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.
Key Players
·
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
·
Haldor Topsoe A/S
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
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.
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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