(MENAFNEditorial) iCrowdNewswire - Aug 16, 2018
The 2018-2025 report on global Refinery Catalyst market explores the essential factors of Refinery Catalyst industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
Refinery Catalyst Market will surpass USD 5.8 billion by 2025; according to a new research report.
Refinery catalysts are used to increase the yield of petroleum derivative products. These products aid refinery operators to enhance the operational efficiency, selectivity and conversion ratio of the crude oil. Refinery catalysts will gain the market throughout the forecast timeframe owing to the strict government regulation to reduce the containments and the emission of sulfur compounds and nitrogen compounds. For instance, In January 2018, China V was implemented for gasoline fuel quality, for the reduction of sulfur quantity in gasoline to 10 ppm. Besides the sulfur limit, it also provides reduction in minimum octane requirement, olefin content and manganese content. This will require more refining of products, further increasing the demand for product. The International Maritime Organization?s Marpol regulation aimed for the reduction of sulfur content in marine fuels which will augment the hydrotreating and hydrocracking product market during forecast period.
China?s transportation segment depicted to be a favorable quotient for oil refinery catalyst market with significant annual growth rate during study period. According to OICA, overall automotive sales in China was registered at nearly 29 million units with around 4% increase in 2016. This will propel the product demand till 2025.
The primary hindrance for product market is the development of alternative energy sources. For instance, Europe has slowed down the consumption of petroleum products by encouraging hybrid and electric vehicle. The high production cost and price volatility of raw material will also hinder the product market.
Request a sample of this premium Research Report at: https://www.marketstudyreport.com/request-a-sample/1171791/
On material basis, the refinery catalyst market is segmented into metal, chemical compounds, zeolite and others which include organometals, enzymes, rare earth metals, etc. Zeolite catalyst has largest share owing to low cost along with beneficial characteristics. Moreover, metal-based catalyst will hold largest revenue share owing to the precious metals used in the manufacturing of the product.
In 2025, Russia share will reach around 40% of the total Europe market, rising at a substantial rate in upcoming years. The construction of hydrocracking unit in Rosneft?s Tuapse, Novokujbysevsk, and Gazprom Neft?s Omsk under Chevron Lummus will propel the demand of product. India and China will be the emerging market in Asia Pacific region and will exhibit the CAGR more than 3% in upcoming years.
The major players product includes W. R. Grace & Co. (U.S), Haldor Topsoe, Albemarle Corporation, BASF SE, Honeywell, Uop., and Axens Sa.
Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1171791/
Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.2. Market definitions
1.3. Market estimation & forecast parameters
1.4. Data sources
1.4.1. Primary
1.4.2. Secondary
1.4.2.1. Paid sources
1.4.2.2. Public sources
Chapter 2. Executive Summary
2.1. Refinery catalyst market 360 degree synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Type by material trends
2.1.3. Material trends
2.1.4. Regional trends
Chapter 3. Refinery Catalyst Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.4. Raw material trends
3.5. Innovation & sustainability
3.5.1. Patent analysis
3.5.2. Technology landscape
3.5.3. Production process
3.5.4. Future trends
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Revival of global oil & gas industry
3.6.1.2. Growing demand for petroleum derivatives
3.6.1.3. Tightening legislation to reduce sulfur content
3.6.1.4. Increasing automotive demand in Asia Pacific
3.6.2. Industry pitfalls & challenges
3.6.2.1. Fluctuation in raw material prices and high production cost
3.6.2.2. Increasing alternatives of energy
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Regional price trends
3.9.1. Cost structure analysis
3.9.1.1. R & D cost
3.9.1.2. Manufacturing & equipment cost
3.9.1.3. Raw material cost
3.9.1.4. Distribution cost
3.9.1.5. Operating cost
3.9.1.6. Miscellaneous cost
3.9.2. Price by type
Related More Info: https://www.marketstudyreport.com/blog/europe-recycled-glass-market
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone:1-302-273-0910
US Toll Free:1-866-764-2150
Email: [email protected]
Web site: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/
Contact Information:
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
MENAFN1608201800703403ID1097303726
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.