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Refinery Catalyst Market Size, Share, Development by 2024– Top Key players like BASF,Albemarle,Criterion,Inc.
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Refining catalyst is a substance that aids in the conversion of petroleum refinery naphthas into high-octane liquid products. Besides, it also converts low octane hydrocarbons into cyclic naphthalenes and other branched alkanes. Then, these are again dehydrogenated to produce aromatic hydrocarbons with high octane number. Refining catalyst produces high valued elements that are used in petrochemicals, diesel, and gasoline.
Refinery catalyst production is concentrated relatively and is a technology-intensive industry. Currently, there are several producing companies in the world refinery catalyst industry, more of which are located in USA. The main market players are Grace Catalysts Technologies, BASF, Albemarle, Criterion, Johnson Matthey, Haldor Topsoe, UOP (Honeywell) and others. The global production of refinery catalyst will increase to 1052.07 K MT in 2019 from 881.12 K MT in 2014 with the 3.61% average growth rate.
The major raw materials for refinery catalyst are sodium silicate, kaolin, sodium aluminate and others. Fluctuations in the price of the upstream product will impact on the production cost of refinery catalyst, and then impact the price of refinery catalyst.
According to this study, over the next five years the Refinery Catalyst market will register a 3.0% CAGR in terms of revenue, the global market size will reach US$ 5294.2 million by 2024, from US$ 4574.2 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Refinery Catalyst business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Grace Catalysts Technologies
BASF
Albemarle
Criterion
Johnson Matthey
Haldor Topsoe
UOP (Honeywell)
Axens
JGC C&C
Sinopec
CNPC
HCpect
Market Segment by Type, covers
FCC Catalysts
Hydro-processing Catalyst
Others
Market Segment by Applications, can be divided into
Dispersed Catalyst
Supported Catalyst
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Related Information:
North America Refinery Catalyst Market Growth 2019-2024
United States Refinery Catalyst Market Growth 2019-2024
Asia-Pacific Refinery Catalyst Market Growth 2019-2024
Europe Refinery Catalyst Market Growth 2019-2024
EMEA Refinery Catalyst Market Growth 2019-2024
Global Refinery Catalyst Market Growth 2019-2024
China Refinery Catalyst Market Growth 2019-2024
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