Refinery Catalysts Market

The refinery catalyst market is expected to grow at a CAGR of 4.0% to reach USD 6.8 billion by 2029 from USD 5.6 billion in 2024. The market growth is driven by various factors, including the significant demand for cleaner and high-octane fuels, and technological advancements. The key global players in the refinery catalysts market, such as Albemarle Corporation (US), W R Grace (US), BASF (Germany), Haldor Topsoe (Denmark), Honeywell UOP (US), Clariant (Switzerland), Axens (France), Johnson Matthey (UK), China Petroleum and Chemical Corporation (Sinopec) (China), and Shell Catalyst & Technologies (Netherlands) have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches, expansions.

Albemarle Corporation

Albemarle Corporation is a global leader in the manufacturers of engineered specialty chemicals. The company operates in three business segments namely, energy storage, specialties and ketjen. Albemarle Corporation manufactures products for consumer electronics, petroleum refining, utilities, packaging, construction, automotive and transportation applications, pharmaceuticals, crop protection, food safety, and custom chemistry services. It offers refinery catalyst products through its ketjen business segment under ACTION and DENALI products series. The major production units of the company are in North America, Europe and Asia Pacific. The company has its global presence in the markets of North America, Asia Pacific, Europe and the Middle East.

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W.R. Grace & Co.

W. R Grace & Co is one of the leading manufacturers of specialty chemicals and materials. The company operates majorly in two business segments namely catalysts technologies and materials technologies. The company holds a major global market share in FCC catalysts, hydro processing, polyolefin catalyst, independent polypropylene process technology licensing, and specialty silica gel. W. R Grace and Co offers refinery catalyst products through its Catalyst technologies business segment under its brands ACHIEVE, DAVICAT AND FUSION catalysts. In 2001 the company partnered into a joint venture with Chevron Product Company and formed Advanced Refining Technologies and (ART) through which it offers hydro processing catalysts. The company has its global footprint in the markets of North America, Europe, Asia Pacific and South America.

Related Reports:

Refinery Catalysts Market by Type (FCC Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, Catalytic Reforming Catalysts), Ingredients (Zeolites, Metals, Chemical Compounds), and Region - Global Forecast to 2029

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