According to the new market research report “Catalyst Handling Services Market by Service Type (Loading/Unloading, Screening, Transport), End-use Industry (Petroleum Refining, Petrochemical), Region (North America, APAC, Europe, Middle East & Africa, South America) – Global Forecast to 2025″, The global catalyst handling services market size is projected to reach USD 620 million by 2025 from USD 510 million in 2020, at a CAGR of 4.0% during the forecast period.
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The demand for catalyst handling services in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in industrial activities. Increasing consumption of petrochemical products is also driving the market. Increasing demand for electric vehicles and reduction in capex by oil & gas companies are major restraining factors for the market. However, incorporation of new technologies such as robotics and automation in catalyst handling along with increasing demand for biofuels are opportunities for the market. On the other hand, decreasing demand for oil due to Covid-19 is a major challenge for the catalyst handling services market.
Catalyst unloading is a process where the spent catalysts are unloaded through proper operating procedures such as checking hot spots, build up coke formation, and checking for contamination. Catalyst loading is the process of transferring the catalyst from ground level to inside the reactor. The imminent necessity of this service type in reactor cleaning and catalyst based operations is driving the market growth.
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The global catalyst handling services market size is projected to reach USD 620 million by 2025 from USD 510 million in 2020, at a CAGR of 4.0% during the forecast period. The demand for catalyst handling services is increasing owing to an increase in consumption of petrochemical products in developed as well as emerging economies.
The demand for catalyst handling services in emerging economies, such as APAC, the Middle East & Africa, and South America, is increasing owing to the growing demand for petrochemical-derived products in end-use sectors such as automotive, aerospace, construction, energy, and packaging. The key players in the catalyst handling services market include Mourik (Netherlands), Anabeeb (Saudi Arabia), Dickinson Group of Companies (South Africa), CR Asia (Thailand), Catalyst Handling Resources (US), Technivac (UK), Cat Tech (UK), Buchen-ics (Germany), and Kanooz Industrial Services (Saudi Arabia). The catalyst handling services market report analyzes the key growth strategies, such as new technology launch, and agreements, adopted by the leading market players between 2017 and 2020.
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Mourik is one of the largest catalyst handling services players in the world and has established its presence in 31 countries globally and is emphasizing expanding its geographical presence through partnerships. Mourik has established branches in Europe and North America, partnerships in APAC and the Middle East & Africa, and it has undertaken several catalyst handling projects across the world. The company provides catalyst handling services refining to the petrochemical, pharmaceutical, agrochemical, processing, and food industries. It emphasizes growth through industrial collaborations with external partners, and innovations in technology, process, and equipment.
Anabeeb is a major player in brown field construction and turnaround services including mechanical works, catalyst handling, and pre-commissioning services. The company has a presence in Saudi Arabia, Qatar, the UAE, Oman, and Kuwait It is in strategic collaboration with CR Asia, TubeMaster, CTP Environment, and others. These collaborations have particularly helped the company with extensive R&D, efficient resource planning, and utilization of technical expertise.
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