China Refinery Catalyst Market Size & Outlook, 2022-2030
China refinery catalyst market, 2018-2030 (US$M)
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China refinery catalyst market highlights
- The China refinery catalyst market generated a revenue of USD 964.6 million in 2022 and is expected to reach USD 1,482.8 million by 2030.
- The China 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.
Refinery catalyst market data book summary
| Market revenue in 2022 | USD 964.6 million |
| Market revenue in 2030 | USD 1,482.8 million |
| Growth rate | 5.5% (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, China accounted for 14.3% 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 Asia Pacific, China refinery catalyst market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 239.7 million by 2030.
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Refinery Catalyst Market Scope
Refinery Catalyst Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 32.96% in 2022. Horizon Databook has segmented the China refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
The country is one of the major oil refiners around the world has the largest oil refining capacities in Asia-Pacific and second largest oil refining capacity in the world just behind the US, which had a capacity of 18.76 million bpd.
The refining sector is dominated by two key players namely China Petroleum & Chemical Corporation (Sinopec) and PetroChina, a subsidiary of China National Petroleum Corporation (CNPC) constituting major market share. Furthermore, the country is witnessing addition of various small-scale refineries.
Private players such Rongsheng Petro Chemical and Hengli Petrochemical established new refineries in the country. Hengli Petrochemical started in 2019 and began full-spec production of olefins and aromatics. In addition, these new privately owned refineries are larger in size and are extensively integrated with petrochemical plants. Such activities have resulted in oversupply of refined oil products in the country.
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Our clientele includes a mix of refinery catalyst market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China refinery catalyst market , including forecasts for subscribers. This country databook contains high-level insights into China refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China refinery catalyst market size, by material, 2018-2030 (US$M)
China Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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