Scope of the Study
Catalytic isomerization is used to convert n-butane to isobutane, that may alkylated to liquid hydrocarbons . This process is used to convert relatively low octane number paraffin's to desirable isoparaffin's which have high octane number. These catalyst are used in refineries, petrochemical plants, and gas processing plants. The end use industry has continued to increase in commercial application, as the world demand for gasoline and petrochemicals has experienced steady growth over the past decade. There are two types of isomerization catalysts that are the standard with high chlorine content, which is considered quite active, and the zeolite catalyst.
The market study is being classified by Type (Standard Isomerization Catalyst and Zeolite Catalyst), by Application (Refineries, Petrochemical, Gas Processing, Polymer Manufacturing and Others) and major geographies with country level break-up.
CRI Catalyst (United States), Honeywell International (United States), Zeolyst International (United States), SIE Neftehim (Russia), BASF (Germany), Sinopec Catalyst (China), GTC Technology (United States), Albemarle Corporation (United States), Haldor Topsoe A/S (Denmark), Royal Dutch Shell PLC (Netherlands), Clariant AG (Switzerland), Merck KGaA, Darmstadt (Germany) and Johnson Matthey (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are JGC Catalysts and Chemicals (Japan) and Anten Chemical Co., Ltd (China).
The companies are now exploring the market by adopting merger & acquisition, expansion, investments, new development in existing products and collaboration as their preferred strategies. The players are also exploring new geographies and industries through expansion and acquisition so as to avail a competitive advantage through combined strategies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Isomerization Catalyst market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Isomerization Catalyst market by Type, Application and Region.
On the basis of geography, the market of Isomerization Catalyst has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Use of Refinery Catalyst in Clean Fuel Technologies and Emission Control to Reduce Air Pollution
- Increasing Demand from Rapidly Growing Industries such as the Oil & Gas Industry and Automotive Industry
- Increasingly stringent regulations have been enacted in most regions of the world, driving the increased demand for clean fuels
- Growing Adoption of petroleum feedstocks in the ethylene, propylene, and butadiene in North America, particularly in the United States
- Presence of Alternative Energy
- Volatility in Prices of Raw Material
- Increasing Investment in Refineries will further increase the demand for Refinery Catalyst
- Increasing the demand from Middle East Region due to High Oil and Gas Exploration Activities
Market Leaders and their expansionary development strategies
On January 31, 2020 - BASF closed the acquisition of Solvay’s polyamide business. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility. and On October 31, 2019 - Albemarle announces completion of lithium joint venture with mineral resources limited. The joint venture between Albemarle and MRL, respectively, is named MARBL Lithium Joint Venture ("MARBL").
Key Target AudienceManufacturers of Isomerization Catalyst, Raw Material Supplier, Distributors and Suppliers of Isomerization Catalyst, Oil & Gas Industry, Chemical Industry and Regulatory Bodies
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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