openPR Logo
Press release

Refinery Catalyst Market to grow at 3% CAGR till 2025 | Johnson Matthey, Axens, W. R. Grace & Co., Honeywell, Haldor Topsoe A/S, China Petroleum, BASF, Albemarle Corporation, ExxonMobil, Shell

Refinery Catalyst Market

Refinery Catalyst Market

Refinery Catalyst Market to grow at over 3% CAGR and to hit USD 5.8 billion by 2025; according to a new research report by Global Market Insights, Inc. The development of unconventional oil reserves will provide a lucrative growth to the global refinery catalyst market over the forecast spell. For instance, the processing of shale oil in North America will propel the product growth owing to the large amount of metal contaminants and heat balance issues. The refinery catalysts provide optimum butylene selectivity, maximum conversion and selectivity on light feeds and metals tolerance ability, which will spur the product market during the forecast time period.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2668

Asia Pacific has been the most significant automotive market with high production as well as demand. Unceasingly rising living standards and GDP growth coupled with the increasing number of people residing in the high and middle-income groups in the Asia Pacific region will fuel the refinery catalyst market demand. China, India, Japan, and South Korea accounted close to 40% of the global automotive sales in 2017, including both commercial as well as personal vehicles and this is likely to increase in the coming years. This will result in increase in consumption of diesel and petrol. Such trends are predicted to further fuel the refinery catalyst market over the forecast timeframe.

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.

On the other flip, fluctuation in raw material prices and production cost will encumber the product market. Rare earth metals such as molybdenum, vanadium, tungsten, etc. find excessive usage in the production of refinery catalysts. Concentration of these ores in specific locations across the globe make the supply difficult and dependent on international trade laws.

Company profiled in this report based on Business overview, Financial data, Product 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

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2668

Refinery catalyst market has been fragmented on the basis of type, material and region. The different product types include fluid catalytic cracking (FCC), alkylation, reforming & isomerization, hydro processing, and others. Among all, FCC product will hold nearly one-third of the total product market throughout the forecast span. FCC product break heavy gas oil range feeds into smaller molecules in the presence of heat. It is used for the production of gasoline in refining process. Majorly used material for FCC product is zeolite with some amount of rare earth metals.

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.

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.

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

Refinery Catalyst Market, By Material
o Zeolite
o Metal
o Chemical compound
o Others

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

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Refinery Catalyst Market to grow at 3% CAGR till 2025 | Johnson Matthey, Axens, W. R. Grace & Co., Honeywell, Haldor Topsoe A/S, China Petroleum, BASF, Albemarle Corporation, ExxonMobil, Shell here

News-ID: 1505927 • Views: 836

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Catalyst

2025, Global Chemical Catalyst Market By Catalyst Type - Heterogeneous Catalyst, …
Researchmoz added Most up-to-date research on "2025, Global Chemical Catalyst Market By Catalyst Type - Heterogeneous Catalyst, Homogeneous Catalyst and Enzymatic Catalyst" to its huge collection of research reports. Global Chemical Catalyst market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the
Supported Catalyst Market
The report package Supported Catalyst Markets in the World to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook for supported catalysts in the world. Get sample copy of the Report: http://www.reportsweb.com/inquiry&RW0001873574/sample Along with a global supported catalyst market report the package includes country reports from the following countries: Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Bulgaria, Canada, Chile, China,
Global Stationary Emission Control Catalysts Market By Product Type - Honeycomb …
Researchmoz added Most up-to-date research on "Global Stationary Emission Control Catalysts Market By Product Type - Honeycomb Catalyst, Plate Catalyst & Corrugated Catalyst" to its huge collection of research reports. This report studies Stationary Emission Control Catalysts in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses
Enzymatic Catalyst Market Growth 2017
Here comes the New Version of Enzymatic Catalyst Market Research Report is a core market research report in this current market. This report majorly discuss the global and regional market, major manufacturers and segment market details various classifications and mode of applications. Do u Want Sample of report then visit at: https://www.1marketresearch.com/sample/?flag=rs&rep_id=3067&sku=1638 Here is Top Manufacturers which covers in this report: Ineos Group AG Chevron Phillips Chemical Company Albemarle Corporation LyondellBasell Industries N.V Honeywell International Clariant AG Exxon Mobil Corporation Johnson
Global Silica-Supported Polyolefin Catalyst
Report of Global Silica-Supported Polyolefin Catalyst. The report firstly introduced the Silica-Supported Polyolefin Catalyst basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. For Sample Report Request: http://www.reporthive.com/request-sample.php?id=809570 Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. TOC (Table of content) For Report: Part I Silica-Supported Polyolefin Catalyst Industry
Global Silica-Supported Polyolefin Catalyst
Global Silica-Supported Polyolefin Catalyst. The report firstly introduced the Silica-Supported Polyolefin Catalyst basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. For sample Report Request: http://www.reporthive.com/request-sample.php?id=809570 In the end, the report introduced new project SWOT analysis, investment feasibility analysis,