Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Refinery Catalyst Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Refinery Catalyst Market?
The size of the Refinery Catalyst market has been gradually increasing. The growth is from $6.15 billion in 2024 to $6.33 billion in 2025 with a compound annual growth rate (CAGR) of 3.0%. The historical growth trend in the Refinery Catalyst market has been positive.
What Is the Forecasted CAGR for the Refinery Catalyst Market by 2029?
The market for refinery catalysts is expected to reach $7.95 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.8%.
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What Are the Market Drivers in the Refinery Catalyst Industry?
The key Drivers in the refinery catalyst market are:
• Rising demand for transportation fuel
• Utilization of refinery catalysts to convert crude oil into commercial products
• Use of refinery catalysts to increase chemical reactions for cleaner end products
• Growth in for-hire and in-house transportation, boosting the need for fuel.
What Is the Segment-Wise Breakdown of the Refinery Catalyst Market?
The refinery catalystmarket covered in this report is segmented –
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
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Which Emerging Trends Are Driving Growth in the Refinery Catalyst Sector?
The key trends in the refinery catalyst market are:
• The focus on product innovations is a significant trend emerging in the refinery catalyst market.
• Key players in the refinery catalyst market are increasingly developing innovative products to consolidate their market position.
• The introduction of technologies like Fluid Catalytic Cracking (FCC) that maximizes butylene from residue feedstocks is trending.
• Advancements in frameworks like multiple framework topology (MFT) technology for superior butylene selectivity while maintaining catalyst activity are also shaping the future of the market.
Which Companies Are Dominating the Refinery Catalyst Market in Terms of Revenue?
The key players in the refinery catalyst market are:
• 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
What Are the Regions Driving Demand in the Refinery Catalyst Market?
Asia-Pacific was the largest region in the refinery catalyst market in 2024
