The global refinery process additives market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The major factors driving the growth of this market are increasing demand for high-quality products and increasing demand for energy-efficient processes in refineries.
Product quality improvement additives are expected to be the fastest growing segment in the global refinery process additives market, with a CAGR of 5.6% from 2021 to 2030, followed by environmental protection additives (CAGR: 4%), extend operating cycle and reduce energy consumption additives (CAGR: 3%), raw oil quality & catalytic activity improvement additives (CAGR: 2%) and product distribution improvement additives (CAGR: 1%).
Crude oil processing is expected to be the largest application segment in this market, accounting for over 50% share of revenue in 2018. This is due to increased demand for high-quality products from downstream industries such as petrochemicals and plastics manufacturing industries which require crude oil processing as an input material.
Some Of The Growth Factors Of This Market:
- The increasing demand for refined petroleum products is a major factor driving the growth of the market.
- The increasing demand for fuel-efficient vehicles is also a major factor driving the growth of the market.
- The growing number of automobiles in emerging economies such as China and India is another factor that will drive the growth of this market in future years.
- Increasing environmental concerns are also expected to drive this market's growth in future years, as more stringent regulations are imposed on refineries to reduce emissions and improve air quality around these facilities, which will require them to use more additives during their refining process to meet these new standards.
- Increasing government regulations on fuel quality and specifications are also expected to drive this market's growth in future years.
Industry Growth Insights published a new data on “Refinery Process Additives Market”. The research report is titled “Refinery Process Additives Market research by Types (Product Quality Improvement Additives, Environmental Protection Additives, Extend Operating Cycle and Reduce Energy Consumption Additives, Raw Oil Quality & Catalytic Activity Improvement Additives, Product Distribution Improvement Additives), By Applications (Crude Oil Processing, Fluid Catalytic Cracking, Hydroprocessing, Other), By Players/Companies Nalco Company, SUEZ Water Technologies & Solutions, Cestoil, Dorf Ketal Chemicals, Clariant, Arkema, GE(Baker Hughes), Albemarle, Grace Catalysts Technologies, Johnson Matthey (Interact), Evonik Industries, DowDuPont, Sinopec, CNPC, GPXC, Jiangsu Taihu New Materials, Xingyun Chem”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Refinery Process Additives Market Research Report
By Type
Product Quality Improvement Additives, Environmental Protection Additives, Extend Operating Cycle and Reduce Energy Consumption Additives, Raw Oil Quality & Catalytic Activity Improvement Additives, Product Distribution Improvement Additives
By Application
Crude Oil Processing, Fluid Catalytic Cracking, Hydroprocessing, Other
By Companies
Nalco Company, SUEZ Water Technologies & Solutions, Cestoil, Dorf Ketal Chemicals, Clariant, Arkema, GE(Baker Hughes), Albemarle, Grace Catalysts Technologies, Johnson Matthey (Interact), Evonik Industries, DowDuPont, Sinopec, CNPC, GPXC, Jiangsu Taihu New Materials, Xingyun Chem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Refinery Process Additives Market Report Segments:
The global Refinery Process Additives market is segmented on the basis of:
Types
Product Quality Improvement Additives, Environmental Protection Additives, Extend Operating Cycle and Reduce Energy Consumption Additives, Raw Oil Quality & Catalytic Activity Improvement Additives, Product Distribution Improvement Additives
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Crude Oil Processing, Fluid Catalytic Cracking, Hydroprocessing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nalco Company
- SUEZ Water Technologies & Solutions
- Cestoil
- Dorf Ketal Chemicals
- Clariant
- Arkema
- GE(Baker Hughes)
- Albemarle
- Grace Catalysts Technologies
- Johnson Matthey (Interact)
- Evonik Industries
- DowDuPont
- Sinopec
- CNPC
- GPXC
- Jiangsu Taihu New Materials
- Xingyun Chem
Highlights of The Refinery Process Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Product Quality Improvement Additives
- Environmental Protection Additives
- Extend Operating Cycle and Reduce Energy Consumption Additives
- Raw Oil Quality & Catalytic Activity Improvement Additives
- Product Distribution Improvement Additives
- By Application:
- Crude Oil Processing
- Fluid Catalytic Cracking
- Hydroprocessing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refinery Process Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refinery process additives are chemicals that are used in the refining of petroleum products. These additives help to improve the quality of the product, by reducing costs or increasing performance.
Some of the key players operating in the refinery process additives market are Nalco Company, SUEZ Water Technologies & Solutions, Cestoil, Dorf Ketal Chemicals, Clariant, Arkema, GE(Baker Hughes), Albemarle, Grace Catalysts Technologies, Johnson Matthey (Interact), Evonik Industries, DowDuPont, Sinopec, CNPC, GPXC, Jiangsu Taihu New Materials, Xingyun Chem.
The refinery process additives market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Refinery Process Additives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Refinery Process Additives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Refinery Process Additives Market - Supply Chain
4.5. Global Refinery Process Additives Market Forecast
4.5.1. Refinery Process Additives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Refinery Process Additives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Refinery Process Additives Market Absolute $ Opportunity
5. Global Refinery Process Additives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Refinery Process Additives Market Size and Volume Forecast by Type
5.3.1. Product Quality Improvement Additives
5.3.2. Environmental Protection Additives
5.3.3. Extend Operating Cycle and Reduce Energy Consumption Additives
5.3.4. Raw Oil Quality & Catalytic Activity Improvement Additives
5.3.5. Product Distribution Improvement Additives
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Refinery Process Additives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Refinery Process Additives Market Size and Volume Forecast by Application
6.3.1. Crude Oil Processing
6.3.2. Fluid Catalytic Cracking
6.3.3. Hydroprocessing
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Refinery Process Additives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Refinery Process Additives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Refinery Process Additives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Refinery Process Additives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Refinery Process Additives Demand Share Forecast, 2019-2026
9. North America Refinery Process Additives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Refinery Process Additives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Refinery Process Additives Market Size and Volume Forecast by Application
9.4.1. Crude Oil Processing
9.4.2. Fluid Catalytic Cracking
9.4.3. Hydroprocessing
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Refinery Process Additives Market Size and Volume Forecast by Type
9.7.1. Product Quality Improvement Additives
9.7.2. Environmental Protection Additives
9.7.3. Extend Operating Cycle and Reduce Energy Consumption Additives
9.7.4. Raw Oil Quality & Catalytic Activity Improvement Additives
9.7.5. Product Distribution Improvement Additives
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Refinery Process Additives Demand Share Forecast, 2019-2026
10. Latin America Refinery Process Additives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Refinery Process Additives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Refinery Process Additives Market Size and Volume Forecast by Application
10.4.1. Crude Oil Processing
10.4.2. Fluid Catalytic Cracking
10.4.3. Hydroprocessing
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Refinery Process Additives Market Size and Volume Forecast by Type
10.7.1. Product Quality Improvement Additives
10.7.2. Environmental Protection Additives
10.7.3. Extend Operating Cycle and Reduce Energy Consumption Additives
10.7.4. Raw Oil Quality & Catalytic Activity Improvement Additives
10.7.5. Product Distribution Improvement Additives
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Refinery Process Additives Demand Share Forecast, 2019-2026
11. Europe Refinery Process Additives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Refinery Process Additives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Refinery Process Additives Market Size and Volume Forecast by Application
11.4.1. Crude Oil Processing
11.4.2. Fluid Catalytic Cracking
11.4.3. Hydroprocessing
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Refinery Process Additives Market Size and Volume Forecast by Type
11.7.1. Product Quality Improvement Additives
11.7.2. Environmental Protection Additives
11.7.3. Extend Operating Cycle and Reduce Energy Consumption Additives
11.7.4. Raw Oil Quality & Catalytic Activity Improvement Additives
11.7.5. Product Distribution Improvement Additives
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Refinery Process Additives Demand Share, 2019-2026
12. Asia Pacific Refinery Process Additives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Refinery Process Additives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Refinery Process Additives Market Size and Volume Forecast by Application
12.4.1. Crude Oil Processing
12.4.2. Fluid Catalytic Cracking
12.4.3. Hydroprocessing
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Refinery Process Additives Market Size and Volume Forecast by Type
12.7.1. Product Quality Improvement Additives
12.7.2. Environmental Protection Additives
12.7.3. Extend Operating Cycle and Reduce Energy Consumption Additives
12.7.4. Raw Oil Quality & Catalytic Activity Improvement Additives
12.7.5. Product Distribution Improvement Additives
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Refinery Process Additives Demand Share, 2019-2026
13. Middle East & Africa Refinery Process Additives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Refinery Process Additives Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Refinery Process Additives Market Size and Volume Forecast by Application
13.4.1. Crude Oil Processing
13.4.2. Fluid Catalytic Cracking
13.4.3. Hydroprocessing
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Refinery Process Additives Market Size and Volume Forecast by Type
13.7.1. Product Quality Improvement Additives
13.7.2. Environmental Protection Additives
13.7.3. Extend Operating Cycle and Reduce Energy Consumption Additives
13.7.4. Raw Oil Quality & Catalytic Activity Improvement Additives
13.7.5. Product Distribution Improvement Additives
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Refinery Process Additives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Refinery Process Additives Market: Market Share Analysis
14.2. Refinery Process Additives Distributors and Customers
14.3. Refinery Process Additives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nalco Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SUEZ Water Technologies & Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cestoil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dorf Ketal Chemicals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Clariant
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arkema
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GE(Baker Hughes)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Albemarle
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Grace Catalysts Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Johnson Matthey (Interact)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Evonik Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. DowDuPont
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sinopec
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. CNPC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GPXC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Jiangsu Taihu New Materials
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Xingyun Chem
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
