Refinery Catalyst Market Segmentation:
Type Segment Analysis
FCC catalysts segment is poised to capture refinery catalyst market share of over 38.1% by 2035. This dominance is driven by high-octane gasoline demand and capacity addition trends for processing heavier crude. For instance, in May 2023, Shell Catalysts & Technologies invested USD 121.7 million as part of the capacity expansion project for catalyst manufacturing in Louisiana. This development was aimed to produce catalysts that facilitate refining processes for energy efficiency.
Component Segment Analysis
In refinery catalyst market, zeolites segment is estimated to dominate revenue share of over 32.4% by 2035. The dominance can be attributed to the Zeolites being primary additives to enhance refinery yield and efficiency due to their greater activity and selectivity. In July 2023, Zeolyst International collaborated with Valoregen to develop cutting-edge recycling technologies using zeolite catalysts that will further boost their value in refining applications. Further, value-added zeolite has capacities to bring fuel clean by lowering the sulfur content and other contaminants, driving overall market growth.
Our in-depth analysis of the global market includes the following segments:
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