Spain Refinery Catalyst Market Size & Outlook, 2022-2030
Spain refinery catalyst market, 2018-2030 (US$M)
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Spain refinery catalyst market highlights
- The Spain refinery catalyst market generated a revenue of USD 113.3 million in 2022 and is expected to reach USD 170.6 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.3% 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 113.3 million |
| Market revenue in 2030 | USD 170.6 million |
| Growth rate | 5.3% (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, Spain accounted for 1.7% 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 Europe, Germany refinery catalyst market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 139.4 million by 2030.
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Refinery Catalyst Market Scope
Refinery Catalyst Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 32.74% in 2022. Horizon Databook has segmented the Spain refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
In Spain, refinery catalysts are most commonly used for the oil refining process. The country has a small number of oil reserves, thereby resulting in lower production of crude oil and its derivatives. Hence, the country majorly relies on the imports of crude oil to fulfill its demand.
The imported crude oil is processed in oil refineries and then further used for domestic consumption as well as exported to other countries. The below chart depicts the imports of crude oil in thousands of tons in 2019 from different countries three regions.
According to data published by Cores, a government organization, the majority of crude oil is sourced from the Middle East, followed by North America. Top countries exporting crude oil to Spain include Nigeria, Mexico, and Saudi Arabia, with exports accounting for 11,198, 9,431, and 8,241 thousand tons, respectively.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain refinery catalyst market , including forecasts for subscribers. This country databook contains high-level insights into Spain refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain refinery catalyst market size, by material, 2018-2030 (US$M)
Spain Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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