Global Hydrocracking Catalyst Market Growth 2024-2030
Product Code:855107
Published Date: Oct 17,2024
Pages: 102
Region: Global
Category: Chemical & Material
PDF DOWNLOAD
GET FREE SAMPLE
CUSTOMIZE REQUEST
PDF DOWNLOAD
GET FREE SAMPLE
CUSTOMIZE REQUEST
Provide comprehensive and accurate analysis and reports according to your exact requirements
The hydrocracking catalyst market is pivotal in the petroleum refining industry, serving a crucial role in the production of high-quality fuels and petrochemical feedstocks. Hydrocracking is a catalytic refining process that breaks down heavy crude oil fractions into lighter, more valuable products like gasoline, diesel, and jet fuel. Hydrocracking catalysts facilitate this process by promoting the selective cracking of large hydrocarbon molecules under high temperature and pressure conditions, while also controlling the distribution of product yields to meet specific refinery output requirements.
The global Hydrocracking Catalyst market size is projected to grow from US$ 388 million in 2024 to US$ 491 million in 2030; it is expected to grow at a CAGR of 4.0% from 2024 to 2030.
LP Information, Inc. (LPI) ' newest research report, the “Hydrocracking Catalyst Industry Forecast” looks at past sales and reviews total world Hydrocracking Catalyst sales in 2023, providing a comprehensive analysis by region and market sector of projected Hydrocracking Catalyst sales for 2024 through 2030. With Hydrocracking Catalyst sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrocracking Catalyst industry.
This Insight Report provides a comprehensive analysis of the global Hydrocracking Catalyst landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydrocracking Catalyst portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydrocracking Catalyst market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrocracking Catalyst and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydrocracking Catalyst.
Hydrocracking is an exothermic catalytic refining process, where heavy hydrocarbons, such as FT wax, VGO, and heavy gas oil, are converted to lighter products such as naphtha, kerosene, and diesel. During this process, olefins and oxygenates can also be converted to paraffins. Catalysts play a vital role in this process by facilitating the breakdown of large hydrocarbon molecules into smaller, more valuable ones. Hydrocracking catalysts are typically composed of a combination of metals (e.g., Nickel-molybdenum [NiMo], cobalt-molybdenum [CoMo]) and various support materials (e.g. zeolites and amorphous silica-alumina). The ratio between the acidic support and active metals is an essential parameter that can be adjusted to reach the optimum catalytic performance.
The hydrocracking catalyst market experienced a decline of 2% in 2020 amid the pandemic, owing to the decline in refinery product demand, and the slowdown of hydrocracking activity. The market experienced recovery in 2021, followed by healthy growth in 2022.
Rising global energy consumption, increasing demand for clean fuels, increasing refinery activity, integration of hydrocracking units with another refinery process, and advantages of hydrocracking catalysts, such as the ability to convert heavy feedstocks into high-quality, environmentally compliant fuels, and flexibility to adapt changing market conditions are key factors that give an impetus to the demand for hydrocracking catalyst.
Based on the catalyst type, the hydrocracking catalyst market is segmented into zeolite and amorphous. Zeolite is expected to remain the larger and faster-growing catalyst in the market during the forecast period. Among zeolites, Y-zeolite is the most commercially available catalyst in the market. It offers many advantages, such as shape-selective properties, a large internal surface area, and the ability to be modified to adjust its acidity, thermal stability, uniform pore size distribution, and regenerability. These advantages enhance the efficiency and performance of hydrocracking processes while contributing to the production of valuable, environmentally compliant fuels.
In terms of regions, Asia-Pacific is expected to remain the largest as well as the fastest-growing market for hydrocracking catalysts during the forecast period owing to rapid economic growth, growing energy demand, stricter environmental regulations, and increasing investment in refining expansion projects. The region includes emerging economies where industrialization and urbanization are occurring at a rapid pace. These markets offer significant growth opportunities for the refining industry stakeholders including hydrocracking catalyst suppliers.
The market is moderately concentrated with the presence of some key regional and global players. The development of new materials and technologies to improve catalyst performance, increase efficiency, and reduce environmental impacts; and execution of mergers & acquisitions are key strategies adopted by major players to gain a competitive edge in the market. The following are the key players in the hydrocracking catalyst market: Shell Catalysts & Technologies, ExxonMobil, Advanced Refining Technologies (ART), Honeywell UOP, Topsoe, Sinopec, Johnson Matthey, Axens, CNPC, Elessent Clean Technologies, EuroAdsorbent, etc.
The hydrocracking catalyst market is poised for steady growth, supported by ongoing investments in refinery expansions, technological advancements, and regulatory mandates for cleaner fuels. Catalyst manufacturers are expected to continue innovating to meet evolving industry needs, including sustainability requirements and the integration of renewable feedstocks. As the global energy landscape evolves, hydrocracking catalysts will remain essential in enabling refineries to produce cleaner, high-quality fuels essential for transportation and industrial sectors.
This report presents a comprehensive overview, market shares, and growth opportunities of Hydrocracking Catalyst market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Zeolite Catalysts
Amorphous Catalysts
Segmentation by Application:
Gasoline
Jet Fuel
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Shell Catalysts & Technologies
ExxonMobil
Advanced Refining Technologies (ART)
Honeywell UOP
Topsoe
Sinopec
Johnson Matthey
Axens
CNPC
Elessent Clean Technologies
Key Questions Addressed in this Report
What is the 10-year outlook for the global Hydrocracking Catalyst market?
What factors are driving Hydrocracking Catalyst market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hydrocracking Catalyst market opportunities vary by end market size?
How does Hydrocracking Catalyst break out by Type, by Application?