Researchmoz added Most up-to-date research on "Refinery Catalysts: Market Strategies, Analysis, and Opportunities" to its huge collection of research reports.
Global Refinery Catalysts Market: Snapshot
The global market for refinery catalysts is gaining high prominence owing to the important role played by refinery catalysts in the cracking process in petroleum refineries. While the massive global consumption of petroleum products, which continues to rise at a steady pace, is a key driver of the market, stringent government regulations pertaining to the emissions produced by vehicles and other industrial sectors are also expected to play a big role in the development of the market in the next few years.
In the past 2-3 years, the massive volatility in crude oil prices on a global front has had a significant negative impact on the production volumes and revenues of several refinery catalyst manufacturers. Analysts suggest that the situation will remain unchanged or will modify at a very slow pace. It will be a while until the global costs of crude oil settle at a gainful margin and the scenario will lead to some challenges to the growth of the companies operating in the global refinery catalyst market.
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Nevertheless, companies in the market could benefit from the thriving automotive and automotive fuels industries in Asia Pacific in the near future. Stringent regulations governing vehicle emissions in North America and Europe will also present the increased demand for refined oil, thus driving the demand for refinery catalysts in turn.
The study addresses hydroprocessing catalysts and FCC catalysts. Hydroprocessing catalysts are used to create cleaner fuels--especially ULSD. Demand for cleaner fuels is driving the market. Refining catalysts are experiencing strong growth. New fuel standards are coupled with refineries increasing use of heavier and dirtier feedstocks and major additions to refining capacity.
The refinery catalyst market is thus boosted by the fact that the efficient use of catalysts can help the manufacturers' better address the increasing energy demand. Fluid catalytic cracking (FCC) is the conversion process used in petroleum refineries. It is widely used to convert the high-boiling, high-molecular weight hydrocarbon fractions of petroleum crude oils to more valuable gasoline, olefinic gases and other products.
“Fluid Catalytic Cracking (FCC) petroleum refining products overcome limiting factors affecting refinery capacity and operating flexibility to deliver value and performance. Catalysts are a crucial component in the processing of highly valued petrochemicals, gasoline, diesel and other fuels.”
The market for refinery catalysts in the oil refining sector at $4,967 million in 2016 is expected to be worth $6,490 million by 2023, growing at 3.8% on average between 2017 and 2023. There are 500 FCC units being operated globally, each of which requires a constant supply of FCC catalysts. There are 3,000 HPC units being operated globally, or a capacity of approximately 44 million barrels per day, each of which typically requires replacement HPC catalysts once every one to four years.
View Complete TOC with tables & Figures @ https://www.researchmoz.us/refinery-catalysts-market-strategies-analysis-and-opportunities-report.html/toc
Companies Profiled
Market Leaders
Albemarle
BASF
Haldor Topsoe
Honeywell / UOP
Advanced Refining Technologies (ART)
WR Grace
Clariant AG / Süd-Chemie AG
Shell CRI
IFP Energies nouvelles Group Company / Axens
Sinopec China Petrochemical Corporation
Shell / Criterion
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
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Global Refinery Catalysts Market: Snapshot
The global market for refinery catalysts is gaining high prominence owing to the important role played by refinery catalysts in the cracking process in petroleum refineries. While the massive global consumption of petroleum products, which continues to rise at a steady pace, is a key driver of the market, stringent government regulations pertaining to the emissions produced by vehicles and other industrial sectors are also expected to play a big role in the development of the market in the next few years.
In the past 2-3 years, the massive volatility in crude oil prices on a global front has had a significant negative impact on the production volumes and revenues of several refinery catalyst manufacturers. Analysts suggest that the situation will remain unchanged or will modify at a very slow pace. It will be a while until the global costs of crude oil settle at a gainful margin and the scenario will lead to some challenges to the growth of the companies operating in the global refinery catalyst market.
To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1066880
Nevertheless, companies in the market could benefit from the thriving automotive and automotive fuels industries in Asia Pacific in the near future. Stringent regulations governing vehicle emissions in North America and Europe will also present the increased demand for refined oil, thus driving the demand for refinery catalysts in turn.
The study addresses hydroprocessing catalysts and FCC catalysts. Hydroprocessing catalysts are used to create cleaner fuels--especially ULSD. Demand for cleaner fuels is driving the market. Refining catalysts are experiencing strong growth. New fuel standards are coupled with refineries increasing use of heavier and dirtier feedstocks and major additions to refining capacity.
The refinery catalyst market is thus boosted by the fact that the efficient use of catalysts can help the manufacturers' better address the increasing energy demand. Fluid catalytic cracking (FCC) is the conversion process used in petroleum refineries. It is widely used to convert the high-boiling, high-molecular weight hydrocarbon fractions of petroleum crude oils to more valuable gasoline, olefinic gases and other products.
“Fluid Catalytic Cracking (FCC) petroleum refining products overcome limiting factors affecting refinery capacity and operating flexibility to deliver value and performance. Catalysts are a crucial component in the processing of highly valued petrochemicals, gasoline, diesel and other fuels.”
The market for refinery catalysts in the oil refining sector at $4,967 million in 2016 is expected to be worth $6,490 million by 2023, growing at 3.8% on average between 2017 and 2023. There are 500 FCC units being operated globally, each of which requires a constant supply of FCC catalysts. There are 3,000 HPC units being operated globally, or a capacity of approximately 44 million barrels per day, each of which typically requires replacement HPC catalysts once every one to four years.
View Complete TOC with tables & Figures @ https://www.researchmoz.us/refinery-catalysts-market-strategies-analysis-and-opportunities-report.html/toc
Companies Profiled
Market Leaders
Albemarle
BASF
Haldor Topsoe
Honeywell / UOP
Advanced Refining Technologies (ART)
WR Grace
Clariant AG / Süd-Chemie AG
Shell CRI
IFP Energies nouvelles Group Company / Axens
Sinopec China Petrochemical Corporation
Shell / Criterion
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us ;
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
Follow me on Blogger at:https://marketreserch1.blogspot.com
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