According to Fortune Business Insights, The global refinery catalyst market size was USD 4.82 billion in 2023 and is projected to grow from USD 5.01 billion in 2024 to USD 6.77 billion by 2032 at a CAGR of 3.8% during the 2024-2032 period. Asia Pacific dominated the refinery catalyst market with a market share of 35.68% in 2023.

Refinery catalysts are chemical ingredients used during the refining process to remove unwanted impurities such as nitrogen, metal contamination, and sulfur. These catalysts include zeolites, calcium carbonate, molybdenum, palladium, zirconium, which are used independently or in different combinations to improve the operating effectiveness of petroleum. The global refinery catalyst market is witnessing steady growth, driven by tightening environmental regulations, rising fuel demand, and increasing investments in complex refinery infrastructure. As refineries shift focus toward producing cleaner fuels and value-added petrochemicals, the demand for advanced catalysts is on the rise.

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LIST OF KEY COMPANIES PROFILED

• Albemarle Corporation (U.S.)
• BASF SE (Germany)
• Haldor Topsoe A/S (Denmark)
• Honeywell International Inc. (U.S.)
• Clariant (Switzerland)
• Axens (France)
• Johnson Matthey (U.K.)
• China Petroleum & Chemical Corporation (China)
• Royal Dutch Shell plc (Netherlands)

Key Segments:

• By Type: Fluid catalytic cracking (FCC) catalysts, hydrotreating catalysts, hydrocracking catalysts, catalytic reforming catalysts.
• By Ingredient: Zeolites, metals (molybdenum, cobalt, nickel), chemical compounds.
• By Application: Gasoline production, diesel treatment, residue upgrading, petrochemical processing.

Market Drivers

1. Stringent Fuel Emission Standards