openPR Logo
Press release

What's Driving The Refinery Catalyst Market Size? | Top Key players - ExxonMobil, Shell, BASF, Albemarle Corporation, Haldor Topsoe A/S, Honeywell UOP, W. R. Grace & Co., Axens, Johnson Matthey, China Petroleum

06-07-2019 07:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Refinery Catalyst Market

Refinery Catalyst Market

On the basis of materials, refinery catalyst market is segmented into zeolite, chemical compound, metal and others. The metal-based segment is likely to have the market share of more than 30% of the total refinery catalysts market size by 2025. Vanadium, molybdenum, cobalt, nickel and other precious metals are preferably used as the metal based catalysts. These metals are vastly used in reforming and hydrotreating processes owing to their efficient eradication of impurities and reduction of hazardous & toxic gas emission into the atmosphere.

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

The Refinery Catalyst Market is set to grow from its current market value of more than $4 billion to over $5.5 billion by 2025; as reported in the latest study by Global Market Insights, Inc. Refinery catalysts are used all over the refining sector to convert heavy crude oil to lighter derivatives. Tightening of the fuel quality standards including reduction of olefins, benzene, and other aromatics in gasoline, along with the global shift towards fuels with extremely low sulfur content will require refining industry to undertake significant upgradation.

Petroleum refiners investing heavily for the upgradation and expansion of the refineries for meeting the emission norms and sulfur content regulations will have a positive impact on refinery catalysts market size in coming years. The product finds wide range of applications in many processes which include reforming, isomerization, catalytic cracking, desulfurization, etc.

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

The rapid development of unorthodox oil reserves will further boost the growth of the global refinery catalyst market during the forecast period. The products provide most favorable butylene selectivity, improved metals tolerance ability and optimum selectivity & conversion on light feeds which will propel the growth of the product market in coming years.

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

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

Refinery catalysts production includes high usage of rare earth metals like molybdenum, tungsten, vanadium, etc. which are found in limited locations around the world, making the raw material supply strenuous and heavily reliant on the global trade laws. This factor causes volatility in the raw material price trends and may hinder the market growth over the coming years.

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

The key product variants include FCC (fluid catalytic cracking), alkylation, hydroprocessing, and reforming & isomerization. Among these product types, FCC segment will accumulate more than two-third of overall refinery catalysts market by the end of the forecast spell. These products are primarily used for breaking down heavy crude oils into lighter molecule hydrocarbons upon heating.

On the basis of materials, the market is segmented into zeolite, chemical compound, metal and others. The metal-based segment is likely to have the market share of more than 30% of the total refinery catalysts market size by 2025. Vanadium, molybdenum, cobalt, nickel and other precious metals are preferably used as the metal based catalysts. These metals are vastly used in reforming and hydrotreating processes owing to their efficient eradication of impurities and reduction of hazardous & toxic gas emission into the atmosphere.

In the Kingdom of Saudi Arabia, the refinery catalyst market will be worth more than USD 180 million by the end of 2025. The country has the second largest crude oil reserve in the world and is now shifting its focus towards the downstream petrochemicals sector, investing in development and expansion of the refineries. Steps such as expansion of the SATORP refinery (joint venture of Total and Saudi Aramco) in the country will prosper the regional product demand in near future.

Browse key industry insights spread across 370 pages with 560 market data tables & 31 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

Major companies in refinery catalyst market include Albemarle, Honeywell UOP, Royal Dutch Shell, W. R. Grace & Co., Haldor Topsoe, Clariant, Axens, Johnson Matthey, and BASF. These companies focus on new product development to increase the refinery efficiency while following the strict environmental regulations.

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: www.gminsights.com
Blog: technologymagazine.org

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.

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 What's Driving The Refinery Catalyst Market Size? | Top Key players - ExxonMobil, Shell, BASF, Albemarle Corporation, Haldor Topsoe A/S, Honeywell UOP, W. R. Grace & Co., Axens, Johnson Matthey, China Petroleum here

News-ID: 1767413 • Views:

More Releases from Global Market Insights

Acoustic Diaphragm Market slated to observe traction for polypropylene material in earphones & loudspeakers
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market outlook?
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet

All 5 Releases


More Releases for Refinery

Crude Oil Refinery Market to Watch: Spotlight on Isla Oil Refinery, Paraguana Re …
Global Crude Oil Refinery Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Crude
Oil Refining Market And Top Key Players are Baton Rouge Refinery (ExxonMobil), G …
The global oil refining market is estimated to grow from US$XX in 2017 to US$XX in 2022, at a CAGR of XX% during the forecast period .Currently, crude oil is one of the most present and essential' resources. It is processed at an oil refinery and converted into more useful forms such as gasoline, diesel fuel, naptha, kerosene etc. Typically oil refineries are large, sprawling industrial complexes with extensive piping
Refinery, Re-refinery, and Bio Fuel Catalysts 2018 Global Market – Opportuniti …
WiseGuyReports.Com Publish a New Market Research Report On –“ Refinery, Re-refinery, and Bio Fuel Catalysts 2018 Global Market – Opportunities, Challenges, Strategies & Forecasts 2022”. Description:- The 2016 study has 36 pages, 18 tables and figures in excel. Worldwide Refinery, Re-refinery, and Bio Fuel Catalysts markets are poised to achieve significant growth with the shift in types of feedstock being processed. Markets for the biofuel catalysts have the strongest growth throughout the forecast
Refinery, Re-refinery, and Bio Fuel Catalysts 2017 Global Market Key Players - R …
Refinery, Re-refinery, and Bio Fuel Catalysts Market 2017                    Wiseguyreports.Com Adds “Refinery, Re-refinery, and Bio Fuel Catalysts Market-Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022” To Its Research Database. Description: The 2016 study has 36 pages, 18 tables and figures in excel. Worldwide Refinery, Re-refinery, and Bio Fuel Catalysts markets are poised to achieve significant growth with the shift in types of feedstock being processed. Markets for the biofuel catalysts
Global Refinery Maintenance Review Report 2017: Refinery Maintenance Soars in As …
A latest research report titled as ” Global Refinery Maintenance Review Report 2017: Refinery Maintenance Soars in Asia ” has been recently added to the vast portfolio of Market Research Hub (MRH) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive
Refinery, Re-refinery, and Bio Fuel Catalysts Market Will Reach At 8.5 billion b …
The 2016 study has 36 pages, 18 tables and figures in excel. Worldwide Refinery, Re-refinery, and Bio Fuel Catalysts markets are poised to achieve significant growth with the shift in types of feedstock being processed. Request For Sample Report @http://www.marketresearchreports.biz/sample/sample/666448 Markets for the biofuel catalysts have the strongest growth throughout the forecast period, the environmental concerns worldwide will provide a thrust for these catalysts. The technology appears to be relatively mature. The