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Refinery Catalyst Market is predicted to see lucrative gains over 2019-2025

Author : Ronak Bora | Published Date : 2019-08-06 

Refinery Catalyst Market is likely to cross USD 5.5 billion by 2025; according to a new research report. The revival of global oil & gas industry plays a noteworthy role in the product market. The increasing number of oil & rigs will increase the refined petroleum products which will further propel the refinery catalyst market by the end of 2025. Entire oil & gas rig count witnessed a massive fluctuation in the past couple of years with record low prices and weakening demand. Global oil rig count fell from 3,570 in 2014 to 1,969 in 2015 and further dropped to 1,772 by the end of 2016. Refinery catalysts are employed in various processes that include isomerization, reforming, desulfurization, catalytic cracking, etc. The product help refiners to meet operational efficiency, manage fuel standards, without affecting the environment. Shrinking fuel quality standards includes reduction of benzene, olefins, etc. to shift towards fuels that are extremely low in sulfur content, which has escalated demand of catalyst for chemical synthesis.

Availability and fluctuating raw material prices may hamper the refinery catalyst market growth during the projected timespan. The production of refinery catalyst includes eminent usage of unique earth metals such as vanadium, tungsten, molybdenum, etc. which are available at very few locations globally. This will restrict the product market growth in future.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2668

The refinery catalyst industry is gradually aligning with the increased petroleum production resulting from the resurgence of oil & gas industry, in the process of stabilizing after a tremendous downfall earlier in the decade. With an attempt by major refineries worldwide to comply with fuel standards, achieve operational efficiency and enhance the fuel output with minimum emissions, the refinery catalyst market can soon be expected to achieve escalated consumption rates.

A key incentive towards the growth of the refinery catalyst market is the global population that is multiplying exponentially, impelling the fuel demand for use in transportation & industrial power generation. Reportedly, the transportation sector, comprising of automobile, aviation and marine is responsible for more than 60% of the total fuel utilization. Considering the prediction by the United Nations that indicates reaching a global population of over 9.8 billion by the year 2050, one can only surmise the amount of resources that will be required to support the extensive energy needs of the future.

With China and India being the most populated nations, the Asia-Pacific refinery catalyst market apportioned a considerable share of the overall industry owing to the cumulative reformulated fuel consumption. As these two countries are expected to remain the top two inhabited nations going forward as well and are introducing tighter legislations to curb emissions, the Asia-Pacific belt is slated to contribute enormously to the refinery catalyst market.

In an example showcasing the potential of Asian refining catalyst market, ExxonMobil recently announced about its discussions regarding a multi-billion dollar expansion of its clean fuel outputs at the Singapore refinery. The Singapore complex is one of Exxon’s largest production site for fuel, lubricants and chemicals and the project is aimed at increasing its output of fuels that comply with the International Maritime Organization’s global sulphur limit. The venture demonstrates the outlook of international oil & gas corporations towards the promising Asia-Pacific market, giving a thrust to the refinery catalyst market in the region.

Major competitors of refinery catalyst market include Honeywell UOP, Albemarle, Royal Dutch Shell, Haldor Topsoe, W. R. Grace & Co, Clariant, BASF and Axens, Johnson Matthey. These company's emphasis product advancement to upsurge the refinery productivity under severe environmental regulations.

Glimpse of Table of Content (ToC)

Chapter 3. Refinery Catalyst Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry ecosystem analysis

3.3.1.   Raw material analysis

3.3.2.   Manufacturing trends

3.3.3.   Profit margin

3.3.4.   Value addition

3.3.5.   Distribution channel analysis

3.3.6.   Vendor matrix

3.3.6.1.    List of key raw material suppliers

3.3.6.2.    List of key manufacturers/distributors

3.4. Raw material trends

3.5. Innovation & sustainability

3.5.1.   Patent analysis

3.5.2.   Technology landscape

3.5.3.   Production process

3.5.4.   Future trends

3.6. Industry impact forces

3.6.1.   Growth drivers

3.6.1.1.    Revival of global oil & gas industry

3.6.1.2.    Growing demand for petroleum derivatives

3.6.1.3.    Tightening legislation to reduce sulfur content

3.6.1.4.    Increasing automotive demand in Asia Pacific

3.6.2.   Industry pitfalls & challenges

3.6.2.1.    Fluctuation in raw material prices and high production cost

3.6.2.2.    Increasing alternatives of energy

3.7. Regulatory trends

3.7.1.   U.S.

3.7.2.   Europe

3.7.3.   China

3.8. Growth potential analysis

3.9. Regional price trends

3.9.1.   Cost structure analysis

3.9.1.1.    R & D cost

3.9.1.2.    Manufacturing & equipment cost

3.9.1.3.    Raw material cost

3.9.1.4.    Distribution cost

3.9.1.5.    Operating cost

3.9.1.6.    Miscellaneous cost

3.9.2.   Price by type

3.9.3.   Price by material

3.10.    Competitive landscape, 2018

3.10.1. Company market share analysis, 2018

3.10.1.1.    Global

3.10.1.2.    Regional

3.10.2.   Brand analysis

3.10.3. Key stakeholders

3.10.4. Strategic dashboard

3.11.    Porter's analysis

3.11.1. Supplier power

3.11.2. Buyer power

3.11.3. Threat of new entrants

3.11.4. Industry rivalry

3.11.5. Threat of substitutes

3.12.    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/refinery-catalyst-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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