Press release
Refinery Catalyst Market Release involving Global Key Players by WMR
Western Market Research has promoted its recent exclusive report on "Refinery Catalyst Market Size And Forecast To 2025 " which is based on comprehensive research and supported by robust, carefully validated data, this 148 pages report will serve as a complete guide for organizations and governments across the globe aspiring to make a strategic move in strengthening their presence in the sector. It will also serve as a very insightful tool for those organizations seeking to deepen their knowledge in the sector.Refinery Catalyst Market
By Product (Hydrotreating Catalysts, Hydrocracking Catalyst, FCC Catalysts, Catalytic Reforming Catalysts), Ingredient (Chemical Compounds, Zeolites, Metals) and Region (North America, Asia Pacific, Europe, Latin America, Rest of the World) Market Size, Status and Forecast to 2025
Market Analysis:
The global refinery catalyst market was valued at USD 6.81 billion in 2017 and is projected to reach USD 8.69 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025.
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Market Definition:
Refinery catalysts belongs to the class of chemical compounds that improve the process of catalytic cracking. Catalytic cracking is a process employed in the oil & gas industry. The market is expected to witness significant growth owing to rise in number of refineries and capacity additions in Asia Pacific.
Market Dynamics:
1. Market Drivers
1.1 Higher demand for refined petroleum products
1.2 Increase in refinery capacity across Asia Pacific and the Middle East
1.3 Upgradation of existing low NCI refineries
2. Market Restraints
2.1 High cost of usage of polymeric adsorbents
Market Segmentation:
The global refinery catalyst market is segmented on the basis of product, ingredient, and region.
1. Global Refinery Catalyst Market, by Product:
1.1 Fluid Catalytic Cracking Catalysts
1.2 Hydroprocessing Catalysts
1.2.1 Hydrotreating Catalysts
1.2.2 Hydrocracking Catalysts
1.3 Catalytic Reforming Catalysts
1.4 Others
1.4.1 Alkylation Catalysts
1.4.2 Isomerization Catalysts
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2. Global Refinery Catalyst Market, by Ingredient:
2.1 Zeolites
2.1.1 Natural Zeolites
2.1.2 Synthetic Zeolite
2.2 Metals
2.2.1 Precious Metals
2.2.2 Platinum
2.2.3 Palladium
2.2.4 Gold
2.3 Rare Earth Elements
2.3.1 Transition & Base Metals
2.3.2 Molybdenum
2.3.3 Tungsten
2.3.4 Cobalt
2.3.5 Nickel
2.3.6 Iron
2.3.7 Zirconium
2.3.8 Manganese
2.3.9 Chromium
2.4 Chemical Compounds
2.4.1 Sulfuric Acid & Hydrofluoric Acid
2.4.2 Calcium Carbonate
3. Global Refinery Catalyst Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
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Competitive Landscape:
The major players in the market are as follows:
1. Albemarle Corporation
2. W.R. Grace & Co.
3. Haldor Topsoe A/S
4. Honeywell UoP LLC
5. Criterion Catalysts & Technologies LP
6. Axens SA
7. Sinopec Corp
8. Clariant International Ltd.
9. Johnson Matthey PLC
10. Arkema Group
11. Exxon Mobil Corporation
12. KNT Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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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.
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