Segments - Middle East and Africa Refining Catalysts Market by Ingredient (Zeolites, Metals, and Chemical Compounds), Type (Fluid Catalytic Cracking Catalysts, Reforming Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, Isomerization Catalysts, and Alkylation Catalysts), and Geography (Saudi Arabia, Kuwait, Qatar, Nigeria, United Arab Emirates, and Rest of Middle-East and Africa) -Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Middle-East and Africa refining catalysts market size is estimated to register a substantial CAGR of over 3% during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for higher octane fuels and increasing investments in refineries.
A refining catalyst refers to the substance that is used to transform petroleum refinery naphtha’s into a high-octane liquid product, known as reformats. Besides, it also converts low octane hydrocarbons into cyclic naphthalene and other branched alkanes. With the help of refining catalyst, the companies can produce high valued elements that are used in, diesel, petrochemicals and gasoline. Refinery catalysts see predominant usage in petroleum refineries, where they are used to enhance the quality of gasoline products and alter the rate of chemical reactions
Refinery catalysts also increase the operational efficiency of valuable hydrocarbons. Furthermore, they also minimize the adverse effects of products such as gasoline and diesel on the environment by assisting in the removal of sulfur from crude oil. In petroleum refineries, they are used in hydrotreating, hydrocracking, fluid catalytic cracking, and alkylation processes. Refinery catalysts are provided across petroleum refineries to help refiners meet fuel standards, manage operational efficiency, enhance yield and conversion, without affecting the environment. The refinery catalysts are widely used to counter issues such as metal contamination and heat balance effect in tight oil processing.
The Covid-19 pandemic had an adverse impact on the refining catalysts market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
The report on Middle-East and Africa 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 |
Middle-East and Africa Refining Catalysts Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Ingredient (Zeolites, Metals, and Chemical Compounds), Type (Fluid Catalytic Cracking Catalysts, Reforming Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, Isomerization Catalysts, and Alkylation Catalysts) |
Geography |
Saudi Arabia, Kuwait, Qatar, Nigeria, United Arab Emirates, and Rest of Middle-East and Africa. |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
BASF SE, Albemarle Corporation, Haldor Topsoe A/S, and W.R. Grace & Co.-Conn. |
Based on ingredient, the Middle-East and Africa refining catalysts market is segregated into zeolites, metals, and chemical compounds. The zeolites segment is expected to account for a key share of the market during the forecast period owing to its application in almost all types of refining units with major consumption in fluidized catalytic cracking units.
Based on type, the Middle-East and Africa refining catalysts market is divided into fluid catalytic cracking catalysts, reforming Catalysts, hydrotreating catalysts, hydrocracking catalysts, isomerization catalysts, and alkylation catalysts. The fluid catalytic cracking catalysts segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to its applications such as producing lighter products from crude oil, converting a variety of feed types, such as gas oil, cracked gas oil, deasphalted gas oils, vacuum/atmospheric resins, and others, into lighter and high-value products, such as LPG, diesel oil, jet fuel, kerosene, and gasoline
In terms of geography, the market is broadly classified into Saudi Arabia, Kuwait, Qatar, Nigeria, United Arab Emirates, and Rest of Middle-East and Africa. The market in Saudi Arabia is anticipated to expand at a robust CAGR during the forecast period. Growing transportation, electricity generation along with domestic demand resulting from rising population, industrial production, and increasing income in this region is expected to drive the market growth in near future. Furthermore, various government policies in oil refinery sector along with company acquisitions have positive impact on the market.
The Middle-East and Africa refining catalysts market has been segmented on the basis of:
Key players competing in the Middle-East and Africa refining catalysts market include BASF SE, Albemarle Corporation, Haldor Topsoe A/S, and W.R. Grace & Co.-Conn.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.