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.
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
No comments:
Post a Comment