catalysts
     7.4.4. Hydrocracking Catalysts
     7.4.5. Alkylation Catalysts
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Refining Catalysts Demand Share Forecast, 2019-2026
8. Latin America Refining Catalysts Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Refining Catalysts Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Refining Catalysts Market Size and Volume Forecast by Types
     8.4.1. Reforming Catalysts
     8.4.2. Fluid Catalytic Cracking Catalysts
     8.4.3. Isomerization Catalysts
     8.4.4. Hydrocracking Catalysts
     8.4.5. Alkylation Catalysts
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Refining Catalysts Demand Share Forecast, 2019-2026
9. Europe Refining Catalysts Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Refining Catalysts Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Refining Catalysts Market Size and Volume Forecast by Types
     9.4.1. Reforming Catalysts
     9.4.2. Fluid Catalytic Cracking Catalysts
     9.4.3. Isomerization Catalysts
     9.4.4. Hydrocracking Catalysts
     9.4.5. Alkylation Catalysts
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Refining Catalysts Demand Share Forecast, 2019-2026
10. Asia Pacific Refining Catalysts Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Refining Catalysts Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Refining Catalysts Market Size and Volume Forecast by Types
     10.4.1. Reforming Catalysts
     10.4.2. Fluid Catalytic Cracking Catalysts
     10.4.3. Isomerization Catalysts
     10.4.4. Hydrocracking Catalysts
     10.4.5. Alkylation Catalysts
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Refining Catalysts Demand Share Forecast, 2019-2026
11. Middle East & Africa Refining Catalysts Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Refining Catalysts Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Refining Catalysts Market Size and Volume Forecast by Types
     11.4.1. Reforming Catalysts
     11.4.2. Fluid Catalytic Cracking Catalysts
     11.4.3. Isomerization Catalysts
     11.4.4. Hydrocracking Catalysts
     11.4.5. Alkylation Catalysts
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Refining Catalysts Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Refining Catalysts Market: Market Share Analysis
  12.2. Refining Catalysts Distributors and Customers
  12.3. Refining Catalysts Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Haldor Topsoe A/S
     12.4.2. W. R. Grace & Co.-Conn
     12.4.3. BASF SE
     12.4.4. Albemarle Corporation
     12.4.5. Haldor Topsoe A/S

The Europe refining catalysts market has been segmented on the basis of

Ingredients

  • Metals
  • Zeolites
  • Chemical Compounds

Types

  • Reforming Catalysts
  • Fluid Catalytic Cracking Catalysts
  • Isomerization Catalysts
  • Hydrocracking Catalysts
  • Alkylation Catalysts

Country

  • Europe

Key Players

  • Haldor Topsoe A/S
  • W. R. Grace & Co.-Conn
  • BASF SE
  • Albemarle Corporation
  • Haldor Topsoe A/S

 

Key players competing in the Europe refining catalysts market include Haldor Topsoe A/S; W. R. Grace & Co.-Conn; BASF SE; Albemarle Corporation; Haldor Topsoe A/S.

Some of these players are coming up with several markets strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Europe Refining Catalysts Market keyplayers

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