市場調查報告書
商品編碼
1446873
全球加氫處理催化劑市場Global Hydrotreating Catalysts Market |
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概述
2023年全球加氫處理催化劑市場規模達12.842億美元,預計2031年將達到17.355億美元,2024-2031年預測期間CAGR為4.0%。
隨著動物脂肪和植物脂肪等生物基原料在燃料生產中越來越受歡迎,對加氫處理催化劑的需求不斷成長。這些原料被認為更環保,並且符合全球生物燃料的趨勢。加氫處理催化劑製程對於將生物基原料轉化為優質低硫燃料至關重要。
全球對永續發展的日益關注推動了對再生燃料的需求。為了利用植物和動物脂肪等原料生產永續航空燃料和再生柴油,加氫處理催化劑至關重要。加氫處理催化劑在再生燃料的生產中變得越來越必要,這在很大程度上是由於生態意識的增強和減少碳排放的需要。
亞太地區是全球加氫處理催化劑市場的成長地區之一,佔超過1/3的市場。由於亞太地區汽車工業的不斷發展,對更清潔、更優質的燃料的需求也隨之增加,這反映在汽車產品數量的增加上。經過加氫處理的催化劑對於生產符合嚴格排放法規的低硫燃料至關重要。
動力學
對清潔燃料的需求不斷增加
全球對清潔燃料的需求不斷成長是推動全球加氫處理催化劑市場的主要因素之一。超低硫柴油 (ULSD) 和低硫汽油是硫含量降低的精煉石油產品的例子,由於環境問題和嚴格的排放要求,對這些產品的需求不斷增加。隨著世界各國努力減少空氣污染並遵守嚴格的排放規則,對加氫處理催化劑的需求不斷成長,推動了市場擴張。
例如,據霍尼韋爾稱,Lanaz 公司計劃在 2022 年改進其位於伊拉克的煉油廠,利用 UOP 模組化石腦油加氫處理和固定床 Platforming 製程裝置生產更清潔燃燒的運輸燃料。該計畫將幫助 Lanaz 滿足對燃料產品日益嚴格的要求,並將成為 UOP 模組化技術在全國各地的首次使用。
催化劑配方技術的發展
全球加氫處理催化劑市場也受到催化劑配方技術不斷進步的顯著影響。催化劑製造商正在投入資金進行研發,以提高加氫處理催化劑的耐用性、效率和選擇性。催化劑性能和長期性能的提高是成分和設計創新的結果,例如添加新材料和催化劑。
例如,2023 年,WR Grace & Co. 和雪佛龍合作的Advanced Refining Technologies LLC 推出了ENDEAVOR,這是一種尖端加氫處理催化劑,旨在僅從可再生能源生產永續航空燃料和可再生柴油。植物油、精煉油、動物脂肪和油脂都是其中的一些來源。該產品的推出是為了滿足對永續運輸燃料日益成長的需求。經過長期的研發計劃,ENDEAVOR 已被證明能夠在各種煉油廠應用中發揮高水準的功能。
嚴格的環境法規
嚴格的環境限制對許多企業產生了影響,特別是能源生產和煉油企業,包括加氫處理催化劑市場。這些法律的製定是為了解決污染問題、保護環境並減少工業運作對空氣和水質的負面影響。降低運輸燃料(包括汽油和柴油)的硫含量通常是加氫處理催化劑市場環境立法的主要目標,以最大限度地減少燃燒過程中的二氧化硫 (SO2) 排放。
嚴格的法規雖然是一種限制,但也刺激了加氫處理催化劑產業的創新。催化劑製造商面臨著創造更永續和更有效率的解決方案的壓力,以便煉油廠能夠滿足或超越監管標準。由於對環境永續性的持續關注,催化劑技術不斷進步,最終透過降低排放和提高成品油的整體標準來幫助產業和環境。
資本密集度和經濟波動
加氫處理催化劑市場受到石油和天然氣產業經濟不穩定的限制。由於煉油業務需要大量資金,特別是在建立或升級加氫處理裝置時,該業務很容易受到全球石油價格變化和經濟活動低迷的影響。
加氫處理催化劑的需求可能會受到不確定的市場狀況導致的投資延遲和工程延誤的影響。與加氫處理裝置的安裝和維護相關的巨額前期成本可能會阻礙小型煉油廠或預算緊張的煉油廠,從而阻礙整個產業的擴張。
Overview
Global Hydrotreating Catalysts Market reached US$ 1,284.2 million in 2023 and is expected to reach US$ 1,735.5 million by 2031, growing with a CAGR of 4.0% during the forecast period 2024-2031.
The demand for hydrotreating catalysts is growing as bio-based feedstocks, such as animal and vegetable fats, become more and more popular for fuel generation. The feedstocks are thought to be more environmentally friendly and are in line with the globally trend toward biofuels. The process of hydrotreating catalysts is essential for transforming bio-based feedstocks into premium, low-sulfur fuels.
The demand for renewable fuels is being fueled by the growing focus on sustainability on globally. To produce sustainable aviation fuel and renewable diesel from feedstocks including vegetable and animal fats, hydrotreating catalysts are essential. Hydrotreating catalysts are becoming more necessary in the generation of renewable fuels due in large part to increasing ecological awareness and the need to cut carbon emissions.
Asia-Pacific is among the growing regions in the global hydrotreating catalysts market covering more than 1/3rd of the market. Cleaner and better fuels are in demand due to Asia-Pacific's growing automotive industry, which is reflected by an increase in the number of automotive products. Catalysts that have been hydrotreated are crucial to the production of low-sulfur fuels that comply with strict emission regulations.
Dynamics
Increasing Demand for Clean Fuels
The growing demand for cleaner fuels globally is one of the main factors driving the global hydrotreating catalysts market. Ultra-low sulfur diesel (ULSD) and low-sulfur gasoline are instances of refined petroleum products with a reduced sulfur content that is in increased demand due to environmental concerns and strict emissions demands. The demand for hydrotreating catalysts is growing, driving market expansion as nations across the world work to minimize air pollution and adhere to stringent emission rules.
For Instance, in 2022, According to Honeywell, the Lanaz Company plans to improve its refinery in Iraq to generate cleaner-burning transportation fuels by utilizing UOP modular naphtha hydrotreating and fixed-bed Platforming process units. The project will assist Lanaz in meeting the ever-tougher requirements for fuel products and will be the first use of UOP modular technology in the nation.
Developments in Catalyst Formulations Using Technology
The global market for hydrotreating catalysts is also significantly influenced by increasing technical developments in catalyst formulations. Manufacturers of catalysts are spending money on R&D to improve the hydrotreating catalysts' durability, efficiency and selectivity. Improved catalyst performance and long-term are a result of compositional and design innovations, such as the addition of new materials and catalysts.
For Instance, in 2023, Advanced Refining Technologies LLC, a collaborative effort between W. R. Grace & Co. and Chevron, introduced ENDEAVOR, a cutting-edge hydroprocessing catalyst intended to produce sustainable aviation fuel and renewable diesel only from renewable sources. Vegetable oils, refined oils, animal fats and greases are some of these sources. The introduction is in response to the growing need for sustainable transportation fuels. Throughout a protracted research and development program, ENDEAVOR has already proven to function at high levels in a variety of refinery applications.
Strict Environmental Regulations
Strict environmental restrictions have an impact on a lot of companies, especially the energy generation and refining ones, including the hydrotreating catalysts market. The laws are put into place to solve pollution issues, protect the environment and lessen the negative effects of industrial operations on the quality of the air and water. Reducing the sulfur content of transportation fuels, including gasoline and diesel, is frequently the main goal of environmental legislation in the context of the hydrotreating catalysts market to minimize sulfur dioxide (SO2) emissions during combustion.
The strict regulations, though a limitation, also stimulate innovation in the hydrotreating catalysts industry. Manufacturers of catalysts are under pressure to create more sustainable and efficient solutions so that refineries can either meet or surpass regulatory standards. As a result of the constant focus on environmental sustainability, catalyst technology is encouraged to progress, which eventually helps the industry and the environment by lowering emissions and raising the general standard of refined products.
Capital Intensity and Economic Volatility
The hydrotreating catalysts market is restricted by the economic instability of the oil and gas sector. Because refining operations need a large amount of money, particularly when establishing or upgrading hydrotreating units, the business is susceptible to changes in the price of oil globally and downturns in economic activity.
The demand for hydrotreating catalysts may be impacted by postponed investments and project delays brought on by uncertain market conditions. The significant upfront costs associated with the setup and maintenance of hydrotreating units may act as a disincentive for smaller refineries or those with tighter budgets, hence impeding the expansion of the industry as a whole.
The global hydrotreating catalysts market is segmented based on type, material, technology, feedstock, application and region.
Rising Demand for Petrochemicals Feedstocks of Heavy Oil
The heavy oils segment is among the growing regions in the global hydrotreating catalysts market covering more than 1/3rd of the market. Heavy oils demand specific processing to fulfill health and product quality standards because of their increased viscosity and higher quantities of contaminants including metals, nitrogen and sulfur.
Catalysts that have been hydrotreated are essential to this process because they make it easier to remove contaminants by hydrogenation, which raises the yield and overall quality of refined products made from heavy crude oil. The rising demand for petrochemical feedstocks and transportation fuels on a globally scale is one important factor. The demand for heavy oil resources is increasing as traditional light crude oil stocks run out.
Growing Demand for Hydrotreating Catalysts in the Refining Industry in Asia-Pacific
Asia-Pacific has been a dominant force in the global hydrotreating catalysts market. Growth in the global hydrotreating catalysts market is mostly due to the Asia-Pacific. The fast industrialization of nations like China and India has raised the demand for refined petroleum products, which in turn has increased the need for effective hydrotreating catalysts in the refining industry.
The market for hydrotreating catalysts is anticipated to develop as these economies continue to expand and consumers want cleaner, higher-quality fuels. The rising energy demand brought on by urbanization and population increase. Diesel and gasoline are among the refined products that are in greater demand due to rising energy demands; thus, hydrotreating catalysts are required for the product to achieve quality standards.
For Instance, in 2024, L&T Heavy Engineering's MRU unit completed projects for HPCL's Mumbai Refinery Expansion Project, increasing capacity to 9.5 MMTPA for BS-VI-compliant fuels. The MRU team achieved the concurrent shutdown of four crucial plants, namely Atmospheric Pipe Still, Naphtha Stabilizing Unit, Continuous Catalyst Regenerator and Fluid Catalytic Cracking Unit at HPCL's Mumbai Refinery. Meticulous pre-shutdown work in the operational refinery and strategic modifications of critical components minimized risks and ensured a seamless shutdown. The successful project aligns with HPCL's goals for refinery expansion and environmental compliance.
In another instance, in 2021, Numaligarh Refinery Ltd., a subsidiary of Bharat Petroleum Corporation Ltd., selected Axens for its Numaligarh Refinery Expansion Project (NREP) in Assam, India. The expansion aims to increase the refinery capacity from 3 million to 9 million tons per year by adding a new 6 million ton/yr refinery at the existing location. Axens will provide advanced technologies for the gasoline block in this significant project.
The COVID-19 pandemic has somewhat impacted the global market for hydrotreating catalysts. The demand for and output of hydrotreating catalysts has been greatly impacted by the general economic recession, supply chain, and industrial interruptions. Lockdowns and travel restrictions led to a reduction in the market for refined goods, which in turn affected the requirement for hydrotreating catalysts in the refining process. The was especially true for the oil and gas industry.
Additionally, the oil and gas industry experienced delayed project completion and postponed investment choices due to the uncertainty regarding the scope and length of the epidemic. The market for catalysts used in hydrotreating processes was negatively impacted by the widespread reduction in operations or temporary shutdown of units by several refineries globally.
The reduction in globally oil prices, resulting from a decrease in demand and an excess of crude oil, has introduced intricacy to the market dynamics and affected the investment environment for producers of catalysts. The pandemic also highlighted how crucial supply chains' resilience and agility are. Hydrotreating catalyst production and delivery were affected by labor, transportation and raw material disruptions.
Additionally, to maintain the continuity of their activities, businesses in the industry had to overcome logistical obstacles and put safety measures in place. In the future, the market for hydrotreating catalysts is anticipated to grow as the globe progressively recovers from the pandemic. It will be fueled by a rise in refining operations as well as an increased focus on sustainability and environmental standards in the oil and gas sector.
The global market for hydrotreating catalysts may be significantly impacted by the start of hostilities between Russia and Ukraine. In the energy industry, both nations are vital, especially in the extraction and refinement of gas and oil. Russia has a significant influence on the world's energy markets as one of the main producers of gas and oil globally. Despite not being as significant, Ukraine remains a crucial nation for the transportation of Russian gas to Europe.
The energy supply system may be disrupted in the case of a conflict or geopolitical tensions between these two countries. The might influence the price and availability of natural gas and crude oil, which would be immediately felt by the petrochemical and refining sectors that depend significantly on these feedstocks. To remove impurities and improve the quality of refined goods, the hydrotreating catalyst is a crucial step in the refining process.
Furthermore, trade relations and supply chains in the energy sector may be impacted by geopolitical unpredictability and prospective economic penalties. The world energy scene may become much more complex if sanctions are placed on Russia, a significant source of natural gas and crude oil. Due to this uncertainty, firms may reconsider their supply chain strategies and look into alternate sources, which might result in strategic alterations in the hydrotreating catalysts market.
The major global players in the market include Albemarle Corporation, BASF SE, Haldor Topsoe A/S, Shell, Axens, Honeywell UOP LLC, Clariant, Johnson Matthey, Sinopec Catalyst Co., Ltd. and Grace Catalysts Technologies.
The global hydrotreating catalysts market report would provide approximately 78 tables, 76 figures and 206 Pages.
Target Audience 2024
LIST NOT EXHAUSTIVE