The 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).
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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
Higher capital expenses are necessary for the refining plants
Opportunity:
Opportunities for growth in Asia-growing Pacific's economies
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.
By Type
Cobalt molybdenum
Nickel based
Others
By Application
Natural Gas
Naphtha
Diesel Oil
Others
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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 2022, 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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
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).
| Report Attributes | Details |
|---|---|
| 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 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
8.3 Others
9.Hydrodesulfurization Catalysts Market Segment, By Application
9.1 Natural Gas
9.2 Naphtha
9.3 Diesel Oil
9.4 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profile
11.1 HaldorTopsoe (Denmark)
11.1.1 Financial
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.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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