Asia Pacific Refinery Catalyst Market Size & Outlook
Asia Pacific refinery catalyst market, 2018-2030 (US$M)
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Asia Pacific refinery catalyst market highlights
- The Asia Pacific refinery catalyst market generated a revenue of USD 2,049.2 million in 2022.
- The market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, zeolite was the largest revenue generating material in 2022.
- Chemical Compounds is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,049.2 million |
| Market revenue in 2030 | USD 3,135.9 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Zeolite |
| Fastest growing segment | Chemical Compounds |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Zeolite, Metallic, Chemical Compounds |
| Key market players worldwide | Albemarle Corp, Basf SE, Johnson Matthey PLC, Standard Industries, Clariant AG, Arkema SA, Zeolyst International, Chevron Corp, Exxon Mobil Corp, Evonik Industries AG, DuPont de Nemours Inc, Haldor Topsoe Holding A/S |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.3% of the global refinery catalyst market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,357.7 million by 2030.
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Refinery Catalyst Market Scope
Refinery Catalyst Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific refinery catalyst market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to refinery catalyst market will help companies and investors design strategic landscapes.
Zeolite was the largest segment with a revenue share of 32.91% in 2022. Horizon Databook has segmented the Asia Pacific refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia-Pacific region has been a significant contributor to the world’s oil refining capacity. China and India were reported as the second and fifth largest countries, respectively, in global capacity refining market in 2019. Increasing number of private sector companies has played a crucial role in promoting refining industry in aforementioned countries especially in India.
Reliance operated Jamnagar refinery complex in Gujarat had a capacity of 1.24 million barrels per day in 2019, which was the largest refinery in the world. Government of India has passed Petroleum Chemicals Petrochemicals Investment Region (PCPIR) policy intended for promoting FDI investments in oil & gas sector.
This regulatory move is expected to result in increasing production of petrochemicals and polymers in India, thus fueling the demand for catalyst over the forecast period.to result in increasing production of petrochemicals and polymers in India, thus fueling the demand for catalyst over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific refinery catalyst market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific refinery catalyst market size, by country, 2018-2030 (US$M)
Asia Pacific Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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