Global Refinery Catalysts Market Projected to Display Robust Annual Growth by the End of 2020

Published on : Jun 14, 2017

Albany, New York, June 14, 2017: In recent years across the globe, as the rising set of regulations govern the compatibility of fuels and their usages across a number of industries, the demand for refinery catalysts is set to boost globally. Currently, the refinery catalyst market is amplified by the fact that the efficient use of catalysts can help the manufacturers' better address the increasing energy demand, finds a new study added to the immense repository of Market Research Hub (MRH). This 115 pages report is titled as “Global Refinery Catalysts Market Research Report 2017” and highlights the current market scenario along with future growth prospects. The study also provides key market indicators affecting the growth in the refinery catalysts market on the global and regional level. Drivers, restraints and opportunities mentioned in the report are justified through quantitative and qualitative data.

Refinery catalysts are extensively engaged in the refinery units to remove the impurities such as sulfur, nitrogen and other carbon compounds from the fuels. They help refiners meet fuel standards, manage operational productivity, enhance conversion and keep pace with environmental trends. As per the research key findings, stringent environmental regulations on fuel emissions across the globe is probable to boost the demand for global refinery catalysts market. During the forecast period of 2017 to 2022, the market for refinery catalysts is anticipated to witness an amazing CAGR growth.

At first, the report presents a precise overview of the market, by analyzing some prime regions such as North America, China, India, Europe, Japan and Southeast Asia. Furthermore, this report displays the production, revenue, price, market share and growth rate of each product type of Zeolites, Cobalt, Nickel and Molybdenum. The report estimates that the zeolites segment will account for about 46% shares of the global refining catalyst market by 2020 and will also dominate this market throughout the forecast period. In terms of regions, consistently increasing industrial activities, steady growth in the demand for and production of automobiles, and consistently increasing demand for high-performance fuel in the U.S. makes it a dominant region in this market.

Based on end-users and applications, the market has been categorized into Fluid Catalytic Cracking Unit, H-Oil Unit, Catalytic Cracking Unit, Hydrocracking Unit, Alkylation Unit and Hydrotreating Unit. Of these, the study addresses hydroprocessing catalysts and FCC catalysts. Hydroprocessing catalysts are used to create cleaner fuels.

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Moreover, the research has profiled major players ruling in this market which are as follows: Royal Dutch Shell Plc, W. R. Grace & Co.-Conn, ExxonMobil Corporation, Johnson Matthey Plc., JGC Catalysts and Che Refinery Catalysts Ltd., Honeywell International Inc., BASF SE, Magma Ceramics & Catalysts, Albemarle Corporation, Sinopec Corporation and Zeochem AG.

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