FMI Forecast On Refinery Process Chemicals Market Glob | Page 4

Refinery Process Chemicals Market
Trends in the Refinery Process Chemicals Market 2015-2025
Crude oil is composed of a variety of organic compounds and hydrocarbons such as alkanes, aromatics,
asphaltics and naphthenes with varying molecular weights. This crude oil undergoes a series of numerous
complex processes such as reformation, alkylation, cracking, desulfurization, and hydro treating, among
the others in order to yield a gamut of desired products which find wide scale applications across a
diverse set of industries as well as in household use. The aforementioned processes are complex and
involve use of numerous chemicals at various stages in order to ensure high quality of the end products.
Some of the commonly used refinery processing chemicals include corrosion inhibitors, catalysts, and
anti-fouling agents among the others. Refinery process chemicals market is expected to witness a steady
growth in its market value during the forecast period.
Refinery Process Chemicals Market: Drivers & Restraints
The ever-growing demand for fuels especially from transportation sector is expected to emerge as one of
the primary growth driving factor for global refinery process chemicals market during the forecast period.
Moreover, increase in demand across the globe for petroleum based products is another factor that is
likely to result in growth of global refinery process chemicals market. The growing pressure from
regulatory bodies on the refineries as regards pollution is expected to result in an increase in use of
refinery process chemicals over the forecast period.
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