Refinery Catalyst Market 2019
Industry Survey, Growth, Competitive Landscap and Forecasts to 2025
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Refinery Catalyst Market 2019 Refinery Catalyst Market 2019 – Sales Revenue, Future Growth, Business Opportunities, Industry Share, Global Size Analysis by Market Insights:
Forecast to 2023
Refinery catalysts are a sought-after industrial material that find extensive application in processes such as catalytic reforming, hydrocracking, hydrotreating, FCC, among others. Refinery catalysts find extensive application in crude oil purification. Without refinery catalysts, production of gasoline and petrolium is extremly diffidult. According to a study conducted by Market Research Future (MRFR), the global refinery catalyst market is set to witness an impressive growth over the next several years. It is projected that the market will post a CAGR of 4% between 2017 and 2023. Get Free Sample Now@ https://www.marketresearchfuture.com/sample_request/4436 Factors such as heavier crudes and feedstock, rising stringency in fuel and enviromental regulations, and growing energy consumption are prompting refiners to adopt effective refinery processes. This is influencing the global refinery catalyst market. Rise in demand for fossil fuel and petrolium derivative along with stricter purification norms have provide an impetus to the refinery catalysts market. Nonetheless, exhausting crude oil reserves and fluctuation in fuel prices continues to impact the market.
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Refinery Catalyst Market 2019
Key Players: •
China Petroleum & Chemical Corporation (Sinopec Corp.)
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Albemarle Corporation
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Haldor Topsoe A/S
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Criterion Catalysts & Technologies L.P.
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Exxon Mobil Corporation
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Top of Form BASF SE
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W. R. Grace & Co.
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Clariant International Ltd
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Axens SA
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Honeywell, Uop LLC.
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Refinery Catalyst Market 2019 Regional Analysis Based on region, the market has been segmented into North America, Latin America, Europe, the Middle East & Africa (MEA) and Asia Pacific (APAC). Asia Pacific (APAC) is one of the frontrunners in the global refinery catalyst market. A tremendous industrial growth in China is viewed as the key force propelling the market in APAC. Moreover, development of new refinery infrastructure along with upgradation of existing ones is a major driver of the market in the region. Countries like China and India are expected to remain key contribution to the global refinery catalyst market in terms of revenue. The refinery catalyst market in APAC is likely to witness a healthy growth during the forecast period. APAC is followed by North America.
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