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

Covaxin vs Covishield: A Comparison between the Covid-19 Vaccines of India

  The second wave of Covid-19 pandemic has reminded people the hard times faced during the coronavirus outbreak in 2020 in India. However, there is still an upper hand in 2021 in the fight against Covid-19, and this can be attributed to the nationwide vaccination drive. It has been clear that getting vaccinated is one of the simple yet effective ways to combat the pandemic. Vaccination helps in producing antibodies and boosts the immune system to fight against any infection. Besides, getting Covid-19 vaccination is known to reduce the severity of the infection and helps in lowering the chances of getting hospitalized due to the severe infection caused due to Covid-19. Covaxin Vs Covishield Currently, the Indian Government has approved two vaccines namely Covaxin and Covishield to fight Covid-19. Many people are wondering which vaccine is better among the two, and here is a quick read to help them answer all their queries. Covaxin Covaxin was given approval for by the Indian
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,  the digital e
2 comments
Read more

2-ethylhexyl Caprate Market to Incur Meteoric Growth During 2018-2026

Introduction: 2-Ethylhexyl Caprate Market 2-ethylhexyl caprate , also known as 2-ethylhexyl decanoate, is an organic chemical compound with the molecular formula C18H32O2. In the manufacturing of 2-ethylhexyl caprate, ethyl reacts with hexyl in the presence of caproic acid as a catalyst to form 2-ethylhexyl caproic acid, which on further treatment with esterification process forms a mixture of 2-ethylhexyl caprate crude. This mixture of 2-ethylhexyl caprate crude is distilled to obtain pure 2-ethylhexyl caprate. 2-ethylhexyl caprate finds several applications in chemical, pharmaceutical and textile industries as a reagent, catalyst and excipient. Along with this, 2-ethylhexyl caprate is used in the manufacturing of elastomers and coatings. On the basis of safety, 2-ethylhexyl caprate is the least harmful in the available caprate group and has low vapor pressure, which can reduce hazards while handling as compared to other caprates, such as ethylhexyl palmitate and oth
Post a Comment
Read more