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

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

  With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the   upsurge of the collaborative robots or cobots  .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make ...
Post a Comment
Read more

Intraoperative Neuromonitoring Market Revenue to Record Stellar Growth Rate

  According to  Intraoperative Neuromonitoring Market   Analysis by Research Dive, the global market forecast will be   $3,413.0 million   by the end of 2026 , at a   4.5% CAGR , growing from   $2,400.0 million in the end of 2018 . Intraoperative Neuromonitoring Market Drivers: Growing aged populace globally, along with increasing occurrence of chronic illnesses, are the major driving aspects for the intraoperative neuromonitoring market growth. Furthermore, intraoperative monitoring is an important process that assists in risk management throughout complex surgeries. This factor is projected to propel the market size in the coming years. Furthermore, rising trend of medical tourism along with growing investments for healthcare infrastructure in developing economies are projected to create significant revenue generating opportunities in the global market. Nevertheless, shortage of trained workforce for the control and maintenance of intraoperative neur...
Post a Comment
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