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Refinery Catalyst Market – Global Industry Insights, Trends 2025

Author: Donald Lee
by Donald Lee
Posted: Oct 16, 2017

Catalysts work by enhancing the rate of chemical reactions and are the critical part of industrial processes to limit cost and save energy. Refinery Catalyst is a chemical process that converts the petroleum refinery products (low octane count) from the crude oil into (high-octane) liquid products such as diesel, gasoline, kerosene, etc. The end products of which are called as reformates. These reformates are chief sources of aromatic bulk chemicals such as benzene, toluene, xylene and valuable blending stock for gasoline. The increasing demand for transportation of fuels is anticipated to boost the consumption of refinery catalysts. Moreover, the increasing market demand for refined products has led refinery catalysts to witness a growing market pace.

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Refinery Catalyst Market Taxonomy

The global refinery catalyst market is segmented on the basis of type, ingredients, and applications.

On the basis of type, the refinery catalyst market is segmented as:

    • FCC Catalyst

    • Hydrotreating Catalyst

    • Hydrocracking Catalysts

    • Catalytic reforming Catalyst

    • Others

On the basis of ingredients, the refinery catalyst market is segmented as:

    • Zeolite

      • Natural Zeolite

      • Synthetic Zeolite

    • Metals

      • Precious Metals

        • Platinum

        • Palladium

        • Rhodium

        • Gold

      • Rare Earth Metals

      • Transition and Base Metals

        • Tungsten

        • Cobalt

        • Nickel

        • Iron

        • Zirconium

        • Molybdenum

        • Manganese

        • Chromium

Fluid Catalytic Cracking (FCC) is one of the major secondary procedure used in petroleum refineries which converts the high molecular weight and high boiling fractions of petroleum crude oil into more valuable products such as olefin gases, gasoline, and others. Cracking of petroleum hydrocarbons was earlier done by thermal cracking, which is now completely replaced by catalytic cracking. Hence, making the hydrocracking segment of refinery catalysts market to grow at a high rate during the forecast period.

Zeolite ingredient segment is the largest market in the global refinery catalysts market, as it is the most widely used in the FCC process. Owing to its affordable cost coupled with beneficial properties has enhanced the growth of refinery catalyst in FCC process.

Furthermore, other metals such as platinum, tungsten, nickel, cobalt molybdenum and various other metals are usually used for hydrocracking and hydrotreating process to remove impurities and reduce the emission of harmful gases into the environment. As the demand for fuels containing less sulfur content increases, the demand for metals is witnessed to have significant growth during the forecast period.

Check the Trendsing Report of Refinery Catalyst Market: https://www.coherentmarketinsights.com/ongoing-insight/refinery-catalyst-market-736

Refinery Catalysts Market Outlook

    Asia Pacific is the largest market for refinery catalysts. The countries such as China and India have the largest population which in turn has enabled burgeoning growth in Industrialization, Urbanization, and Construction activities. Thereby, driving the growth of refinery catalyst market in Asia Pacific at the fastest rate. The rapid expansion and industrialization of polymer manufacturing and refining companies in the Asia-Pacific region is also expected to increase growth of refinery catalysts in the region.

    Increasing Oil and Gas exploration activities has led to an increase of demand in the Middle East region. Therefore, refinery catalysts market is expected to have a high growth rate in this region.

About the Author

About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services.

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Author: Donald Lee

Donald Lee

Member since: Jun 07, 2017
Published articles: 442

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