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Global Refining Catalyst Market 2016-2020

  • Published: Aug 2016
  • Pages: 76
  • SKU: IRTNTR10138
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This industry research report identifies Albemarle, BASF, Honeywell, Shell, and W. R. Grace as the key vendors in the global refining catalyst market. This report also presents a competitive analysis of the market by process (FCC catalysts, alkylation catalysts, hydrotreating catalysts, hydrocracking catalysts, and catalytic reforming), by type (zeolites, metals, and chemical compounds), and by geography (the Americas, APAC, and EMEA).

Overview of the global refining catalyst market

Market research analysts at Technavio have predicted that the global refining catalyst market will grow steadily at a CAGR of more than 3% by 2020. This market research analysis identifies the upgradation of existing low NCI refineries as one of the primary factors for the growth of this market. Several refineries across the globe have low Nelson Complexity Indices (NCI) which is defined as a measurement of the secondary conversion capacity vs. primary distillation capacity of any refinery. NCI indicates the capability of a refinery to produce higher amounts of the desired refined products. Several refineries do not have secondary distillation processes, and their NCI is low which indicates that the refineries can produce refined products only from the primary distillation process. Refiners have started upgrading their low NCI units by adding secondary distillation processes such as cokers and visbreakers. Moreover, the advent of light tight oil and condensates will induce refiners to set up splitters to enable the separation of the light and heavy distillates. These capacity additions are much economical than constructing new refineries and will drive the demand for refining catalysts in the next four years.

APAC will be the major contributor to the market throughout the predicted period and will account for about 41% of the total revenue shares by 2020. This attributes to a number of new capacity additions and expansions or upgradation of existing refineries. The huge domestic demand for refined petroleum products such as gasoline and diesel from countries registering healthy GDP growth rates such as India and China will augment tot growth of the market in this region.

Competitive landscape and key vendors

The market is characterized by the presence of large and medium-sized suppliers and multinational companies. Since all vendors offer products that cater to the needs of the five major refining processes, the market appears to be highly competitive. The multinational catalyst manufacturing companies have sufficient funds to carry out research activities and also introduce new products, which makes it difficult for small vendors to enter the market. Also, well-established catalyst manufacturers have efficient supply chains in all geographical regions and result in gaining a better revenue share than the regional vendors.

The leading vendors in the market are -

  • Albemarle
  • BASF
  • Honeywell
  • Shell
  • W. R. Grace

The other prominent vendors in the market are ExxonMobil, Dow Chemicals, DuPont, Sinopec, and Axens.

Segmentation by process and analysis of the refining catalyst market

  • FCC catalysts
  • Alkylation catalysts
  • Hydrotreating catalysts
  • Hydrocracking catalysts
  • Catalytic reforming

Accounting for about 48% of the total share of the market, the FCC catalysts segment dominated the industry during 2015. FCC or fluidized catalytic cracking is one of the key processes in any refinery and is used in the cracking of crude oil. Catalysts play an important role as they selectively crack a certain portion of the feed and convert it into lighter products. As the FCC process cannot be replaced by any other process, this market segment will exhibit its dominance during the predicted period as well.

Segmentation by type and analysis of the refining catalyst market

  • Zeolites
  • Metals
  • Chemical compounds

This market study estimates that the zeolites segment will account for about 46% shares of the global refining catalyst market by 2020 and will also dominate this market throughout the forecast period. Benefits such as high selectivity, high-temperature resistance, and less cost-consuming are major factors for the growth of the market. Zeolites are mainly used in processes that need to produce high-octane gasoline blending stock and are the preferred catalysts in FCC and hydrocracking.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global refining catalyst market?
  • What are the key market trends impacting the growth of the global refining catalyst market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global refining catalyst market?
  • What are the market opportunities and threats faced by the vendors in the global refining catalyst market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global refining catalyst market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Key assumptions
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Downstream oil and gas industry analysis

PART 07: Market segmentation  by process

  • Refining catalyst market by process 2015
  • Refining catalyst market by process 2020
  • Refining catalyst by process 2015-2020
  • Refining catalyst market by FCC catalysts 2015-2020
  • Refining catalyst market by alkylation catalysts 2015-2020
  • Refining catalyst market by hydrotreating catalysts 2015-2020
  • Refining catalyst market by hydrocracking catalysts 2015-2020
  • Refining catalyst market by catalytic reforming catalysts 2015-2020

PART 08: Market segmentation by type

  • Refining catalyst by type 2015
  • Refining catalyst by type 2020
  • Refining catalyst by type 2015-2020
  • Refining catalysts market by zeolite-based catalysts 2015-2020
  • Refining catalysts market by metal-based catalysts 2015-2020
  • Refining catalysts market by chemical compounds based catalysts 2015-2020

PART 09: Geographical segmentation

  • Refining catalysts market by geography 2015
  • Refining catalysts market by geography 2020
  • Refining catalysts market by geography 2015-2020
  • Refining catalyst market in APAC 2015-2020
  • Refining catalysts market in Americas 2015-2020
  • Refining catalysts market in EMEA 2015-2020

PART 10: Market drivers

  • Higher demand for refined petroleum products boosting the refining catalyst market
  • Increase in refinery construction across Asia and the Middle East propelling the market
  • Upgrading of existing low NCI refineries leading to increased demand for refining catalysts

PART 11: Impact of drivers

PART 12: Market challenges

  • Overcapacity in refineries in developed countries leading to the shutdown of refineries
  • Competition from renewable fuels resulting in fall in market share of refined oil products
  • Unstable regulatory environment impacting the market

PART 13: Impact of drivers and challenges

PART 14: Market trends

  • Low crude oil price has a mixed impact on refining industry and refining catalyst market
  • Stricter regulations related to fuel specifications providing a boost to secondary processing units and refining catalysts
  • NOCs keen to set up high NCI refineries in demand growth centers, resulting in increased demand for refining catalysts

PART 15: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 16: Key vendor analysis

  • Albemarle
  • BASF
  • Honeywell
  • Shell
  • W. R. Grace

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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