Refinery Catalysts Market
REPORT DESCRIPTION
Refinery Catalysts Market ( Material Type - Zeolites , Molybdenum , Cobalt , Nickel ; Physical Form - Powders , Beads and Extrudates ; Refining Unit - Fluid Catalytic Cracking Unit , Hydrocracking Unit , H- Oil Unit , Hydrotreating Unit , Catalytic Cracking Unit , Alkylation Unit ) - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 - 2024
The global refinery catalysts market represents a highly organized and consolidated structure formed by four companies , who held more than 75 % shares of the market in 2015 . These four companies are Royal Dutch Shell Plc ., Sinopec Corporation , Chevron Corporation , and ExxonMobil Corporation . Besides dominating with an impressive product portfolio and extensive geographical presence , these companies constantly focus on research and development of new products to negate the emergence of new players .
Volatility of crude oil prices continues in the global market , which has significantly affected the production and revenue of several refinery catalysts , and the pattern is expected to persist for a few years to come until the oil prices settle at a profitable margin . This factor is reflecting negatively over the growth rate of the global refinery catalysts market , which is projected for a CAGR of 4.6 % during the forecast period of 2016 to 2024 . This report by Transparency Market Research ( TMR ) evaluates that global refinery catalysts market had an opportunity worth US $ 11.5 bn in 2015 , and estimates it to reach a valuation of US $ 17.0 bn by the end of 2024 .
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Zeolites Remains Most In-demand Material
On the basis of material , the report categorizes the global refinery catalysts market into zeolites , cobalt , molybdenum , nickel , and others including platinum . Out of these , the segment of zeolites had the maximum demand in 2015 , accounting for 65 % of the global market in 2015 . This high demand for zeolites is a reflection of growing usage of fluid catalytic cracking process in refineries , which is
Transparency Market Research
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