North America Refinery Catalyst Market Size & Outlook
North America refinery catalyst market, 2018-2030 (US$M)
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North America refinery catalyst market highlights
- The North America refinery catalyst market generated a revenue of USD 1,602.6 million in 2022.
- The 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,602.6 million |
| Market revenue in 2030 | USD 2,343.4 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Zeolite |
| Fastest growing segment | Chemical Compounds |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 23.7% of the global refinery catalyst market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,357.7 million by 2030.
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Refinery Catalyst Market Scope
Refinery Catalyst Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 32.92% in 2022. Horizon Databook has segmented the North America refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
The North America refinery catalyst demand Rising demand for petroleum products such as gasoline in the U.S. is expected to drive the refining activities, thereby driving the catalyst demand. In addition, these countries have a substantial amount of crude oil reserves, which ensure easy raw material availability.
Technological advancements in processing technologies such as hydraulic fracturing are expected to increase the production of unconventional sources such as shale gas and tight oil in the U.S. and Canada.
Increasing production of tight oil and shale gas is likely to lower raw material prices and is anticipated to increase the refining margins of market players. This is expected to have a positive impact on catalyst market demand over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America refinery catalyst market , including forecasts for subscribers. This continent databook contains high-level insights into North America refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America refinery catalyst market size, by country, 2018-2030 (US$M)
North America Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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