Oil & Gas Catalyst Market 2018: Regulations, Market Size, Distribution Channels, Major Companies, Along with Current and Future Outlook
Key market players in this sector include Albemarle Corporation, Arkema SA, The Dow Chemical Company, Exxon Mobil Chemical Corporation, Clariant AG, Evonik Industries, Chevron Phillips Chemical Company, and Honeywell International.
Catalyst are chemicals added in small amounts to speed-up the conversion of raw materials into products. These chemicals do not undergo any changes during the process. They are differentiated based on their phase and the phase of the reactants. They are also categorized based on the processes they are used for. They find application across all industry segments, such as refinery, petrochemicals, chemicals, and foods. With the increased demand for green technologies, catalysts play a very significant role in petroleum refinery operations. Furthermore, key refinery processes such as cracking, hydro processing, and reforming, require the presence of catalysts.
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Growth in energy demand drives the global oil & gas catalyst. The increased demand for catalyst at high temperatures in fluid catalytic crackers to raise octane rating of gasoline is another factor surging the market growth. In addition, increase in R&D activities to improve the overall quality of catalysts also leads to the growth of the market. However, advancements in technology in chemical synthesis reduces the demand for catalyst, thereby restraining the market growth.
The global oil & gas catalyst market is segmented based on ingredients, application, and geography. By ingredients, the market is classified into zeolites, precious metals, rare earth metals, transition metals, and others. Zeolites is further bifurcated into natural and synthetic. Precious metal is further categorized into platinum, palladium, rhodium, and gold. Transition metals is sub-divided into molybdenum, tungsten, cobalt, and nickel, while the others segment includes sulfuric acid and calcium carbonate. By Application, the market is divided into hydrogen production, hydro processing, purification, gas processing, and fluid catalytic cracking. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits for Stakeholders:
• This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
• Major countries in each region are mapped as per individual market revenue.
• The region-wise and country-wise oil & gas catalyst market conditions have been comprehensively analyzed in the report. Key players of the oil & gas catalyst market are also listed.
• This study evaluates the competitive landscape and value chain to understand the competitive environment across geographies.
• An in-depth analysis of segmentation are provided, to elucidate the dominant opportunities.
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