Refinery Catalyst Market to expand at a CAGR of 4.0% by 2026 - PowerPoint PPT Presentation

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Refinery Catalyst Market to expand at a CAGR of 4.0% by 2026

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Continued dependence on petroleum derivatives for energy and rising crude oil refining capacity expansion activities are expected to drive the growth of the refinery catalyst market over the coming years. The market is projected to grow at a CAGR of 4% and reach a value of US$ 10 Bn in 2026. Asia Pacific and the U.S. are estimated to dominate the global refinery catalyst market, accounting for 60% of the total global growth, which grew by 0.8% from 2017 to 2018. Countries contributing to overall growth are: – PowerPoint PPT presentation

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Title: Refinery Catalyst Market to expand at a CAGR of 4.0% by 2026


1
Refinery Catalyst Market
  • April 2020

Report Id REP-GB-11168 Published On
March-2020 Category Chemicals and Materials
2
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FMI formulates a detailed discussion guide to conduct expert and industry interviews
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includes sources of databases
4
Refinery Catalyst Market Analysis
  • Continued dependence on petroleum derivatives for
    energy and rising crude oil refining capacity
    expansion activities are expected to drive the
    growth of the refinery catalyst market over the
    coming years. The market is projected to grow at
    a CAGR of 4 and reach a value of US 10 Bn in
    2026. Asia Pacific and the U.S. are estimated to
    dominate the global refinery catalyst market,
    accounting for 60 of the total global growth,
    which grew by 0.8 from 2017 to 2018. Countries
    contributing to overall growth are
  • China recorded a staggering 6.3 increase in its
    refined products output in 2018 over 2017, while
    Indias output grew by 3 during the same period.
  • The U.S. recorded increased production for the
    6th consecutive year, registering a production
    record for the country.

5
Refinery Catalyst Market Analysis
  • Key Takeaways of Refinery Catalyst Market Study
  • The FCC catalyst segment in the global refinery
    catalyst market is projected to remain dominant
    under product type in terms of market value
    share, owing to the presence of a large number of
    FCC units across refineries, worldwide.
  • FCC units play a prominent role in refining crude
    oil and the production of lighter products such
    as jet fuel, diesel oil, kerosene, LPG, and
    gasoline.
  • Around 500 FCC units are installed worldwide,
    which produce around 50 of total transportation
    fuel and 35 of total global gasoline.
  • FCC expansion projects are expected to be a
    prevailing trend in the global refinery catalyst
    market in the coming years. For instance, India
    has planned FCC capacity addition of 312 Mbpd
    (million barrels per day), followed by China -
    304 Mbpd, and Nigeria - 247 Mbpd..

6
Refinery Catalyst Market Analysis
  • On the regional front, Asia Pacific is projected
    to hold a dominant share in the global refinery
    catalyst market, accounting for more than 40 of
    the total market share. The growth in the
    regional market is driven by demand from China
    and India.
  • Refinery Catalyst Market Competitive Landscape
  • The global refinery catalyst market is fairly
    consolidated, with a few global players
    dominating the manufacturing and supply of
    refinery catalysts. High cost of raw materials,
    high manufacturing costs, and established
    foothold of existing manufacturers are some of
    the barriers faced by new players when entering
    the refinery catalyst market. Some of the key
    global players in the refinery catalyst market
    profiled include Albemarle Corporation, Axens
    S.A., W.R. Grace Co, Clariant International
    Ltd., ExxonMobil Corporation, and Haldor Topsoe
    A/S, who account for more than 60 of total
    market share.

7
Refinery Catalyst Market Analysis
More Valuable Insights on Refinery Catalyst
Market The recent market report published by
Future Market Insights (FMI) on the global
refinery catalyst market provides insightful
analysis on historical market trends for the
period of 20132018, and future growth
projections and forecasts for the stipulated
period of 2019-27, by product, ingredient, and
five geographical regions. The refinery catalyst
market report details key market trends, drivers,
restraints, and macro-economic factors impacting
market growth. Incremental opportunity, BPS
variation, Y-o-Y growth, and market
attractiveness index for each segment and region
are provided in detail to provide a clear
understanding of the growth of the global
refinery catalyst market. Press Release Source
https//www.globenewswire.com/news-release/2020/03
/31/2009150/0/en/Refinery-Catalysts-Market-Recorde
d-Strong-Growth-in-2019-North-America-and-APAC-in-
the-Vanguard.html
8
Refinery Catalyst Market Analysis
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9
Refinery Catalyst Market Analysis
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