U.S. Refinery Catalyst Market Size & Outlook, 2022-2030
U.S. refinery catalyst market, 2018-2030 (US$M)
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U.S. refinery catalyst market highlights
- The U.S. refinery catalyst market generated a revenue of USD 1,298.7 million in 2022 and is expected to reach USD 1,906.8 million by 2030.
- The U.S. 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 1,298.7 million |
| Market revenue in 2030 | USD 1,906.8 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, U.S. accounted for 19.2% 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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U.S. 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 32.96% in 2022. Horizon Databook has segmented the U.S. refinery catalyst market based on zeolite, metallic, chemical compounds covering the revenue growth of each sub-segment from 2018 to 2030.
The refinery catalyst demand in the country is driven by its augmented use in petroleum refining. Petroleum is one of the primary energy sources in the country and is used in vehicles, heat buildings as well as in electricity production.
Also, petroleum is utilized as a feedstock by many end-use sectors such as polyurethane, solvents, plastics, and several other intermediate products. According to the U.S. Energy Information Administration, petroleum consumption accounted for nearly 20.50 million barrels per day (b/d). The chart below exhibits the utilization of petroleum by various end-use sectors.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. refinery catalyst market , including forecasts for subscribers. This country databook contains high-level insights into U.S. refinery catalyst market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. refinery catalyst market size, by material, 2018-2030 (US$M)
U.S. Refinery Catalyst Market Outlook Share, 2022 & 2030 (US$M)
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