Catalyst Regeneration Market by Type and Geography - Forecast and Analysis 2021-2025

The catalyst regeneration market share is expected to increase by USD 1.23 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.38%.

This catalyst regeneration market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers catalyst regeneration market segmentation by type (off-site and on-site) and geography (APAC, Europe, North America, MEA, and South America). The catalyst regeneration market report also offers information on several market vendors, including Albemarle Corp., AMETEK Inc., BASF SE, Eurecat Group, Haldor Topsoe AS, Johnson Matthey Plc, Nippon Ketjen Co. Ltd., Porocel, STEAG GmbH, and Yokogawa Electric Corp. among others.

What will the Catalyst Regeneration Market Size be During the Forecast Period?

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Catalyst Regeneration Market: Key Drivers, Trends, and Challenges

The adoption of process optimization by refineries to reduce cost is notably driving the catalyst regeneration market growth, although factors such as the growing prominence of catalyst rejuvenation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the catalyst regeneration industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge. 

Key Catalyst Regeneration Market Driver

Adoption of process optimization by refineries to reduce cost is one of the major drivers impacting the catalyst regeneration market growth. The shift in supply and demand dynamics is a major reason for the volatility in the industry. The variability in the quality of crude oil requires a customized process to produce a quality end-product. Catalyst poisoning, catalyst fouling, and system corrosion are the major issues that lead to system failure and unexpected shutdowns. Advances in catalyst activity detection technology can enable the alleviation of such challenging situations. The industry uses several types of catalysts, the major ones being hydroprocessing catalysts, reforming catalysts, and fluid catalytic cracking catalysts. The increasing number of refineries due to the rising demand for energy and reduced catalyst cycle time due to increased complexity in the operations to meet fuel specifications has increased the generation of catalyst hazardous waste. The regeneration of catalysts and reuse of spent catalysts are extensively used methods to reduce the generation of spent catalyst waste.

Key Catalyst Regeneration Market Trend

The increasing practice of catalyst shifting is one of the major trends influencing catalyst regeneration market growth. Catalyst shifting is a growing trend in multi-reactor processing units to comply with the low sulfur requirements. It is often practiced in multi-reactor systems to increase operational quality. In this process, regenerated catalysts are shifted upstream, such as the main vessel reactor to the guard reactor. Catalyst shifting is mainly practiced when metal poisoning becomes a big challenge, even at a low concentration level. It helps in shifting the regenerated catalysts upstream in the front row without losing the fresh catalysts due to metal poisoning. During this process, regenerated catalysts are used, thereby providing a longer operational life to the fresh catalysts by protecting them from metallic contamination. Metal poisoning is a serious concern, and it requires specific monitoring during and after regeneration. It is mainly practiced in multi-refinery operations to reduce downtime and increase productivity; this allows the use of both fresh and regenerated catalysts in combination.

Key Catalyst Regeneration Market Challenge

The growing prominence of catalyst rejuvenation is one of the major challenges impeding the catalyst regeneration market growth. The choice of service mainly depends on the catalyst type, application, and desired activity. Catalyst rejuvenation is mainly used for the spent catalysts that contain highly active content. It permits industries to reactivate highly active catalysts. It can restore more than 90% of the catalyst activity, whereas conventional regeneration can only result in the recovery of mediocre activity. Catalyst rejuvenation has wide application areas ranging from heavy crude oil and natural gas to naphtha and chemical industries and helps in reducing the downtime of reactors and the temperature of reactors; this also lowers the impact on the environment. The economic nature of catalyst rejuvenation makes it preferred in its end-user industries. In addition, it offers extended catalyst operational cycle lengths, which results in increased productivity. Excellent performance and cost-effective attributes of catalyst rejuvenation are enhancing its eminence, which may impede the growth of the global catalyst regeneration market.

This catalyst regeneration market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global catalyst regeneration market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the catalyst regeneration market during the forecast period.

Who are the Major Catalyst Regeneration Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Albemarle Corp.
• AMETEK Inc.
• BASF SE
• Eurecat Group
• Haldor Topsoe AS
• Johnson Matthey Plc
• Nippon Ketjen Co. Ltd.
• Porocel
• STEAG GmbH
• Yokogawa Electric Corp.

 

This statistical study of the catalyst regeneration market encompasses successful business strategies deployed by the key vendors. The catalyst regeneration market is fragmented and the vendors are deploying growth strategies such as focusing on M&A to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The catalyst regeneration market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Catalyst Regeneration Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the catalyst regeneration market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the diversified chemicals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Catalyst Regeneration Market?

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40% of the catalyst regeneration market growth will originate from APAC during the forecast period. China and India are the key markets for the catalyst regeneration market in APAC.

Factors such as the rise in the degree of penetration of catalysts with the increasing refinery capacity will facilitate the catalyst regeneration market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 slowed down the growth of the regional market in 2020. Governing bodies in several countries, including India, Australia, China, and Japan, imposed lockdowns that halted industrial production and transportation. Therefore, end-user sectors that use catalyst regeneration in the region were adversely affected in 2020. In APAC, the industrial, automotive, manufacturing and production, and transportation sectors were severely affected by the pandemic. Moreover, decreased demand for petroleum products resulted in sluggish revenue growth in the market in 2020. Hence, end-users that use the catalyst regeneration services limited their investments in maintenance and postponed their turnaround activities during 2020. This hindered the growth of the regional market in 2020. However, the regional market is expected to grow during the forecast period owing to ease in lockdowns, resumption of business activities, and initiation of vaccination to control the spread of COVID-19.

What are the Revenue-generating Type Segments in the Catalyst Regeneration Market?

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The catalyst regeneration market share growth by the off-site segment will be significant during the forecast period. The demand for off-site catalyst regeneration has been growing significantly in the oil refinery and petrochemical industries. Off-site regeneration helps in reducing the maintenance cost of the catalyst system and enhances the efficiency of the application. This report provides an accurate prediction of the contribution of all the segments to the growth of the catalyst regeneration market size.

This report provides an accurate prediction of the contribution of all the segments to the growth of the catalyst regeneration market size and actionable market insights on post COVID-19 impact on each segment.

 

Catalyst Regeneration Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.38%
Market growth 2021-2025	$ 1.23 billion
Market structure	Fragmented
YoY growth (%)	3.84
Regional analysis	APAC, Europe, North America, MEA, and South America
Performing market contribution	APAC at 40%
Key consumer countries	US, China, Russian Federation, India, Saudi Arabia, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Albemarle Corp., AMETEK Inc., BASF SE, Eurecat Group, Haldor Topsoe AS, Johnson Matthey Plc, Nippon Ketjen Co. Ltd., Porocel, STEAG GmbH, and Yokogawa Electric Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Catalyst Regeneration Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive catalyst regeneration market growth during the next five years
• Precise estimation of the catalyst regeneration market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the catalyst regeneration industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of catalyst regeneration market vendors

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