March 01, 2019

Catalyst Demand Growth Projected at 1.1% Through 2040

Clean fuels demand growth, additional crude oil sources, refining investments and advancements in catalyst technology are significant drivers of catalyst industry growth.

The global demand for refining catalysts in 2018 was 831 thousand tons/year. Fluid catalytic cracking (FCC) catalysts account for 65% of the market, residual FCC (RFCC) with 16%, followed by hydroprocessing with 13% and naphtha reforming with 3%. The remaining balance is split between alkylation, isomerization and hydrocracking. Despite economic uncertainty, the global demand is projected to grow 1.1% through 2040.

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In 2018, the global refining catalyst market was estimated at $2.9 billion USD. Conversion processes, FCC catalyst, has the largest market share at 35%, followed by catalytic naphtha reformer catalyst at 13.8%, and other distillate hydrotreating at 12.1%.

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The total distillate hydrotreating catalyst market value is $423 million USD. Haldor Topsoe maintains 20% of the market share. ART, Albemarle and Sinopec account for 16%, 15%, and 11%, respectively, of catalyst market share.

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