Refinery Catalysts Market in Oil Refining Industry to Reach $6,490 Million by 2023

Refinery Catalysts Market Strategies, Analysis, and Opportunities report says, Fluid Catalytic Cracking (FCC) petroleum refining products overcome limiting factors affecting refinery capacity and operating flexibility to deliver value and performance.

Refinery catalysts market in the oil refining sector at $4,967 million in 2016 is expected to be worth $6,490 million by 2023, growing at 3.8% on average between 2017 and 2023. There are 500 FCC units being operated globally, each of which requires a constant supply of FCC catalysts. There are 3,000 HPC units being operated globally, or a capacity of approximately 44 million barrels per day, each of which typically requires replacement HPC catalysts once every one to four years.

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The study addresses hydroprocessing catalysts and FCC catalysts. Hydroprocessing catalysts are used to create cleaner fuels--especially ULSD. Demand for cleaner fuels is driving the market. Refining catalysts are experiencing strong growth. New fuel standards are coupled with refineries increasing use of heavier and dirtier feedstocks and major additions to refining capacity.

The refinery catalyst market is thus boosted by the fact that the efficient use of catalysts can help the manufacturers' better address the increasing energy demand. Fluid catalytic cracking (FCC) is the conversion process used in petroleum refineries. It is widely used to convert the high-boiling, high-molecular weight hydrocarbon fractions of petroleum crude oils to more valuable gasoline, olefinic gases and other products.

The cost of hydrocracking catalysts varies because of composition differences. The catalysts can be alumina with base metals or contain added crystalline zeolites. High quality ultra-stable type Y molecular sieve zeolites are used in this service. Nickel-moly or nickel-tungsten are the active metals frequently used.

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FCC additives are used with catalysts to meet specific unit objectives. Higher gasoline octane, lower gasoline sulfur, lower sulfur oxides (SOx) and nitrogen oxides emissions, lower carbon monoxide levels, improve fluidization, make more propylene and/or liquefied petroleum gas (LPG) and improve bottoms cracking are FCC objectives.

“Fluid Catalytic Cracking (FCC) petroleum refining products overcome limiting factors affecting refinery capacity and operating flexibility to deliver value and performance. Catalysts are a crucial component in the processing of highly valued petrochemicals, gasoline, diesel and other fuels.”

Companies Profiled in Global Refinery Catalysts Market report

Market Leaders: Albemarle, BASF, Haldor Topsoe, Honeywell / UOP, Advanced Refining Technologies (ART), WR Grace, Clariant AG / Süd-Chemie AG, Shell CRI, IFP Energies nouvelles Group Company / Axens, Sinopec China Petrochemical Corporation, Shell / Criterion

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Market Participants: Air Products, Advanced Energy Materials LLC, Chevron, Clean Diesel Technologies, Clean Diesel Technologies / Catalytic Solutions, Dow, Evonik Industries, ExxonMobil Catalysts and Licensing LLC, , Headwaters Technology Innovation (HTI), IFP Energies Nouvelles Group Company / Axens / Eurecat UNICAT Catalyst Technologies, Indian Oil Corporation, Johnson Matthey, KBR Hydroprocessing, Nanostellar, Petrobras Partnership with Albemarle, Quantiam Technologies Inc., Rive Technology and Grace Davison, Shell, Shell / Sekiyu, Shoaibi Group / General Technology & Systems Company Ltd (GENTAS), UNICAT Catalyst Technologies, Zeochem, Zeolyst, Selected Refinery Catalyst Companies, Emerging Catalyst Companies, FCC Catalyst & Additive Suppliers, Government Agencies and Other Organizations

Key Topics: Catalysts, Petroleum Process, Chemical Process, Fluid Catalytic Cracking FCC Catalysts, Hydroprocessing Catalysts, Metal Refinery Catalysts, Nanotechnology, Related Energy, Depleting Crude Oil Reserves, Process Catalysts, Refining Catalysts, Refining Industry, Refining Capacity, Maximizing Diesel Production, Hydrocracking, Hydrotreating, Hydrotreating Process, Distillate Hydrotreating, Lithium Carbonate, Lithium Chemicals, Lithium Market Opportunity, Rare Earth Minerals

Table of Contents

1. Refinery Catalysts Market Description And Market Dynamics
2. Refinery Catalysts Market Shares And Forecasts
3. Refinery Catalysts Product Description
4. Refinery Catalysts Research And Technology
5. Refinery Catalysts Company Profiles

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Release ID: 183672