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(MoneyNewsWire.Net, August 30, 2016 ) Description-
About Catalyst
A catalyst can be defined as a component that accelerates a chemical reaction without taking part in the process. The amount of catalyst required is small compared to the amount of reactants. In most cases, the entire quantity of catalyst is recovered at the end of the reaction process. In refining, catalysts play an important role in cracking heavy carbon chains into lighter products such as diesel and gasoline. Hence, these are mostly used in processes subsequent to the post atmospheric and vacuum distillation units.
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Technavios analysts forecast the global refining catalyst market to grow at a CAGR of 3.28% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global refining catalyst market for 2016-2020. The report discusses segmentation in the refining catalyst market by process (FCC, alkylation, hydrotreating, hydrocracking, and catalytic reforming), by type (zeolites, metals, and chemical compounds).
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Refining Catalyst Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Albemarle
BASF
Honeywell-UOP
Royal Dutch Shell (Shell)
W. R. Grace
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Other prominent vendors
ExxonMobil
Dow Chemicals
DuPont
Sinopec
Axens
Market driver
Higher demand for refined petroleum products boosting the refining catalyst market
For a full, detailed list, view our report
Market challenge
Overcapacity in refineries in developed countries leading to the shutdown of refineries
For a full, detailed list, view our report
Market trend
Low crude oil price has a mixed impact on refining industry and refining catalyst market
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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