Global Refining Catalyst Market to 2026 – Featuring BASF, Chevron and Clariant Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Refining Catalyst Market Outlook to 2026” report has been added to ResearchAndMarkets.com’s offering.
Crude oil is today the primary energy source for transportation fuels worldwide and a source to produce a wide variety of chemical products. Catalysis plays a key role in petroleum refining, as most of the processes are catalytic. According to the publisher, the global Refining Catalyst market is expected to witness a considerable growth rate during the forecast period. The market for refining catalysts is growing to meet the increasing market demands of quality standards. Moreover, increased demand for high octane numbers in fuels and rising demand for petroleum derivatives are further helping the market growth. Hence, the refining catalyst market is expected to grow at a high pace during the study period. On the other side, declining crude prices and diminishing resources are expected to hinder market growth in the future years. Catalysis plays a crucial role in several stages of fuel production. Many catalytic processes are necessary to convert crude oil to final commercial products, with strictly defined specifications. Around 30% of the total amount of catalysts produced by the industry is consumed in refinery processes.
Companies Mentioned
- W. R. Grace & Co.-Conn.
- Albemarle Corporation
- BASF SE
- China Petroleum & Chemical Corporation
- Haldor Topsoe A/S
- Axens Group
- Chevron Corporation
- Clariant AG
- Royal Dutch Shell plc
- DuPont de Nemours Inc.
- Evonik Industries AG
- Exxon Mobil Corporation
Refineries produce different shares of petroleum products depending on the composition of crude oil and the demands of the market. Directly or Indirectly, around 6,000 products are derived from petroleum. The largest share, close to 75% of oil products produced in refineries, is used as energy carriers that are various grades of fuel oil and gasoline. These fuels include or can be blended to give gasoline, diesel fuel, jet fuel, heavier fuel oils, and heating oil. Heavier or less volatile fractions are used to produce asphalt, tar, paraffin wax, lubricating, and other heavy oils. Moreover, refineries produce other chemicals used in chemical processes to make plastics and other useful materials. Carbon, in the form of hydrogen and petroleum coke, is also produced as petroleum products. The hydrogen produced is often used as an intermediate product for other oil refinery processes such as hydrocracking and hydrodesulfurization. Many day-to-day used everyday products are also a derivative of petroleum that includes aspirin, dentures, clothing, cosmetics, solar panels, personal care products such as shampoo & toothpaste, rugs, and food products like chewing gum.
Transportation is the primary economic sector in the consumption of a large number of petroleum products in the form of petrol and diesel. The increase in vehicle stock is the primary driver contributing to the rise in oil consumption in the road transportation sector. Among all transport modes, the most significant demand for oil comes from road transportation. The total vehicle stock is estimated to grow by around 1.1 billion between 2017 and 2040 to reach 2.4 billion vehicles. Out of this, passenger cars are estimated to grow by approximately 877 million, with 768 million cars in developing countries. Out of an expected 442 million commercial vehicles by 2040, a large majority of around 370 million will remain conventional. Natural gas vehicles are forecasted to account for 6% of the commercial fleet by 2040.
In addition to optimizing existing refining catalysts, producers are continually looking to develop new catalyst products with precise characteristics to meet the exact needs of a given application. The transition towards a CO2-neutral society poses a significant challenge to catalysis research. In the short term, the catalysts and processes that offer optimally efficient and clean use of fossil fuels and feedstock are in demand. In the longer term, new catalytic materials for the transition to a CO2-neutral society are required, which can also accommodate the predicted increase in the use of electricity and transport.
Key Topics Covered:
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter’s Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1 Metals
5.1.2 Zeolites
5.1.3 Chemical Compounds
5.2 By Type
5.2.1 Hydroprocessing Catalysts
5.2.2 Fluid Catalytic Cracking (FCC) Catalysts
5.2.3 Alkylation Catalysts
5.2.4 Reforming Catalysts
5.2.5 Others
6. Regional Market Analysis
7. Key Company Profiles
8. Competitive Landscape
9. Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/sc4adl
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