Japan Refinery Catalyst Market Size & Outlook, 2022-2030
Japan refinery catalyst market, 2018-2030 (US$M)
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Japan refinery catalyst market highlights
- The Japan refinery catalyst market generated a revenue of USD 233.6 million in 2022 and is expected to reach USD 341.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.9% 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 233.6 million |
| Market revenue in 2030 | USD 341.9 million |
| Growth rate | 4.9% (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, Japan accounted for 3.5% 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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Japan 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 32.75% in 2022. Horizon Databook has segmented the Japan refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
Japan’s oil refining sector is well developed and technologically advanced consisting of with presence of well-established players. The country has 22 refineries with total refining capacity of 3.51 million barrels per day. Key players in the industry include JXTG Nippon Oil & Energy Corporation, FUJI OIL and COSMO ENERGY GROUP among others.
However, higher production costs and a continuing decline in domestic demand of oil products demand have resulted in amalgamation of the Japan’s refining sector. This initiative has impelled many local producers to consolidate with other companies to increase efficiency and save on costs.
For instance,Idemitsu Kosan entered in to alliance with Showa Shell Sekiyu a subsidiary of Royal Dutch Shell group, in a deal worth approximately USD 5600 million. This would lead to 30% of Japan’s domestic gasoline sales after JXTG Holdings, which controls about half the market. In addition, the government is encouraging domestic refineries use technologies that would produce cleaner fuel.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan refinery catalyst market , including forecasts for subscribers. This country databook contains high-level insights into Japan refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan refinery catalyst market size, by material, 2018-2030 (US$M)
Japan Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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