Refinery Catalyst

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.
Zeolite ingredient segment is the largest market in the global refinery catalysts
market, as it is the most widely used in the FCC process. Owing to its affordable cost
coupled with beneficial properties has enhanced the growth of refinery catalyst in
FCC process.
Furthermore, other metals such as platinum, tungsten, nickel, cobalt molybdenum
and various other metals are usually used for hydrocracking and hydrotreating
process to remove impurities and reduce the emission of harmful gases into the
environment. As the demand for fuels containing less sulfur content increases, the
demand for metals is witnessed to have significant growth during the forecast period.
Refinery Catalysts Market Outlook
Asia Pacific is the largest market for refinery catalysts. The countries such as China
and India have the largest population which in turn has enabled burgeoning growth
in Industrialization, Urbanization, and Construction activities. Thereby, driving the
growth of refinery catalyst market in Asia Pacific at the fastest rate. The rapid
expansion and industrialization of polymer manufacturing and refining companies in
the Asia-Pacific region is also expected to increase growth of refinery catalysts in the
region.
Increasing Oil and Gas exploration activities has led to an increase of demand in the
Middle East region. Therefore, refinery catalysts market is expected to have a high
growth rate in this region.
In Europe, the economic slowdown has hindered the market from the past few years.
But, the growing construction and automotive industry has enabled the refinery
catalyst market to grow at a steady rate.
Shale gas boom has attracted many markets in North America and has led to the
establishment of many exploration and refining projects. This, in turn, has led to the
use of the catalyst to convert heavy crude oil into lighter parts. The increasing use of
petroleum feedstock in North America is creating the highest growth opportunities in
the refinery catalysts market.
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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