Albany, NY -- (ReleaseWire) -- 05/14/2014 -- The refinery catalyst market is witnessing rapid growth in recent years, driven by the demand for refinery fuels and emerging trends. Refinery catalysts are projected to be the lifeline for the petroleum refinery industry growth. Asia Pacific, Middle East and South America are the market leaders for refinery catalysts and have high demand potential.
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The global refinery catalyst market could be segmented into three major categories, on the basis of types into: hydroprocessing catalyst, hydrocracking catalyst, crude oil refining process, hydrotreating catalyst, hydrodesulphurization catalyst, alkylation catalyst, fluid catalytic, cracking catalyst and hydrogen manufacturing, on the basis of product varieties into: metals, zeolites and chemical compounds. On the basis of parameters it is segmented into stereospecificity, reactivity, chemical structure of the final fuel product, surface area and regioselectivity. The market is further segmented by geography into North America, Europe, Asia Pacific and rest of the world regions.
The global refinery catalyst market is driven by factors such as growing consumption of petroleum products and rising demand for maintaining high octane figures. The technology developments, environmental regulations and emerging trends will also act as drivers for the global refinery catalyst market.
Some of the major factors inhibiting the growth of this market are increasing manufacturing costs and depleting crude oil reserves. The weakening global economy will also limit the growth of this market. Backward integration and research and development to reduce cost and improve quality of catalysts will also serve as an opportunity, fuelling the growth of the global refinery catalyst market.
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Some of the key players dominating the global refinery catalyst market are Chevron Lummus Global LLC, BASF Catalyst LLC, Exxon Mobil Corp., W.R. Grace & Co., Shell Global Solutions, Nippon Ketjen Co. Ltd., Omg U.K. Ltd., Haldor Topsoe, Catalytic Distillation Technologies, Albemarle Corp., Intercat, JGC, Kuwait Catalyst Co., Zeolyst and Sinopec Catalyst Co.
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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