India Refinery Catalyst Market Size & Outlook, 2022-2030
India refinery catalyst market, 2018-2030 (US$M)
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India refinery catalyst market highlights
- The India refinery catalyst market generated a revenue of USD 144.3 million in 2022 and is expected to reach USD 239.7 million by 2030.
- The India market is expected to grow at a CAGR of 6.6% 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 144.3 million |
| Market revenue in 2030 | USD 239.7 million |
| Growth rate | 6.6% (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, India accounted for 2.1% 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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India 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 32.71% in 2022. Horizon Databook has segmented the India refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
India holds the second position in the countries with the largest oil refining capacity in the Asia-Pacific region. Most of the oil refineries operated in the country are owned by private players and constitute for 5.36 per cent of the total refining capacity. Also India has the fourth-largest oil refining capacity after the US, China and Russia.
The Jamnagar Refinery, owned and operated by Reliance Industries is world’s largest oil refinery in terms of capacity, has a crude processing capacity of 1.24 million barrels per day. Other major oil refineries in India are the Nayara Energy Refinery in Gujarat, the Kochi Refinery in Kerala, the Guwahati Refinery in Assam, the Panipat Refinery in Haryana, and the Visakh Refinery in Andhra Pradesh.
The crude oil refining industry in the county is flourishing with increased government initiatives such as Open Acreage Licensing Policy (OALP) and Coal Bed Methane (CBM) policy. It has allowed 100 per cent foreign direct investment (FDI) in E&P projects/companies and 49 per cent in refining under the automatic route.
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Our clientele includes a mix of refinery catalyst market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India refinery catalyst market , including forecasts for subscribers. This country databook contains high-level insights into India refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India refinery catalyst market size, by material, 2018-2030 (US$M)
India Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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