Refining Catalyst Market Growth, Trends Outlook and Forecasts To 2020

Refining Catalyst Market Analysis, Share and Size, Emerging Trends,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report – Global Refining Catalyst Market 20162020
Technavio recognizes the following companies as the key players in the global refining catalyst market:
Albemarle, BASF, Honeywell, Shell, and W. R. Grace.
Other Prominent Vendors in the market are: ExxonMobil, Dow Chemicals, DuPont, Sinopec, and Axens.
Browse full report with TOC@ https://marketreportscenter.com/reports/368493/global-refiningcatalyst-market-2016-2020
Commenting on the report, an analyst from Technavio’ s team said: “One of the key trends for market
growth will be stricter regulations related to fuel specifications providing a boost to secondary
processing units and refining catalysts. GHG emissions from the transport sector represent a major
share of overall global emissions. As a result, developed markets such as the US and Europe have been
enforcing stricter emission regulations since the 1990s in a bid to reduce the content of sulfur and NOx
in vehicular emissions. European countries adopted the strict standards for diesel and gasoline for all
types of vehicles in 1992. Since then, they have been tightening the regulations; we note that the latest
EURO VI standard was rolled out in 2015.”
According to the report, one of the key drivers for market growth will be the increase in refinery
construction across Asia and the Middle East. The Middle Eastern countries have shown an increased
interest in developing their own downstream refining capabilities in a bid to reduce their dependence
on imports. The countries in this region intend to utilize their abundant crude oil supplies to
manufacture petrochemical products and eventually start exporting these products. Such plans have
sparked concerns among other petrochemicals export-oriented countries. Over 1.9 mb/d of new refining
projects are expected to come online in the region during 2015-2020. The construction of new refineries
is going to result in increased consumption of refining catalysts during the forecast period.
Further, the report states that unstable regulatory environment will be a challenge for the market. The
growth of the refining industry in any country is predicated on the political stability in that nation.
Political instability has become a major challenge in countries dealing with riots and terrorism. Such
instability increases the risks associated with the safe operation of an oil refinery. Investors are wary of
investing in such countries where regulations are susceptible to change. In addition, the threat of misuse
of refining operations by anti-social elements forces companies to suspend operations.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Catalyst
A catalyst can be defined as a component that accelerates a chemical reaction without taking part in the
process. The amount of catalyst required is small compared to the amount of reactants. In most cases,
the entire quantity of catalyst is recovered at the end of the reaction process. In refining, catalysts play
an important role in cracking heavy carbon chains into lighter products such as diesel and gasoline.
Hence, these are mostly used in processes subsequent to the post atmospheric and vacuum distillation
units.
Technavio’ s analysts forecast the global refining catalyst market to grow at a CAGR of 3.28% during the
period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global refining catalyst market
for 2016-2020. The report discusses segmentation in the refining catalyst market by process (FCC,
alkylation, hydrotreating, hydrocracking, and catalytic reforming), by type (zeolites, metals, and
chemical compounds).
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Refining Catalyst Market 2016-2020, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.