Refinery Catalyst Global Market Report 2025

Refinery catalysts refer to chemical substances employed in the transformation of petroleum refinery naphtha into high-octane liquid products or in the reformatting process to modify the rate of chemical reactions and enhance the quality of the end product when treating petroleum, crude oil, and gasoline.

The primary types of refinery catalysts include FCC catalysts, hydrotreating catalysts, hydrocracking catalysts, catalytic reforming catalysts, and others. FCC catalysts are substances utilized to expedite the rate of a chemical reaction by reducing the activation energy in the petroleum industry. They play a crucial role in converting high-boiling point, high-molecular weight hydrocarbon fractions of petroleum (crude oils) into clearer petroleum end-products, such as light alkenes, high-octane gasoline, and aromatic middle distillates. These catalysts consist of major ingredients such as zeolites, metals, and chemical compounds, finding applications in diverse sectors such as oil refineries, chemical synthesis, polymer manufacturing, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The escalating U.S. tariffs and rising trade tensions in spring 2025 are expected to significantly affect the chemicals sector, which is facing a disproportionate impact-particularly from tariffs on petrochemicals and intermediates, where affordable domestic alternatives are limited. Specialty chemical producers, who rely heavily on Chinese raw materials, are encountering production disruptions. Meanwhile, fertilizer manufacturers are seeing their profit margins squeezed due to tariffs on phosphate imports. In response, companies are increasing investments in R&D for bio-based alternatives, forming procurement alliances to strengthen purchasing power, and relocating production to tariff-neutral countries like Saudi Arabia.

The refinery catalysts market research report is one of a series of new reports from The Business Research Company that provides refinery catalysts market statistics, including refinery catalysts industry global market size, regional shares, competitors with a refinery catalysts market share, detailed refinery catalysts market segments, market trends and opportunities, and any further data you may need to thrive in the refinery catalysts industry. This refinery catalysts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The refinery catalyst market size has grown steadily in recent years. It will grow from $6.15 billion in 2024 to $6.33 billion in 2025 at a compound annual growth rate (CAGR) of 3.0%. The growth in the historic period can be attributed to petroleum-based products, increasing demand for transportation fuel and rise in oil and gas exports.

The refinery catalyst market size is expected to see strong growth in the next few years. It will grow to $7.95 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to high octane fuel, growing petrochemical industry and increasing demand for energy. Major trends in the forecast period include launch of hydro processing catalyst solutions, focus on increasing their investments to develop new product solutions and to meet the growing market demand for refinery catalysts, focus on developments in advanced fluid catalytic cracking (FCC) catalysts, focus on strategic acquisitions and collaborations to improve their financial strength, strengthen their product portfolio and expand their geographical presence, focus on use of hydro flex technology in refining to produce renewable diesel and focus on catalysts that play a crucial role in reducing emissions and developing cleaner energy sources.

The forecast of 5.8% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US by reducing fuel production efficiency, as refinery catalysts critical for oil processing are largely imported from the Netherlands and China, leading to higher gasoline prices.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The rising demand for transportation fuel is anticipated to drive the growth of the refinery catalysts market in the coming years. Transportation fuels are the energy sources that power motor vehicles equipped with internal combustion engines. Refinery catalysts play a crucial role in petroleum refineries by converting crude oil into commercial products like transportation fuels, engine fuels, and heating fuels. They enhance chemical reactions to eliminate heavy metals and harmful organic compounds, resulting in cleaner end products suitable for use as transportation fuel. For example, in April 2024, the Bureau of Transportation Statistics, a US government agency, reported that for-hire transportation experienced the largest increase from 2021 to 2022, rising from 3.2% to 3.5%. In contrast, household transportation saw a smaller increase of one percentage point during the same period, while in-house transportation contributions remained stable at 1.4% from 2021 to 2022. Thus, the growing demand for transportation fuel is propelling the expansion of the refinery catalysts market.

The burgeoning petrochemical industry is expected to be a significant driver for the refinery catalyst market in the coming years. The petrochemical industry, involved in manufacturing chemicals from crude oil and natural gas, relies on refinery catalysts to produce essential petrochemical feedstocks such as naphtha, propylene, and reformate. As the demand for petrochemical products continues to rise globally, refinery catalysts play a crucial role in meeting this demand by enabling the production of key feedstocks. The International Energy Agency (IEA) predicts that petrochemicals will contribute significantly to the increase in oil consumption through 2030 and nearly half of the growth by 2050. This is due to the surging demand for petrochemical products, highlighting the pivotal role of refinery catalysts in supporting the growing petrochemical industry.

A noteworthy trend in the refinery catalyst market is the emphasis on product innovations by major industry players. Companies are actively engaged in developing new and innovative products to strengthen their market position. For example, BASF SE, a German chemical manufacturing company, introduced Fourtitude in March 2022-a Fluid Catalytic Cracking (FCC) catalyst designed to maximize butylenes from resid feedstocks. Fourtitude employs multiple framework topology (MFT) technologies to deliver superior selectivity to butylenes while maintaining catalyst activity, resulting in increased propylene yields, gasoline octane, and improved coke selectivity.

The launch of hydro processing catalyst solutions is gaining prominence in the refinery catalyst market. These catalysts play a vital role in removing impurities and improving the quality of various petroleum products, including diesel fuel and jet fuel. Hydro processing catalysts facilitate chemical reactions in the presence of hydrogen gas to eliminate sulfur, nitrogen, and other contaminants, as well as saturate unsaturated hydrocarbons. For instance, in July 2023, Advanced Refining Technologies LLC introduced ENDEAVOR-a hydro processing catalyst solution designed to produce renewable diesel and sustainable aviation fuel from 100% renewable sources. The ENDEAVOR catalyst system includes EnRich guard and hydrotreating catalysts, along with Chevron's EnHance isomerization catalysts, specifically developed for processing renewable feeds to produce high-quality renewable fuels.

In September 2024, Ravindra Heraeus Pvt. Ltd., a mining and metals company based in India, acquired the catalyst and recycling site of Arora Matthey for an undisclosed sum. This acquisition is intended to improve its capabilities in catalyst manufacturing and recycling. Through this strategic move, the company seeks to reinforce its position in the metals market and broaden its product offerings. Arora-Matthey Limited is an Indian company that focuses on the manufacturing and supply of high-quality catalytic converters.

Major companies operating in the refinery catalyst market include Exxon Mobil Corporation, Royal Dutch Shell, China Petroleum & Chemical Corporation, BASF SE, Honeywell International,Chevron Corporation, W. R. Grace & Co, Albemarle Corporation, Arkema, Clariant International Ltd., Sinopec Catalyst Company, Tokuyama Corporation, Nippon Ketjen, S-Oil Catalyst, Qingdao Eno Chemicals, Hindustan Platinum, Dorf Ketal, AB Enterprises, Haldor Topsoe, Johnson Matthey, Axens, INEOS, Clal France, Zeochem AG, MOL Group, Evonik Industries AG, Metalor, Umicore, Heranius, NIS a.d. Novi Sad, OMV Group, Grupa LOTOS S.A, Rosneft, Unipetrol Group, Polimer Sp. z o.o, PolyComp s.r.o, RESINEX Czech Republic, Tecomelt s.r.o, CRI Catalyst Company, Unicat Catalyst Technologies, Grace Catalysts Technologies, INNOSPEC Limited, Fortuna Silver Mines Inc, Mottcorp

Asia-Pacific was the largest region in the refinery catalyst market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the refinery catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the refinery catalyst market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The refinery catalyst market consists of sales of renewable catalysts, naphtha catalysts, residue upgrade catalysts and FCC pretreats catalysts. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Refinery Catalyst Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on refinery catalyst market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for refinery catalyst ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The refinery catalyst market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: FCC (Fluid Catalytic Cracking) Catalyst, Hydro Treating Catalyst, Hydro Cracking Catalyst, Catalytic Reforming Catalyst, Other Types
• 2) By Ingredient: Zeolites, Metals, Chemical Compounds
• 3) By Application: Oil Refineries, Chemical Synthesis, Polymer Manufacturing, Other Applications
• Subsegments:
• 1) By FCC (Fluid Catalytic Cracking) Catalyst: Zeolite-Based FCC Catalysts; Rare Earth-Based FCC Catalysts; Ultra-Stable Y (USY) FCC Catalysts
• 2) By Hydro Treating Catalyst: Cobalt-Molybdenum (CoMo) Catalysts; Nickel-Molybdenum (NiMo) Catalysts; Noble Metal-Based Hydro Treating Catalysts
• 3) By Hydro Cracking Catalyst: Amorphous Silica-Alumina Catalysts; Zeolite-Based Hydro Cracking Catalysts; Bimetallic Hydro Cracking Catalysts
• 4) By Catalytic Reforming Catalyst: Platinum-Based Reforming Catalysts; Rhenium-Based Reforming Catalysts; Bimetallic Reforming Catalysts
• 5) By Other Types: Alkylation Catalysts; Isomerization Catalysts; Polymerization Catalysts
• Companies Mentioned: Exxon Mobil Corporation; Royal Dutch Shell; China Petroleum & Chemical Corporation; BASF SE; Honeywell International;Chevron Corporation; W. R. Grace & Co; Albemarle Corporation; Arkema; Clariant International Ltd.; Sinopec Catalyst Company; Tokuyama Corporation; Nippon Ketjen; S-Oil Catalyst; Qingdao Eno Chemicals; Hindustan Platinum; Dorf Ketal; AB Enterprises; Haldor Topsoe; Johnson Matthey; Axens; INEOS; Clal France; Zeochem AG; MOL Group; Evonik Industries AG; Metalor; Umicore; Heranius; NIS a.d. Novi Sad; OMV Group; Grupa LOTOS S.A; Rosneft; Unipetrol Group; Polimer Sp. z o.o; PolyComp s.r.o; RESINEX Czech Republic; Tecomelt s.r.o; CRI Catalyst Company; Unicat Catalyst Technologies; Grace Catalysts Technologies; INNOSPEC Limited; Fortuna Silver Mines Inc; Mottcorp
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.