Refinery Catalyst Market

Refinery Catalyst Market – Global Industry Insights,
Trends and Outlook and Global Opportunity, 2018-2026
Catalysts work by enhancing the rate of chemical reactions and are the critical
part of industrial processes to limit cost and save energy. 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. The increasing
demand for transportation of fuels is anticipated to boost the consumption of
refinery catalysts. Moreover, the increasing market demand for refined products
has led refinery catalysts to witness a growing market pace.
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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. Hence, making the hydrocracking segment of refinery catalysts
market to grow at a high rate during the forecast period.
Key players in the global refinery catalyst market
The market of Refinery Catalysts is dominated by large multinationals such as
BP Global and Royal Dutch Shell. Other key industry participants include
YARA International, Foster Wheeler AG, OXEA GmbH, W R Grace, Johnson
Matthey, Albemarle Corporation, BASF SE, Technip SA, and UOP LLC.
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Refinery Catalyst Market report is segmented on the basis of type, ingredients, and applications – Global Industry Insights, Trends and Outlook and Global Opportunity, 2017-2025