Press release
Refinery Catalyst Market Size, Share, Growth and Trends, Report 2024-2031
Refinery Catalyst Market || 2024-2031
Catalysts play a crucial role in accelerating chemical reactions, leading to energy savings and cost reduction in various processes. A refinery catalyst, in particular, enhances the conversion rate of petroleum refinery naphthas into high-octane liquid products. It also facilitates the transformation of low-octane hydrocarbons into cyclic naphthalenes and other branched alkanes, which are subsequently dehydrogenated to yield aromatic hydrocarbons with a higher octane rating. The end products generated by refinery catalysts, such as petrochemicals, diesel, and gasoline, are of high value in the fuel and chemical industries.
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Market Dynamics:
Rising Demand for Refinery Catalysts Driven by Petroleum Industry Growth:
The petroleum industry is witnessing an increasing demand for refinery catalysts, primarily due to their critical role in the fluid catalytic cracking process within refineries. This demand is further fueled by ongoing efforts to upgrade existing refineries, with a focus on improving their Nelson Complexity Index (NCI). This trend is expected to bolster the growth of the Global Refinery Catalysts Market during the forecast period from 2019 to 2026.
Segment Covered in the Refinery Catalyst Market:
By Component: Zeolites, Organometallic materials, Metals, Chemical Compounds, Others.
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Key players involved in Refinery Catalyst Market:
• Haldor Topsoe
• Honeywell UOP
• Axens
• Johnson Matthey
• Criterion
• Süd-Chemie
• Albemarle
• Grace Davison
• BASF
• ExxonMobil Chemical
Related Reports:
Thermoplastic Resins Market: https://www.datamintelligence.com/research-report/thermoplastic-resins-market
Bio-Based Lubricants Market: https://www.datamintelligence.com/research-report/bio-based-lubricants-market
Flame Retardants Market: https://www.datamintelligence.com/research-report/flame-retardants-market
Regional Analysis:
The Refinery Catalyst Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Refinery Catalyst Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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