Market Size of Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Petroleum Refining & Chemicals Catalysts Market Analysis
The global catalysts in petroleum refining, chemicals, and polymer synthesis market are expected to grow with a CAGR greater than 4% during the forecast period. One of the major factors driving the market is the increasing refinery market output in Africa, Middle-East, and Asia-Pacific. However, high manufacturing costs are hindering the growth of the market studied.
- Rising demand for maintaining high octane figures is another major driver for the market studied
- Asia-Pacific is expected to account for the highest market share during the forecast period.
- Among the applications, Petroleum Refining is likely to account for the highest market share during the forecast period.
Petroleum Refining & Chemicals Catalysts Industry Segmentation
The Global Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market report includes:
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Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market Size Summary
The petroleum refining and chemicals catalysts market is poised for significant growth, driven by increasing refinery outputs in regions such as Africa, the Middle-East, and Asia-Pacific. The demand for high octane figures is also propelling market expansion. Despite the challenge of high manufacturing costs, the market is expected to see robust growth, with Asia-Pacific anticipated to hold the largest market share. The petroleum refining sector is projected to dominate the market, fueled by the rising consumption of petroleum products and the growing demand for liquid hydrocarbons, particularly in developing countries. The industrial sector, especially the petrochemical industry, is a key contributor to this demand, supported by the expanding consumer class and population growth.
Asia-Pacific is expected to lead the market due to its substantial consumption of petroleum products, with China being a major contributor. The region's dominance is further bolstered by increasing demand for catalysts in India and Southeast Asian countries. The market is moderately fragmented, with key players like BASF SE, Honeywell International Inc, Exxon Mobil Corporation, Dow, and Chevron Phillips Chemical Company holding significant shares. Environmental regulations, while challenging for refineries, present opportunities for catalyst manufacturers to innovate and introduce efficient solutions, such as 'drop-in' catalysts, to meet industry needs.
Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Refinery Market Output in Africa, Middle East, and Asia-Pacific
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1.1.2 Rising Demand for Maintaining High Octane Figures
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1.2 Restraints
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1.2.1 High Manufacturing Costs
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1.2.2 Other Restraints
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Material
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2.1.1 Metals and Organometallic Catalysts
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2.1.1.1 Inexpensive Metals
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2.1.1.2 Precious Metals
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2.1.1.3 Metallic Compounds
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2.1.2 Aluminosilicates
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2.1.2.1 Zeolites
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2.1.2.2 Molecular Sieves
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2.1.3 Chemical Compounds
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2.1.3.1 Peroxides
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2.1.3.2 Acids
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2.1.3.3 Amines
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2.1.3.4 Other Chemical Compounds
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2.1.4 Other Materials
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2.2 Application
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2.2.1 Petroleum Refining
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2.2.1.1 Fluid Catalytic Cracking (FCC)
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2.2.1.2 Hydrocracking
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2.2.1.3 Hydrotreating
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2.2.1.4 Alkylation
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2.2.1.5 Reforming
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2.2.1.6 Isomerization
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2.2.2 Chemical Synthesis
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2.2.2.1 Organic Synthesis
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2.2.2.2 Oxidation
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2.2.2.3 Hydrogenation
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2.2.2.4 Dehydrogenation
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2.2.2.5 Synthesis Gas Processes
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2.2.3 Polymerization
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2.2.3.1 Polyolefins
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2.2.3.2 Condensation Polymers
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2.2.3.3 Thermosetting Polymers
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2.2.3.4 Additional Polymers
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 ASEAN Countries
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market Size FAQs
What is the current Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market size?
The Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market?
BASF SE, Honeywell International Inc, Exxon Mobil Corporation, Dow and Chevron Phillips Chemical Company are the major companies operating in the Catalysts in Petroleum Refining, Chemicals, and Polymer Synthesis Market.
