Market
Insights
Market Research Future has added a new
report on the global refinery catalyst market which reveals that the market is
set to grow at a CAGR of more than 4% during the forecast period of 2017 to
2023. Moderate yet consistent growth is expected by the market due to growing
oil and gas activities across the globe.
Refinery catalysts are extensively utilized
in refinery processes such as FCC, hydrocracking, and other. refinery catalysts
are vital in the conversion of crude oil to more valuable forms of fuel. The
growing demand for gasoline particularly in emerging economies is expected to impact
the global market positively. Government bodies in developed economies are
increasingly implementing stringent regulations with regards to environment conservation
and fuel. The extraction of heavier crudes and ever-increasing energy demands
have resulted in increased refinery activities thus driving the demand for
refinery catalysts.
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Refiners are building new refinery units or
renovating existing facilities to meet the growing demand for fuel. Moreover,
refinery catalyst manufacturers are actively engaged in offering customers with
cutting-edge refining components. Ongoing R&D toward the production of
optimized refinery catalysts are vital in the creation of future market
opportunities.
Scope of the Report:
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.
By Type
- FCC Catalysts
- Hydrotreating Catalysts
- Hydrocracking Catalysts
- Catalytic Reforming Catalysts
By Ingredient
- Zeolites
- Metals
- Chemical compounds
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
Regional
Analysis
The Asia Pacific leads the market with the
highest growth due to the presence of various emerging economies in the region
with rapidly rising demand for fuel. Countries such as India and China among
others have massive consumer populations and a swiftly expanding automotive
industry among others. The demand for energy and fuel in the region to power
homes, vehicles and the industrial hub that the region has become has
catapulted the region into leading position. Growing construction of refinery
infrastructure is another key factor driving the regional market.
The North American market closely follows
the Asia Pacific. The U.S leads the region's growth and has a significant
demand for fuel and crude oil by-products. The presence of several key players
in the region add to the regions growth drivers and cement its position as a
leading regional market.
Key Players
Prominent players participating in the
global refinery catalyst market include BASF SE, Honeywell UOP LLC., Criterion
Catalysts & Technologies L.P., Exxon Mobil Corporation, Clariant
International Ltd, W. R. Grace & Co., China Petroleum & Chemical
Corporation (Sinopec Corp.), Axens SA, Albemarle Corporation, and Haldor Topsoe
A/S. These players have been extensively analyzed, and their market strategies
have been recorded in MRFRs report.
Latest
Industry News
·
BASF has launched its new FCC
catalysts, Luminate. The Luminate FCC catalyst delivers higher liquid yields
and is based on BASF's new and improved Zeolite Y (IZY) technology.
·
Fuji Oil has commenced use of Honeywell UOPs new R364 Platforming catalyst
for the increased production of aromatics for chemical production at its plant in Japan.
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Full Report with TOC Visit@ https://www.marketresearchfuture.com/reports/refinery-catalyst-market-4436
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