Unexpected Growth Seen in Refinery Catalysts Market Global Forecast to 2025 | Honeywell, Albemarle, BASF, Chevron, ExxonMobil, Royal Dutch Shell

Global Refinery Catalysts Market Overview:

The Global Refinery Catalysts Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Refinery Catalysts market size to maintain the average annual growth rate of 4.67% from $10.95 Billion in 2015 to $12.557 Billion pin 2019, market analysts believe that in the next few years, Refinery Catalysts market size will be further expanded, we expect that by 2025, The market size of the Refinery Catalysts will reach $15.728 Billion.

Global Refinery Catalysts Market is mainly driven by the increasing demand for cleaner petroleum products. Refinery Catalyst is a chemical process that converts the petroleum refinery products (low octane count) from the crude oil into (high-octane) liquid products such as diesel, gasoline, kerosene, etc. The end products of which are called as reformates. These reformates are chief sources of aromatic bulk chemicals such as benzene, toluene, xylene and valuable blending stock for gasoline.

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The Global Refinery Catalysts Market is segmented on the basis of Type (FCC Catalyst, Hydrotreating Catalyst, Hydrocracking Catalysts, Catalytic reforming Catalyst, Others), Ingredients (Zeolite, Metals, Chemical Compounds), Application (Oil refineries, Chemical synthesis, Polymer manufacturing, Environmental Safety and Others) and Region.

In terms of Type segment, the Fluid Catalytic Cracking (FCC) is one of the major secondary procedure used in petroleum refineries which converts the high molecular weight and high boiling fractions of petroleum crude oil into more valuable products such as olefin gases, gasoline, and others. Cracking of petroleum hydrocarbons was earlier done by thermal cracking, which is now completely replaced by catalytic cracking.

According to the regional analysis, APAC is the largest market and is expected to grow at an expanding CAGR during the forecast period. The presence of the most populated economies has augmented the demand for energy in the region, which is a significant factor driving the demand for refining catalyst in the region. Moreover, the rapid development of polymer manufacturing and refining companies in the region is affecting the market growth positively. Furthermore, the presence of the largest refinery in the region is also projected to drive the demand for refinery catalysts.

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Major Key Players:

1 Albemarle Corporation Company Description

2 BASF SE

3 Chevron Corporation

4 ExxonMobil Corporation

5 Haldor Topsoe A/S

6 Honeywell International Inc

7 Johnson Matthey Plc

8 Royal Dutch Shell plc

9 Sinopec Corporation and More..............

Latest Business News:

Honeywell (October 26, 2020) - Honeywell Upgrade For 131-9A Auxiliary Power Unit Increases Time-On-Wing While Lowering Fuel Burn - Honeywell has released a high-efficiency mode upgrade for its 131-9A auxiliary power unit for single-aisle Airbus aircraft. This high-efficiency mode, which is enabled by a software encryption key, is expected to increase the average time-on-wing by 1,200 flight hours and reduce fuel burn by 2%.

An auxiliary power unit (APU) is a critical piece of aircraft equipment that provides electrical power and air conditioning while the plane is on the ground to ensure increased passenger comfort, and supplies the air source when a pilot is ready to start the main engines. The 131-9A is known for its reliability and lower maintenance costs over the course of its entire life cycle, resulting in significant fuel savings each year.

"Now, more than ever, our airline customers are concerned with cost savings and operational efficiency. This upgrade is an easy, one-time modification enabled with software and will be available first for our Maintenance Service Plan customers, and later for all operators of 131-9A units," said David Shilliday, vice president, Engines & Power Systems, Honeywell Aerospace. "This new upgrade enables extended usage and better efficiency for our customers' 131-9A auxiliary power units to help control costs now and in the future."

The upgrade is intended for any aircraft operating a 131-9A APU, including Airbus A319, A320 and A321 models. Customers enrolled in Honeywell's Maintenance Service Plan will have access to the upgrade for no additional cost beginning in late October 2020. It will be available to other operators with 131-9A APUs beginning in January 2021. For all aircraft, this upgrade can be installed during any regularly scheduled maintenance event and does not require additional downtime to implement.

Honeywell's first APU took to the skies in 1950, and the company has built more than 100,000 since then. More than 36,000 APUs, including both fixed wing and rotary wing, are in service today across more than 150 regional, executive, commercial and military applications.

In 2009, the Honeywell 131-9A APU on an Airbus A320 played a critical role in the emergency landing of US Airways Flight 1549 in New York's Hudson River, in which all 155 passengers and crew survived. Honeywell has shipped more than 15,000 131-9A APUs since introducing this model in 1995.p

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Major Points in Table of Contents:

Global Refinery Catalysts Market Report 2020

1 Refinery Catalysts Product Definition

2 Global Refinery Catalysts Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Refinery Catalysts Shipments

2.2 Global Manufacturer Refinery Catalysts Business Revenue

2.3 Global Refinery Catalysts Market Overview

3 Manufacturer Refinery Catalysts Business Introduction

3.1 Albemarle Corporation Company Description Refinery Catalysts Business Introduction

3.2 BASF SE Refinery Catalysts Business Introduction

3.3 Chevron Corporation Refinery Catalysts Business Introduction

3.4 ExxonMobil Corporation Refinery Catalysts Business Introduction

3.5 Haldor Topsoe A/S Refinery Catalysts Business Introduction

3.6 Honeywell International Inc Refinery Catalysts Business Introduction

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