The global RefineryCatalyst Market is projected to grow at a significant CAGR during the forecast period. With the current reforms in policies for Greenhouse Gases (GHG), in particular carbon dioxide, there has been a constant rise in demand for petrochemical products. The market witnesses a rise in use of production of eco-friendly fuels and highly purified petrochemicals enable the need for enhanced refinery in catalysts and processes. In the near future, there will be a strong need for catalytic materials for integration of catalysis and reaction engineering.
The
drivers to refinery catalysts market include increase in demand for fuel plants
and octane fuel. Rise in industrialization, globalization and number of
vehicles is likely to demand gasoline and clean fuel. Subsequently, the demand
for low sulphur diesel is bolstering the market growth and rise in use of
petroleum feedstock is creating lucrative opportunities for market growth
during the forecast period. Flexibility in environmental regulatory policies
and fuel processing policies have enlarged the market scope
Material
segment for refinery catalyst market includes zeolites, metals and chemical
compounds. Zeolites include synthetic zeolite and natural zeolite. Metals
category include precious metals, transition and base metals, rare earth metals
and chemical compounds.
Request Sample Copy of This Market Research @
https://www.millioninsights.com/industry-reports/refinery-catalysts-market/request-sample
Application
category includes chemical synthesis, polymer manufacturing, oil refineries and
environmental safety. By type, the refinery catalyst industry includes hydro
treating catalyst, hydrocracking catalyst, catalytic reforming catalyst and FCC
catalyst.
Geographical
segmentation for refinery catalysts market includes North America, South
America, Europe, Asia-Pacific, Middle East and Africa. North America accounts
for a significant share in the global market due to increase in oil production
and stringent government regulations pertaining to emission standards in the
refining sector. Asia-Pacific regions are likely to gain a higher traction in
the forecast period as regions in APAC sector are emerging economies. Major
players are emphasizing on enhanced capacities in APAC regions serving to the
growing demand. The key players in the refinery catalyst industry include BASF,
W.R. Grace, Materia Inc, Umicore Ag & Co, Exxon Mobil and Dupont.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/refinery-catalysts-market
Refinery Catalyst Material Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• Zeolites
• Metallic
• Chemical Compounds
• Others
Refinery
Catalyst Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2022)
• Fluid Catalytic Cracking (FCC)
• Alkylation
• Hydrotreating
• Hydrocracking
• Catalytic Reforming
• Others
Refinery
Catalyst Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)
Read more insights on @
https://latestmarkettrends.news.blog
Get in touch
At Million Insights, we work with the aim to reach the highest levels
of customer satisfaction. Our representatives strive to understand diverse
client requirements and cater to the same with the most innovative and
functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Comments
Post a Comment