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Refinery Catalysts Market Worth $7.12 Billion By 2025 | CAGR: 4.6% : Grand View Research, Inc.

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Refinery Catalysts Market Worth $7.12 Billion By 2025 | CAGR: 4.6% : Grand View Research, Inc.

September 11
10:12 2019
Refinery Catalysts Market Worth $7.12 Billion By 2025 | CAGR: 4.6% : Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
Significant chunk of global refining capacity appreciated by U.S. is anticipated to have a positive impact on refinery catalyst market.
Key players operating in the market are Clariant International Ltd.; Arkema Group; Zeolyst International Inc.; BASF SE; Chevron Corporation; Johnson Matthey Company; ExxonMobil Corporation; Evonik Industries; E.I. du Pont de Nemours & Company (DuPont); W.R. Grace & Co.; Albemarle Corporation; CRI/Criterion Catalyst; Haldor Topsoe;

SAN FRANCISCO – September 11, 2019 – According to report published by Grand View Research,“Refinery Catalysts Market Size, Share & Trends Analysis Report By Material (Zeolites, Chemical Compounds), By Application (FCC, Hydrocracking, Catalytic Hydrotreating), By Region, And Segment Forecasts, 2019 – 2025” 

The global refinery catalysts market size is expected to reach USD 7.12 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.6% during the forecast period. Favorable regulations passed by significant associations and authorities for the use of catalysts in several refining applications are predicted to drive the growth.

The Fluid Catalytic Cracking (FCC) catalyst application segment is anticipated to witness huge demand and is gaining immense significance in Middle East owing to the presence of heavy crude oil reserves, which is expected to have a positive impact on the overall market growth in the forthcoming years.

Refinery catalysts market participants are looking forward to incorporating mergers and acquisitions to extend their reach to all the developed regions. In 2014, Rockwood Holdings, Inc. and Albemarle Corporation announced an agreement under which Albemarle acquired outstanding shares of Rockwood in cash and stock transaction valued at approximately USD 6.2 billion, which rewarded them with sustainable growth.

Hydrocracking is a substantial application that is likely to witness high growth in near future as it can be placed in low penetration and high growth quadrant. Hydrocracking of heavy and highly adulterated feedstock requires optimum technical solutions that include catalyst and flow scheme consideration. This development is anticipated to surge the demand of refinery catalysts industry worldwide.

U.S. refinery catalysts market size, by raw material, 2014 - 2025 (USD Million)

 

To view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/refinery-catalysts-market

Further key findings from the report suggest:

  • Asia Pacific is the largest market for refinery catalysts as it has the largest population which in turn has enabled burgeoning growth in industrialization, urbanization, and construction activities

  • Upsurge in oil and gas assessment activities has led to an increase in demand for refinery catalysts in Middle East leading to a higher CAGR in this region

  • Europe witnessed an economic slowdown has hindered the market from the past few years but, the acceleration in construction and automotive industry has aided the refinery catalyst market to grow at a balanced rate

  • Shale gas has attracted many markets in North America and has led to the establishment of many exploration and refining projects, which in turn, has increased the usage of the catalyst to convert heavy crude oil into lighter parts

  • Rapid industrial development of refining companies and polymer manufacturing in Asia Pacific is also anticipated to drive the market

 

To request a sample copy of this report, click the link below:
www.grandviewresearch.com/industry-analysis/refinery-catalysts-market/request/rs1

   

Global refinery catalysts market share, by application, 2018 (%)

 

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Grand View Research has segmented the segmented the global refinery catalysts market on the basis of material, application, and region:

Refinery Catalyst Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Zeolites

  • Chemical Compounds

  • Metals

  • Others

Refinery Catalyst Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Fluid Catalytic Cracking (FCC) Catalysts

  • Alkylation Catalysts

  • Hydrotreating Catalysts

  • Hydrocracking Catalysts

  • Catalytic Reforming

  • Others

Refinery Catalyst Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Mexico

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

    • Russia

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Indonesia

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • South Africa

Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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