Albemarble Corporation and W.R.Grace are Leading Players in the Refinery Catalysts Market – MENAFN.COM

SourceMENAFN
SectorIndustrial
CountryGulf

(MENAFN – GetNews)Refinery Catalysts Market by Type (FCC Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, and Catalytic Reforming Catalysts), Ingredient (Zeolites, Metal, and Chemical Compounds), Region The global refinery catalysts market size is expected to grow from USD 4. 0 billion in 2020 to USD 4. 7 billion by 2025, at a CAGR of 2.

9% during the forecast period. The major factors driving the market are the growing number of stringent regulations for vehicle emissions across the world and rising consumption of petroleum derivatives. APAC is the largest consumer and manufacturer of refinery catalysts globally. According to the BP Statistical Review of World Energy 2019, APAC’s total oil production was 7, 633 thousand barrels per day (BPD) in 2018, with a global market share of 8. 1%. APAC’s political and economic conditions have driven the market penetration of refinery catalysts. The major players in the refinery catalysts market include Albemarle Corporation (US), W R Grace (US), BASF (Germany), Haldor Topsoe (Denmark), Honeywell UOP (US), Clariant (Switzerland), Axens (France), Johnson Matthey (UK), China Petroleum and Chemical Corporation (Sinopec) (China), and Shell Catalyst & Technologies (Netherlands). These players have adopted various growth strategies to expand their presence in the market further. New product

...read more...