Refinery Catalyst Market Outlook:
Refinery Catalyst Market size was valued at USD 6.2 billion in 2025 and is likely to cross USD 9.36 billion by 2035, registering more than 4.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of refinery catalyst is estimated at USD 6.43 billion.
The market is expanding due to an increase in demand for clean fuels and higher refinery performance. Increased regulations, including reducing sulfur and nitrogen contents in fuels, promote the use of more sophisticated catalysts underpinned by tighter environmental standards. In addition, the overall increase in global oil and refined product consumption will force refineries to work at their optimum levels, consequently increasing demand for more efficient and selective refinery catalyst in the coming years.
The government initiatives are speeding up the cleaner energy advancement rate, driving the market for refinery catalyst. Global fuel sulfur regulations are further stated in a report by the International Energy Agency (IEA) in 2023, where it is reported that the demand for hydroprocessing catalysts is on the rise. This opens opportunities for companies in the sector to capitalize and expand. Moreover, in 2023, the biofuel capacity of the U.S. expanded by 1.7 billion gallons, spurred by government mandates for distributors to lower dependence on fossil fuels.
