New York, Global Refinery Catalyst Market report from Global Insight Services is the single authoritative source of intelligence on Refinery Catalyst Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A refinery catalyst is a substance that helps to speed up or catalyze a chemical reaction in a refinery. Catalysts are used in many different processes in a refinery, from the conversion of crude oil into useful products such as gasoline and diesel fuel, to the removal of impurities from petroleum products.
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Key Trends
The key trends in refinery catalyst technology are increasing the activity and selectivity of catalysts, improving the stability of catalysts, and developing new catalysts for emerging processes.
Catalysts are becoming more active, meaning that they can convert more of the feedstock into product. This is achieved through the use of higher surface area catalysts, more active metals, and more effective promoters.
Catalysts are also becoming more selective, meaning that they can produce a higher proportion of the desired product. This is achieved through the use of more selective catalysts and by using process conditions that favor the formation of the desired product.
Finally, new catalysts are being developed for emerging processes. These catalysts are designed to be active and selective for the specific reactions involved in these processes.
Key Drivers
The key drivers of the refinery catalyst market are the rising demand for transportation fuels, the growing refining capacity, and the stringent environmental regulations.
The transportation sector is the major end-use sector for refined products such as gasoline, diesel, and jet fuel. The growing demand for transportation fuels is the major driver for the refinery catalyst market. The demand for transportation fuels is expected to grow due to the growing population and the increasing number of vehicles. In addition, the growing tourism and the growing trade are the other factors that are expected to drive the demand for transportation fuels.
The second driver for the refinery catalyst market is the growing refining capacity. The refining capacity is expected to grow due to the planned and announced refinery projects in the region. The planned and announced refinery projects are expected to start operations in the next five years. The growing refining capacity is expected to drive the demand for refinery catalysts.
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Key Market Segments
The refinery catalyst market bifurcated on the basis of type, ingredient, and region. On the basis of type , it is segmented into FCC catalysts, hydrotreating catalysts, hydrocracking catalysts, and others. By ingredient, it is analyzed across zeolites, metals, chemical compounds, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The refinery catalyst market report includes players such as Albemarle Corporation, BASF SE, Johnson Matthey Plc, W. R. Grace, Clariant International Ltd., Axens S.A., Haldor Topsoe A/S, Honeywell International Inc, China Petroleum and Chemical Corporation, and KNT Group
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