Refinery Catalyst Market to Reach $5.5bn by 2025: Global Market Insights, Inc.

Fluid Catalytic Cracking segment of refinery catalysts market will accumulate more than two-third of industry share by the end of the forecast spell owing to their usage in breaking down heavy crude oils into lighter molecule hydrocarbons upon heating.

Global Refinery Catalysts Market Size to exceed $5.5bn by 2025

The refinery catalyst market is expected to hike from USD 4 billion in 2018 to around USD 5.5 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Refinery catalysts are used all over the refining sector to convert heavy crude oil to lighter derivatives. Tightening of the fuel quality standards including reduction of olefins, benzene, and other aromatics in gasoline, along with the global shift towards fuels with extremely low sulfur content will require refining industry to undertake significant upgrading.

Petroleum refiners investing heavily for the upgrading and expansion of the refineries for meeting the emission norms and sulfur content regulations will have a positive impact on refinery catalyst market size in coming years. The product finds wide range of applications in many processes which include reforming, isomerization, catalytic cracking, desulfurization, etc.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2668

The rapid development of unorthodox oil reserves will further boost the growth of the global refinery catalyst market during the forecast period. The products provide the most favorable butylene selectivity, improved metals tolerance ability and optimum selectivity & conversion on light feeds which will propel the growth of the product market in coming years.

Refinery catalysts production includes high usage of rare earth metals like molybdenum, tungsten, vanadium, etc. which are found in limited locations around the world, making the raw material supply strenuous and heavily reliant on the global trade laws. This factor causes volatility in the raw material price trends and may hinder the market growth over the coming years.

The key product variants include FCC (fluid catalytic cracking), alkylation, hydroprocessing, and reforming & isomerization. Among these product types, the FCC segment will accumulate more than two-thirds of the overall refinery catalysts market by the end of the forecast spell. These products are primarily used for breaking down heavy crude oils into lighter molecule hydrocarbons upon heating.

Browse key industry insights spread across 370 pages with 560 market data tables & 31 figures & charts from the report, “Refinery Catalyst Market Size By Type (Fluid Catalytic Cracking, Hydroprocessing [Hydrotreating, Hydrocracking], Alkylation, Reforming & Isomerization), By Material (Zeolite, Metal, Chemical Compound), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, U.K., France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/refinery-catalyst-market

On the basis of materials, the market is segmented into zeolite, chemical compound, metal and others. The metal-based segment is likely to have a market share of more than 30 percent of the total refinery catalysts market size by 2025. Vanadium, molybdenum, cobalt, nickel and other precious metals are preferably used as the metal-based catalysts. These metals are vastly used in reforming and hydrotreating processes owing to their efficient eradication of impurities and reduction of hazardous and toxic gas emissions into the atmosphere.

In the Kingdom of Saudi Arabia, the refinery catalyst market will be worth more than USD 180 million by the end of 2025. The country has the second largest crude oil reserve in the world and is now shifting its focus towards the downstream petrochemicals sector, investing in development and expansion of the refineries. Steps such as expansion of the SATORP refinery (joint venture of Total and Saudi Aramco) in the country will prosper the regional product demand in the near future.

Major companies in the refinery catalyst market include Albemarle, Honeywell UOP, Royal Dutch Shell, W. R. Grace & Co., Haldor Topsoe, Clariant, Axens, Johnson Matthey, and BASF. These companies focus on new product development to increase refinery efficiency while following strict environmental regulations.

Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2668

Browse Related Reports:

Fuel Cell Electric Vehicle (FCEV) Market Size By Vehicle (Heavy Duty Vehicles, Agriculture, Buses, Port Vehicles/Container Handling Or Transport, Automotive, Class 8/Long Haul), By Distance (Short, Long), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Sweden, Italy, Norway, Spain, Netherlands, China, Japan, India, Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

https://www.gminsights.com/industry-analysis/ammonium-nitrate-market

Butylated Hydroxytoluene Market Size By Application (Food, Animal feed [Poultry, Swine, Fish Feed, Cattle], Lubricating & Specialty Oils, Rubber, Personal Care & Cosmetics, Industrial Fats, Oils, & Fatty Acids, Printing Inks & Coatings, Food Packaging), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Netherlands, Russia, Spain, China, Japan, India, South Korea, Thailand, Malaysia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025.

https://www.gminsights.com/industry-analysis/butylated-hydroxytoluene-bht-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://industry-source.org/category/business

Source: Global Market Insights, Inc.


Categories: Research and Development

Tags: Alkylation, Chemical Compound, Fluid Catalytic Cracking, Hydrocracking, Hydroprocessing, Hydrotreating, Isomerization, Metal, Refinery Catalyst Market, Reforming, Zeolite


About Global Market Insights, Inc.

View Website

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions.

Arun Hegde
Arun Hegde
Corporate Sales, USA, Global Market Insights, Inc.
Global Market Insights, Inc.
4 North Main Street
Selbyville, DE 19975
United States