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Residue Hydro Desulfurization Catalyst Market Estimated To Experience A Hike In Growth By 2026 with Top Trending Companies Haldor Topsoe A/S, Clariant AG, Chevron Phillips Chemical Company

05-02-2019 03:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insight

Residue Hydro Desulfurization Catalyst

Residue Hydro Desulfurization Catalyst

Residue Hydro Desulfurization Catalyst Market: Introduction
Residue hydro desulfurization is a procedure to remove sulfur, nitrogen, and other contamination from natural gas and refined petroleum products including fuel oil, diesel fuel, and others. As sulfur dioxide (SO2) is responsible for increasing pollution in the environment, the process reduce SO2 emissions from fuels. These fuels are majorly used in vehicles, aircraft ships, gas & oil burning power plants, fuel combustion, railroad locomotives, residential & industrial furnaces.

Furthermore, catalyst are used to demonstrate high desulfurization performance for light gas oil, kerosene and other which have high nitrogen concentration. Such oils are difficult to desulfurize including vacuum gas oil, FCC light cycle oil (LCO).

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Key Players in the Residue Hydro Desulfurization Catalyst Market
Key players operating in the market include CRI Catalyst Leuna GmbH, Redkino Catalyst Company, Albemarle Corp, Honeywell UOP, Johnson Matthey PLC, Haldor Topsoe A/S, Clariant AG, Chevron Phillips Chemical Company, W.R. Grace & Co, Axens S.A., and others.

Major players adopt various business strategies such as mergers & acquisitions, new product launches, and product development to gain strong foothold in the market. For instance, in 2016, S-Oil partnered with General Atomics Electromagnetic Systems (GA-EMS), to provide electrostatic separation technology and equipment for its installation in residue upgrading complex (RUC) in Onsan refinery complex in Ulsan, South Korea.

Regional Outlook
North America is expected to achieve significant growth in the market during the forecast period, owing to the stringent standards on gasoline volatility, benzene content, and diesel fuel aromatics content, which limits the exposure of harmful emission via residue hydro desulfurization catalyst. For instance, in 2016, the U.S. implemented diesel and gasoline sulfur standards of 30 ppm (average) and 10 ppm (cap), respectively.

Asia Pacific is expected to sustain lucrative growth rate in the residue hydro desulfurization market during the forecast period. This is attributed to rising pollution related deaths in the region. The residue hydro desulfurization catalyst process reduces the amount of sulfur content in the petroleum products, which in turn would reduce the harmful emissions. According to the Our World in Data, South Asia, Southeast Asia, and East Asia witnessed about 3 million deaths due to exposer to harmful emissions in 2016.

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Market Dynamics
Implementation of stringent norms to reduce harmful emission from vehicle is paving the way for advanced emission control technologies in vehicles and engines, which is boosting demand for clean fuels such as ultra-low sulfur gasoline (ULSG) and ultra-low diesel fuel (ULSD). For instance, as per the national diesel sulfur standard prevailing in the emerging countries such as India is limited to 350 ppm, along with 50ppm which is required to maintain in major Indian cities. Regulating bodies’ measures to maintain sulfur standards for diesel and gasoline creates awareness in the market to reduce harmful emissions. These clean fuels are obtained by hydro desulfurization catalytic process.

Furthermore, rising exposure of harmful air particulates such as sulfur oxide, nitrogen oxide, and others are propelling the residue hydro desulfurization catalyst market. Such exposure might cause serious health implications and lead to deaths, across the globe. This residue hydro desulfurization process lowers down the content of sulfur and nitrogen oxide, which would reduce fuel emission from engines and vehicles. According to Our World in Data, in 2015, Saudi Arabia, and Egypt witnessed highest levels of exposure to such particulates at 105 µg/m3, while countries across Europe, Oceania, and North America had air particulate levels at 5-10µg/m3. Moreover, according to World Health Organization, about 3 million people across the globe died due to ambient air pollution in 2012.

MARKET TAXONOMY
The residue hydro desulfurization catalyst steel market is segmented on the basis of application, end-use Industry, and region:
By Application
• Diesel HydroTreat
• Naphtha
• Others (Gasoline and Kerosene)

By End-use Industry
• Automotive
• Aviation
• Railway
• Marine
• Oil & Gas
By Region
• North America
◦ U.S.
◦ Canada
◦ Mexico
• South America
◦ Brazil
◦ Argentina
◦ Rest of South America
• Europe
◦ U.K.
◦ Germany
◦ Italy
◦ France
◦ Spain
◦ Russia
◦ Rest of Europe
• Asia Pacific
◦ China
◦ India
◦ Japan
◦ South Korea
◦ ASEAN
◦ Australia
◦ Rest of Asia Pacific
• Middle East & Africa

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysisthrough various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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