Cost efficient catalyst requirements in modern refineries and petrochemical complexes are augmenting the scope of the invention in refinery catalysts, as they are unimaginable without catalytic processes. For this, IndustryARC points out that the global refinery catalyst market value was $7 billion in 2018 and the same is evaluated to propel with growth prospects at a CAGR of 3% during the forecast period 2019-2025.
The report titled:” Refinery Catalyst Market: By Components (Zeolites, Metals, Chemicals, and Others) By Application (Hydroprocessing, Fluid Catalytic Cracking, Alkylation and Others); By Geography – Forecast(2019-2025).” This report presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. Additionally, it provides market trends, market demands, market drivers, market challenges, and product analysis in detail. The report covers refinery catalyst market size by Product and applications, refinery catalyst market share by top 5 companies and also the market share by start-ups during the forecast period
Global Refinery Catalyst Market: Demand Analysis
Catalyst changeovers affect operational reliability and safety of FCC units. FCC units maximize the gasoline octane, thus they are highly chosen at worldwide crude oil refineries to produce high octane gasoline and fuel oils. FCC units are widely used at petroleum refineries to obtain high-value light products gasoline and diesel. The innovative FCC technologies provide efficient transformation of petroleum resources to refined fuels. Petrochemical catalysts, hydrotreating catalyst, hydrocracking catalysts, and catalytic reforming catalyst are frequently used in refining the crude oils. These different type of catalyst rely on a variety of materials involved in the catalyst preparation. According to the findings of the catalyst group resources, the refining catalysts are growing at a CAGR of 3.7% P.A. owing to efficiency improvements and encroachment of electric vehicles.
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Global Refinery Catalyst Market: Leading Segments
According to the U.S. Energy Information Administration, 18,598,497[HS2] barrels are operable under atmospheric crude oil distillation capacity and 135 operable refineries are found in the year 2018. As per the detailed research of the analyst, it was evident that North America was the dominating region with a global demand share of around 42.5% for the year 2018.
Fluid Catalytic Carking (FCC) Process is the most preferred one among other processes as it increases the yields of gasoline from crude oil. Thus refinery application is growing at a CAGR of 2% over the aforementioned forecast period.
Global Refinery Catalyst Market: Disruptive Trends
Improved coke selectivity and refineries profitability offered by the new generation FCC catalysts such as Luminate FCC catalyst at gas oil refineries is evolving in the advanced industry leading refinery catalysts.
Refiners forcible search for hydrotreating catalyst, due to its efficiency in maximizing the diesel production ever before. This NiMo catalyst with ultra-low sulphur diesel utilizes the developed catalyst technology to raise the diesel productivity
Stringent fuel regulations associated with the sulphur content and octane are extremely impacting the growth of the refinery catalyst market
Rise in refining petrochemical integration leveraged by the shrinkage in fuel oil consumption.
Green and low-carbon refining technology developments are increasing the demand for light fuels, they are burgeoning through FCC process in this modern refinery world
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Global Refinery Catalyst Market: Competitive Landscape
Some of the major companies which are currently holding major shares in the global refinery catalyst market are Albemarle Corporation, W.R Grace & Co., Axens SA, BASF SE, Johnson Matthey Plc, Honeywell, Clariant International Ltd., Criterion Catalyst & Technologies L.P, Haldor Topsoe A/S, and Exxon Mobil.
Related Reports:
A. Industrial Catalyst Market
https://industryarc.com/Report/15191/industrial-catalyst-market.html
B. Refinery Process Additives Market
https://industryarc.com/Report/11667/refinery-process-additives-market.html
About IndustryARC:
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.
According to ChemAnalyst report, “Global Refinery Catalyst Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Refinery Catalyst market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 5.14% during the forecast period.
This revolutionary technology is known to be the most economical one, with remarkable benefits such as reduced capital investments, maintenance costs, and waste treatment.Request Sample: https://www.chemanalyst.com/ChemAnalyst/RequestFormAmong various applications of catalyst, FCC (Fluid Catalytic Cracking) catalyst dominate the Global refinery catalyst market.
As of 2020, the FCC (Fluid Catalytic Cracking) catalyst dominate Refinery catalyst end user market and are expected to propel the market growth backed by drivers like increasing e-commerce activities which is dependent on petroleum and its derived products, rapid urbanization, and growing rate of per capita consumption of petroleum and its derived products globally.
South Asia, particularly India, seems to be the key market for catalyst as the country is seen as a generally under-supplied market with limited domestic manufacturing.
Moreover, increasing focus of the Indian government towards spreading awareness for production in India through campaigns such as MAKE IN INDIA Project would stimulate the growth of the global Refinery catalyst market in the forecast period.According to ChemAnalyst report, Global Refinery Catalyst Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating global Refinery Catalyst market are Albemarle Corporation, Haldor Topsoe, W R Grace, Honeywell UOP, Clariant, Axens, Johnson Matthey, JGC Catalyst and Chemicals, Shell Catalyst & Technologies, Arkema, Anten Chemicals, Chempack, China Petroleum and Chemical Corporation, Dorf-Ketal Chemicals Pvt.
With new competitors emerging across the Asian catalyst market, players anticipate that supply will soon outpace demand soon.
The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
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The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
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Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
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