Refinery Catalysts Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Refinery Catalysts Market By Type (Hydroprocessing Catalysts, Fluid Catalytic Cracking (FCC) Catalysts, Catalytic Reforming Catalysts and Others), By Ingredient (Zeolites, Chemical Compounds and Metals) and Geography

 

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Description

Refinery Catalysts Market was valued at USD 7.88 Billion in 2020 and is projected to reach USD 14.87 Billion by 2027, growing at a CAGR of 7.9% from 2021 to 2027. A Refinery Catalysts Market is a chemical that is used to transform petroleum refinery naphtha into reformats, which are high-octane liquid products. It also produces cyclic naphthalene and other branched alkanes from low-octane hydrocarbons. The aromatic hydrocarbons are then dehydrogenated one again to create high-octane aromatic hydrocarbons. The companies can generate high-valued components that are used in petrochemicals, diesel, and gasoline by using a refining catalyst.Refinery catalysts are primarily employed in petroleum refineries to change the rate of chemical reactions and improve the quality of gasoline products produced by processes like FCC and hydro-processing. Catalysts for refineries also improve the operational efficiency of valuable hydrocarbons. They also help to remove sulphur from crude oil, which helps to reduce the negative environmental effects of products like gasoline and diesel. Factors such as rising investments in refineries, increasing demand for petroleum products and strict environment regulations imposed by the government are favouring the market. However, high cost of production and volatile metal prices some of the factors hampering the market. In addition, rapidly growing oil and gas activities in emerging countries is one of the major opportunity during the forecast period. However, factors such as are hindering the market growth. Due to increase in annual average crude oil prices revenues rate falls down, mainly because of lower production and increasing demand for alternative energy sources. Oil production has been in long-term decline. Oil sands have the largest upside, as only 70 of the 170 billion barrels of oil potential are currently under development. Global refinery catalysts market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2015, Haldor Topsoe A/S signed an agreement with Increase Performance Inc. to acquire complete ownership of the Furnace Manager Technology. The company believes that the acquisition will be an essential development of the technology and service offering to Topsoe’s global client base.

 


Global Refinery Catalysts Market

MARKET SUMMARY
-
7.9%

Study Period– 2021-2027
Base Year– 2020
CAGR– 7.9%
Largest Market– Asia-Pacific
Fastest Growing Market– Latin America


Refinery Catalysts Market

  • The report on global refinery catalysts market gives historical, current, and future market sizes (US$ Bn) on the basis of type, ingredient and region.
  • This report studies global refinery catalysts market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, global refinery catalysts market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global refinery catalysts market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
  • Key stakeholders of the global refinery catalysts market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global refinery catalysts products.
Market Key Players
  • BASF SE
  • Haldor Topsoe A/S
  • Albemarle Corporation
  • Honeywell, Uop Llc.
  • Clariant International Ltd
  • Arkema Group
  • China Petroleum & Chemical Corporation (Sinopec Corp.)
  • Axens Sa
  • Kuwait Catalyst Company
  • Nippon Ketjen Co., Ltd.
Growth

Refinery Catalysts Market

In refineries, refinery catalysts are used to convert petroleum product from crude to elevated octane liquids such as kerosene, oil, diesel to other liquid products. These catalysts are used for a variety of procedures, including hydrotreating and hydrocracking. The petroleum refining industry converts crude oil into more than 2500 refined products, including liquefied petroleum gas, gasoline, kerosene, aviation fuel, diesel fuel, fuel oils, lubricating oils, and feedstocks for the petrochemical industry. Furthermore, the increasing operations associated with petroleum and gas are also likely to boost demand for refinery catalysts during the forecast era, particularly in the developing Asia Pacific region.


Asia-Pacific Got Significant Share

Refinery Catalysts Market

Global refinery catalysts market report gives comprehensive outlook on refinery catalysts across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Due to population growth and increased industrialization, Asia-Pacific dominates the refinery catalysts industry. Furthermore, during the projected period, the region's refinery catalysts market will benefit from strict government norms and environmental laws. Because of the increased use of petroleum products, Latin America is expected to see considerable expansion in the refinery catalysts market. Furthermore, the rising demand for gasoline and ultra-low sulphur diesel is expected to drive the refinery catalysts market in the region to new heights in the coming years.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Refinery Catalysts Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Refinery Catalysts Market Introduction
    • Global Refinery Catalysts Market – Taxonomy
    • Global Refinery Catalysts Market –Definitions
      • Type
      • Ingredient
  1. Global Refinery Catalysts Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Refinery Catalysts Market Dynamic Factors – Impact Analysis
    • Global Refinery Catalysts Market – Competition Landscape
  2. Global Refinery Catalysts Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Refinery Catalysts Market, By Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Hydroprocessing Catalysts
      • Hydrotreating Catalysts
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Hydrocracking Catalysts
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Fluid Catalytic Cracking (FCC) Catalysts
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Catalytic Reforming Catalysts
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Others
        • Alkylation Catalysts
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Isomerization Catalysts
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
  1. Global Refinery Catalysts Market, By Ingredient, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Zeolites
      • Synthetic Zeolites
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Natural Zeolites
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Chemical Compounds
        • Sulfuric Acid & Hydrofluoric Acid
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Calcium Carbonate
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Metals
          • Precious Metals
            • Platinum (PT)
              • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
              • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
              • Market Opportunity Analysis
            • Palladium (PD)
              • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
              • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
              • Market Opportunity Analysis
            • Gold (AU)
              • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
              • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
              • Market Opportunity Analysis
            • Rare Earth Metals
              • Platinum (PT)
                • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                • Market Opportunity Analysis
              • Transition & Base Metals
                • MOlybdenum (MO)
                  • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                  • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                  • Market Opportunity Analysis
                • Tungsten (W)
                  • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                  • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                  • Market Opportunity Analysis
                • Cobalt (CO)
                  • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                  • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                  • Market Opportunity Analysis
                • Nickel (NI)
                  • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                  • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                  • Market Opportunity Analysis
                • Iron (FE)
                  • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                  • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                  • Market Opportunity Analysis
                • Zirconium (ZR)
                  • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                  • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                  • Market Opportunity Analysis
                • Chromium (CR)
                  • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                  • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                  • Market Opportunity Analysis
                • Manganese (MN)
                  • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                  • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                  • Market Opportunity Analysis
  1. Global Refinery Catalysts Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Refinery Catalysts Market – Opportunity Analysis Index, By Type, Ingredient and Region, 2019 – 2025
  2. North America Refinery Catalysts Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydroprocessing Catalysts
        • Hydrotreating Catalysts
        • Hydrocracking Catalysts
      • Fluid Catalytic Cracking (FCC) Catalysts
      • Catalytic Reforming Catalysts
      • Others
        • Alkylation Catalysts
        • Isomerization Catalysts
      • Ingredient Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Zeolites
          • Synthetic Zeolites
          • Natural Zeolites
        • Chemical Compounds
          • Sulfuric Acid & Hydrofluoric Acid
          • Calcium Carbonate
        • Metals
          • Precious Metals
            • Platinum (PT)
            • Palladium (PD)
            • Gold (AU)
          • Rare Earth Metals
          • Transition & Base Metals
            • MOlybdenum (MO)
            • Tungsten (W)
            • Cobalt (CO)
            • Nickel (NI)
            • Iron (FE)
            • Zirconium (ZR)
            • Chromium (CR)
            • Manganese (MN)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • US
            • Canada
          • North America Refinery Catalysts Market – Opportunity Analysis Index, By Type, Ingredient and Country, 2019 – 2025
          • North America Refinery Catalysts Market Dynamics – Trends
  1. Europe Refinery Catalysts Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydroprocessing Catalysts
        • Hydrotreating Catalysts
        • Hydrocracking Catalysts
      • Fluid Catalytic Cracking (FCC) Catalysts
      • Catalytic Reforming Catalysts
      • Others
        • Alkylation Catalysts
        • Isomerization Catalysts
      • Ingredient Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Zeolites
          • Synthetic Zeolites
          • Natural Zeolites
        • Chemical Compounds
          • Sulfuric Acid & Hydrofluoric Acid
          • Calcium Carbonate
        • Metals
          • Precious Metals
            • Platinum (PT)
            • Palladium (PD)
            • Gold (AU)
          • Rare Earth Metals
          • Transition & Base Metals
            • MOlybdenum (MO)
            • Tungsten (W)
            • Cobalt (CO)
            • Nickel (NI)
            • Iron (FE)
            • Zirconium (ZR)
            • Chromium (CR)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • Germany
            • UK
            • France
            • Spain
            • Italy
            • Russia
            • Poland
            • Rest of Europe
          • Europe Refinery Catalysts Market – Opportunity Analysis Index, By Type, Ingredient and Country, 2019 – 2025
          • Europe Refinery Catalysts Market Dynamics – Trends
  1. Asia-Pacific Refinery Catalysts Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydroprocessing Catalysts
        • Hydrotreating Catalysts
        • Hydrocracking Catalysts
      • Fluid Catalytic Cracking (FCC) Catalysts
      • Catalytic Reforming Catalysts
      • Others
        • Alkylation Catalysts
        • Isomerization Catalysts
      • Ingredient Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Zeolites
          • Synthetic Zeolites
          • Natural Zeolites
        • Chemical Compounds
          • Sulfuric Acid & Hydrofluoric Acid
          • Calcium Carbonate
        • Metals
          • Precious Metals
            • Platinum (PT)
            • Palladium (PD)
            • Gold (AU)
          • Rare Earth Metals
          • Transition & Base Metals
            • MOlybdenum (MO)
            • Tungsten (W)
            • Cobalt (CO)
            • Nickel (NI)
            • Iron (FE)
            • Zirconium (ZR)
            • Chromium (CR)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • Japan
            • China
            • India
            • ASEAN
            • Australia & New Zealand
            • Rest of Asia-Pacific
          • Asia-Pacific Refinery Catalysts Market – Opportunity Analysis Index, By Type, Ingredient and Country, 2019 – 2025
          • Asia-Pacific Refinery Catalysts Market Dynamics – Trends
  1. Latin America Refinery Catalysts Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydroprocessing Catalysts
        • Hydrotreating Catalysts
        • Hydrocracking Catalysts
      • Fluid Catalytic Cracking (FCC) Catalysts
      • Catalytic Reforming Catalysts
      • Others
        • Alkylation Catalysts
        • Isomerization Catalysts
      • Ingredient Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Zeolites
          • Synthetic Zeolites
          • Natural Zeolites
        • Chemical Compounds
          • Sulfuric Acid & Hydrofluoric Acid
          • Calcium Carbonate
        • Metals
          • Precious Metals
            • Platinum (PT)
            • Palladium (PD)
            • Gold (AU)
          • Rare Earth Metals
          • Transition & Base Metals
            • MOlybdenum (MO)
            • Tungsten (W)
            • Cobalt (CO)
            • Nickel (NI)
            • Iron (FE)
            • Zirconium (ZR)
            • Chromium (CR)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • Brazil
            • Mexico
            • Argentina
            • Venezuela
            • Rest of Latin America
          • Latin America Refinery Catalysts Market – Opportunity Analysis Index, By Type, Ingredient and Country, 2019 – 2025
          • Latin America Refinery Catalysts Market Dynamics – Trends
  1. Middle East and Africa Refinery Catalysts Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hydroprocessing Catalysts
        • Hydrotreating Catalysts
        • Hydrocracking Catalysts
      • Fluid Catalytic Cracking (FCC) Catalysts
      • Catalytic Reforming Catalysts
      • Others
        • Alkylation Catalysts
        • Isomerization Catalysts
      • Ingredient Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Zeolites
          • Synthetic Zeolites
          • Natural Zeolites
        • Chemical Compounds
          • Sulfuric Acid & Hydrofluoric Acid
          • Calcium Carbonate
        • Metals
          • Precious Metals
            • Platinum (PT)
            • Palladium (PD)
            • Gold (AU)
          • Rare Earth Metals
          • Transition & Base Metals
            • MOlybdenum (MO)
            • Tungsten (W)
            • Cobalt (CO)
            • Nickel (NI)
            • Iron (FE)
            • Zirconium (ZR)
            • Chromium (CR)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • Gulf Cooperation Council (GCC) Countries
            • Israel
            • South Africa
            • Rest of MEA
          • MEA Refinery Catalysts Market – Opportunity Analysis Index, By Type, Ingredient and Country, 2019 – 2025
          • MEA Refinery Catalysts Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • BASF SE
      • Haldor Topsoe A/S
      • Albemarle Corporation
      • Honeywell, Uop Llc.
      • Clariant International Ltd
      • Arkema Group
      • China Petroleum & Chemical Corporation (Sinopec Corp.)
      • Axens Sa
      • Kuwait Catalyst Company
      • Nippon Ketjen Co., Ltd.
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • BASF SE
  • Haldor Topsoe A/S
  • Albemarle Corporation
  • Honeywell, Uop Llc.
  • Clariant International Ltd
  • Arkema Group
  • China Petroleum & Chemical Corporation (Sinopec Corp.)
  • Axens Sa
  • Kuwait Catalyst Company
  • Nippon Ketjen Co., Ltd.

Description

Refinery Catalysts Market was valued at USD 7.88 Billion in 2020 and is projected to reach USD 14.87 Billion by 2027, growing at a CAGR of 7.9% from 2021 to 2027. A Refinery Catalysts Market is a chemical that is used to transform petroleum refinery naphtha into reformats, which are high-octane liquid products. It also produces cyclic naphthalene and other branched alkanes from low-octane hydrocarbons. The aromatic hydrocarbons are then dehydrogenated one again to create high-octane aromatic hydrocarbons. The companies can generate high-valued components that are used in petrochemicals, diesel, and gasoline by using a refining catalyst.Refinery catalysts are primarily employed in petroleum refineries to change the rate of chemical reactions and improve the quality of gasoline products produced by processes like FCC and hydro-processing. Catalysts for refineries also improve the operational efficiency of valuable hydrocarbons. They also help to remove sulphur from crude oil, which helps to reduce the negative environmental effects of products like gasoline and diesel. Factors such as rising investments in refineries, increasing demand for petroleum products and strict environment regulations imposed by the government are favouring the market. However, high cost of production and volatile metal prices some of the factors hampering the market. In addition, rapidly growing oil and gas activities in emerging countries is one of the major opportunity during the forecast period. However, factors such as are hindering the market growth. Due to increase in annual average crude oil prices revenues rate falls down, mainly because of lower production and increasing demand for alternative energy sources. Oil production has been in long-term decline. Oil sands have the largest upside, as only 70 of the 170 billion barrels of oil potential are currently under development. Global refinery catalysts market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2015, Haldor Topsoe A/S signed an agreement with Increase Performance Inc. to acquire complete ownership of the Furnace Manager Technology. The company believes that the acquisition will be an essential development of the technology and service offering to Topsoe’s global client base.

 

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