Global Refinery Catalyst Market Growing at a CAGR of 4.5 % till 2025


Posted January 2, 2019 by kunalraut

The Global Refinery Catalyst Market is expected to reach USD 8.7 billion by 2025, from USD 7.1 billion in 2017 growing at a CAGR of 4.5 % during the forecast period of 2018 to 2025.

 
The Global Refinery Catalyst Market is expected to reach USD 8.7 billion by 2025, from USD 7.1 billion in 2017 growing at a CAGR of 4.5 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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This market report defines the market trends and forecast the upcoming opportunities and threats of the refinery catalyst market in the next 8 years. Refining catalysts is that chemical compound which increases the rate of organic reaction without any change in chemical component. They are mainly used by petroleum refineries to enhance manufacturing quantity and functional efficiency. Refinery catalysts are used for methods such as catalytic reforming, hydro treating and cracking, FCC, and catalytic reforming. It plays a vital role in giving the fuel standards, emission standards, and improving selectivity and conversion. FCC catalysts are used to change the heavy atmospheric residues and vacuum distillates into parts of motor fuels. It is also beneficial in the conversion of petroleum refinery naphthas into high-octane liquid products during the petroleum refining processes.
Major Key Players of the Noble Metal Catalyst Market are
JGC C&C, Honeywell International Inc, Haldor Topsoe A/S, Filtra Catalysts and Chemicals Ltd., Exxon Mobil Corporation., Criterion Catalysts & Technologies L.P., Clariant
Global refinery catalyst market segmentation by type
Zeolites, Metals, and Chemical Compounds
Global refinery catalyst market segmentation by process
FCC Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, and Catalytic Reforming Catalysts
This report centers on the Refinery Catalysts in Global market, particularly in
North America, South America, Europe, Asia-Pacific, Middle East & Africa
Major Market Drivers and Restraints:
• Consumption of energy increase
• Growing demand for petroleum by-products
• Stringent environmental regulations
• Diminishing crude oil reserves

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Market Segmentation:
• The global refinery catalyst market is segmented into type, application and by geography.
• Based on type, the global refinery catalyst market is segmented into FCC catalysts, hydro treating catalysts, hydrocracking catalysts, and catalytic reforming catalysts and others.
• On the basis of ingredient, the global refinery catalyst market is classified into zeolites, metals, and chemical compounds and others.
• Based on geography, the global refinery catalyst market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, turkey, Russia, china, India, south Korea, japan, Australia, Singapore, Saudi Arabia, south Africa and, brazil among others.
Competitive Analysis
The global refinery catalyst market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of refinery catalyst market for global, Europe, North America, Asia pacific and South America.
Inquire for further detailed information of Refinery Catalysts Market Report http://databridgemarketresearch.com/reports/global-refinery-catalyst-market/
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Last Updated January 2, 2019