세계의 수소화 촉매 시장(2024-2031년)

Overview

Global Hydrogenation Catalyst Market reached US$ 3.7 billion in 2023 and is expected to reach US$ 5.2 billion by 2031, growing with a CAGR of 4.2% during the forecast period 2024-2031.

The growing need for ecologically friendly and productive processes in the petrochemical and energy industries is driving the growth of the global hydrogeneration catalyst market, a significant subset of the catalyst industry. Catalysts for hydrogen generation are essential for hydrogenation reactions, especially in industrial operations and refining applications.

With the global refining and chemical industries growing, the hydrogeneration catalyst market has been steadily growing. Technological developments, strict environmental laws and a move towards greener and more effective hydrogeneration methods define the market. European producers are renowned for their emphasis on R&D to improve the efficacy and efficiency of hydrogenation catalysts. Catalyst technology advancements can boost selectivity, lower energy usage and enhance performance, all of which can propel market expansion.

For instance, on October 4, 2022, with two innovative product lines, German-based, BASF completes its well-known selective hydrogenation catalyst E 15x series. The new sulfur-resistant E 15x S catalyst series intends to increase producers' flexibility to employ low-quality feedstocks with higher impurity levels by making it easier to process contaminated feedstocks and enabling dependable process operation. The E 153 S ECU 1/8" is currently installed in a global PyGas 1st stage unit, demonstrating its exceptional activity and surpassing the current catalyst of the competitor. Therefore, Europe contributes to the growth of the regional product market with significant regional market share.

Dynamics

Rising Demand from Refined Petroleum Product

The rising global demand for premium and cleaner fuels is driving up the demand for the effective hydrogenation catalysts. In order to keep up with the increasing demand for refined petroleum products and refineries are increasing. To support these operations, this expansion frequently requires for the construction of new processing units or the renovation of existing ones, which increases the need for hydrogenation catalysts.

For instance, in February 2022, the heavy-feed petrochemical complex (HPC), run by Hyundai Chemicals, used the C2 FE selective hydrogenation catalyst from Shell Catalysts & Technologies (SC&T) to ensure a quick and successful startup in December 2021. The facility is Hyundai Chemicals' first heavy-feed grassroot ethylene cracker, capable of producing 750 kilotons per year (KTA) and it is situated in Daesan, South Korea. It can process a variety of feedstocks, including naphtha, processed deasphalted oil and refinery off-gas from the refinery that Hyundai Oilbank currently uses.

Imperative of Capacity Expansion

Companies that increase their production capacity have the chance to take up more market share. Gaining contracts for major projects, expanding their customer base and serving new geographical areas are all made possible by their increased capacity, which boosts the market as a whole. Increased capacity frequently results in economies of scale, which enable producers to create hydrogenation catalysts more cheaply and effectively per unit. Customers may benefit from this cost-effectiveness, increasing the catalysts' competitiveness in the market and encouraging more uptakes.

For instance, in March 2023, at its production facilities in Hanau, Germany and Dombivli, close to Mumbai, India, Evonik Catalysts announced plans to increase the amount of activated nickel powder catalysts it can produce. The products are sold under the KALCAT and Metalyst identities. To improve supply security for its clients and meet the increased demand from the pharmaceutical, agrochemical and sugar replacement industries for its precious metal-free powder hydrogenation catalysts, the business is taking action.

Availability and Cost of Hydrogen

Reactant hydrogen is frequently needed in large quantities for hydrogenation procedures. The overall economics of a hydrogenation process can be significantly impacted by the cost of creating hydrogen. The expense of producing hydrogen may increase the whole cost of the hydrogenation process, which deters industries from adopting it.

One potential limitation is the hydrogen supply chain's dependability and availability. Hydrogen production, storage and transportation issues could cause industrial processes that depend on hydrogenation catalysts to be disrupted. The widespread application of hydrogenation technology requires the establishment of a strong and effective hydrogen infrastructure.

Regulatory Hurdles

It is frequently necessary to make large investments in technology, procedures and occasionally even infrastructure to meet strict regulatory criteria. Businesses may have to commit significant efforts to maintaining compliance, which increases operating expenses and may hurt profitability and competition. Products and services may take longer to reach the market as a result of strict regulatory restrictions. The lengthy regulatory approval and compliance procedures might cause a delay in the release of new goods and technology. Due to this delay, rivals from areas with laxer regulations can have an advantage over one another.

Segment Analysis

The global hydrogenation catalyst market is segmented based on production, form, end-user and region.

Growing Need for Hydrogenation Catalysts Is Caused by Increasing Complexity in Hydrocarbon Extraction from Shale Resources

The extraction of hydrocarbons has become complex due to the emergence of shale oil and gas resources. The market for hydrogenation catalysts has grown as a result of the function hydrogenation catalysts play in upgrading and processing these non-traditional hydrocarbons to fulfill product standards.

In September 2020, with enhanced performance features, a new range of commercially proven alumina catalysts is now available that can help with selective hydrogenation applications like diene selective hydrogenation in C4 olefin streams or first-stage PYGAS. The E14x series of Pd alumina catalysts, which have been used commercially for more than thirty years in selective hydrogenation applications, are replaced by the new series of Pd on spherically shaped E15x catalysts. Therefore, burgeoning demand from oil and gas end-user segment captures the significant shares in the total global segmental shares.

Geographical Penetration

Due to Expanding Refinery Capacities and Growing Demand for Cleaner Fuels, Asia-Pacific Leads the Global Market

Alongside the Asia-Pacific's increased energy needs is a growing need for refined products. To accommodate the growing demand for cleaner fuels, several countries in the region are increasing the capacity of their refineries. Catalysts for hydrogenation are crucial for refining procedures including desulfurization and hydrocracking, which supports market expansion.

For instance, in 2022, Sinopec's first 10,000-ton hydrogenation catalyst production base was completed on 30 March with the successful production of the first batch of approved products by Catalyst Dalian Company's fourth production line. The industry has seen a sharp rise in demand for hydrogenation catalysts in recent years. Therefore, Asia-Pacific is leading the global hydrogenation catalyst market with majority of the global market shares.

COVID-19 Impact Analysis

The supply chain for catalyst components or the catalysts themselves may have been impacted by movement restrictions, lockdowns and transportation interruptions. The epidemic caused a temporary delay or shutdown in a number of companies, including petrochemicals and refining. The need for hydrogenation catalysts may have declined as a result of this. The pandemic's uncertainty may have delayed or postponed project implementations and investment decisions, which has an effect on the market for catalysts.

Price instability was caused by changes in supply and demand, which affected the hydrogenation catalyst market among other markets. Market volatility was caused on by uncertainties over the scope and duration of the epidemic, which had an impact on industry participants' profit margins and pricing policies.

Russia-Ukraine War Impact Analysis

Supply chains in the area have been affected by the conflict between Russia and Ukraine since Russia is a significant producer of precious metals in Europe, including palladium and platinum, which are essential ingredients in catalysts. Geopolitical tensions, border closures and trade restrictions have impeded the free transit of these metals, disrupted supply chains and lowered the availability of raw materials for the creation of catalysts.

The conflict between Russia and Ukraine has caused price instability for precious metals, especially those used in catalysts, on the market. Palladium and platinum prices have fluctuated due to geopolitical unrest, political tensions and the possibility of supply disruptions. Effective planning and budgeting can be challenging for customers and catalyst producers as a result of these price changes.

By Product

• Precious Metal Based Hydrogenation Catalyst
• Common Metal Based Hydrogenation Catalyst
• Alloy Based Hydrogenation Catalyst

By Form

• Homogenous Catalyst
• Heterogenous Catalyst

By End-User

• Oil and Gas
• Chemical
• Pharmaceuticals
• Petrochemicals
• Polymer
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On April 12, 2023, at its production facilities in Hanau, Germany and Dombivli, close to Mumbai, India, Evonik Catalysts announced plans to increase the amount of activated nickel powder catalysts it can produce.
• In 2022, Sinopec's first 10,000-ton hydrogenation catalyst production base was completed on 30 March with the successful production of the first batch of approved products by Catalyst Dalian Company's fourth production line.
• In 2021, Axens announced the opening of SeLene, a brand-new family business specializing in selective hydrogenation. One of the most important purification processes to generate the most important petrochemical industry building blocks is selective hydrogenation.

Competitive Landscape

The major global players in the market include BASF, Evonik Industries, Sinopec, CNPC, Johnson Matthey, Royal Dutch Shell, Clariant, Albemarle Corporation, LyondellBasell Industries Holdings B.V. and Advanced Refining Technologies (ART).

Why Purchase the Report?

• To visualize the global hydrogenation catalyst market segmentation based on production, form, end-user and region, as well as understands key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of hydrogenation catalyst market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global hydrogenation catalyst market report would provide approximately 61 tables, 54 figures and 175 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Product
• 3.2. Snippet by Form
• 3.3. Snippet by End-User
• 3.4. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Rising Demand from Refined Petroleum Product
    • 4.1.1.2. Imperative of Capacity Expansion
  • 4.1.2. Restraints
    • 4.1.2.1. Availability and Cost of Hydrogen
    • 4.1.2.2. Regulatory Hurdles
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis
• 5.5. Russia-Ukraine War Impact Analysis
• 5.6. DMI Opinion

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID
  • 6.1.2. Scenario During COVID
  • 6.1.3. Scenario Post COVID
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers Strategic Initiatives
• 6.6. Conclusion

7. By Product

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 7.1.2. Market Attractiveness Index, By Product
• 7.2. Precious Metal Based Hydrogenation Catalyst*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Common Metal Based Hydrogenation Catalyst
• 7.4. Alloy Based

8. By Form

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 8.1.2. Market Attractiveness Index, By Form
• 8.2. Homogenous Catalyst*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Heterogenous Catalyst

9. By End-User

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.1.2. Market Attractiveness Index, By End-User
• 9.2. Oil and Gas*
  • 9.2.1. Introduction
  • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3. Chemical
• 9.4. Pharmaceuticals
• 9.5. Petrochemicals
• 9.6. Polymer
• 9.7. Others

10. By Region

• 10.1. Introduction
  • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 10.1.2. Market Attractiveness Index, By Region
• 10.2. North America
  • 10.2.1. Introduction
  • 10.2.2. Key Region-Specific Dynamics
  • 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.2.6.1. U.S.
    • 10.2.6.2. Canada
    • 10.2.6.3. Mexico
• 10.3. Europe
  • 10.3.1. Introduction
  • 10.3.2. Key Region-Specific Dynamics
  • 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.3.6.1. Germany
    • 10.3.6.2. UK
    • 10.3.6.3. France
    • 10.3.6.4. Italy
    • 10.3.6.5. Russia
    • 10.3.6.6. Rest of Europe
• 10.4. South America
  • 10.4.1. Introduction
  • 10.4.2. Key Region-Specific Dynamics
  • 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.4.6.1. Brazil
    • 10.4.6.2. Argentina
    • 10.4.6.3. Rest of South America
• 10.5. Asia-Pacific
  • 10.5.1. Introduction
  • 10.5.2. Key Region-Specific Dynamics
  • 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.5.6.1. China
    • 10.5.6.2. India
    • 10.5.6.3. Japan
    • 10.5.6.4. Australia
    • 10.5.6.5. Rest of Asia-Pacific
• 10.6. Middle East and Africa
  • 10.6.1. Introduction
  • 10.6.2. Key Region-Specific Dynamics
  • 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11. Competitive Landscape

• 11.1. Competitive Scenario
• 11.2. Market Positioning/Share Analysis
• 11.3. Mergers and Acquisitions Analysis

12. Company Profiles

• 12.1. BASF*
  • 12.1.1. Company Overview
  • 12.1.2. Product Portfolio and Description
  • 12.1.3. Financial Overview
  • 12.1.4. Key Developments
• 12.2. Evonik Industries
• 12.3. Sinopec
• 12.4. CNPC
• 12.5. Johnson Matthey
• 12.6. Royal Dutch Shell
• 12.7. Clariant
• 12.8. Albemarle Corporation
• 12.9. LyondellBasell Industries Holdings B.V.
• 12.10. Advanced Refining Technologies (ART)

LIST NOT EXHAUSTIVE

13. Appendix

• 13.1. About Us and Services
• 13.2. Contact Us