Refinery Catalysts Market:
GMI Research’s recent analysis, global refinery catalyst market, forecast to 2027, analyzes the trends in this market and how they are evolving across the different key geographic regions of the world. The strong demand for petroleum and chemicals/ products obtained from petroleum and growing tight oil production in Russia, Argentina, the U.S., and China are the key factors driving the growth of the refinery catalyst market.
Refinery Catalysts Market’s leading Manufacturers:
- Arkema
- Clariant
- BASF SE
- Zeolyst International
- Johnson Matthey
- Chevron Corporation
- Evonik Industries AG
- Exxon Mobil Corporation
- DuPont
- Albemarle Corporation
Refinery Catalysts Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The strong demand for petroleum and chemicals/ products obtained from petroleum is a major factor surging the growth of the global refinery catalysts market. Furthermore, the rising demand for high octane fuel in economies like India, Germany, Japan, U.K., and U.S., owing to stringent regulations, is driving the growth of the market. Moreover, refinery catalysts are mostly utilized for counter issues, such as the heat balance effect in tight oil processing and metal contamination. In addition to this, growing tight oil production in Russia, Argentina, the U.S., and China is another factor that boosts market growth. Additionally, the increasing availability of substitute fuels, which includes biofuel, followed by the increasing adoption of various environmental policies and “Go Green” campaigns by numerous countries, is further propelling the growth of the global refinery catalysts market. Manufacturers in the catalyst industry globally emphasize on developing catalysts that can handle all types of feedstock and make sure easy, stable, profitable hydrocracking, hydrotreating applications, and reliable. All these factors are supporting the market growth.
Regional Drivers
Based on the region, the Asia-Pacific is projected to increase at a higher CAGR in the upcoming years due to the rising number of private sector organizations in China and India like Drivol Lubricants and Oilmax Energy Pvt. Ltd. Furthermore, the increasing development capacities of oil production in refineries of emerging countries in this region are further accelerating the market growth. For example, Indian Oil Corp. Ltd. announced to invest INR 1.8 trillion for the growth of Gujarat and Barauni refineries to further increase the refining capacity nationwide. These factors are energizing the growth of the refinery catalysts market in Asia-Pacific.
Refinery Catalysts Market Segmentation:
Segmentation by Material:
- Zeolites
- Metallic
- Chemical Compounds
- Others
Segmentation by Application:
- FCC Catalysts
- Alkylation Catalysts
- Hydrotreating Catalysts
- Hydrocracking Catalysts
- Catalytic Reforming
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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