Refinery Catalyst Global Market – Overview
Currently, the refinery catalyst market is in the growth stage. This is due to the global increase in energy consumption, rising demand for petroleum derivatives and stringent environmental regulations. However, the diminishing crude oil reserves will hinder the global refinery catalyst growth rate.
Based on ingredients, metals segment contributed for the largest share of the Refinery Catalyst Market. This growth can be credited to the growing use of metals for hydrocracking and hydrotreating to eradicate undesirable impurities and production of dangerous gases into the environment. Strict ecological regulations framed to reduce air pollution by diminishing the sulfur content in the gasoline and ultra-low sulfur content in diesel are further projected to drive the demand for metals in the refinery catalyst market.
Increasingly stringent fuel and environmental regulations, heavier crudes and feedstock, and soaring energy demand have created complex, and sometimes conflicting, challenges for refiners operating hydro processing units. In response, many refiners are building new licensed units or revamping their existing facilities. Many refinery catalyst manufacturer provide customers with an optimized hydroprocessing solution from their extensive, leading-edge technology design portfolio. Refining catalyst are a crucial components in the processing of highly valued petrochemicals, gasoline, diesel and other fuels.
Refinery Catalyst Market Top Key Players:-
The key players of global refinery catalyst market are Albemarle Corporation (U.S), W. R. Grace & Co. (U.S), Haldor Topsoe A/S (Denmark), Honeywell, Uop LLC. (U.S), Criterion Catalysts & Technologies L.P. (U.S), Axens SA (France), BASF SE (Germany), China Petroleum & Chemical Corporation (Sinopec Corp.) (China), Clariant International Ltd (Switzerland) and Exxon Mobil Corporation (U.S).
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The global refining catalyst is segmented into a type, ingredients, and region. On the basis of the type, the market is segregated into Fluid Catalytic Cracking (FCC) Catalysts, hydroprocessing catalysts, catalytic reforming catalysts, and others. On the basis of the ingredients, the market is segregated into zeolites, metals, chemical compounds and others.
Refinery Catalyst Market Geographical Analysis:-
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Global Refinery Catalyst Market Analysis:-
The substantial growth in the overall global energy consumption and volatility in global fuel prices has driven the global refinery catalyst market. These factors have certainly created a great potential for refinery catalyst market all around the world. Asia-Pacific region is the leading market for refinery catalysts market and is followed by North-America. The overall growth in refinery infrastructure and increase in fuel consumption in the countries such as India and China, is driving the market for Refinery Catalysts.
Refinery Catalyst Market Scope:-
This study provides an overview of the global refinery catalyst market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global refinery catalyst market by its type, by application, by regions.
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Refinery Catalyst Market By Type
- FCC Catalysts
- Hydrotreating Catalysts
- Hydrocracking Catalysts
- Catalytic Reforming Catalysts
Refinery Catalyst Market By Ingredient
- Chemical compounds
Refinery Catalyst Market By Regions
- North America
- Asia Pacific
- Rest of the World
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