Global Refinery Catalyst Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Refinery Unit Type, By Catalyst Type, By Geography, Leading Companies)
Published Date: Jun 2023 |
Format:
| No. of Pages: 219
Industry: Energy & Natural Resources | Author Name: Hrishikesh
The global refinery catalyst market is anticipated to reach US$15 Bn by 2030.
The global top five players in the refinery catalyst include Sinopec Corporation, Royal Dutch Shell, Exxon Mobil, Chevron, and BASF.
In 2022, Asia Pacific constituted 33% of the global refinery catalyst market by value and is expected to maintain dominance, registering a CAGR of 4.8% from 2023-2030.
In terms of refinery unit type, the fluid catalytic cracking (FCC) segment dominated in 2022 with more than 40% market value share. Whereas, in terms of catalyst, the nickel segment constituted more than 25% share of the market in 2022.
The COVID-19 pandemic has hurt the refining industry to a great extent. In 2020, the industry saw the loss of around 6 million barrels/day, which impacted the overall sales volume.