Global Refinery Process Additives Market Growth 2023-2029

Global Refinery Process Additives Market Growth 2023-2029

Refinery Process Additives market. Refinery process additives (RPA) are the chemicals used to enhance the performance of fuel by meeting the fuel specifications setup by government authorities. These additives are added at the time of refinery process as well as can be used to recuperate the performance of particular end product specification such as diesel or gasoline. The Refinery Process Additives products are used in various refinery processes such as distillation process, reformer system, cracker, coker, filling plant process, catalytic reforming, desulfurization, vacuum distillation and so on. These products are only used by oil and gas industry.

LPI (LP Information)' newest research report, the “Refinery Process Additives Industry Forecast” looks at past sales and reviews total world Refinery Process Additives sales in 2022, providing a comprehensive analysis by region and market sector of projected Refinery Process Additives sales for 2023 through 2029. With Refinery Process Additives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Refinery Process Additives industry.

This Insight Report provides a comprehensive analysis of the global Refinery Process Additives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Refinery Process Additives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Refinery Process Additives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Refinery Process Additives and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Refinery Process Additives.

The global Refinery Process Additives market size is projected to grow from US$ 1614.1 million in 2022 to US$ 2145.5 million in 2029; it is expected to grow at a CAGR of 2145.5 from 2023 to 2029.

Global Refinery Process Additives key players include BASF, Nalco Company, Grace Catalysts Technologies, GE Water, Clariant, etc. Global top five players hold a share about 40%.

Europe is the largest market, with a share about 25%, followed by North America and China, having a total share about 40 percent.

In terms of product, Extend Operating Cycle and Reduce Energy Consumption Additives is the largest segment, with a share about 65%. And in terms of application, the largest application is Crude Oil Processing, followed by Fluid Catalytic Cracking, Hydroprocessing, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Refinery Process Additives market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Product Quality Improvement Additives

Environmental Protection Additives

Extend Operating Cycle and Reduce Energy Consumption Additives

Raw Oil Quality and Catalytic Activity Improvement Additives

Product Distribution Improvement Additives

Segmentation by application

Crude Oil Processing

Fluid Catalytic Cracking

Hydroprocessing

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

BASF

Nalco Company

SUEZ(GE Water)

Cestoil

Dorf Ketal Chemicals

Clariant

Arkema

Baker Hughes

Albemarle

Grace Catalysts Technologies

Johnson Matthey (Intercat)

Evonik Industries

Dow

GPXC

Jiangsu Taihu New Materials

Xingyun Chem

Jiangsu Innovative Ecological New Materials

Key Questions Addressed in this Report

What is the 10-year outlook for the global Refinery Process Additives market?

What factors are driving Refinery Process Additives market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Refinery Process Additives market opportunities vary by end market size?

How does Refinery Process Additives break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.