The Global Refinery Process Chemicals Market was valued at USD 3.8 Billion in 2023 and is projected to reach USD 5.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period (2023–2030). This growth is being driven by expanding global refining capacities, stringent environmental regulations, and the rising demand for high-efficiency chemicals that enhance yield and reduce emissions in petroleum processing.

As the oil and gas industry evolves to meet sustainability goals and operational efficiencies, the focus turns to the leading suppliers of refinery process chemicals. These companies are at the forefront of developing advanced formulations for catalysis, corrosion prevention, and process optimization. In this blog, we profile the Top 10 Companies in the Refinery Process Chemicals Market—a blend of chemical giants, specialized innovators, and global providers shaping the future of refining technology.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Catalysts, Corrosion Inhibitors, Anti-fouling Agents

BASF stands as a powerhouse in the refinery process chemicals sector, delivering a wide array of products that support cracking, hydrotreating, and desulfurization processes in refineries worldwide. Their solutions help refiners maximize output from heavy crudes while minimizing energy consumption and environmental impact. With a strong emphasis on R&D, BASF’s innovations ensure compliance with evolving standards like IMO 2020 for low-sulfur fuels.

Furthermore, BASF’s portfolio includes advanced catalyst technologies that extend equipment life and improve selectivity in refining operations. This makes them a preferred partner for major oil companies seeking to boost profitability in volatile markets.

Sustainability Initiatives:

• Development of eco-friendly catalysts reducing CO2 emissions

• Partnerships for circular economy practices in chemical recycling

• Commitment to carbon neutrality by 2050 across operations

Download FREE Sample Report: Refinery Process Chemicals Market – View in Detailed Research Report

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9️⃣ 2. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: Hydroprocessing Catalysts, Fluid Catalytic Cracking (FCC) Catalysts

Albemarle is a dominant force in specialty catalysts for refining, particularly in hydrotreating and FCC units that are essential for producing clean fuels. Operating globally, the company supplies solutions that enable refiners to process heavier feedstocks efficiently, supporting the shift toward sustainable refining practices. Their expertise in bromine-based chemicals also aids in anti-fouling applications.

In recent years, Albemarle has expanded its capacity to meet growing demand from emerging markets in Asia and the Middle East, where new refineries are coming online. This strategic positioning helps clients achieve higher yields and lower operational costs.

Sustainability Initiatives:

• Investments in low-emission catalyst technologies

• Collaboration with refiners on waste minimization programs

• Targets for reducing water usage in production processes

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8️⃣ 3. Clariant AG

Headquarters: Basel, Switzerland
Key Offering: Catalysts, PH Adjustors, Refinery Additives

Clariant excels in providing tailored additives and catalysts that optimize refinery performance, from desulfurization to octane enhancement. Their products are used in over 100 countries, helping operators comply with rigorous environmental regulations while improving product quality. Clariant’s focus on innovation includes bio-based alternatives to traditional chemicals.

The company’s strong presence in Europe and Asia positions it well to serve the increasing needs of integrated refining complexes. By leveraging digital tools, Clariant assists clients in predictive maintenance, reducing downtime and enhancing overall efficiency.

Sustainability Initiatives:

• Launch of sustainable catalyst recycling programs

• Reduction of hazardous substances in formulations

• Global goals for 50% renewable raw materials by 2030

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7️⃣ 4. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Catalysts, Corrosion Inhibitors, Specialty Additives

AkzoNobel, through its AkzoNobel Specialty Chemicals division (now Nouryon), leads in surface chemistry solutions for refineries, including demulsifiers and pour point depressants. Their catalysts are pivotal in hydrocracking and reforming processes, enabling higher-value product outputs. With a global footprint, they support refineries in navigating the transition to greener operations.

AkzoNobel’s commitment to R&D has led to breakthroughs in zeolite-based catalysts that improve gasoline quality. This innovation is crucial as refiners adapt to electric vehicle impacts and biofuel integrations.

Sustainability Initiatives:

• Advancement in biodegradable corrosion inhibitors

• Partnerships for low-carbon hydrogen production in refining

• Aim for net-zero emissions in supply chain by 2040

Download FREE Sample Report: Refinery Process Chemicals Market – View in Detailed Research Report

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6️⃣ 5. Johnson Matthey

Headquarters: London, United Kingdom
Key Offering: Emission Control Catalysts, Hydrotreating Catalysts

Johnson Matthey specializes in precious metal-based catalysts that are indispensable for emission control and clean fuel production in refineries. Their technologies help reduce sulfur, nitrogen, and particulate emissions, aligning with global standards. Serving major players in North America and the Middle East, they drive efficiency in complex refining setups.

With a history of technological leadership, Johnson Matthey continues to innovate in areas like ultra-low sulfur diesel production. Their solutions not only meet regulatory demands but also optimize energy use, contributing to cost savings for operators.

Sustainability Initiatives:

• Development of catalysts for carbon capture in refining

• Recycling programs for spent catalysts

• Commitment to science-based targets for emissions reduction

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5️⃣ 6. Lubrizol Corporation

Headquarters: Wickliffe, Ohio, USA
Key Offering: Anti-fouling Agents, Demulsifiers, Corrosion Inhibitors

Lubrizol provides performance chemicals that prevent fouling and corrosion in refinery equipment, ensuring smooth operations and extending asset life. Their additives are critical for handling sour crudes and improving separation processes. As a Berkshire Hathaway company, Lubrizol has a robust global supply chain serving diverse refining needs.

Their recent advancements include multifunctional additives that combine corrosion protection with deposit control, addressing multiple challenges in a single formulation. This approach helps refiners streamline operations amid fluctuating crude oil qualities.

Sustainability Initiatives:

• Formulation of low-VOC additives for safer handling

• Investments in renewable-based process chemicals

• Programs to minimize environmental footprint in manufacturing

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4️⃣ 7. Dorf Ketal Chemicals

Headquarters: Mumbai, India
Key Offering: Antifoulants, Scale Inhibitors, Biodispersants

Dorf Ketal is a rising star in Asia, offering specialized chemicals for water treatment and anti-fouling in refineries. Their products enhance heat exchanger efficiency and prevent microbial-induced corrosion, particularly in high-temperature processes. With operations in over 50 countries, they cater to the booming refining sector in emerging economies.

Building on indigenous innovation, Dorf Ketal has developed cost-effective solutions tailored for Asian refineries processing local crudes. This localization strategy has boosted their market share significantly.

Sustainability Initiatives:

• Focus on bio-based antifoulants

• Water conservation technologies for refinery cooling systems

• Sustainable sourcing of raw materials

Download FREE Sample Report: Refinery Process Chemicals Market – View in Detailed Research Report

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3️⃣ 8. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Process Aids, Catalysts, pH Adjustors

Dow delivers a comprehensive range of refinery chemicals, including polymer-based additives and catalysts for polymerization and hydroprocessing. Their solutions optimize unit operations, from alkylation to isomerization, supporting high-performance refining. Dow’s global network ensures reliable supply to integrated energy complexes.

Innovations like silicone-based antifoams have revolutionized foam control in refinery towers, improving safety and throughput. Dow’s expertise helps clients transition to more sustainable feedstocks without compromising efficiency.

Sustainability Initiatives:

• Advocacy for circular plastics in refining byproducts

• Low-emission process designs

• Goal of 100% renewable energy in operations by 2035

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2️⃣ 9. Honeywell UOP

Headquarters: Des Plaines, Illinois, USA
Key Offering: FCC Catalysts, Hydrocracking Catalysts, Additives

Honeywell UOP, a leader in refining technologies, provides catalysts and adsorbents that enable deep conversion of heavy oils into valuable products. Their EnrichriZing technology enhances residue upgrading, vital for modern mega-refineries. With decades of experience, UOP shapes refining strategies worldwide.

Their modular catalyst systems allow for easy integration and upgrades, minimizing disruptions. This flexibility is key as refiners adapt to market shifts toward lighter products.

Sustainability Initiatives:

• Catalysts for biofuel processing in refineries

• Emissions reduction through advanced hydrotreating

• Collaborations for hydrogen economy integration

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1️⃣ 10. General Electric (GE) Catalysts

Headquarters: Boston, Massachusetts, USA
Key Offering: Emission Catalysts, Process Catalysts for Refining

GE’s catalyst division focuses on polyolefin and refining catalysts, supporting polymerization and purification in petrochemical complexes. Their offerings improve selectivity and reduce cycle times, driving economic value for downstream operations. GE’s integrated approach combines chemicals with engineering services.

Recent developments include catalysts for sustainable polyethylene production from refinery streams, aligning with the plastics circularity trend. This positions GE as a key enabler in the energy transition.

Sustainability Initiatives:

• Innovation in low-pressure drop catalysts for energy savings

• Support for carbon-neutral refining processes

• Global R&D for greener chemical technologies

Read Full Report: Refinery Process Chemicals Market – View in Detailed Research Report

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This report aims to provide a comprehensive presentation of the global market for Refinery Process Chemicals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Refinery Process Chemicals. This report contains market size and forecasts of Refinery Process Chemicals in global, including the following market information:

• Global Refinery Process Chemicals Market Revenue, 2018-2023, 2024-2030, ($ millions)
• Global Refinery Process Chemicals Market Sales, 2018-2023, 2024-2030, (MT)
• Global top five Refinery Process Chemicals companies in 2022 (%)

The global Refinery Process Chemicals market was valued at US$ 3.8 billion in 2022 and is projected to reach US$ 5.2 billion by 2030, at a CAGR of 4.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ 1.2 Billion in 2022, While China is Forecast to Reach $ 1.5 Billion.
Catalysts Segment to Reach $ 2.1 Billion by 2030, with a 5.2% CAGR in next six years.
The global key manufacturers of Refinery Process Chemicals include BASF, General Electric, Lubrizol Corporation, AkzoNobel, Clariant, Johnson Matthey, Dorf Ketal and Albemarle Corporation, etc. in 2022, the global top five players have a share approximately 45% in terms of revenue.
We surveyed the Refinery Process Chemicals manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Refinery Process Chemicals Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (MT)
Global Refinery Process Chemicals Market Segment Percentages, by Type, 2022 (%)

• Catalysts
• Corrosion Inhibitors
• PH Adjustors
• Anti-fouling Agents
• Others

Global Refinery Process Chemicals Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (MT)
Global Refinery Process Chemicals Market Segment Percentages, by Application, 2022 (%)

• Conversion
• Petroleum Treatment
• Hydro Treatment

Global Refinery Process Chemicals Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (MT)
Global Refinery Process Chemicals Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

• The report also provides analysis of leading market participants including:
• Key companies Refinery Process Chemicals revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Refinery Process Chemicals revenues share in global market, 2022 (%)
• Key companies Refinery Process Chemicals sales in global market, 2018-2023 (Estimated), (MT)
• Key companies Refinery Process Chemicals sales share in global market, 2022 (%)

Key players include:

• BASF
• General Electric
• Lubrizol Corporation
• AkzoNobel
• Clariant
• Johnson Matthey
• Dorf Ketal
• Albemarle Corporation

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Refinery Process Chemicals, market overview.
• Chapter 2: Global Refinery Process Chemicals market size in revenue and volume.
• Chapter 3: Detailed analysis of Refinery Process Chemicals manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Refinery Process Chemicals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Global Refinery Process Chemicals capacity by region & country.
• Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
• Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 11: The main points and conclusions of the report.

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🌍 Outlook: The Future of Refinery Process Chemicals Is Efficient and Sustainable

The refinery process chemicals market is experiencing significant transformation. Although traditional formulations remain core, the sector is channeling substantial investments into green chemistries, advanced materials, and digital integration for smarter refining.

Because of tightening regulations on emissions and waste, companies are prioritizing catalysts that enable biofuel blending and carbon capture. However, challenges like raw material volatility persist, pushing innovation in supply chain resilience. Furthermore, the rise of integrated complexes in Asia underscores the need for localized production and customized solutions.

Looking ahead, the market will benefit from technological advancements, such as AI-optimized formulations and nanotechnology in additives. These trends not only address environmental concerns but also enhance economic viability for refiners facing pressure from renewable energy shifts.

📈 Key Trends Shaping the Market:

• Expansion of catalyst production for low-sulfur fuels in Asia and Middle East

• Regulatory mandates for eco-friendly chemicals by 2030 in EU and US

• Digital twins and analytics for predictive chemical performance

• Strategic alliances between chemical firms and oil majors for R&D

Read Full Report: Refinery Process Chemicals Market – View in Detailed Research Report

The companies listed above are not only optimizing global refining—they’re leading the sustainable evolution of the energy sector.

In summary, the refinery process chemicals landscape is poised for steady growth, fueled by the industry’s push toward efficiency and sustainability. As refiners worldwide upgrade facilities to handle diverse feedstocks, demand for innovative chemicals will surge. Stakeholders should monitor regional dynamics, particularly in high-growth areas like China and India, where new capacities are set to drive market expansion. Moreover, the integration of biotechnology in chemical development could unlock new opportunities, reducing reliance on petrochemical derivatives.

From BASF’s comprehensive portfolio to Honeywell UOP’s cutting-edge catalysts, these top players exemplify the blend of tradition and forward-thinking required to thrive. Their sustainability efforts, including reduced emissions and resource efficiency, align with broader goals like the Paris Agreement, ensuring long-term viability.

For those in the industry, understanding these leaders’ strategies is crucial for partnerships and competitive benchmarking. The evolving regulatory environment, combined with technological disruptions, will continue to reshape priorities, making adaptability key to success.

Overall, the Refinery Process Chemicals Market represents a vital enabler for the energy transition, balancing immediate refining needs with future-oriented innovations. As global oil demand stabilizes around 100 million barrels per day, efficient chemical solutions will play a pivotal role in maintaining supply chain integrity.