Brazil Refinery Catalyst Market Size & Outlook, 2022-2030
Brazil refinery catalyst market, 2018-2030 (US$M)
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Brazil refinery catalyst market highlights
- The Brazil refinery catalyst market generated a revenue of USD 162.9 million in 2022 and is expected to reach USD 248.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.4% 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.
Refinery catalyst market data book summary
| Market revenue in 2022 | USD 162.9 million |
| Market revenue in 2030 | USD 248.7 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Zeolite |
| Fastest growing segment | Chemical Compounds |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 2.4% of the global refinery catalyst market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil refinery catalyst market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 248.7 million by 2030.
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Refinery Catalyst Market Scope
Refinery Catalyst Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 32.78% in 2022. Horizon Databook has segmented the Brazil refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil's oil refineries are majorly designed for processing lighter oils and lack technology for process heavier crude, which is proving to be a major hurdle for full utilization of the refining capacity. Moreover, the country's refinery operation dropped from 85% in 2017 to 75% in 2019.
This has resulted in strong imports of diesel and gasoline have in recent years. Also, the country is gradually shifting its focus towards biofuels production as an alternative to traditional fuels. According to USDA, The country's biodiesel production accounted for 5800 million liters an eight percent increase relative to 2018. the factors mentioned above are expected to hamper the refinery catalyst market demand over the period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil refinery catalyst market , including forecasts for subscribers. This country databook contains high-level insights into Brazil refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil refinery catalyst market size, by material, 2018-2030 (US$M)
Brazil Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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