Hydrocracking process market share, market share, industry market research
On October 28, 2024, the research and consulting firm Global Info Research published the "Global Hydrocracking Industry Overall Size, Major Manufacturers and IPO Research Report, 2024-2030," which primarily investigates the overall size of the global hydrocracking industry, regional sizes, major company sizes and market shares, product category sizes, downstream application sizes, and future development prospects. Statistical dimensions include sales volume, price, revenue, and market share. The report also highlights the product features, specifications, prices, sales volumes, revenues, and development trends of major global manufacturers (brands). Historical data covers 2019 to 2023, with forecast data for 2024 to 2030.
Research Institution: Global Info Research Chemical and Materials Research Center
Report Pages: 105
Hydrocracking is a catalytic chemical process used in petroleum refineries for deep oil processing, converting high-boiling-point hydrocarbon components in crude oil into more valuable low-boiling-point products such as gasoline, kerosene, jet fuel, and diesel. This process occurs in a hydrogen-rich atmosphere at high temperatures (260–425 °C) and high pressures (35–200 bar).
Through the hydrocracking process, heavy oil undergoes hydrogenation, isomerization, and cracking reactions in the presence of catalysts and hydrogen to improve the hydrogen-to-carbon ratio of the products. The hydrocracking process is essentially a combination of hydrotreating and catalytic cracking processes. On one hand, heavy oil can be converted into light oils such as gasoline, jet fuel, and light diesel, while minimizing coke formation. The process also removes sulfur, nitrogen, and oxygen non-hydrocarbon compounds and saturates olefins through hydrogenation.
Essentially, hydrocracking plants can process various feedstocks with different properties to produce a range of products. They can be designed and operated to maximize the yield of gasoline blending components (known as hydrocrackate) or to maximize diesel production.
In this report, the hydrocracking process refers to hydrocracking process solutions, including all key elements of hydrocracking units, such as hydrocracker pretreatment, hydrocracking and grading catalysts, technology licensing, including heavy polycyclic aromatic hydrocarbon (HPNA) management solutions and high-performance reactor internals.
According to the latest research by our project team, global hydrocracking revenue is expected to reach $1.594 billion by 2030, with a compound annual growth rate (CAGR) of 3.9% during the 2024-2030 period.
Hydrocracking is a catalytic chemical process used in petroleum refineries for deep oil processing, converting high-boiling-point hydrocarbon components in crude oil into more valuable low-boiling-point products such as gasoline, kerosene, jet fuel, and diesel. This process occurs in a hydrogen-rich environment at high temperatures (260–425 °C) and high pressures (35–200 bar).
Many North American refineries are investing in hydrocracking technology to enhance production flexibility and increase the output of high-value products such as diesel and jet fuel in response to fluctuations in global oil demand and fuel prices. With increasingly stringent environmental regulations in North America (especially in the U.S. and Canada), demand for ultra-low sulfur diesel (ULSD) and clean fuels is growing. Hydrocracking plays a critical role in reducing sulfur content in fuels to meet regulatory standards such as those set by the EPA. The North American hydrocracking process market is projected to grow from $372 million in 2023 to $458 million by 2030, with a CAGR of 3.29% during the forecast period (2024-2030).
Due to rising energy demand, expanding refining capacity, and a strong focus on producing clean fuels, the hydrocracking process market in the Asia-Pacific region is experiencing significant growth. The Asia-Pacific hydrocracking process market is expected to grow from $422 million in 2023 to $608 million by 2030, with a CAGR of 5.04% during the forecast period (2024-2030). Rapid industrialization and urbanization in countries such as China, India, and Southeast Asia are driving increased demand for transportation fuels, particularly diesel and jet fuel. Hydrocracking enables refineries to produce higher yields of these in-demand fuels from heavy feedstocks.
China: As the largest energy consumer in the region, China is heavily investing in hydrocracking technology to meet domestic demand for clean fuels and reduce reliance on imported refined products.
India: With increasing demand for transportation fuels, India is working to expand its refining capacity and integrate hydrocracking to produce cleaner, low-sulfur fuels that comply with its Bharat Stage VI (BS-VI) emission standards.
Southeast Asia: Countries such as Indonesia and Malaysia are also increasing investments in refining infrastructure, where hydrocracking plays a key role in improving fuel quality to meet regional standards.
Hydrocracking processes can be divided into single-stage hydrocracking and two-stage hydrocracking. In 2023, single-stage hydrocracking accounted for 66.40% of the global hydrocracking process market. This segment is expected to grow from $786 million in 2023 to $993 million by 2030.
Major global hydrocracking process companies include Shell Catalysts & Technologies, ExxonMobil, Advanced Refining Technologies (ART), Honeywell UOP, Topsoe, Sinopec, Johnson Matthey, Axens, PetroChina, and Elessent Clean Technologies. In 2023, the top three suppliers accounted for approximately 55.11% of global revenue.
Hydrocracking processes are critically important in most deep-refining foreign refineries. Beyond enhancing refining depth, hydrocracking is a primary process that impacts the flexibility of a company's process solutions and the quality of its industrial products. When refineries lack other residual oil processing methods, full-conversion hydrocracking tailored to specific product goals is typically employed.
In refineries already equipped with residual oil conversion processes, the most attractive approach is partial-conversion hydrocracking combined with other conversion processes. In such cases, hydrocracking uses inferior diesel from other processes to produce high-quality residues, which serve as upgraded feedstock or components for the same unit. Vacuum diesel hydrocracking residues are excellent feedstock for ethylene units, outperforming other feedstock types in efficiency.
Thus, the inclusion of hydrocracking in refinery process solutions significantly enhances flexibility and operational efficiency.
Based on product type, hydrocracking processes are subdivided into: single-stage hydrocracking and two-stage hydrocracking.
Based on downstream applications, this report focuses on the following sectors: gasoline, jet fuel, and others.
This report highlights major global hydrocracking process companies, including Shell Catalysts & Technologies, ExxonMobil, Advanced Refining Technologies (ART), Honeywell UOP, Topsoe, Sinopec, Johnson Matthey, Axens, PetroChina, and Elessent Clean Technologies.
Chapter Overview:
Chapter 1: Introduces the definition, statistical scope, product classification, applications, and global outlook of hydrocracking processes.
Chapter 2: Focuses on global hydrocracking process market players, including company profiles, main business and products, hydrocracking process sales, revenue, pricing, and latest developments.
Chapter 3: Analyzes global competitive dynamics, including sales, pricing, revenue, and market share of major companies, business/product layouts, downstream applications/markets, as well as industry mergers, new entrants, and capacity expansions.
Chapter 4: Examines regional market sizes and forecasts, including hydrocracking process revenue in North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Chapter 5: Breaks down market size and forecasts by product type, with metrics including sales volume, revenue, and pricing.
Chapter 6: Studies hydrocracking process applications, with segmentation by sales volume, revenue, and pricing.
Chapter 7: Analyzes the North American market by country, product type, and application, with segmented size and forecasts.
Chapter 8: Investigates the European market by country, product type, and application, with segmented size and forecasts.
Chapter 9: Researches the Asia-Pacific market by region, product type, and application, with segmented size and forecasts.
Chapter 10: Analyzes the South American market by region, product type, and application, with segmented size and forecasts.
Chapter 11: Examines the Middle East & Africa market by region, product type, and application, with segmented size and forecasts.
Chapter 12: Explores market dynamics, including drivers, barriers, and trends.
Chapter 13: Analyzes the industry supply chain.
Chapter 14: Details sales channels.
Chapter 15: Concludes the report.
Table of Contents
1 Industry Overview
1.1 Introduction to Hydrocracking Processes
1.2 Global Hydrocracking Industry Size and Forecast (2019 & 2023 & 2030)
1.3 Global Hydrocracking Market Size by Region (Based on Company Headquarters)
1.3.1 Revenue by Region (2019-2030)
1.3.2 Total Revenue of U.S. Companies (2019-2030)
1.3.3 Total Revenue of Chinese Companies (2019-2030)
1.3.4 Total Revenue of European Companies (2019-2030)
1.3.5 Total Revenue of Japanese Companies (2019-2030)
1.3.6 Total Revenue of South Korean Companies (2019-2030)
1.3.7 Total Revenue of ASEAN Companies (2019-2030)
1.3.8 Total Revenue of Indian Companies (2019-2030)
1.4 Market Drivers, Barriers, and Trends
1.4.1 Hydrocracking Market Drivers
1.4.2 Industry Impact Factors
1.4.3 Industry Trends
2 Global Demand Analysis
2.1 Global Hydrocracking Consumption (2019-2030)
2.2 Sales Revenue by Region
2.2.1 Sales Revenue by Region (2019-2024)
2.2.2 Sales Revenue Forecast by Region (2025-2030)
2.3 U.S. Sales Revenue (2019-2030)
2.4 China Sales Revenue (2019-2030)
2.5 Europe Sales Revenue (2019-2030)
2.6 Japan Sales Revenue (2019-2030)
2.7 South Korea Sales Revenue (2019-2030)
2.8 ASEAN Sales Revenue (2019-2030)
2.9 India Sales Revenue (2019-2030)
3 Competitive Landscape
3.1 Revenue of Major Global Manufacturers (2019-2024)
3.2 Quadrant Analysis of Major Companies
3.3 Industry Ranking and Concentration (CR)
3.3.1 Global Manufacturer Rankings (Based on 2023 Revenue)
3.3.2 Global Industry Concentration (CR4)
3.3.3 Global Industry Concentration (CR8)
3.4 Product and Regional Distribution of Major Manufacturers
3.4.1 Regional Distribution
3.4.2 Product Types
3.4.3 Business/Product Layouts
3.4.4 Downstream Markets and Applications
3.5 Competitive Environment
3.5.1 Historical Competition
3.5.2 Industry Barriers
3.5.3 Competitive Factors
3.6 Mergers and Acquisitions
4 Comparative Analysis: U.S., China, and Other Markets
4.1 U.S. vs. China: Market Size Comparison
4.1.1 Market Size (2019 & 2023 & 2030)
4.1.2 Sales Revenue Share (2019 & 2023 & 2030)
4.2 U.S. Companies vs. Chinese Companies: Revenue Comparison
4.2.1 Revenue (2019 & 2023 & 2030)
4.2.2 Revenue Share (2019 & 2023 & 2030)
4.3 Major U.S. Companies and Market Share (2019-2024)
4.3.1 Headquarters and Locations
4.3.2 Revenue (2019-2024)
4.4 Major Chinese Companies and Market Share (2019-2024)
4.4.1 Headquarters and Locations
4.4.2 Revenue (2019-2024)
4.5 Major Companies in Other Regions (2019-2024)
4.5.1 Headquarters and Locations
4.5.2 Revenue (2019-2024)
5 Product Segmentation
5.1 Global Market Segmentation by Product Type (2019 VS 2023 VS 2030)
5.2 Product Types
5.2.1 Single-Stage Hydrocracking
5.2.2 Two-Stage Hydrocracking
5.3 Market Size by Product Type
5.3.1 Historical Size (2019-2024)
5.3.2 Forecast (2025-2030)
5.3.3 Market Share (2019-2030)
6 Application Segmentation
6.1 Global Market Segmentation by Application (2019 VS 2023 VS 2030)
6.2 Applications
6.2.1 Gasoline
6.2.2 Jet Fuel
6.2.3 Others
6.3 Market Size by Application
6.3.1 Historical Size (2019-2024)
6.3.2 Forecast (2025-2030)
6.3.3 Market Share (2019-2030)
7 Company Profiles
7.1 Shell Catalysts & Technologies
7.1.1 Company Overview
7.1.2 Main Business and Products
7.1.3 Hydrocracking Products
7.1.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.1.5 Latest Developments
7.1.6 Strengths and Weaknesses
7.2 ExxonMobil
7.2.1 Company Overview
7.2.2 Main Business and Products
7.2.3 Hydrocracking Products
7.2.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.2.5 Latest Developments
7.2.6 Strengths and Weaknesses
7.3 Advanced Refining Technologies (ART)
7.3.1 Company Overview
7.3.2 Main Business and Products
7.3.3 Hydrocracking Products
7.3.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.3.5 Latest Developments
7.3.6 Strengths and Weaknesses
7.4 Honeywell UOP
7.4.1 Company Overview
7.4.2 Main Business and Products
7.4.3 Hydrocracking Products
7.4.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.4.5 Latest Developments
7.4.6 Strengths and Weaknesses
7.5 Topsoe
7.5.1 Company Overview
7.5.2 Main Business and Products
7.5.3 Hydrocracking Products
7.5.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.5.5 Latest Developments
7.5.6 Strengths and Weaknesses
7.6 Sinopec
7.6.1 Company Overview
7.6.2 Main Business and Products
7.6.3 Hydrocracking Products
7.6.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.6.5 Latest Developments
7.6.6 Strengths and Weaknesses
7.7 Johnson Matthey
7.7.1 Company Overview
7.7.2 Main Business and Products
7.7.3 Hydrocracking Products
7.7.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.7.5 Latest Developments
7.7.6 Strengths and Weaknesses
7.8 Axens
7.8.1 Company Overview
7.8.2 Main Business and Products
7.8.3 Hydrocracking Products
7.8.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.8.5 Latest Developments
7.8.6 Strengths and Weaknesses
7.9 PetroChina
7.9.1 Company Overview
7.9.2 Main Business and Products
7.9.3 Hydrocracking Products
7.9.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.9.5 Latest Developments
7.9.6 Strengths and Weaknesses
7.10 Elessent Clean Technologies
7.10.1 Company Overview
7.10.2 Main Business and Products
7.10.3 Hydrocracking Products
7.10.4 Revenue, Gross Margin, and Market Share (2019-2024)
7.10.5 Latest Developments
7.10.6 Strengths and Weaknesses
8 Industry Supply Chain
8.1 Hydrocracking Industry Chain
8.2 Upstream Analysis
8.2.1 Core Raw Materials
8.2.2 Material Suppliers
8.3 Midstream Analysis
8.4 Downstream Analysis
9 Research Conclusions
10 Appendix
10.1 Methodology
10.2 Research Process and Data Sources
10.3 Disclaimer
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