South Korea Refinery Catalyst Market Size & Outlook
South Korea refinery catalyst market, 2018-2030 (US$M)
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South Korea refinery catalyst market highlights
- The South Korea refinery catalyst market generated a revenue of USD 77.1 million in 2022 and is expected to reach USD 104.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.9% 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 77.1 million |
| Market revenue in 2030 | USD 104.9 million |
| Growth rate | 3.9% (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, South Korea accounted for 1.1% 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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South Korea 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 32.94% in 2022. Horizon Databook has segmented the South Korea refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea has a large oil refining sector, but mostly relies on entirely on crude oil imports to supply its refineries. The country is largely dependent on the Middle East’s oil supply and accounted for more than 82 per cent of South Korea’s crude oil imports. leaving behind its neighboring country Japan whose capacity stood at 3,343,000 barrels.
South Korea has five oil refining facilities which consist of crude distillation unit and FCC unit. Key players include S-OIL CORPORATION, SK energy Co Ltd. and GS Caltex. The s oil corporation. S-OIL CORPORATION is a subsidiary of Aramco has an oil refining capacity of 669,000 barrels/day. This represents significant opportunities of growth in terms of refinery catalyst application in oil refining.
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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 South Korea refinery catalyst market , including forecasts for subscribers. This country databook contains high-level insights into South Korea refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea refinery catalyst market size, by material, 2018-2030 (US$M)
South Korea Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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