Global Refinery Catalyst Market Size, Analysis, Forecast Report Published By Inkwood Research

REFINERY CATALYST MARKET

Global Industry Analysis & Forecast 2017-2023

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Report Segmentation • GLOBAL REFINERY CATALYST MARKET BY APPLICATION • PETROLEUM REFINING • CHEMICAL PROCESSING • ENVIRONMENTAL SAFETY • GLOBAL REFINERY CATALYST MARKET BY MATERIAL • ZEOLITE • METAL • CHEMICALS • OTHERS • GLOBAL REFINERY CATALYST MARKET BY PRODUCTFLUID CATALYTIC CRACKING CATALYST (FCC) • ALKYLATION CATALYSTS • HYDROPROCESSING • HYDROGEN MANUFACTURING CATALYST

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HYDRODESULPHURIZATION CATALYSTS CATALYSTS HYDRODESULPHURIZATION ISOMERIZATION CATALYSTS CATALYSTS ISOMERIZATION OTHERS OTHERS

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Report Description • The rapid increasing demand for gasoline and diesel has boosted the requirement of raw materials for surged production. However, the finite supply of raw materials inflates the overall cost of production.

• This factor has attracted manufacturers toward refinery catalysts, as more gasoline and diesel can be extracted using refinery catalyst from the exact amount of crude oil.

• The refinery catalyst market is hence improved by the fact that the productive use of catalysts can help the manufacturers’ better address the increasing energy demand.

• The refinery catalysts manufacturers are thus boosting their production capacities to cater to the rising demand for refinery catalysts.

• The global refinery catalyst market report is projected to grow at a CAGR of 2% during the forecast period of 2016-2023 and is estimated to be approximate $2326 million by 2023.

Market Insights • Catalysts are an important additive in the chemical industry since it aids speeding of operations by providing alternative pathways for the formation and disintegration of the chemical bonds.

• Catalysts that are used in chemical reactions are specific owing to varied properties.

Catalysts namely zeolite, silver, platinum, palladium and rhodium are the major types used in the chemical industries.

• The crude oil reserves are diminishing rapidly which is a major concern for the companies. Also, the total production cost of the refining catalyst is much higher as compared to the conventional catalysts.

• However, significant research and development to reduce the cost and improve the quality of refinery catalyst are seen as the major opportunities for the market.

Market Share

Regional study • North America dominates the refining catalyst market with approximately 35% of the total market share.

• The region has explored a share shale gas capability which is a major driver. Also, the stringent regulatory policy laid by the Environmental Protection Agency (EPA) in the U.S and the rising demand for energy has driven the market growth in North America. The US is the largest refinery catalyst consumer in the region.

• However, over the forecasted period, the regional paradigm of the refinery catalyst market is driven by Asia Pacific.

• The Asian economies are emerging rapidly with immense potential for development and also the adoptions of stringent regulations by the governments in Asian countries are expected to create various growth opportunities for the Asian market. The report provides country-level analysis of the covered regions.

Competitive Insights

• The market for refinery catalyst is highly competitive. Some of the key companies analyzed and contributed to the overall development of the market growth are BASF, Clariant, Exxon, Evonik, Shell among others.

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