Global Catalyst Regeneration Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Catalyst Regeneration Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Catalyst Regeneration market finds that the global Catalyst Regeneration market reached a value of USD 3416.16 million in 2022. It’s expected that the market will achieve USD 4744.91 million by 2028, exhibiting a CAGR of 5.63% during the forecast period.

Market Drivers

Catalysis plays an important role in promoting economic and technological development. According to reports, at some point, catalysis involves the processing of more than 80% of all manufactured products. In an advanced industrialized society, the development of chemical products can only be achieved technically, economically and ecologically through specific catalysts. So, without a catalyst, the modern industrial world is unimaginable. Although the catalyst is theoretically reusable, in fact, excessive use may cause the catalyst to be poisoned and cause the catalyst to lose its activity. Certain materials such as precious metal catalysts are rapidly consumed, which may restrict the development of modern society. Therefore, there is a great demand for catalyst regeneration.

Market Constraints and Challenges

In recent years, in order to prevent environmental pollution, reduce investment in reactors and regeneration facilities, and better restore activity, especially for sulfide catalysts used for hydrogenation and hydrocracking, a number of catalyst regeneration plants have been established to specifically perform catalyst regeneration. However, after the regenerated catalyst is regenerated, the composition and structure of the regenerated catalyst, in fact, cannot be completely restored to the original state. Therefore, the efficiency of the regenerated catalyst is generally lower than that of the new catalyst.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview

Eurecat (Albemarle, IFP Investissements) is one of the major players operating in the Catalyst Regeneration market, holding a share of 54.24% in 2020.

Eurecat Group is a company that provides customers with innovative customized solutions, quality services and expertise to achieve the best catalyst performance. Each Eurecat company involved in off-site catalyst services is located near the main refining and petrochemical fields, and has its own marketing, logistics, laboratories, factories, and storage facilities. The company mainly serves customers in Americas, Europe, the Middle East and Asia. This company is the sub-company of Albemarle and IFP Investissements.

Porocel is a supplier of catalyst services, as well as a supplier of activated alumina, specialty adsorbents and carriers. Porocel has five production bases around the world and can provide comprehensive and broad-based products and services for the refining and petrochemical industries.

Segmentation Overview:

Among different product types, Off-site Regeneration segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Hydrogenation segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Catalyst Regeneration market covered in Chapter 3:

Cormetech
Porocel
Nippon Ketjen
Eurecat (Albemarle, IFP Investissements)
Axens
Haldor Topsoe

In Chapter 4 and Chapter 14.2, on the basis of types, the Catalyst Regeneration market from 2018 to 2029 is primarily split into:

Off-site Regeneration
On-site Regeneration

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Catalyst Regeneration market from 2018 to 2029 covers:

Reforming
Hydrogenation
Alkylation
Hydrocracking
Hydrodesulfurization
Hydrotreatment

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)