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.
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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.
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.
To Browse
Full Report with TOC Visit@ https://www.marketresearchfuture.com/reports/refinery-catalyst-market-4436
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