Press release
Global Refinery Process Additives Market to Witness a Pronounce Growth During 2023
Refinery Process Additives market. Refinery process additives (RPA) are the chemicals used to enhance the performance of fuel by meeting the fuel specifications setup by government authorities. These additives are added at the time of refinery process as well as can be used to recuperate the performance of particular end product specification such as diesel or gasoline. The Refinery Process Additives products are used in various refinery processes such as distillation process, reformer system, cracker, coker, filling plant process, catalytic reforming, desulfurization, vacuum distillation and so on. These products are only used by oil and gas industry.
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Global Refinery Process Additives Market: Forecast by Type / Application / Region
Refinery process additives can be classified based on application process. Primary process refers to crude oil processing, which are mainly atmospheric distillation and vacuum distillation. Distillation processes can be classified as fluid catalytic cracking(FCC), Hydroprocessing etc. in terms reaction type. Crude Oil Processing is the largest application of refinery process additives, with market share of 60.01% in 2016. Main types of refinery process additives used in the sector are scale inhibitors, antifoams, corrosion inhibitors. In FCC process, additives are mainly for product distribution improvement and product quality improvement.
Refinery process additives market is a fragmented industry with a tail of manufactures from transnational players to small private companies. The leading producers of refinery process additives used in crude oil processing in the worldwide are BASF, Nalco Company, GE Water, Cestoil, and Dorf Ketal Chemicals which takes a combined share of 34.11% in 2016. For FCC additive market, the leading suppliers are BASF, Albemarle, Grace Catalysts Technologies and Johnson Matthey (Interact), which are also the largest suppliers of FCC catalyst in the worldwide. The largest sales area of refinery process additives is Europe. North America and China are also major market of refinery process additives.
Over the next five years, LPI(LP Information) projects that Refinery Process Additives will register a 4.1% CAGR in terms of revenue, reach US$ 1710 million by 2023, from US$ 1400 million in 2017.
Global Refinery Process Additives Market: Key Players
Nalco Company
GE Water
Cestoil
Dorf Ketal Chemicals
Clariant
Arkema
Baker Hughes
Albemarle
Grace Catalysts Technologies
Johnson Matthey (Interact)
Evonik Industries
Dow
Sinopec
CNPC
GPXC
Jiangsu Taihu New Materials
Xingyun Chem
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Related Information:
United States Refinery Process Additives Market Research Report 2018
Europe Refinery Process Additives Market Research Report 2018
North America Refinery Process Additives Market Research Report 2018
Asia-Pacific Refinery Process Additives Market Research Report 2018
China Refinery Process Additives Market Research Report 2018
EMEA Refinery Process Additives Market Research Report 2018
Global Refinery Process Additives Market Research Report 2018
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