Refinery catalysts market nears $7.2 bn by 2025-analysis on key innovators,the market leaders,and emerging players

摘要

The”Refinery Catalysts Market Size,Share & Trends Analysis Report By Material(Zeolites,Chemical Compounds),By Application(FCC,Hydrocracking,Catalytic Hydrotreating),By Region,And Segment Forecasts,2019-2025”report has been added to ResearchAndMarkets.com’s offering.The global refinery catalysts market size is expected to reach $7.12 bn by 2025.It is projected to register a CAGR of 4.6% during the forecast period.Favourable regulations passed by significant associations and authorities for the use of catalysts in several refining applications are predicted to drive the growth.The Fluid Catalytic Cracking(FCC)catalyst application segment is anticipated to witness huge demand and is gaining immense significance in Middle East owing to the presence of heavy crude oil reserves,which should have a positive impact on the overall market growth in the forthcoming years.Refinery catalysts market participants are looking forward to incorporating mergers and acquisitions to extend their reach to all the developed regions.Hydrocracking is a substantial application that is likely to witness high growth in near future as it can be placed in the low penetration and high growth quadrant.Hydrocracking of heavy and high sulfur and nitrogen-containing feedstocks requires optimum technical solutions that include catalyst and flow scheme consideration.This development is anticipated to increase the demand of refinery catalysts industry worldwide.