Indonesia Refinery Catalyst Market size is projected to grow at a CAGR of 7.2% during 2024-2030

FCC catalysts segment by Type held the highest revenue share in Indonesia Refinery Catalyst Market -6Wresearch

In 2023, FCC catalysts secured the highest revenue share owing to their essential role in refining processes that convert heavy feedstocks into high-value products like gasoline and diesel. As Indonesia's refineries increase their capacity—driven by projects such as the Tuban Grass Root Refinery—the demand for FCC catalysts is expected to rise, thereby solidifying their market growth.

According to 6Wresearch, Indonesia Refinery Catalyst Market size is projected to grow at a CAGR of 7.2% during 2024-2030. The Indonesia refinery catalyst market is poised to maintain its growth trajectory, driven by the government’s commitment to achieving net-zero emissions by 2060. The transition towards cleaner fuels is underscored by the country’s goals to replace gasoline and diesel with bioethanol, palm biodiesel, and renewable diesel by 2050, necessitating advanced catalytic technologies for efficient processing of bio-based feedstocks.

Moreover, Indonesia is prioritizing the expansion of its petrochemical sector, supported by investments in 22 ongoing petrochemical projects and a push for self-sufficiency by 2027, thereby increasing demand for advanced refinery catalysts in the production of key petrochemical products such as methanol and polypropylene, further contributing to the market’s growth in the coming years.

According to Vasudha, Senior Research Analyst, 6Wresearch, Zeolites captured the highest revenue share in 2023, primarily due to their critical use in FCC and Hydrocracking processes. Moreover, the Balikpapan RDMP project in Indonesia, which aims to increase refining capacity, is expected to be heavily reliant on zeolite-based FCC catalysts to process more complex crude oil feedstocks, hence contributing to market revenues.

Indonesia Refinery Catalyst Market (2024-2030) report provides an in-depth analysis with 11 figures and 9 tables, covered in 70 pages. The report thoroughly covers market by type, by material. Indonesia Refinery Catalyst Market outlook report provides an unbiased and detailed analysis of the on-going Indonesia Refinery Catalyst Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.