Mexico Refinery Catalyst Market Size & Outlook, 2022-2030
Mexico refinery catalyst market, 2018-2030 (US$M)
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Mexico refinery catalyst market highlights
- The Mexico refinery catalyst market generated a revenue of USD 191.0 million in 2022 and is expected to reach USD 273.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.6% 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 191.0 million |
| Market revenue in 2030 | USD 273.5 million |
| Growth rate | 4.6% (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, Mexico accounted for 2.8% 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 North America, U.S. refinery catalyst market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,906.8 million by 2030.
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Refinery Catalyst Market Scope
Refinery Catalyst Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 32.83% in 2022. Horizon Databook has segmented the Mexico refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for refinery catalysts is mainly due to augmented oil refining activities taking place in the country. Mexico is a significant producer of petroleum and petroleum products such as diesel and gasoline in the region.
The oil processing sector is dominated by state-owned petroleum company, Petroleo Mexicans (Pemex), which has six oil refineries operating in the country. However, only 30% of the refining capacity has been utilized due to declining oil processing in the country. The decline is due to a drop in the production of light crude oil for which the refineries are mainly designed.
Mexico is currently relying on the imports of petroleum products from the U.S. to meet the domestic demand. The decline in oil production is expected to hamper the refining activities, which, in, turn, is anticipated to affect the refinery catalyst demand in the country negatively. However, the government is undertaking several initiatives to utilize refining capacities fully.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico refinery catalyst market , including forecasts for subscribers. This country databook contains high-level insights into Mexico refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico refinery catalyst market size, by material, 2018-2030 (US$M)
Mexico Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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