Refinery Catalysts Market
essential to meet the escalating demand for high octane gasoline globally . Adjustable acidity and high porosity are some of the properties of zeolites that encourage its use as catalysts in refining and petrochemical production . The report detects that round about 95 % of the total zeolites manufactured across the world are used across fluid catalytic cracking operations . The segment of molybdenum catalysts is also expected to flourish during the forecast period , gaining extended demand from the Middle East and Asia Pacific .
Geographically , the report studies the opportunities available in the regions of North America including the U . S . and Canada , Europe including Germany , France , and the U . K , Asia Pacific including China and India , the Middle East and Africa , and Latin America . Among these , Asia Pacific , and China in particular , are the most profitable regional and country-wide markets for refinery catalysts . The report observes that China served 70 % of the demand for zeolite in the global market in 2015 .
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Stringent Eco-Friendly Regulations Driving Demand
Stringent regulations by several governments pertaining to environmental friendly performance is the most prominent driver of the global refinery catalysts market . The Environmental Protection Agency ( EPA ) and the Registration , Evaluation , Authorization and Restriction of Chemicals ( REACH ) are strictly curtailing sulfur and NOx emissions from refinery , and thereby are augmenting the demand for refinery catalysts . The requirement to optimize tight oil and sour crude processing as well as complexity of refineries are other factors favoring the growth rate .
Moreover , rapidly increasing number of passenger vehicles is escalating the demand for low-sulfur fuels . In India , which resides vast population , government has decided to set new emission regulation norms , the Bharat Stage VI , which will significantly increase the demand for refinery catalysts form this country-wide market . The inclination of European Commission towards decreasing the GHG emissions , along with regulatory bills to promote biofuel industry are anticipated to propel the demand for enzyme catalysts in the Europe refinery catalysts market .
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