PUBLISHER: IMARC | PRODUCT CODE: 1801039
PUBLISHER: IMARC | PRODUCT CODE: 1801039
The global refinery catalysts market size reached USD 5.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 7.0 Billion by 2033, exhibiting a growth rate (CAGR) of 2.99% during 2025-2033.
Refinery catalysts refer to various chemical substances that are used for converting petroleum refinery naphtha into high-octane liquid products or reformats. It uses platinum catalysts for treating petroleum, crude oil and gasoline to alter the rate of chemical reactions and enhance the quality of the end product. It is also used for converting low octane hydrocarbons into cyclic naphthalene and other branched alkanes. Some of the commonly used refinery catalysts include fluid catalytic cracking, hydrotreating, hydrocracking, alkylation, reforming, isomerization and enzyme-based catalysts. They aid in countering metal contamination and heat balance effect in tight oil processing.
Significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the rising demand for cleaner petroleum derivatives is contributing to the market growth. In line with this, the increasing adoption of zeolites as an effective refinery catalyst is also driving the market further. They are commonly used in fluid catalytic cracking (FCC) processes, owing to their advantageous properties, such as micro-porosity and adjustable acidity and aid in converting feeds, such as cracked and de-asphalted gas oils and vacuum resins, to high-value products. Additionally, widespread product adoption by the aerospace industry is acting as another growth-inducing factor. Refinery catalysts are used for processing jet fuels, kerosene, hydro wax and ultra-low sulfur diesel (ULSD) as a petroleum derivative. Other factors, including the increasing demand for petroleum products for industrial power generation, along with the implementation of favorable government policies promoting the usage of these catalysts for reducing toxic pollutants and smog-formation in the air.
The report has also analysed the competitive landscape of the market with some of the key players being Albemarle Corporation, Axens, BASF SE, Chevron Corporation, Clariant AG, DuPont, Evonik Industries AG (RAG-Stiftung), Exxon Mobil Corporation, Haldor Topsoe A/S, Honeywell International Inc, JGC C & C, Johnson Matthey and Royal Dutch Shell Plc.