Global Catalyst Regeneration Market 2017-2021
About Catalyst Regeneration
Catalyst regeneration is a catalyst activity regeneration process by which the performance of the catalyst is recovered. It is a common practice followed by many end-user industries to reduce their operational costs. Regeneration includes a controlled oxidation process by which coke and other combustible elements are removed. Extensive monitoring is required to measure the properties of the spent catalysts and their suitability to the reuse of catalysts after the regeneration process. The catalyst regeneration industry follows the principle of three actions: sample, analyze, and segregate; this helps in maximizing the catalyst activity recovery with increased quantity and quality.
Technavio’s analysts forecast the global catalyst regeneration market to grow at a CAGR of 5.68% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global catalyst regeneration market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Catalyst Regeneration Market 2017-2021
Technavio recognizes the following companies as the key players in the global catalyst regeneration market: Eurecat, Haldor Topsoe, NIPPON KETJEN, Porocel, and STEAG SCR-Tech.
Other Prominent Vendors in the market are: Advanced Catalyst Systems, CORMETECH, EAS, Ebinger Katalysatorservice, EmeraChem, Ranido, and Zibo Hengji chemical.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing refinery capacities. Refineries are the key sources of crude oil. The demand for energy is growing rapidly every day due to several reasons such as rising population, increasing number of vehicles, industrial growth, and economic development in emerging countries. The rising demand for energy is fueling the production of crude oil. As per the U.S. Energy Information Administration (EIA), there is a constant increase in the global crude oil production.”
According to the report, one of the major drivers for this market is High price of unprocessed catalyst. Catalysts own a significant portion of the operational cost in oil refineries, gas processors, chemical, and petrochemical plants. The cost of regenerated catalysts is very low compared to that of the unprocessed catalysts, exhibiting almost similar performance. Currently, advanced spent catalysts can be regenerated to perform activities corresponding to the fresh catalysts.
Further, the report states that one of the major factors hindering the growth of this market is Intricacies in regenerating catalysts contaminated by metals. In oil refineries, gas processors, and chemical and petrochemical industries, catalysts get deactivated during the operations mainly due to three reasons such as sintering, coke deposit, and metal contamination. Coke deposits and sintering can be eliminated by the catalyst regeneration process. The difficulty arises when the metal and other contaminants such as arsenic, lead, silicon, and vanadium contaminate the catalyst. Catalysts contaminated by metal pollutants need a careful monitoring to minimize the chances of contamination and maximize the chances of catalyst recovery.
Eurecat, Haldor Topsoe, NIPPON KETJEN, Porocel, STEAG SCR-Tech, Advanced Catalyst Systems, CORMETECH, EAS, Ebinger Katalysatorservice, EmeraChem, Ranido, and Zibo Hengji chemical.