PUBLISHER: The Business Research Company | PRODUCT CODE: 1664389
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664389
Hydrodesulfurization catalysts (HDS) are catalysts employed in the hydrodesulfurization process, a chemical procedure wherein organosulfur compounds are eliminated over heterogeneous catalysts during the petroleum refining process.
The primary categories of hydrodesulfurization catalysts include cobalt-molybdenum, nickel-based, and others. Cobalt-Molybdenum is an alloy derived from cobalt and molybdenum, serving as a catalyst in the chemical industry. It has a melting point of 2610°C and a density of 10.2 g/cm3. Due to its relatively low melting point and density, it is utilized in the hydrodesulfurization of crude oil to eliminate organic sulfur components. This catalyst finds application in various feedstocks such as natural gas, naphtha, heavy oil, diesel oil, kerosene, and others within the petrochemical and natural gas processing industries.
The hydrodesulfurization catalysts market research report is one of a series of new reports from The Business Research Company that provides hydrodesulfurization catalysts market statistics, including hydrodesulfurization catalysts industry global market size, regional shares, competitors with a hydrodesulfurization catalysts market share, detailed hydrodesulfurization catalysts market segments, market trends and opportunities, and any further data you may need to thrive in the hydrodesulfurization catalysts industry. This hydrodesulfurization catalysts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hydrodesulfurization catalyst market size has grown strongly in recent years. It will grow from $2.89 billion in 2024 to $3.04 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to refinery upgrades and expansion, stringent environmental regulations, globalization of oil and gas industry, shift towards cleaner fuels, focus on energy security.
The hydrodesulfurization catalyst market size is expected to see strong growth in the next few years. It will grow to $3.9 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing focus on renewable energy, transition to hydrogen economy, continued regulatory stringency, demand for sustainable catalysts, geopolitical shifts in energy markets, growing importance of biofuels. Major trends in the forecast period include integration of nanotechnology, R&D for catalyst innovation, digitalization and process optimization, technological collaborations and partnerships, advancements in catalyst technologies.
The increasing demand for transportation fuels is anticipated to drive the growth of the hydrodesulfurization catalyst market in the future. Transportation fuels are energy sources utilized to power motor vehicles equipped with internal combustion engines. Examples of transportation fuels include gasoline/petrol, diesel, liquefied petroleum gas (LPG), jet fuel, and marine fuel. Hydrodesulfurization catalysts are employed in crude oil refineries to eliminate harmful organosulfur compounds, resulting in cleaner end products used as transportation fuels. For example, in September 2024, the American Public Transportation Association, a US-based non-profit organization, reported that public transit ridership reached 7.1 billion total trips in 2023, reflecting a 16% increase compared to 2022. Consequently, the rising demand for transportation fuel is fueling the growth of the hydrodesulfurization catalyst market.
Another significant factor contributing to the growth of the hydrodesulfurization catalyst market is the escalating demand for oil. As a naturally occurring fossil fuel composed mainly of hydrocarbons formed from ancient marine organisms, oil undergoes refining processes that involve hydrodesulfurization catalysts. These catalysts are instrumental in reducing sulfur content in refined products, ensuring the production of high-quality fuels derived from crude oil. Notably, in October 2023, U.S. crude oil output reached 12.4 million b/d, showcasing an increase from the previous record of 11.7 million b/d in 2022. This surge in oil demand is a key driver behind the expansion of the hydrodesulfurization catalyst market.
A notable trend shaping the hydrodesulfurization catalyst market involves the innovative utilization of hydrodesulfurization end products. Major industry players are actively exploring new applications for these end products to enhance profitability and maintain their market positions. For instance, Chevron Phillips Chemical Company LLC, in April 2022, introduced a new hydrodesulfurization (HDS) unit designed to promote circularity by converting sulfur into hydrogen sulfide, a feedstock used in the synthesis of mercaptans. This approach not only reduces SO2 emissions but also provides fuel for a cogeneration unit, generating steam and electricity for the facility.
Leading companies in the hydrodesulfurization catalyst market are concentrating on developing innovative technological solutions, such as sustainable hydrodesulfurization catalysts, to meet the rising demand for cleaner fuels and comply with stricter environmental regulations. A sustainable hydrodesulfurization catalyst is a catalyst used in the hydrodesulfurization (HDS) process, specifically designed to remove sulfur compounds from fossil fuels in a more environmentally friendly and efficient manner. For example, in March 2024, Evonik, a chemical company based in Germany, introduced Octamax, an advanced catalyst aimed at improving sulfur removal in refinery fuels, particularly for cracked gasoline hydrodesulfurization (HDS) units. This product utilizes a unique blend of NiMo and CoMo catalysts that enhance sulfur elimination while maintaining octane levels, providing a cost-effective solution for refiners facing strict regulatory demands. Furthermore, Octamax supports sustainability by facilitating the regeneration and reuse of spent catalysts, thereby minimizing waste and reducing dependence on fresh materials.
In August 2022, ORLEN Group (Polski Koncern Naftowy Orlen Spolka Akcyjna), an oil refiner and petrol retailer based in Poland, merged with Grupa Lotos S.A. for an undisclosed amount. The objective of this merger is for both companies to boost their capital expenditure to execute various profitable projects aimed at enhancing Poland's energy independence and ensuring stable fuel supplies. Grupa Lotos S.A. is a crude oil company located in Poland.
Major companies operating in the hydrodesulfurization catalyst market include Albemarle Corporation, Advanced Refining Technologies LLC, China Petroleum & Chemical Corporation, Haldor Topsoe Holding A/S, Shell PLC., PetroChina Company Limited, Axens SA, JGC C&C, Honeywell UOP, Johnson Matthey PLC., BASF SE, Clariant AG, Dorf Ketal Chemicals, ART Hydroprocessing, Repsol S.A, W R Grace & Co, Chiyoda Corporation, Chevron Phillips Chemical Company, Redkino Catalyst Company, Criterion Catalysts & Technologies, CRI Catalyst Leuna GmbH, Delta Catalysts
Asia-Pacific was the largest region in the hydrodesulfurization catalyst market in 2024. North America is expected to be the highest-growing region in the hydrodesulfurization catalyst market during the forecast period. The regions covered in the hydrodesulfurization catalys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the hydrodesulfurization catalys market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hydrodesulfurization catalysts market consists of sales of iridium catalysts, aluminum-cobalt-molybdenum catalysts, zirconium catalysts and nanoporous catalysts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hydrodesulfurization Catalyst Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hydrodesulfurization catalyst market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hydrodesulfurization catalyst ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hydrodesulfurization catalyst market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.