Dallas, TX -- (ReleaseWire) -- 02/19/2014 -- For recent two years, under the affection of the promotion of new fuel standard, the oil refiner use large of the heavy and inferior raw materials, the expansion of oil refining capacity and other factors, the oil refining catalyst has strong growth momentum.
In 2013, the global oil refining catalyst market scale reached USD 3.13 billion with the average annual growth of 2%. Among that, the hydrogenation catalyst had the scale of USD 1.066 billion with the average annual growth of 2.36%; the FCC catalyst had the scale of USD 907 million with the average annual growth of 0.71%; the hydrogenation cracking catalyst had the scale of USD 251 million with the average annual growth of 6.22%; the naphtha reforming catalyst had the scale of USD 149 million with the average annual growth of 1%.
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At present, there are only a few oil refining catalyst manufacturing enterprises with the designated scale above in China; about 60% of oil refining catalysts are produced by China Petroleum & Chemical Corporation (Sinopec) and its affiliated companies; 30% of the oil refining catalysts are produced by China National Petroleum Corporation (CNPC) and its affiliated companies. Currently, China’s major oil refining catalyst manufacturing enterprises include Catalyst Plant of Sinopec Changling Refining Co., Ltd., the Catalyst Plant of Sinopec Qilu Co., Ltd., the Catalyst Plant of CNPC Lanzhou Oil Refining Catalyst Factory and the Catalyst Plant of CNPC Fushun Oil No.3 Factory. In addition, the US’s GRAC, ENGEHARD and Holland’s AKZO also occupy some market shares in China, but the shares are small, which doesn’t form the large threat to Chinese domestic enterprises in China’s market.
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In 2013, the production capacity of oil refining catalyst reached 223,000 tons per year. China’s major oil refining catalyst type is FCC catalyst, accounting for 79% of the total production capacity of oil refining catalysts; China also produces the hydrogenation cracking, hydrogenation processing and catalytic catalysts.
For recent years, under the affection of environmental protection, the decline of the crude oil quality and other factors, the demand for catalysts has shown the rapid growing trend. Since 2006, the global leading FCC catalyst suppliers haven’t made the large expansion transformation of production capacity, so the catalyst output doesn’t have the great increase and the supply & demand contradiction gradually emerges, which offers the good external market conditions for the development and capacity expansion of China’s oil refining catalyst industry; therefore, the market has the good development prospects. It is estimated that China’s oil refining catalyst will keep the rapid growth trend in the next five years; the supply capacity of oil refining catalysts will reach 350,000 tons by 2018.
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