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Refinery Catalyst Market Size, Share, Growth Drivers to 2025 | Shell, ExxonMobil, Alabemarle Corporation, BASF, Johnson Matthey, Honeywell

Refinery Catalyst Market

Refinery Catalyst Market

Refinery catalysts are offered as alkylation, FCC (fluid catalytic cracking), hydro processing and reforming & isomerization. The alkylation catalyst market share among the others will register a CAGR of over 3% over the projected time period. These catalysts tend to primarily convert all the low-molecular-weight alkenes like the mixture of propane and butene accompanied by isobutane into alkylate. Refinery catalyst market to grow at 4% CAGR over 2019-2025.

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Refinery catalysts market share, on the basis of materials, have been subdivided into zeolite, chemical compound, metal and others. The chemical compound segment has been anticipated to grow at the rate of more than 2% by the year 2025 in terms of revenue. Various chemical compounds are widely used in alkylation processes such as hydrofluoric acid, sulfuric acid that are suitably used in alkylation processes.

Several European countries have a significant number of petrochemical companies and refineries that contribute to the global oil and petroleum products along with its derivatives. The Europe refinery catalyst market share shall control over 20% of the global revenue size in the forthcoming years.

Refiners are increasingly using catalyst technology to propel difficult feeds to diesel and other high-value products. In a bid to propel product portfolio, companies such as ExxonMobil have joined hands with other pioneering companies to offer tremendous hydrogenation power, hydrodenitrogenation (HDN) and aromatic saturation activity.

Prominently, hydroprocessing is 2 times more active vis-à-vis traditional catalysts and has short payback period of 2 to 3 months, thereby helping enhance product and yield quality. As such, hydroprocessing sector will likely expand at a CAGR of around 5% during the assessment period 2019-2025.

Major key players in the refinery catalyst market are Royal Dutch Shell PLC, Albemarle Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), BASF SE, Exxon Mobil Corporation, Clariant AG, Honeywell UOP LLC, W. R. Grace & Co., Johnson Matthey, Haldor Topsoe A/S, Dorf-Ketal Chemicals India Private Limited, Axens SA, Pingxiang Chempack Imp & Exp Co. Ltd., Unicat Catalyst Technologies, Inc., & JGC Catalysts and Chemicals Ltd.

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

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Global Market Insights, Inc.
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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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