Global Refinery Catalyst Market: Trends and Opportunities (2015-2019)
Scope of the Report
The report titled “Global Refinery Catalyst Market: Trends and Opportunities (2015-2019)” analyzes the potential opportunities, challenges, demand drivers and significant trends representing the Global Refinery Catalyst market. The report elucidates facts on the Refinery Catalyst market as supplemented by the latest available statistics. It also profiles and analyzes the leading five companies operating in this industry with latest data and a brief overview of their business and finance structure along with a brief discussion of their future business strategies. The report gives valuable insight into technology used in refinery catalyst market, its demand in various geographies. In the report, we also try to study the growth pattern in the demand, consumption and revenue earned by refinery catalyst manufacturers and the latest trends concerning refinery catalyst market. Most importantly, we have analyzed the current market size and projected future market size of the overall global refinery catalyst market for the years to come.
Johnson Matthey PLC
The Global Refinery Catalyst market has been growing since the past several years. Some important refinery catalysts used are FCC, Hydrotreating catalyst, Hydrocrcking catalyst, and Alkylation catalyst. Demand for FCC is relatively higher due to its better yield. However, Capacity of FCC catalysts is expected to be relatively tight, and hydroprocessing catalysts are expected to lead as the largest segment of the business.
Globally, major factors contributing to the growth of refinery catalysts industry is high demand and consumption of crude oil, gasoline and other fuels used for transportation. Among the several varieties of refinery catalysts available in the market, the consumption of FCC is the highest due to increased demand of FCC for crude oil production. Increase in consumption of refined petroleum products and increase in refinery capacity of some regions/ countries drives the growth of refinery catalyst market.
Geographically, growth of the refinery catalysts market is mainly attributed to North America and Asia- Pacific region. Key emerging economies in Asia pacific region, mainly China and India holds potential due to more use of vehicles and growth in annual income. China showed the fastest increase in crude oil refinery capacity; however, North America still remains the market leader in refinery catalyst market. Saudi Arabia, Japan, and India are showing consistent growth in this market. There is a lot of scope in the Asia-Pacific region due to the surging demand for transportation fuels in the region. With the emerging technological developments and innovations in the region, the demand for refinery catalysts is expected to develop more in this region in the upcoming years.