Sep 11, 2017   SOURCE: BusinessWire

Refinery Catalyst Market to Reach $7.9 Billion by 2022 - Analysis by Type, Ingredient and Region - Research and Markets

The "Refinery Catalyst Market by Type, Ingredient and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The refinery catalyst market is projected to reach USD 7.98 billion by 2022, at a CAGR of 3.2% from 2017 to 2022.

One of the most significant factors driving the growth of the refinery catalyst market is the increased demand for refined products. However, high production cost and diminishing crude oil reserves are acting as key restraints to the growth of the refinery catalyst market. The cost of raw materials required for the production of refinery catalysts has witnessed a significant increase over the past few years. Thus, increase in prices of raw materials has led to the increased cost of refinery catalysts. In addition, limited crude oil reserves are expected to affect the growth of the refinery catalyst industry, owing to high dependency on the production of energy from crude oil.

Among all types, the FCC catalysts segment is estimated to account for the largest share of the refinery catalyst market in 2017, in terms of value and volume. FCC is one of the most important processes used in the manufacture of gasoline. The demand for FCC catalysts is anticipated to witness a significant growth in the near future, as these catalysts utilize FCC additives to meet precise unit specifications, such as low sulfur content, high octane number, low nitrogen oxide emissions, and low levels of carbon monoxide. In addition, the amount of FCC catalysts used to process feedstock will further contribute to the growth of the FCC catalysts segment.

Companies Mentioned

  • Albemarle Corporation
  • Anten Chemical Co., Ltd.
  • Arkema Group
  • Axens SA
  • BASF SE
  • Chempack
  • China Petroleum & Chemical Corporation (Sinopec Corp.)
  • Clariant International Ltd
  • Criterion Catalysts & Technologies L.P.
  • Exxon Mobil Corporation
  • Filtra Catalysts and Chemicals Ltd.
  • Haldor Topsoe A/S
  • Honeywell, Uop LLC.
  • Others

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Refinery Catalysts Market, By Type

7 Refinery Catalysts Market, By Ingredient

8 Refinery Catalysts Market Size, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/l38pm7/refinery_catalyst