Global refinery catalysts markets,2014-2019: 2020-2025- increasing adoption of zeolites as an effective refinery catalyst driving market growth

摘要

The "Refinery Catalysts Market: Global Industry Trends,Share,Size,Growth,Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.The global refinery catalysts market grew at a CAGR of around 4% during 2014-2019.Looking forward,the market is set to continue its moderate growth during the next five years.Refinery catalysts refer to various chemical substances that are used for converting petroleum into liquid products and fuels.They use platinum catalysts for treating petroleum,crude oil and gasoline to alter the rate of chemical reactions and enhance the quality of the end product.Significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market.Furthermore,the rising demand for cleaner petroleum derivatives is contributing to the market growth.In line with this,the increasing adoption of zeolites as an effective refinery catalyst is also driving the market further.They are commonly used in fluid catalytic cracking(FCC)processes,owing to their advantageous properties,such as micro-porosity and adjustable acidity and aid in converting feeds,such as cracked and de-asphalted gas oils and vacuum resins,to nigh-value products.