Hydrocracking Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The rise in the adoption of hydrocracker processing technology is a vital factor driving the growth of the hydrocracking market. Additionally, rising demand for medium and light distillates such as jet fuel, kerosene, diesel, and gasoline, especially from emerging economies, is a vital factor escalating the market growth, also increasing technological advancements, rising research and development about improved hydrocracker performance, and overall yield, increasing hydrocracker efficiency and overall yield, rising availability of technical expertise, rising demand for petroleum derivatives and rising automotive demand in the Asia Pacific are the major factors among others driving the hydrocracking market. Moreover, rising technological advancements and increasing modernization will create new growth potentials for the hydrocracking market in the forecast period.
MARKET SCOPE
The "Global Hydrocracking Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the hydrocracking market with detailed market segmentation by type, application, and geography. The global hydrocracking market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading hydrocracking market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hydrocracking market is segmented by type, and application.
MARKET DYNAMICS
Drivers-
Restrains
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The hydrocracker market is expected to witness a decline in growth rate during the forecast period, owing to the outbreak of the COVID-19 pandemic. Governments of various countries have implemented lockdowns, which has led to the shutdown of factories in scores of cities and provinces worldwide, thus leading to predictions of a sharp slowdown. In addition, the hydrocracker industry is anticipated to experience a direct impact for the next one or two years if the growth of the chemical sector declines, as it is one of the key consumers of hydrocrackers. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities shut down. Moreover, the US, China, India, Russia, and Canada are the major countries that accounted for 54.9% of the total global hydrocracking unit capacity in 2020. By 2025, 57 new refineries with hydrocracking units will commence operations globally. Lianyungang I (China), Sriracha I (Thailand), Vadinar (India), and Jieyang (China) are some of the largest upcoming refineries with hydrocracking units in the world during the outlook period 2021-2025, thereby it aids the market to recover from the covid-19 disruptions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The hydrocracker market is expected to witness a decline in growth rate during the forecast period, owing to the outbreak of the COVID-19 pandemic. Governments of various countries have implemented lockdowns, which has led to the shutdown of factories in scores of cities and provinces worldwide, thus leading to predictions of a sharp slowdown. In addition, the hydrocracker industry is anticipated to experience a direct impact for the next one or two years if the growth of the chemical sector declines, as it is one of the key consumers of hydrocrackers. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities shut down. Moreover, the US, China, India, Russia, and Canada are the major countries that accounted for 54.9% of the total global hydrocracking unit capacity in 2020. By 2025, 57 new refineries with hydrocracking units will commence operations globally. Lianyungang I (China), Sriracha I (Thailand), Vadinar (India), and Jieyang (China) are some of the largest upcoming refineries with hydrocracking units in the world during the outlook period 2021-2025, thereby it aids the market to recover from the covid-19 disruptions.
MARKET PLAYERS
The reports cover key developments in the hydrocracking market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from hydrocracking market are anticipated to lucrative growth opportunities in the future with the rising demand for hydrocracking in the global market. Below mentioned is the list of few companies engaged in the hydrocracking market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydrocracking market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
- Royal Dutch Shell
- BASF SE
- Honeywell International Inc
- Haldor Topsoe A/S
- Albemarle Corporation
- W. R. Grace and Co.-Conn
- Johnson Matthey
- Axens
- Clariant
- Arkema
- Exxon Mobil Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hydrocracking Market - By Type
1.3.2 Hydrocracking Market - By Application
1.3.3 Hydrocracking Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HYDROCRACKING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HYDROCRACKING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HYDROCRACKING MARKET - GLOBAL MARKET ANALYSIS
6.1. HYDROCRACKING - GLOBAL MARKET OVERVIEW
6.2. HYDROCRACKING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HYDROCRACKING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE-STAGE FLOW
7.3.1. Overview
7.3.2. Single-stage Flow Market Forecast and Analysis
7.4. SERIES
7.4.1. Overview
7.4.2. Series Market Forecast and Analysis
7.5. TWO-STAGE FLOW
7.5.1. Overview
7.5.2. Two-stage Flow Market Forecast and Analysis
8. HYDROCRACKING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. REFINERY
8.3.1. Overview
8.3.2. Refinery Market Forecast and Analysis
8.4. DIESEL
8.4.1. Overview
8.4.2. Diesel Market Forecast and Analysis
8.5. JET FUEL
8.5.1. Overview
8.5.2. Jet Fuel Market Forecast and Analysis
9. HYDROCRACKING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hydrocracking Market Overview
9.1.2 North America Hydrocracking Market Forecasts and Analysis
9.1.3 North America Hydrocracking Market Forecasts and Analysis - By Type
9.1.4 North America Hydrocracking Market Forecasts and Analysis - By Application
9.1.5 North America Hydrocracking Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hydrocracking Market
9.1.5.1.1 United States Hydrocracking Market by Type
9.1.5.1.2 United States Hydrocracking Market by Application
9.1.5.2 Canada Hydrocracking Market
9.1.5.2.1 Canada Hydrocracking Market by Type
9.1.5.2.2 Canada Hydrocracking Market by Application
9.1.5.3 Mexico Hydrocracking Market
9.1.5.3.1 Mexico Hydrocracking Market by Type
9.1.5.3.2 Mexico Hydrocracking Market by Application
9.2. EUROPE
9.2.1 Europe Hydrocracking Market Overview
9.2.2 Europe Hydrocracking Market Forecasts and Analysis
9.2.3 Europe Hydrocracking Market Forecasts and Analysis - By Type
9.2.4 Europe Hydrocracking Market Forecasts and Analysis - By Application
9.2.5 Europe Hydrocracking Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hydrocracking Market
9.2.5.1.1 Germany Hydrocracking Market by Type
9.2.5.1.2 Germany Hydrocracking Market by Application
9.2.5.2 France Hydrocracking Market
9.2.5.2.1 France Hydrocracking Market by Type
9.2.5.2.2 France Hydrocracking Market by Application
9.2.5.3 Italy Hydrocracking Market
9.2.5.3.1 Italy Hydrocracking Market by Type
9.2.5.3.2 Italy Hydrocracking Market by Application
9.2.5.4 United Kingdom Hydrocracking Market
9.2.5.4.1 United Kingdom Hydrocracking Market by Type
9.2.5.4.2 United Kingdom Hydrocracking Market by Application
9.2.5.5 Russia Hydrocracking Market
9.2.5.5.1 Russia Hydrocracking Market by Type
9.2.5.5.2 Russia Hydrocracking Market by Application
9.2.5.6 Rest of Europe Hydrocracking Market
9.2.5.6.1 Rest of Europe Hydrocracking Market by Type
9.2.5.6.2 Rest of Europe Hydrocracking Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hydrocracking Market Overview
9.3.2 Asia-Pacific Hydrocracking Market Forecasts and Analysis
9.3.3 Asia-Pacific Hydrocracking Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Hydrocracking Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Hydrocracking Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hydrocracking Market
9.3.5.1.1 Australia Hydrocracking Market by Type
9.3.5.1.2 Australia Hydrocracking Market by Application
9.3.5.2 China Hydrocracking Market
9.3.5.2.1 China Hydrocracking Market by Type
9.3.5.2.2 China Hydrocracking Market by Application
9.3.5.3 India Hydrocracking Market
9.3.5.3.1 India Hydrocracking Market by Type
9.3.5.3.2 India Hydrocracking Market by Application
9.3.5.4 Japan Hydrocracking Market
9.3.5.4.1 Japan Hydrocracking Market by Type
9.3.5.4.2 Japan Hydrocracking Market by Application
9.3.5.5 South Korea Hydrocracking Market
9.3.5.5.1 South Korea Hydrocracking Market by Type
9.3.5.5.2 South Korea Hydrocracking Market by Application
9.3.5.6 Rest of Asia-Pacific Hydrocracking Market
9.3.5.6.1 Rest of Asia-Pacific Hydrocracking Market by Type
9.3.5.6.2 Rest of Asia-Pacific Hydrocracking Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hydrocracking Market Overview
9.4.2 Middle East and Africa Hydrocracking Market Forecasts and Analysis
9.4.3 Middle East and Africa Hydrocracking Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Hydrocracking Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Hydrocracking Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hydrocracking Market
9.4.5.1.1 South Africa Hydrocracking Market by Type
9.4.5.1.2 South Africa Hydrocracking Market by Application
9.4.5.2 Saudi Arabia Hydrocracking Market
9.4.5.2.1 Saudi Arabia Hydrocracking Market by Type
9.4.5.2.2 Saudi Arabia Hydrocracking Market by Application
9.4.5.3 U.A.E Hydrocracking Market
9.4.5.3.1 U.A.E Hydrocracking Market by Type
9.4.5.3.2 U.A.E Hydrocracking Market by Application
9.4.5.4 Rest of Middle East and Africa Hydrocracking Market
9.4.5.4.1 Rest of Middle East and Africa Hydrocracking Market by Type
9.4.5.4.2 Rest of Middle East and Africa Hydrocracking Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hydrocracking Market Overview
9.5.2 South and Central America Hydrocracking Market Forecasts and Analysis
9.5.3 South and Central America Hydrocracking Market Forecasts and Analysis - By Type
9.5.4 South and Central America Hydrocracking Market Forecasts and Analysis - By Application
9.5.5 South and Central America Hydrocracking Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hydrocracking Market
9.5.5.1.1 Brazil Hydrocracking Market by Type
9.5.5.1.2 Brazil Hydrocracking Market by Application
9.5.5.2 Argentina Hydrocracking Market
9.5.5.2.1 Argentina Hydrocracking Market by Type
9.5.5.2.2 Argentina Hydrocracking Market by Application
9.5.5.3 Rest of South and Central America Hydrocracking Market
9.5.5.3.1 Rest of South and Central America Hydrocracking Market by Type
9.5.5.3.2 Rest of South and Central America Hydrocracking Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HYDROCRACKING MARKET, KEY COMPANY PROFILES
11.1. ROYAL DUTCH SHELL
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HONEYWELL INTERNATIONAL INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HALDOR TOPSOE A/S
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ALBEMARLE CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. W. R. GRACE AND CO.-CONN
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JOHNSON MATTHEY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. AXENS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CLARIANT
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ARKEMA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. EXXON MOBIL CORPORATION
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Royal Dutch Shell
2. BASF SE
3. Honeywell International Inc
4. Haldor Topsoe A/S
5. Albemarle Corporation
6. W. R. Grace and Co.-Conn
7. Johnson Matthey
8. Axens
9. Clariant
10. Arkema
11. Exxon Mobil Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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