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CHEMICALS AND ADVANCED MATERIALS

Refinery Process Chemicals Market Segmentation by Product Type (Corrosion Inhibitors, PH Adjusters, Catalysts, Anti-fouling Agents, and Others); and by End-Use Application (Distilling, Cracking, Reforming, Treating, Blending, and Others) – Global Demand Analysis & Opportunity Outlook 2020-2029

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Extensive insights into the Growth of Refinery Process Chemicals Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • July 9, 2020: CLARIANT announced that it has entered into a partnership with Ineratec, where the former would provide its extensive catalysis expertise for developing and commercializing novel technologies for the production of renewable fuels and chemicals of Ineratec.

Global Refinery Process Chemicals Market Highlights Over 2020 - 2029

The global refinery process chemicals market garnered a revenue of USD 29272.9 Million in 2020, and is further expected to reach USD 42429.7 Million by the end of 2029, by growing with a CAGR of 3.9% during the forecast period, i.e., 2021-2029. The growth of the market can primarily be attributed to the growing energy consumption worldwide, including oil and natural gas. According to the statistical report titled “BP Statistical Review of World Energy 2019” by bp, the global primary energy consumption grew at a rate of 2.9% in the year 2018. This was the fastest growth since the year 2010. The demand for petroleum products has grown significantly over the past few years. To meet the rising demand for such products, the petroleum refineries are increasing their production rates. The process of petroleum refinery requires numerous chemicals, which in turn is anticipated to drive the growth of the global refinery process chemicals market during the forecast period. In addition, growing investments in oil refineries, along with the rising environmental concerns related to the refinery process, are some of the additional factors anticipated to drive the market growth. Chemical products, such as corrosion inhibitors, hydrogen sulfide scavengers, pH stabilizers, and others are utilized massively during the refinery process, and are also promoted by environment monitoring bodies as these products help to lower the environmental pollution during the refinery process.

Refinery Process Chemicals Market Graph

Global Refinery Process Chemicals Market Regional Synopsis

Regionally, the global refinery process chemicals market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the Asia Pacific is anticipated to garner the largest market revenue of USD 16059.9 Million by the end of 2029, up from a revenue of USD 10516.9 Million in 2020. The market in the region is also anticipated to grow with the highest CAGR of 5.0% during the forecast period. Amongst the countries in the region, the market in China is anticipated to hold the highest market share during the forecast period and further attain the largest market revenue of USD 6728.6 Million by the end of 2029, up from a revenue of USD 4327.7 Million in the year 2020. The growth of the market in the nation can primarily be attributed to the increasing production and consumption of petroleum products and the increasing investments by players in the petroleum industry. According to the statistics by the National Bureau of Statistics of China, output of crude oil in December 2019 recorded to 16.06 Million tons, which was an increase by 0.9% than its previous month. CLICK TO DOWNLOAD SAMPLE REPORT

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Refinery Process Chemicals Market

Growth Drivers

  • Rapidly Growing Demand for Petroleum Products
  • Rising Focus to Treat Wastes Generated During Refinery Process

Challenges

  • Shift in Preferences Towards Alternative Fuel Sources

Global Refinery Process Chemicals Market Segmentation Synopsis

The global refinery process chemicals market is segmented by product type into corrosion inhibitors, pH adjusters, catalysts, anti-fouling agents, and others. Out of these segments, the pH adjusters segment is expected to garner the largest market revenue of USD 11254.2 Million by the end of 2029, up from USD 7571.8 Million in 2020. Further, the market is segmented by end-use application into distilling, cracking, reforming, treating, blending, and others. Amongst these segments, the treating segment garnered the highest market share in the year 2020 and is further expected to hold the largest market revenue of USD 14582.5 Million by the end of 2029, up from USD 9861.5 Million in 2020. The segment is also expected to grow with the second-highest CAGR of 4.2% during the forecast period.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global refinery process chemicals market that are included in our report are BASF SE, The Lubrizol Corporation, General Electric Company, CLARIANT, Johnson Matthey, Albemarle Corporation, Dorf Ketal Chemicals (I) Pvt. Ltd., Berryman Chemical Inc., W. R. Grace & Co., Baker Hughes Company, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

Global Refinery Process Chemicals Market TOC

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions & Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Analyst Review
  5. Executive Summary – Global Refinery Process Chemicals Market
  6. Industry Value Chain Analysis
    1. Raw Material Procurement
    2. Manufacturing
    3. Distribution & Supply
    4. End-user Outlook
    5. List of key players across the value chain
  7. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Key Opportunities
    4. Market Trends
  8. Regulatory and Standards Landscape
  9. Impact of COVID-19 on the Global Refinery Process Chemicals Market
    1. Impact on the demand
    2. Impact on the manufacturers
    3. Impact on the supply & distribution
    4. Impact on the key market players
    5. Impact on the pricing
    6. Market impact analysis in 2020 (quarter wise) w.r.t covid-19 pandemic (USD million)
  10. Global Refinery Process Chemicals Outlook
    1. Global Refinery Process Chemicals Market, in USD Million (2020-2029)
    2. Global Refinery Process Chemicals Market, in Kilotons (2020-2029)
    3. Market Segmentation by:
      1. Product Type, 2020-2029F (USD Million, Kilotons)
        1. Corrosion Inhibitors, 2020-2029F (USD Million, Kilotons)
        2. PH Adjusters, 2020-2029F (USD Million, Kilotons)
        3. Catalysts, 2020-2029F (USD Million, Kilotons)
        4. Anti-fouling Agents, 2020-2029F (USD Million, Kilotons)
        5. Others, 2020-2029F (USD Million, Kilotons)
      2. End-Use Application, 2020-2029F (USD Million, Kilotons)
        1. Distilling, 2020-2029F (USD Million, Kilotons)
        2. Cracking, 2020-2029F (USD Million, Kilotons)
        3. Reforming, 2020-2029F (USD Million, Kilotons)
        4. Treating, 2020-2029F (USD Million, Kilotons)
        5. Blending, 2020-2029F (USD Million, Kilotons)
        6. Others, 2020-2029F (USD Million, Kilotons)
      3. Region
        1. North America, 2020-2029F (USD Million, Kilotons)
        2. Europe, 2020-2029F (USD Million, Kilotons)
        3. Asia Pacific, 2020-2029F (USD Million, Kilotons)
        4. Latin America, 2020-2029F (USD Million, Kilotons)
        5. Middle East & Africa, 2020-2029F (USD Million, Kilotons)
  11. North America Refinery Process Chemicals Market
    1. North America Refinery Process Chemicals Outlook
    2. North America Refinery Process Chemicals Market, in USD Million (2020-2029)
    3. North America Refinery Process Chemicals Market, in Kilotons (2020-2029)
    4. Leading Companies in Refinery Process Chemicals
    5. Pricing Outlook (USD/Ton)
    6. Market Segmentation by:
      1. Product Type, 2020-2029F (USD Million, Kilotons)
        1. Corrosion Inhibitors, 2020-2029F (USD Million, Kilotons)
        2. PH Adjusters, 2020-2029F (USD Million, Kilotons)
        3. Catalysts, 2020-2029F (USD Million, Kilotons)
        4. Anti-fouling Agents, 2020-2029F (USD Million, Kilotons)
        5. Others, 2020-2029F (USD Million, Kilotons)
      2. End-Use Application, 2020-2029F (USD Million, Kilotons)
        1. Distilling, 2020-2029F (USD Million, Kilotons)
        2. Cracking, 2020-2029F (USD Million, Kilotons)
        3. Reforming, 2020-2029F (USD Million, Kilotons)
        4. Treating, 2020-2029F (USD Million, Kilotons)
        5. Blending, 2020-2029F (USD Million, Kilotons)
        6. Others, 2020-2029F (USD Million, Kilotons)
    7. Cross analysis of product-type w.r.t end-use applications
    8. Country-wise Refinery Process Chemicals Market
      1. United States, 2020-2029F (USD Million, Kilotons)
      2. Canada, 2020-2029F (USD Million, Kilotons)
  12. Latin America Refinery Process Chemicals Market
    1. Latin America Refinery Process Chemicals Outlook
    2. Latin America Refinery Process Chemicals Market, in USD Million (2020-2029)
    3. Latin America Refinery Process Chemicals Market, in Kilotons (2020-2029)
    4. Leading Companies in Refinery Process Chemicals
    5. Pricing Outlook (USD/Ton)
    6. Market Segmentation by:
      1. Product Type, 2020-2029F (USD Million, Kilotons)
      2. End-Use Application, 2020-2029F (USD Million, Kilotons)
      3. Country-wise Refinery Process Chemicals Market
        1. Brazil, 2020-2029F (USD Million, Kilotons)
        2. Mexico, 2020-2029F (USD Million, Kilotons)
        3. Argentina, 2020-2029F (USD Million, Kilotons)
        4. Rest of Latin America, 2020-2029F (USD Million, Kilotons)
  13. Europe Refinery Process Chemicals Market
    1. Europe Refinery Process Chemicals Outlook
    2. Europe Refinery Process Chemicals Market, in USD Million (2020-2029)
    3. Europe Refinery Process Chemicals Market, in Kilotons (2020-2029)
    4. Leading Companies in Refinery Process Chemicals
    5. Pricing Outlook (USD/Ton)
    6. Market Segmentation by:
      1. Product Type, 2020-2029F (USD Million, Kilotons)
      2. End-Use Application, 2020-2029F (USD Million, Kilotons)
      3. Country-wise Refinery Process Chemicals Market
        1. United Kingdom, 2020-2029F (USD Million, Kilotons)
        2. Germany, 2020-2029F (USD Million, Kilotons)
        3. France, 2020-2029F (USD Million, Kilotons)
        4. Italy, 2020-2029F (USD Million, Kilotons)
        5. Spain, 2020-2029F (USD Million, Kilotons)
        6. Russia, 2020-2029F (USD Million, Kilotons)
        7. Netherlands, 2020-2029F (USD Million, Kilotons)
        8. Rest of Europe, 2020-2029F (USD Million, Kilotons)
  14. Asia Pacific Refinery Process Chemicals Market
    1. Asia Pacific Refinery Process Chemicals Outlook
    2. Asia Pacific Refinery Process Chemicals Market, in USD Million (2020-2029)
    3. Asia Pacific Refinery Process Chemicals Market, in Kilotons (2020-2029)
    4. Leading Companies in Refinery Process Chemicals
    5. Pricing Outlook (USD/Ton)
    6. Market Segmentation by:
      1. Product Type, 2020-2029F (USD Million, Kilotons)
      2. End-Use Application, 2020-2029F (USD Million, Kilotons)
      3. Country-wise Refinery Process Chemicals Market
        1. China, 2020-2029F (USD Million, Kilotons)
        2. India, 2020-2029F (USD Million, Kilotons)
        3. Japan, 2020-2029F (USD Million, Kilotons)
        4. South Korea, 2020-2029F (USD Million, Kilotons)
        5. Singapore, 2020-2029F (USD Million, Kilotons)
        6. Indonesia, 2020-2029F (USD Million, Kilotons)
        7. Thailand, 2020-2029F (USD Million, Kilotons)
        8. Rest of Asia Pacific, 2020-2029F (USD Million, Kilotons)
  15. Middle East & Africa Refinery Process Chemicals Market
    1. Middle East & Africa Refinery Process Chemicals Outlook
    2. Middle East & Africa Refinery Process Chemicals Market, in USD Million (2020-2029)
    3. Middle East & Africa Refinery Process Chemicals Market, in Kilotons (2020-2029)
    4. Leading Companies in Refinery Process Chemicals
    5. Pricing Outlook (USD/Ton)
    6. Market Segmentation by:
      1. Product Type, 2020-2029F (USD Million, Kilotons)
      2. End-Use Application, 2020-2029F (USD Million, Kilotons)
      3. Country-wise Refinery Process Chemicals Market
        1. GCC, 2020-2029F (USD Million, Kilotons)
        2. Iran, 2020-2029F (USD Million, Kilotons)
        3. Egypt, 2020-2029F (USD Million, Kilotons)
        4. Rest of Middle East & Africa, 2020-2029F (USD Million, Kilotons)
  16. Competitive Landscape
    1. BASF SE
    2. The Lubrizol Corporation
    3. General Electric Company
    4. CLARIANT
    5. Johnson Matthey
    6. Albemarle Corporation
    7. Dorf Ketal Chemicals (I) Pvt. Ltd.
    8. Berryman Chemical Inc.
    9. W. R. Grace & Co.
    10. Baker Hughes Company

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