pemand for higher quality fuels to drive global refinery catalysts market

摘要

Tightening of the fuel quality stan-dards including reduction of olefins, benzene and other aromatics in gasoline, along with the global shift towards fuels with extremely low sulphur content will require refining industry to undertake significant upgradation. This will have a positive impact on refinery catalysts, which are used all over the refining sector to convert heavy crude oil to lighter derivatives. This will be a key driver pushing the global market for refinery catalysts to over $5.5-bn by 2025, according to a new research report by Global Market Insights Inc. The rapid development of unorthodox oil reserves will further boost the growth of the market during the forecast period, the report noted.