Catalyst Regeneration Market

Catalyst Regeneration Market Outlook (2022-2032)

The current valuation of the market for catalyst regeneration is placed at US$ 5.5 billion and is forecasted to reach US$ 8.4 billion by 2032-end. Worldwide demand for catalyst regeneration services is predicted to increase at 4.3% CAGR from 2022 to 2032.

Catalysts are used in various chemical processes to accelerate the process without affecting the original outcome of the reaction. However, during their use, catalysts witness a decrease in their catalytic activity as other elements are deposited onto the catalyst and thereby contaminate it.

The catalyst regeneration process can restore the lost catalytic activity of catalysts to a certain extent and this helps in reducing waste and promoting the efficiency of chemical processes across several industry verticals. Rising focus on sustainability and the implementation of stringent environmental mandates by governments across the world are prime factors expected to boost demand for catalyst regeneration systems over the coming years.

Increasing demand for perchloroethylene in the petrochemicals industry is also a crucial factor that is expected to guide the demand for catalyst regeneration in the long run. The demand for perchloroethylene is high as it helps in the regeneration of catalysts in catalytic reformer and isomerization processes.

Rising investments in improving refinery capacity, flourishing chemical & petrochemical industries, growing demand for energy, and increasing use of sustainable solutions are other factors that indirectly favour demand for catalyst regeneration services. Conversely, the inability to regenerate the catalytic capacity of contaminated catalysts is expected to prove to be a major restraint for market development in the long run.

The Asia Pacific region is anticipated to be the largest regional market for catalyst regeneration services over the coming years owing to increasing industrialization and an uproar in demand for petroleum & chemical products. Rising investments by governments to promote economic growth and increasing focus on sustainability are other factors that could benefit the market in this region. Asia Pacific is also expected to provide a lucrative setting for the catalyst carriers market and the solid acid catalysts market in the future.

China is expected to lead the demand for catalyst regeneration products and services at a CAGR of 5.4% over the next ten years. The demand in this region can be attributed to the presence of a highly lucrative chemical processing industry and the presence of key chemical companies.

A complete regional, segmental, and country-wise analysis has been profiled in this brand-new catalyst regeneration research study by Fact.MR, a market research and competitive intelligence provider.

Report Attributes	Details
Market Size (2022)	US$ 5.5 Billion
Projected Market Value (2032F)	US$ 8.4 Billion
Global Market Growth Rate (2022-2032)	4.3% CAGR
Canada Market Growth Rate (2022-2032)	4.4% CAGR
Off-site Regeneration Segment Market Value (2032F)	US$ 3.8 Billion
United States Market Value (2022)	US$ 900 Million
On-site Regeneration Segment Market Growth Rate (2022-2032)	5% CAGR
Key Companies Profiled	BASF SE Nippon Ketgen Yokogawa Corporation of America Nel ASA CoaLogix Inc. Porocel Industries LLC Eurecat S.A. Tricat Industries Inc. STEAG Energy Services LLC CORMETECH Catalysts Europe Zibo Hengji Chemical Co. Ltd. Albemarle Corporation AMETEK Inc.

What Market Dynamics Will Sculpt the Future Demand for Catalyst Regeneration?

“Rising Focus on Improving Refining Capacity”

Focus on sustainability has led to many changes in the petroleum and chemical industries as they try to reduce their carbon footprint and improve efficiency to stay in business and profitable. Catalyst regeneration improves the overall efficiency of petrochemical establishments and improves the refining capacity of low-sulfur fuels, which are witnessing a hike in demand across the world.

Moreover, the stringent environmental norms implemented by governments that companies have to abide by to conserve the environment are also expected to promote the demand for catalyst regeneration services across the world.

“Inability to Regenerate Infected Catalysts”

Catalyst regeneration is an effective method that can help recycle and restore used catalysts to their previous catalytic capacity but, this method cannot be deployed for catalysts that are infected with certain elements such as silicon, vanadium, lead, arsenic, etc. The inability and ineffectiveness of the catalyst regeneration process to recover contaminated catalysts are expected to have a constraining effect on the overall market growth in the future.

Country-wise Insights

Why are Catalyst Regeneration Providers Targeting the United States?

“Increasing Need for Regeneration in Energy & Power Industry”

Demand for power and energy in the United States is increasing at a rapid pace owing to the growing population and rapid digitization and industrialization trends in the country. To meet this high power demand, there has been a significant increase in investments in the energy sector that is expected to benefit the growth of the catalyst regeneration market in the U.S.

Moreover, growing demand for clean energy, implementation of stringent environmental norms, and rising investments to improve efficiency in the oil & gas industry are other factors that could drive sales of catalyst regeneration control systems in the country. The market for catalyst regeneration in the United States in 2022 is expected to hold a value of US$ 900 million.

Why Could Japan & Korea Emerge as Bankable Markets for Catalyst Regeneration?

“Presence of Robust Chemical Manufacturing Industry”

Japan and Korea are home to some of the most significant chemical companies in the world and these countries are known all across the world to have a prominent chemical manufacturing industry. Moreover, increasing industrialization and supportive government initiative to boost economic growth are also expected to supplement the demand for catalyst regeneration over the coming years. In Japan, sales of catalyst regeneration products are predicted to increase at a CAGR of 3.4% from 2022 to 2032.

How Will Sustainability Shape the Future of the Market in Europe?

“Rising Focus on Sustainability Promoting Use of Catalyst Regeneration Methods”

Most European countries are implementing strict environmental laws to promote sustainability and conserve the environment, this is expected to be the primary factor driving market potential in the European region over the coming years. The presence of key chemical companies, increasing investments in the development of sustainable solutions, growing availability of clean energy, and rising use of hydrogen as a catalyst in this region are some of the prime factors that determine catalyst regeneration demand in the future.

Prime markets in this region are expected to be the United Kingdom and Germany over the coming years. From 2022 to 2032, the market for catalyst regeneration in Germany is slated to exhibit development at a 4.3% CAGR.

Category-wise Insights

Which Application is Slated to Decisively Alter Market Growth Path?

“Use of Catalyst Regeneration in Refineries & Chemical Industries”

Based on application, the market for catalyst regeneration is segmented into refineries, chemicals & petrochemicals, power & energy, environmental, and other applications.

Catalysts play a pivotal role in the petroleum and refinery industries as they are used to process crude oils and other products to obtain other refined elements. Rising investments in the petrochemical industry, increasing chemical manufacturing activity across the world, growing focus on improving refinery efficiency, and increasing use of sustainable methods in chemical and petroleum industries to reduce their carbon footprint are prime factors that are expected to promote the adoption of catalyst regeneration processes in refineries and chemical industries.

Why is On-site Regeneration Preferred by Companies?

“Low Costs Associated with On-site Regeneration”

On the basis of technology, the market for catalyst regeneration is segmented into on-site regeneration and off-site regeneration.

Off-site regeneration requires selling or outsourcing the spent catalysts (used catalysts) to a catalyst regenerator that regenerates it at a different site and then sells it back to the same company or other companies. This is convenient for companies that cannot bear additional costs and cannot afford to install infrastructure for continuous catalyst regeneration. Demand for off-site regeneration is projected to increase at a CAGR of 4.2% and is estimated to account for a revenue valuation of US$ 3.8 billion by the end of 2032.

Meanwhile, key chemical and petrochemical companies are setting up catalyst regeneration systems at their establishments to fast-track the regeneration process and reduce outsourcing costs hence, improving profitability. Citing this key development, the demand for on-site regeneration is expected to rise at a 5% CAGR over the next ten years.

Competitive Landscape

Key players in the catalyst regeneration market landscape are focusing on improving their service standards and widening their business scope. The market is nearing consolidation with prime catalyst regeneration companies accounting for dominant market shares and this could create difficulties for new entrants in the industry over the coming years.

• In July 2021, BASF, a leading name in the global chemical industry landscape announced the acquisition of Zodiac Enterprises LLC, a company based in Texas, United States that recycles precious metals from industrial scrap that are used as chemical catalysts. Through this acquisition, BASF has widened its chemical catalyst recycling capacity.

Segments of Catalyst Regeneration Industry Research

• By Technology :

  • Off-site Regeneration
  • On-site Regeneration

• By Application :

  • Refineries
  • Chemicals & Petrochemicals
  • Power & Energy
  • Environmental
  • Other Applications

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA