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Refinery Process Chemicals Market Share

Report ID: GMI9257
Published Date: Apr 2024
Report Format: PDF

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Refinery Process Chemicals Market Share

Refinery Process Chemicals Market Company Share, 2023

Refinery process chemicals manufacturers are strategizing to meet evolving market demands by focusing on innovation, sustainability, and customization. They are investing in research and development to develop eco-friendly additives tailored to specific refining processes, aiming to enhance efficiency and reduce environmental impact. Moreover, manufacturers are strengthening their partnerships with refineries to offer comprehensive solutions and improve customer support. Additionally, they are leveraging digital technologies for real-time monitoring and optimization, ensuring product quality and regulatory compliance while maintaining a competitive edge in the market.

Refinery Process Chemicals Market Companies

Major players operating in the global market include:

BASF SE
Berry Chemicals
Buckman
Cestoil
Chemiphase
Chevron Phillips Chemical Company LLC
Clariant AG
Dow
Exxon Mobil
Lubrizol

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for refinery process chemicals was USD 4.8 billion in 2023 and is projected to depict over 4.4% CAGR from 2024 to 2032, due to the increasing demand for high-performance additives to improve refining efficiency and reduce emissions.

The catalyst segment in the refinery process chemicals industry recorded USD 1.5 billion in revenue in 2023 owing to the increasing adoption to optimize various processes like hydrocracking, catalytic cracking, and hydrotreating.

Asia Pacific industry size was USD 1.6 billion in 2023 and is predicted to grow at significant rate between 2024 and 2032, on account of the growing demand for eco-friendly additives and catalysts to minimize environmental impacts.

BASF SE, Berry Chemicals, Buckman, Cestoil, Chemiphase, Chevron Phillips Chemical Company LLC, Clariant AG, Dow, Exxon Mobil, and Lubrizol are some of the key refinery process chemicals companies worldwide.