Refinery Catalyst Market Size - Share, Growth, Trends, Analysis by 2027

Posted September 17, 2021 by Marketresearchfuture

Refinery Catalyst Market Size - Share, Growth, Trends, Analysis by 2027
Market Highlights:

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.
Currently, the Refinery Catalyst Market Size 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.
The global Refinery Catalyst Market Size is expected to grow at a CAGR of more than 4% during the forecast period.
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Key Players
The key players of global Refinery Catalyst Market Size 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)
Market Research Analysis
FCC catalyst segment by type in global refinery catalyst is expected to grow at the fastest rate
FCC catalyst segment holds one of the biggest share in the Refinery Catalyst Market Size. FCC catalysts plays a pivotal role in the alteration of heavy atmospheric residue and vacuum distillates into fractions of motor fuels, mainly gasoline. It is widely used to convert the high-boiling, high molecular weight hydrocarbon fractions of petroleum crude oils into more valuable gasoline, olefinic gases and other products. The growing demand for FCC catalysts from the refining industry in emerging economies, such as China and India, also stringent environmental regulations are the key factor for driving the FCC catalyst in global Refinery Catalyst Market Size.
Metals segment by ingredient in global refinery catalyst is expected to grow at the fastest rate
Based on ingredients, metals segment contributed for the largest market share of the Refinery Catalyst Market Size. 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 Size.
Scope of the Report
This study provides an overview of the global Refinery Catalyst Market Size, 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 Size 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

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Categories Biotech , Business , Construction
Tags refinery catalyst market
Last Updated September 17, 2021