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Albemarle Corporation, Axens, Johnson Matthey Refinery Catalyst Market Share - Global Industry Size Report 2018-2025 | BASF, Haldor Topsoe A/S, Honeywell UOP, W. R. Grace & Co., China Petroleum, Shell, ExxonMobil
Refinery Catalyst Market
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Based on materials, the product industry is classified into zeolite, metal, chemical compound and others. Metal based catalysts will account for over 35% of the global refinery catalyst market in 2025. Molybdenum, vanadium, nickel, cobalt and other noble and rare earth metals are among the metals used for metal-based refinery catalysts. These are majorly used in hydroprocessing catalysts as these are useful to eradicate impurities and reduce the emission of toxic and hazardous gas into the environment.
landscape, Strategic outlook & SWOT analysis:
1. Shell
2. ExxonMobil
3. Albemarle Corporation
4. BASF
5. China Petroleum
6. Criterion Catalysts & Technologies
7. Anten Chemical Co., Ltd.
8. Filtra Catalysts & Chemicals Ltd.
9. Haldor Topsoe A/S
10. Honeywell UOP
11. W. R. Grace & Co.
12. Axens
13. Johnson Matthey
14. Chempack
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Increasing investment by the refiners towards expansion and upgradation of refineries to meet the emission regulation and sulfur content will positively affect the refinery catalyst market size in upcoming years. These products are used for various processes including reforming, catalytic cracking, isomerization, desulfurization, hyroprocessing, etc. Increasing sour crude oil will augment the refinery catalyst market owing to more contaminants and heavy crude oil distillation, which necessitate the product demand.
Growth drivers
• Revival of global oil & gas industry
• Growing demand for petroleum derivatives
• Tightening legislation to reduce sulfur content
• Increasing automotive demand in Asia Pacific
Browse key industry insights spread across 340 pages with 562 market data tables & 21 figures & charts from the report, “Refinery Catalyst Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/refinery-catalyst-market
Saudi Arabia refinery catalyst market will generate revenue over USD 135 million in 2025 as the country is the largest producer of petroleum products in Middle East and Africa region, contributing to nearly 90 million tons per annum. In 2018, Saudi Aramco, the state oil company of Saudi Arabia, and Total signed an agreement for the expansion of their joint venture refinery SATORP in Saudi Arabia. This will increase the refinery catalyst demand in this region in coming years.
Key players in the refinery catalyst industry which holds the major market chunk include Shell, Criterion Catalysts & Technologies, China Petroleum & Chemical Corporation (Sinopec), Haldor Topsoe, Johnson Matthey, BASF, Albemarle, and Honeywell Uop.
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