With crude oil prices attaining
stabilization coupled with surging investments in project expansions, the
players in the refinery catalyst market are projected to witness substantial
Future Market Insights, Dubai: Theglobal refinery catalyst market is set to surpass a valuation of US$ 10
Bn by the end of the forecast period (2019 – 2026), as projected by a new
report of Future Market Insights (FMI). Factors primarily fueling the boost are
the growing demand for refining products in the end-use industries, on the back
of downtrend in crude oil prices. The growth is further complemented by
increased production in the U.S. and China.
Refinery Catalyst Market: Key Findings
will remain the most sought-out variety of ingredients, accounting for more
than half of market value owing to their high reusability.
product type, the FCC catalyst segment will persist dominance in overall market
share, owing to the significant presence of FCC units in refineries across the
and North America will capture the lion’s share in the global refinery catalyst
market with the former accounting for 2/5th of overall market value,
on the back of high crude oil refining production.
Refinery Catalyst Market: Key Driving
projects are witnessing significant expansion in regions such as India, China,
and Nigeria. The trend will continue to boost market growth.
concerns regarding climate change, coupled with the environment-friendly
reputation of refinery catalysts are bolstering the refinery catalyst market.
catalyst Market: Key Restraints
limited resources of oil reserves, on which the refinery catalyst market
directly relies on, are likely to hinder the growth of the market.
high cost of raw materials and high manufacturing costs are the challenges
faced by manufacturers, and these factors are likely to impact the over market
Landscape of Refinery catalyst Market
Some of the key players in the global
refinery catalyst landscape that are covered in this study include, but are not
limited to, Albemarle Corporation, Axens S.A., W.R. Grace & Co, Clariant
International Ltd., ExxonMobil Corporation, and Haldor Topsoe A/S, among
About the Report
This Future Market Insights study of 170
pages offers actionable insights on the refinery catalyst market. With
historical data from 2013–2018, and future growth projections and forecasts for
the stipulated period of 2019-27, the report provides inclusive analysis of the
market, on the basis of product (Hydrotreating, and FCC), and ingredients
(zeolites, and chemical compounds), across five geographical regions.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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