Refinery Catalyst Market Leading Regions, Top Key Player and SIZE 2018.

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The global refining catalyst industry refines more than 85 million barrels of crude oil every day in order to meet the surging demand for petroleum products. Steady production and sales of automobiles and increasing industrial activity provides strong baseline factors that support growth in the market. 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 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.

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Asia-Pacific region market is expected to grow at the fastest rate

Asia-Pacific region is the leading market for Refinery Catalysts market and is followed by North-America. The overall growth in refinery infrastructure and increase in fuel consumption in the countries such as India and China, is driving the market for refinery catalysts. The Asia-Pacific refinery catalyst market is most prominently driven due to large scale refining activities, so fulfill the growing energy consumption.

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The key players of global refinery catalyst market 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).

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