refinery catalyst market

Refinery Catalyst Market and share
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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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.
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.
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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,

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