Refinery Catalyst Market in Europe to witness 20% CAGR from 2019 to 2025

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Europe Refinery Catalyst Market will clutch more than 20% of the revenue share in future due to the presence of petrochemical industry and refineries in many European countries. Middle East & Africa will grow with the CAGR of over 4% in future owing to the extensive production of crude oil & gas.

In U.S., the division of air quality of North Dakota Department of Health (NDDH) has recently permitted Meridian Energy Group Inc., to build a refinery in Billings County in June 2018. While constructing the refinery, the company needs to follow NDDH’s Air Pollution Control Rules. In this regard, Meridian Energy Group is planning to equip the refinery with a hydrocracking unit to increase the flexibility of products and meet lower emission levels. The rapidly increasing awareness among the players in oil & gas industry about the benefits of various types of liquefaction processes is thus slated to fuel refinery catalyst market share.

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Increasing demand for reformulated gasoline has played a significant role in strengthening the refinery catalyst market, with stringent emission control regulations and environmental laws being implemented. Blended on the chemical level to burn more cleanly and efficiently than conventional fuels, reformulated gasoline is attributed with the benefit of reducing toxic pollutants and smog-formation in air.

The refinery catalyst industry is gradually aligning with the increased petroleum production resulting from the resurgence of oil & gas industry, in the process of stabilizing after a tremendous downfall earlier in the decade. With an attempt by major refineries worldwide to comply with fuel standards, achieve operational efficiency and enhance the fuel output with minimum emissions, the refinery catalyst market can soon be expected to achieve escalated consumption rates.

A key incentive towards the growth of the refinery catalyst market is the global population that is multiplying exponentially, impelling the fuel demand for use in transportation & industrial power generation. Reportedly, the transportation sector, comprising of automobile, aviation and marine is responsible for more than 60% of the total fuel utilization. Considering the prediction by the United Nations that indicates reaching a global population of over 9.8 billion by the year 2050, one can only surmise the amount of resources that will be required to support the extensive energy needs of the future.

The global refinery catalyst market is bursting with several corporations and oil services companies that enable the enrichment of crude oil or petroleum, with innovations to better the existing technologies being made. For instance, BASF catalysts declared the commercial launch of an evolved catalytic cracking catalyst, Boroflex, designed to optimize the bottoms upgrading and distillation yield of refineries. Owing to such developments in the field of refining processes and stricter norms to be implemented by government organizations, the refinery catalyst market is estimated to surpass a revenue of USD 5 billion by 2025.

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Glimpse of Table of Content (ToC)

Chapter 3. Refinery Catalyst Industry Insights

3.1. Industry segmentation

3.2. Refinery catalyst market landscape, 2014 – 2025

3.3. Refinery catalyst market ecosystem analysis

3.3.1. Raw material analysis

3.3.2. Manufacturing trends

3.3.3. Profit margin

3.3.4. Value addition

3.3.5. Distribution channel analysis

3.3.6. Vendor matrix

3.3.6.1. List of key raw material suppliers

3.3.6.2. List of key manufacturers/distributors

3.4. Raw material trends

3.5. Innovation & sustainability

3.5.1. Patent analysis

3.5.2. Technology landscape

3.5.3. Production process

3.5.4. Future trends

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Revival of global oil & gas industry

3.6.1.2. Growing demand for petroleum derivatives

3.6.1.3. Tightening legislation to reduce sulfur content

3.6.1.4. Increasing automotive demand in Asia Pacific

3.6.2. Industry pitfalls & challenges

3.6.2.1. Fluctuation in raw material prices and high production cost

3.6.2.2. Increasing alternatives of energy

3.7. Regulatory trends

3.7.1. U.S.

3.7.2. Europe

3.7.3. China

3.8. Growth potential analysis

3.9. Regional price trends

3.9.1. Cost structure analysis

3.9.1.1. R & D cost

3.9.1.2. Manufacturing & equipment cost

3.9.1.3. Raw material cost

3.9.1.4. Distribution cost

3.9.1.5. Operating cost

3.9.1.6. Miscellaneous cost

3.9.2. Price by type

3.9.3. Price by material

3.10. Competitive landscape, 2018

3.10.1. Company market share analysis, 2018

3.10.1.1. Global

3.10.1.2. Regional

3.10.2. Brand analysis

3.10.3. Key stakeholders

3.10.4. Strategic dashboard

3.11. Porter’s analysis

3.11.1. Supplier power

3.11.2. Buyer power

3.11.3. Threat of new entrants

3.11.4. Industry rivalry

3.11.5. Threat of substitutes

3.12. PESTEL analysis

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