Market Overview
Catalyst handling services are specialist services that handle and manage catalysts used in a variety of industrial processes. Catalysts are chemicals that aid or accelerate chemical processes without being consumed. They are widely employed in refining petroleum, petrochemicals, chemicals, and medicines. Solid catalysts, such as granules or pellets, and liquid catalysts are examples of these materials.
In recent years, the industry has developed to accept and desire off-site regeneration of many catalysts, particularly hydroprocessing catalysts. It is owing to a variety of variables, including improved safety and efficiency, as well as higher catalyst activity recovery. A variety of services, including catalyst handling, are now available to assist refiners manage unit shutdowns and restarts, as well as off-site regeneration. Furthermore, spent catalyst disposal is shifting toward more ecologically friendly recycling alternatives. Furthermore, the availability of catalyst services enables plant operators to examine their catalytic units in a more optimal, best-suited manner.
Market Size and Growth Rate:
The Global Catalyst Handling Services Market reached US$ 572.4 million in 2022 and is expected to reach US$ 821.4 million by 2030, growing at a CAGR of 4.6% during the forecast period 2023-2030. The rising industrialization across sectors such as petroleum refining, petrochemicals, chemicals, and pharmaceuticals is driving the demand for catalysts.
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Market Drivers: Stringent environmental regulations
Tight environmental regulations are a major driver of the market expansion for catalyst handling services. Stricter laws are being imposed globally by governments and regulatory agencies in an effort to lower emissions and encourage sustainable activities. These laws mandate that businesses use cutting-edge catalysts and adhere to strict emission guidelines.
For example, some nations have put laws into place to lower the amount of sulfur in fuels used for transportation in the oil refining sector. Refineries must use catalysts in their refining operations to efficiently remove sulfur compounds in order to comply with these rules. Refineries may ensure optimum performance and compliance with emission rules by hiring catalyst handling services to help manage and maintain these catalysts.
Catalyst Handling Services Market Challenges:
The technological complexity of catalyst systems and processes presents a barrier to the market for catalyst handling services. A new service provider or industry that wants to manage catalysts internally may not have access to the specific knowledge and abilities needed to handle catalysts successfully.
Catalyst Handling Services Market Opportunities
Biofuels are a great source of energy and are frequently regarded as a possible replacement for fossil fuels. They're made from renewable resources including plants, municipal garbage, crops, and agricultural and forestry byproducts. Because of their sustainable and environmentally friendly nature, high combustion efficiency, high flash point, high cetane number, lower CO2 emission, lower sulfur content, and better lubrication, biofuels such as biodiesel have received significant attention as an alternative fuel in the research field over the last few decades. Large multinational firms have begun to alter their strategy in response. Repsol, a Spanish oil corporation, has identified biofuels as a near-term possibility for the marine and aviation sectors. Repsol intends to convert its existing refineries into renewable energy generation facilities; the business has invested in its Bilbao plant. Furthermore, Shell, BP, Total, and Eni have announced ambitions to increase biofuel output by 2030 while lowering their worldwide oil refining footprints. The generation of renewable and biodegradable fuels is projected to alter the character of refinery feedstocks. These feedstocks will need more pre-treatment, perhaps increasing the frequency of catalyst replacement during processing. As a result, the rise of biofuel technology opens up new opportunities for catalyst-handling service providers.
Catalyst Handling Services Market Segment Analysis:
The global catalyst handling services market is segmented by service into by catalyst loading/unloading, catalyst screening, segregation & storage, catalyst transport & handling, spent catalyst handling and others; by end-user into refinery, chemical & fertilizer, petrochemical and others.
- Based on the service, the catalyst loading/unloading segment dominates the overall demand for catalyst processing services. The catalyst may be moved from the ground to the reactor by loading the catalyst. A system called catalyst unloading disposes of used catalysts in accordance with correct operating practices such as hot spot testing, coke production, and contamination testing.
Global Catalyst Handling Services Market Geographical Analysis:
The global Catalyst Handling Services market is segmented into North America, Europe, South America, Asia Pacific, Middle East and Africa.
Rapid expansion in the refinery and petrochemical industry will boost the demand for catalyst-handling services in Asia-Pacific.
Collectively, India imported US$140.3 million of Catalyst from 26 countries in 2020-2021 (Apr-Nov) and US$ 189.42 Million in 2018, which is up by 15.7% from the Catalyst imported into India in 2017. In 2017, 32 countries exported around 12,809,390 quantities of Catalyst to India, while in 2018, India's Catalyst import accounts for 13.603,400 quantities from 31 countries.
By 2025, India plans to increase its refining capacity by more than half, to 8 million barrels per day. According to industry consultancy Wood Mackenzie, Asia will add more than half of the refining capacity between 2019 and 2027, with 70% to 80% of that capacity concentrated on plastics. As a result, more ethylene capacity is likely to be added throughout Asia, particularly China, over the next decade.
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Competitive Landscape:
The major players in the Catalyst Handling Services Market include
- ANABEEB,
- Specialty Welding and Turnarounds
- Catalyst Handling Resources
- Dickinson Group of Companies
- Plant-Tech Group
Catalyst Handling Resources:
Catalyst Handling Resources LLC (CHR) provides quality Catalyst Handling, Mechanical and related Specialized Services to Refinery, Gas, Petrochemical, Gas Separation, Fertilizer, Acid and LNG Plants throughout the USA and internationally. CHR personnel are highly qualified and experienced.
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