Refinery Catalysts Market worth $6,707.92 Mn by 2019, According to the New Study on ASDReports

Thursday 27 November 2014, Amsterdam

The report “Refinery Catalysts Market by Type (FCC Catalysts, Hydrotretaing Catalysts, Hydrocracking Catalysts, Alkylation Catalysts), by Ingredient (Zeolites, Metals, Chemical Compounds) - Global Trends and Forecasts to 2019”, defines and segments the refinery catalysts market with an analysis and forecast of its global volume and value.

The report also defines driving and restraining factors for the refinery catalysts market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers are rise in demand for transportation fuels, stringent environmental regulations, and rising consumption of petroleum based derivatives. Some of the restraints are diminishing crude oil reserves and high cost of catalysts production. Some opportunities which are projected to change the dynamics of the refinery catalysts industry in the years to come include improved R&D activities to reduce cost and improve quality of catalysts. The market is forecasted on the basis of key regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. The regional refinery catalysts market is further segmented on the basis of main types.

“North America: The Biggest Market of Refinery Catalysts”

The North America region was the world’s largest market for refinery catalysts in 2013. The U.S. is the key consumer in North America. Surging energy demand remains the key growth factor in the post-recession period. The stringent environmental regulations laid by the Environmental Protection Agency (EPA) in the U.S. are an important driver for the refinery catalysts market in the North American region. Various product launches, developments, and expansions in different industries have in turn made the region a potential growth market for refinery catalysts.

“Hydrotreating catalyst is the topmost segment by type, and zeolites dominates as the key ingredient in the refinery catalysts market”

Hydrotreating catalysts take the topmost positions in the refinery catalysts market with around 35.12% share by value in 2013. The fastest growth rate till 2019 in the refinery catalysts market is projected to come from the hydrocracking catalysts segment. Zeolites dominated the ingredients market for refinery catalysts with a market share of 49.85% in 2013.

Haldor Topsoe (Denmark), Albemarle Corporation (U.S.), W.R. Grace & Co. (U.S.), BASF SE (Germany), Honeywell International Inc. (U.S.), Axens S.A. (France), China Petroleum & Chemical Corporation (China), Johnson Matthey Plc. (U.K.), Clariant AG (Switzerland) are some of the key manufacturers of refinery catalysts.