Skip to main content

Refinery Catalyst Market Forecasted to Grow at Steady Pace During 2020

Refinery catalysts are used by petroleum refineries in the cracking process. Global refinery catalyst market is mainly driven by the increasing demand for cleaner petroleum products. Based on type, the refinery catalyst can be categorized into seven segments namely Hydroprocessing Catalysts, Fluid Catalytic Cracking Catalysts, Alkylation Catalysts, Hydrogen Manufacturing Catalysts, Hydrodesulphurization Catalysts, Isomerization Catalysts and Others. 
Request For Report Sample@ https://www.persistencemarketresearch.com/samples/3414 
The key raw materials used in the manufacturing of refinery catalysts are metals, zeolites and chemical compounds. Hydroprocessing catalysts are used to create cleaner fuels and possess highest growth rate among refinery catalysts. Fluid catalytic cracking catalysts’ market is growing towards maturity and losing its market share which is gained by other segments of the market.
Asia Pacific, Latin America and Middle East are witnessing high growth in the refinery catalyst market due to increasing use of petroleum products. The increasing demand for gasoline and ultra low sulfur diesel has been boosting the market for refinery catalysts. The increasing use of petroleum feedstocks in the industries such as ethylene, propylene and butadiene in North America are creating growth opportunities for the refinery catalysts market. The refinery catalyst manufacturers are increasingly producing more challenging feedstock compositions despite unstable fuel prices. Tightening environmental regulations and increasing demand for diesel are supporting the growth of Hydroprocessing catalysts. 
Request For Report Table of Content (TOC): https://www.persistencemarketresearch.com/toc/3414 
However, the European refiners have been reducing their production capacities due to weak economic condition in the region. According to International Energy Agency, oil consumption in China grew by 1.6% as compared to 2012, which was slowest since 1992, however it is expected to increase in the coming years.     
North America dominated the refinery catalysts market in 2013 followed by Asia Pacific. U.S. and China were the key markets in these regions. The refinery catalysts companies are investing heavily on their research and development as this industry is developing at a fast pace in terms of technology due to changing demands of the refineries.  The key companies in the refinery catalysts market are Albemarle Corporation, Air Products and Chemicals, Arkema Group, BASF SE, Chevron, Clariant International Limited, Eka Chemicals AB, Exxon Mobil Corporation, Evonic Industries AG, E.I. du Pont de Nemours & Company, INEOS Group Limited, Johnson Matthey PLC, UOP LLC, Zeolyst International Inc. and W.R. Grace & Company. 
Know More About Report@ https://www.persistencemarketresearch.com/market-research/refinery-catalyst-market.asp 

Comments

Post a Comment

Popular posts from this blog

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for...
Post a Comment
Read more

Contactless Payment Market size share growth analysis market demand

  Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @  https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog, ...
2 comments
Read more

Business analytics software increasing due to Low Cost & Enhanced Usability

  Business analytics software   conducts predictive analysis to derive decision-making inputs and insights through the application of statistical tools and methods in business performance data. It analyzes business data and information through continuous investigation and exploration of old business performance data to obtain decisive insights for business planning. A business analytics software helps an organization to optimize business operations and facilitates strategic decision-making. The outputs are mostly used by financial analysts, managers, security personnel, and key decision makers of organizations. The demand for cloud-based business analytics software is increasing among small- and medium-sized enterprises chiefly due to its low cost and enhanced usability. Request for Sample Copy @  https://bit.ly/3gRxTjw The growth of the global business analytics software market is driven by factors such as increase in adoption of business analytics software by multiple o...
Post a Comment
Read more