The Global Refinery Catalysts Market is projected to reach USD 6.72 billion by 2028, growing at a CAGR of 4.1% during the forecast period. Refinery catalysts due to their properties are commonly used in petroleum refineries to change the chemical reaction rate. In addition, the quality of the gasoline products generated by FCC and hydro-processing is also enhanced. Refinery catalysts are known to minimize the adverse effects of gasoline and diesel on the environment.
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Key Developments in the Refinery Catalysts Market:
- In April 2017, Rotary Engineering Ltd (Singapore) signed a contract with Emirates National Oil Co. (ENOC) of Dubai which amounts to USD 1 billion. Rotary Engineering will make 12 storage tanks refinery which will store the increased production of jet fuel, naphtha, and gasoline blendstocks.
- In July 2017, Axens (France) developed Craken series of hydrocracking catalysts for optimum cycle time and efficient processing of the feedstock. This would assist the business to achieve a competitive advantage over other industry players providing various catalysts for hydroprocessing.
- In April 2018, Indian Oil Corporation (India) planned on investing USD 3.5 billion to expand and upgrade its refineries and boost its marketing network.
Market Segmentation:
By Type:
- Fluid Catalytic Cracking
- Reforming
- Hydrotreating
- Hydrocracking
- Isomerization
- Alkylation
By Material:
- Zeolite
- Metal
- Chemical Compound
- Others
Companies Covered: JGC C&C, Honeywell International Inc, Haldor Topsoe A/S, Filtra Catalysts and Chemicals Ltd., Exxon Mobil Corporation., Criterion Catalysts & Technologies L.P., Clariant, China Petrochemical Corporation., Chempack, BASF SE, Axens, Arkema, Anten Chemical Co, Albemarle Corporation, W. R. Grace & Co, NESTE, and Advameg Inc.
Reasons to Buy This Report:
- Market size estimation of the global refinery catalysts market on a regional and global basis.
- The unique research design for market size estimation and forecast.
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