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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