Market Size of Europe Refining Catalysts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Refining Catalysts Market Analysis
The Europe refining catalysts market is estimated to witness a significant growth, at an estimated CAGR of over 2.5%, over the forecast period. Accelerating demand for higher octane fuels are expected to drive the market during the forecast period.
- Volatility in precious metal prices are likely to hinder the market's growth.
- By ingredient, the zeolites segment accounted for the largest market share and is expected to grow during the forecast period owing to the fact that it is used in almost all types of refining units with major consumption in fluidized catalytic cracking units.
- Shifting focus toward nanocatalysts is likely to create opportunities to the market growth in the coming years.
Europe Refining Catalysts Industry Segmentation
The Europe refining catalysts market report includes:
| Ingredient | |
| Zeolite | |
| Metal | |
| Chemical Compounds |
| Type | |
| Fluid Catalytic Cracking Catalysts | |
| Reforming Catalysts | |
| Hydrotreating Catalysts | |
| Hydrocracking Catalysts | |
| Isomerization Catalysts | |
| Alkylation Catalysts |
| Geography | |
| Germany | |
| United Kingdom | |
| Italy | |
| France | |
| Spain | |
| Russia | |
| Rest of Europe |
Europe Refining Catalysts Market Size Summary
The Europe refining catalysts market is poised for notable expansion over the forecast period, driven by the increasing demand for higher octane fuels. The market's growth trajectory is supported by the zeolites segment, which holds the largest share due to its extensive application in various refining units, particularly in fluidized catalytic cracking (FCC) units. These units are essential for converting crude oil into lighter, high-value products such as diesel, jet fuel, and gasoline. The introduction of zeolite catalysts in the 1960s marked a significant advancement in catalytic cracking, enhancing the efficiency of the FCC process. Despite the positive outlook, the market faces challenges from the volatility of precious metal prices, which could impede growth. However, the shift towards nanocatalysts presents new opportunities for market development.
The refining catalysts market in Europe is further influenced by the region's economic ties to the oil and gas sector, particularly in countries like Germany, which relies on crude oil imports from Russia. The rising demand for refining catalysts is attributed to technological advancements and the optimization of existing refining complexes. This demand is expected to drive market growth in the coming years. The market is characterized by its consolidated nature, with key players such as BASF SE, Albemarle Corporation, Haldor Topsoe A/S, and W. R. Grace & Co.-Conn. playing significant roles. These companies are instrumental in shaping the competitive landscape and addressing the evolving needs of the refining industry in Europe.
Europe Refining Catalysts Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Accelerating Demand For Higher Octane Fuels
-
1.1.2 Other Drivers
-
-
1.2 Restraints
-
1.2.1 Volatility in Precious Metal Prices
-
1.2.2 Other Restraints
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Ingredient
-
2.1.1 Zeolite
-
2.1.2 Metal
-
2.1.3 Chemical Compounds
-
-
2.2 Type
-
2.2.1 Fluid Catalytic Cracking Catalysts
-
2.2.2 Reforming Catalysts
-
2.2.3 Hydrotreating Catalysts
-
2.2.4 Hydrocracking Catalysts
-
2.2.5 Isomerization Catalysts
-
2.2.6 Alkylation Catalysts
-
-
2.3 Geography
-
2.3.1 Germany
-
2.3.2 United Kingdom
-
2.3.3 Italy
-
2.3.4 France
-
2.3.5 Spain
-
2.3.6 Russia
-
2.3.7 Rest of Europe
-
-
Europe Refining Catalysts Market Size FAQs
What is the current Europe Refining Catalysts Market size?
The Europe Refining Catalysts Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in Europe Refining Catalysts Market?
BASF SE, Albemarle Corporation, Haldor Topsoe A/S and W. R. Grace & Co.-Conn. are the major companies operating in the Europe Refining Catalysts Market.
