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Refinery Catalyst Market Trend from 2019 to 2025: Top Key Players like Shell, ExxonMobil, Albemarle Corporation, BASF, Honeywell

Refinery Catalyst Market

Refinery Catalyst Market

Refinery Catalyst Market trend will be driven by increasing number of oil & rigs and rising the refined petroleum products. Entire oil & gas rig count witnessed a massive fluctuation in the past couple of years with record low prices and weakening demand. Refinery catalysts are employed in various processes that include isomerization, reforming, desulfurization, catalytic cracking, etc. The product help refiners to meet operational efficiency, manage fuel standards, without affecting the environment. Shrinking fuel quality standards includes reduction of benzene, olefins, etc. to shift towards fuels that are extremely low in sulfur content, which has escalated demand of catalyst for chemical synthesis.

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The refinery catalyst market 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.

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. Haldor Topsoe A/S
6. Honeywell
7. W. R. Grace & Co.
8. Axens
9. Johnson Matthey
10. Clariant

Availability and fluctuating raw material prices may hamper the product market growth during the projected timespan. The production of refinery catalyst includes eminent usage of unique earth metals such as vanadium, tungsten, molybdenum, etc. which are available at very few locations globally. This will restrict the refinery catalyst market growth in future.

Product variants consist of hydro processing, alkylation, reforming & isomerization and FCC (fluid catalytic cracking). Among these, alkylation catalyst market is expected to grow with a CAGR of more than 3% for the forecast spell. These catalysts are mainly used to convert low-molecular-weight alkenes such as a mixture of butene and propene along with isobutane into alkylate.

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On materials basis, refinery catalyst market is subdivided into chemical compound, zeolite, metal & others. In terms of revenue, the chemical compound segment is expected to grow with a CAGR of more than 2% by 2025. Sulfuric acid, hydrofluoric acid and other chemicals compounds are suitably used as chemicals compounds-based catalysts. Chemicals compounds are immensely used in alkylation processes that is likely to propel its demand in the coming years.

Europe refinery catalyst market will clutch more than 20% of the revenue share in future due to the presence of petrochemical industry and refineries in many European countries. Middle East & Africa will grow with the CAGR of over 4% in future owing to the extensive production of crude oil & gas.

Glimpse of Table of Content (ToC)

Chapter 5. Refinery Catalyst Market, By Material

5.1. Global refinery catalyst market material insights

5.2. Zeolite

5.2.1. Refinery catalyst market estimates and forecast, 2014 - 2025

5.2.2. Refinery catalyst market estimates and forecast, by region, 2014 - 2025

5.3. Metal

5.3.1. Refinery catalyst market estimates and forecast, 2014 - 2025

5.3.2. Market estimates and forecast, by region, 2014 - 2025

5.4. Chemical compound

5.4.1. Market estimates and forecast, 2014 - 2025

5.4.2. Market estimates and forecast, by region, 2014 - 2025

5.5. Others (organometal compounds, enzymes, etc.)

5.5.1. Market estimates and forecast, 2014 - 2025

5.5.2. Market estimates and forecast, by region, 2014 - 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/refinery-catalyst-market

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com

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.

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