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North America Refining Catalysts Market Size, Growth | 2031
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North America Refining Catalysts Market Size, Growth | 2031

Segments - North America Refining Catalysts Market by Ingredients (Zeolites, Metals, and Chemical Compounds), Types (Fluid Catalytic Cracking Catalysts, Reforming Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, Isomerization Catalysts, and Alkylation Catalysts), and Geography (The US, Canada, Mexico, and Rest of North America) - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/Riddhesh
Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-1846 | 4.8 Rating | 74 Reviews | 190 Pages | Format : PDF Excel PPT

Report Description


The North America Refining Catalysts Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 3.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the adoption of improved process designs, unique equipment, and high performance of refinery catalysts.

A refining catalyst is a chemical that is used to transform naphtha into reformats, which are high-octane liquid products. It also produces cyclic naphthalene and other branched alkanes from low-octane hydrocarbons. The aromatic hydrocarbons are then dehydrogenated to generate high-octane aromatic hydrocarbons. Companies can create high-valued components that are utilised in petrochemicals, diesel, and gasoline by utilising a refining catalyst.

North America Refining Catalysts Market Outlook

Refinery catalysts are primarily employed in petroleum refineries to change the pace of chemical reactions and improve the quality of gasoline products generated by processes such as fluid catalytic cracking catalysts (FCC) and hydro-processing. Using a refining catalyst, the companies may produce high-value components used in petrochemicals, diesel, and gasoline.

  • Rising demand for petroleum derivative products and chemicals is anticipated to propel the market growth during the forecast period.

  • Increasing demand for fuel with a high-octane number is anticipated to push the growth of the North America refining catalysts market.

  • Growing focus of government regulations on the use of ultra-low sulfur diesel (ULSD) is expected to drive the market growth.

  • High volatility in precious metal prices is anticipated to hinder the market growth during the forecast period.

  • Technological advancements in designing catalysts that can handle all kinds of feedstock is estimated to create opportunities for the market expansion.

Scope of the Report

The report on the North America 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

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

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

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

Geographical Scope

The US, Canada, Mexico, and Rest of North America

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.

 

North America Refining Catalysts Market Segment Insights

Zeolites segment to represent a large market share

Based on ingredients, the market is divided into zeolites, metals, and chemical compounds. The zeolites segment is expected to account for a major market share during the forecast period owing to its increasing use in various types of refining units that consumes high amount of zeolites in fluidized catalytic cracking units. Zeolites are hydrated aluminosilicate minerals that are part of the microporous solid category. The porosity and high surface area of the ingredient makes it a prominent adsorbent and catalyst. Potassium (K+), sodium (Na+), calcium (Ca2+), and magnesium (Mg2+) are all accommodated by the porous structure of zeolites.

Fluid catalytic cracking catalysts segment to expand at a substantial CAGR

In terms of types, the market is segmented into fluid catalytic cracking catalysts, reforming catalysts, hydrotreating catalysts, hydrocracking catalysts, isomerization catalysts, and alkylation catalysts. The fluid catalytic cracking catalysts segment is estimated to register at a high CAGR during the forecast period. The fluid catalytic cracking process plays a crucial role in refineries while producing lighter products from crude oil. The fluid catalytic cracking catalyst unit aids in the conversion of a wide range of feedstocks, including cracked gas oil, gas oil, deasphalted gas oils, vacuum/atmospheric resins, and others, into lighter and higher-value products, such as diesel oil, jet fuel, LPG, kerosene, and gasoline.

North America Refining Catalysts Market Types

The US to dominate the market

On the basis of regions, the market is categorized as United States, Canada, Mexico, and Rest of North America. The US is anticipated to dominate the market during the forecast period. The country’s market growth is attributed to the production of gasoline, which includes thermal cracking (coking), catalytic hydrocracking, and hydro-treating. The Government of the US is pursuing a political gain strategy by deregulating oil and gas production in order to further leverage the country’s exports.

Segments

The North America refining catalystsmarket has been segmented on the basis of

Ingredients

  • Zeolites
  • Metals
  • Chemical Compounds

Types

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

Geography

  • United States
  • Canada
  • Mexico
  • Rest of North America

Key Players

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

Competitive Landscape

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

North America Refining Catalysts Market Key Players

Table Of Content

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. Fluid Catalytic Cracking Catalysts
     5.3.2. Reforming Catalysts
     5.3.3. Hydrotreating Catalysts
     5.3.4. Hydrocracking Catalysts
     5.3.5. Isomerization Catalysts
     5.3.6. 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. Fluid Catalytic Cracking Catalysts
     7.4.2. Reforming Catalysts
     7.4.3. Hydrotreating Catalysts
     7.4.4. Hydrocracking Catalysts
     7.4.5. Isomerization Catalysts
     7.4.6. 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. Fluid Catalytic Cracking Catalysts
     8.4.2. Reforming Catalysts
     8.4.3. Hydrotreating Catalysts
     8.4.4. Hydrocracking Catalysts
     8.4.5. Isomerization Catalysts
     8.4.6. 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. Fluid Catalytic Cracking Catalysts
     9.4.2. Reforming Catalysts
     9.4.3. Hydrotreating Catalysts
     9.4.4. Hydrocracking Catalysts
     9.4.5. Isomerization Catalysts
     9.4.6. 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. Fluid Catalytic Cracking Catalysts
     10.4.2. Reforming Catalysts
     10.4.3. Hydrotreating Catalysts
     10.4.4. Hydrocracking Catalysts
     10.4.5. Isomerization Catalysts
     10.4.6. 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. Fluid Catalytic Cracking Catalysts
     11.4.2. Reforming Catalysts
     11.4.3. Hydrotreating Catalysts
     11.4.4. Hydrocracking Catalysts
     11.4.5. Isomerization Catalysts
     11.4.6. 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. BASF SE
     12.4.2. Albemarle Corporation
     12.4.3. Haldor Topsoe A/S
     12.4.4. W. R. Grace & Co.-Conn.

Methodology

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