Report Scope & Overview:
Hydrodesulfurization Catalysts Market Size was valued at USD 2.81 billion in 2022, and is expected to reach USD 3.90 billion by 2030, and grow at a CAGR of 4.2% over the forecast period 2023-2030.
One of the most crucial procedures in the oil-refining sector, hydrodesulfurization uses a chemical catalysis to minimise contaminants in the proportion of petroleum distillates. It is frequently used to remove sulphur from refined petroleum products like gasoline, diesel, jet fuel, kerosene, and fuel oils as well as natural gas. The Hydrodesulfurization Catalysts Market are the catalysts employed in this process. Sulfides, disulfides, and thiols are among the diverse variety of sulphur compounds found in crude oil. Facilities for capturing and eliminating hydrogen sulphide (H2S) gas that is produced when sulphur gases react with hydrodesulfurization catalysts are part of the industrial hydrodesulfurization processes. Hydrogen sulphide gas is transformed into sulfuric acid or elemental sulphur as a byproduct in petroleum refineries (H2SO4).
Environmental problems including pollution from emissions.
Strict guidelines for fuels' sulphur content
High Cost of Technology
Sulfur-free fuels have high production and distribution costs.
Higher capital expenses are necessary for the refining plants.
Opportunities for growth in Asia-growing Pacific's economies
Impact of Covid-19:
Due to the global supply chain disruption caused by the COVID-19 epidemic, the manufacture of hydrodesulfurization catalysts has suffered. Because China is the main producer of precious metals and the pandemic has disrupted the capacity of production facilities there, the supply of some goods has decreased. In addition, the disruptions in the supply of raw materials and the fluctuating prices are now posing significant challenges for the producers.
Due to a global drop in global trade, the COVID-19 pandemic has had an effect on the maritime industry both directly and indirectly. The container shipping business is also performing at a low level as a result of the reduction in the demand to supply ratio, as the majority of logistics service providers have scaled back their operations.
The global drop in transportation activity has drastically reduced demand for petroleum. The demand for catalysts used in the hydrodesulfurization of diesel and gasoline has decreased as a result.
The manufacturers will face difficulties as a result of the decline in demand for oil, falling oil prices, and declining investments in the oil industry.
HaldorTopsoe (Denmark), Dorf Ketal Chemicals (US), Albemarle Corporation (US), China Petroleum & Chemical Corporation (China), Royal Dutch Shell PLC (Netherlands), Axens (US), Honeywell International Inc (US), Johnson Matthey (UK), Clariant AG (Switzerland), UNICAT Catalyst Technologies, LLC (US), JGC Catalysts and Chemicals Ltd (Japan)
North America: Due to strict controls over emissions from vehicles and industrial outputs, the North American Hydrodesulfurization Catalysts Market held the highest share of the global market in 2020, accounting for over 32% of it. The region's market is expanding as a result of rising worries over human health and safety as a result of air pollution.
Asia-Pacific: China, Japan, India, South Korea, Australia & New Zealand, and other nations are included in the segmentation of the Asia-Pacific Hydrodesulfurization Catalysts Market.
The largest country-level market in the area is China, while India is predicted to grow at the fastest rate.
Europe: The region's market for hydrodesulfurization catalysts is expanding as a result of rising demand for fuels such as ultra-low sulphur main fuels and other fuels.
Latin America: The expansion of oil and gas refineries in this area is credited with driving the growth of the hydrodesulfurization catalysts market.
Middle East & Africa: Countries in this region, including Saudi Arabia, Iran, and the United Arab Emirates, are concentrating on increasing their refinery capacity, which is anticipated to create profitable prospects for the region's producers.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 2.81 Billion|
|Market Size by 2030||US$ 3.90 Billion|
|CAGR||CAGR of 4.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Cobalt molybdenum, Nickel based, Others)
• By Application (Natural Gas, Naphtha, Diesel Oil, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||HaldorTopsoe (Denmark), Dorf Ketal Chemicals (US), Albemarle Corporation (US), China Petroleum & Chemical Corporation (China), Royal Dutch Shell PLC (Netherlands), Axens (US), Honeywell International Inc (US), Johnson Matthey (UK), Clariant AG (Switzerland), UNICAT Catalyst Technologies, LLC (US), JGC Catalysts and Chemicals Ltd (Japan)|
|Key Drivers||• Environmental problems including pollution from emissions.
• Strict guidelines for fuels' sulphur content
|RESTRAINTS||• High Cost of Technology
• Sulfur-free fuels have high production and distribution costs.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Due to a global drop in global trade, the COVID-19 pandemic has had an effect on the maritime industry both directly and indirectly. The container shipping business is also performing at a low level as a result of the reduction in the demand to supply ratio, as the majority of logistics service providers have scaled back their operations. The global drop in transportation activity has drastically reduced demand for petroleum. The demand for catalysts used in the hydrodesulfurization of diesel and gasoline has decreased as a result.
Ans: High Cost of Technology, Sulfur-free fuels have high production and distribution costs and Higher capital expenses are necessary for the refining plants are the restraints for Hydrodesulfurization Catalysts Market.
Ans: Primary or secondary type of research done by this reports.
Ans: Hydrodesulfurization Catalysts Market Size was valued at USD 2.7 billion in 2021, and expected to reach USD 3.61 billion by 2028, and grow at a CAGR of 4.2 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Hydrodesulfurization Catalysts Market Segment, By Type
8.1 Cobalt molybdenum
8.2 Nickel based
9.Hydrodesulfurization Catalysts Market Segment, By Application
9.1 Natural Gas
9.3 Diesel Oil
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 HaldorTopsoe (Denmark)
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Dorf Ketal Chemicals (US)
11.3 Albemarle Corporation (US)
11.4 China Petroleum & Chemical Corporation (China)
11.5 Royal Dutch Shell PLC (Netherlands)
11.6 Axens (US)
11.7 Honeywell International Inc (US)
11.8 Johnson Matthey (UK)
11.9 Clariant AG (Switzerland)
11.10 UNICAT Catalyst Technologies, LLC (US)
11.11 Chiyoda Corporation (Japan)
11.12 JGC Catalysts and Chemicals Ltd (Japan)
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Aroma Chemicals Market size was USD 5.33 billion in 2022 and is expected to Reach USD 7.58 billion by 2030 and grow at a CAGR of 4.0 % over the forecast period of 2023-2030.
The Agricultural Adjuvants Market was valued at USD 3.57 billion in 2022 and is projected to reach USD 5.23 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2023 to 2030.
Ortho Phthalaldehyde Market size was valued at USD 5.52 billion in 2022. It is expected to grow to USD 8.47 billion by 2030 and grow at a CAGR of 5.5% over the forecast period of 2023-2030.
Carrageenan Market size was valued at USD 873 million in 2022 and is expected to grow to USD 1349.97 million by 2030 and grow at a CAGR of 5.6% over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone