openPR Logo
Press release

Refinery Catalyst Market 2018 - Global Industry Analysis, Size, Share, Growth, Trends and Forecast by 2025 | Honeywell, W. R. Grace & Co., Shell, Criterion Catalysts & Technologies, Haldor Topsoe A/S, ExxonMobil, Albemarle Corporation, BASF, China Petrole

China Refinery Catalyst Market Size, by Type, 2014 – 2025 (USD Million)

China Refinery Catalyst Market Size, by Type, 2014 – 2025 (USD Million)

A comprehensive overview of Refinery Catalyst Market with respect to the contribution by Indian Oil Company and Saudi Aramco : global industry valuation to cross USD 135 million in 2025. Refinery Catalyst industry was estimated to be beyond USD 4 billion in 2017 and will surpass USD 5.8 billion by 2025. Refinery Catalyst Business predicted to grow at over 3% CAGR from 2018 to 2025; according to a new research report by Global Market Insights, Inc.

Increasing demand for reformulated gasoline has played a significant role in strengthening the refinery catalyst market, with stringent emission control regulations and environmental laws being implemented. Blended on the chemical level to burn more cleanly and efficiently than conventional fuels, reformulated gasoline is attributed with the benefit of reducing toxic pollutants and smog-formation in our air.

Request for a sample copy 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.

Growth drivers

1. Revival of global oil & gas industry
2. Growing demand for petroleum derivatives
3. Tightening legislation to reduce sulfur content
4. Increasing automotive demand in Asia Pacific

The refinery catalyst industry is gradually aligning with the increased petroleum production resulting from the resurgence of oil & gas industry, in the process of stabilizing after a tremendous downfall earlier in the decade. With an attempt by major refineries worldwide to comply with fuel standards, achieve operational efficiency and enhance the fuel output with minimum emissions, the refinery catalyst market can soon be expected to achieve escalated consumption rates.

Refinery Catalyst Market, Type By Material

• FCC Catalyst

• Hydroprocessing catalyst

• Hydrotreating catalyst

• Hydrocracking catalyst

• Other hydroprocessing catalyst

• Alkylation catalyst

• Reforming & Isomerization catalyst

• Others

Refinery Catalyst Market, By Material

o Zeolite
o Metal
o Chemical compound
o Others

Company Profile :

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
11. W. R. Grace & Co.
12. Axens
13. Johnson Matthey
14. Chempack

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.

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

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.

Another instance that envisions a growing refinery catalyst market is the cooperative venture between Indian Oil Company and Saudi Aramco, recently joined by the Abu Dhabi National Oil Company (ADNOC) which will buy 50% of Aramco’s share in the venture. The project is aimed at building a USD 44 billion refinery and petrochemical complex in the coastal city of Ratnagiri, India. The refinery is a part of the country’s target to achieve a refining capacity of over 9 million barrels by the end of 2030. Similar expansions can be observed across other Asian countries, where oil companies are working to cater the pumped up demand for fuel and also adhere to the environmental mandates, boosting the worldwide refinery catalyst market.

A key incentive towards the growth of the refinery catalyst industry is a global population that is multiplying exponentially, impelling the fuel demand for use in transportation & industrial power generation. Reportedly, the transportation sector, comprising of automobile, aviation and marine is responsible for more than 60% of the total fuel utilization. Considering the prediction by the United Nations that indicates reaching a global population of over 9.8 billion by the year 2050, one can only surmise the amount of resources that will be required to support the extensive energy needs of the future.

With China and India being the most populated nations, the Asia-Pacific refinery catalyst market apportioned for over 30% of the overall industry owing to the cumulative reformulated fuel consumption. As these two countries are expected to remain the top two inhabited nations going forward as well and are introducing tighter legislations to curb emissions, the Asia-Pacific belt is slated to contribute enormously to the refinery catalyst market.

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.

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.
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.

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://headlinenewsnation.com

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 2018 - Global Industry Analysis, Size, Share, Growth, Trends and Forecast by 2025 | Honeywell, W. R. Grace & Co., Shell, Criterion Catalysts & Technologies, Haldor Topsoe A/S, ExxonMobil, Albemarle Corporation, BASF, China Petrole here

News-ID: 1535870 • Views:

More Releases from Global Market Insights Inc.

Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Included – Dow Dupont Inc., BASF SE, Clariant AG & More
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application. The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - Walmart, Costco Wholesale Corporation, LGM Pharma
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil. Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Trends to 2024 | MFG Chemicals, Huntsman Corporation, and Stepan Company
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024. Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care. Sulfosuccinates are mainly a mild type
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/233 Top Key Players in The Market are: Graphenea S.A., Applied Graphene Materials plc, ACS

All 5 Releases


More Releases for Catalyst

Cr-based Alkanes Dehydrogenation Catalyst Market 2025: Innovations, Trends, and …
Los Angeles-United State: QY Research has recently published a research report titled, "Cr-based Alkanes Dehydrogenation Catalyst - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" assessing various factors impacting its trajectory. The market research report is a perfect tool for digging deep into critical aspects of the global Cr-based Alkanes Dehydrogenation Catalyst market and closely understanding factors that influence its growth. Our research analysts are experienced enough
Catalyst Market Economic Drivers Factors Influencing Catalyst Market Expansion - …
In recent years, the global Catalyst Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Catalyst Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis,
Diesel Engine Catalyst Market Report 2024 - Diesel Catalyst Market Size And Grow …
"The Business Research Company recently released a comprehensive report on the Global Diesel Engine Catalyst Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive
Continuous Catalyst Regeneration (CCR) Catalyst Market Segmentation & Analysis, …
Los Angeles, USA: QY Research has recently unveiled a comprehensive report titled, "Global Continuous Catalyst Regeneration (CCR) Catalyst Market Report: Insights, Forecast to 2030." This detailed analysis examines the multiple elements shaping the future of the global Continuous Catalyst Regeneration (CCR) Catalyst market. The Continuous Catalyst Regeneration (CCR) Catalyst report serves as an invaluable resource for industry players, providing precise and extensive research insights necessary for strategic decision-making. The analysts have
Refinery Catalyst Market: Refinery Catalyst Market Projections: Innovations and …
Market Overview: Refinery catalysts are used in petroleum refining operations to facilitate and accelerate chemical reactions for conversion of crude oil into useful petroleum products like gasoline, diesel, jet fuel etc. Without catalysts, refining processes would be inefficient or not commercially viable. Get Sample Report with Global Industry Analysis @ https://www.coherentmarketinsights.com/insight/request-sample/736 Major Players Are: ✤ BP Global and Royal Dutch Shell. Other key industry participants include YARA International ✤ Foster Wheeler AG ✤ OXEA GmbH ✤ W
Global Homogeneous Catalyst Market, Global Homogeneous Catalyst Industry, Covid- …
Homogeneous catalysts such as transition metal complexes have been utilized for the chemical reactions on the biopolymers. Homogeneous catalysts were the catalysts of choice in the early days of metathesis reactions. They entailed of a transition metal compound and a non-transition metal compound, primarily organometallic as cocatalysts. Although, the homogeneous catalysts have high probable to speed up the reaction rate, augment selectivity, conversion rate, and diminish side reactions, they cannot