Portland, OR -- (SBWire) -- 07/10/2017 --Catalyst are chemicals added in small amounts to speed-up the conversion of raw materials into products. These chemicals do not undergo any changes during the process. They are differentiated based on their phase and the phase of the reactants. They are also categorized based on the processes they are used for. They find application across all industry segments, such as refinery, petrochemicals, chemicals, and foods. With the increased demand for green technologies, catalysts play a very significant role in petroleum refinery operations. Furthermore, key refinery processes such as cracking, hydro processing, and reforming, require the presence of catalysts.

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Growth in energy demand drives the global oil & gas catalyst. The increased demand for catalyst at high temperatures in fluid catalytic crackers to raise octane rating of gasoline is another factor surging the market growth. In addition, increase in R&D activities to improve the overall quality of catalysts also leads to the growth of the market. However, advancements in technology in chemical synthesis reduces the demand for catalyst, thereby restraining the market growth.

The global oil & gas catalyst market is segmented based on ingredients, application, and geography. By ingredients, the market is classified into zeolites, precious metals, rare earth metals, transition metals, and others. Zeolites is further bifurcated into natural and synthetic. Precious metal is further categorized into platinum, palladium, rhodium, and gold. Transition metals is sub-divided into molybdenum, tungsten, cobalt, and nickel, while the others segment includes sulfuric acid and calcium carbonate. By Application, the market is divided into hydrogen production, hydro processing, purification, gas processing, and fluid catalytic cracking. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key market players in this sector include Albemarle Corporation, Arkema SA, The Dow Chemical Company, Exxon Mobil Chemical Corporation, Clariant AG, Evonik Industries, Chevron Phillips Chemical Company, and Honeywell International.

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Oil & Gas Catalyst Market Key Segments:

By Ingredient

Zeolites
- Natural
- Synthetic

Precious Metals
- Platinum
- Palladium
- Rhodium
- Gold

Rare Earth Metals

Transition Metals
- Molybdenum
- Tungsten
- Cobalt
- Nickel

Others
- Sulfuric Acid
- Calcium Carbonate

By Application

- Hydrogen Production
- Hydro processing
- Purification
- Gas Processing
- Fluid Catalytic Cracking

By Geography

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- Spain
- UK
- Russia
- France
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Australia
- Korea
- Rest of Asia-Pacific

LAMEA
- Brazil
- Turkey
- South Africa
- Rest of LAMEA