TMR_Research_Reports_2017 to rise to US$17,059.2 mn by 2024 | Page 2

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
According to a recent study by Transparency Market Research (TMR), the global market for
refinery catalysts is well organized and consolidated among four players who collectively owned
more than three-fourth of the shares in 2015. These four vendors are Royal Dutch Shell Plc., Chevron
Corporation, Sinopec Corporation, and ExxonMobil Corporation. With an impressive product portfolio
and distribution channels across various regions worldwide, these four companies are significantly
ahead of the curve in the global refinery catalysts market. The TMR report expects this dominance to
continue in the near future as these leaders continue to research and develop new products with their
financial might and continue to add on their consumer base.
As per the TMR estimations, the global refinery catalysts market was worth US$11.5 bn and projects
it to reach a valuation of US$17.1 bn by 2024, increasing at a CAGR of 3.93% during the forecast
period of 2016 to 2024. The slugging growth rate is a reflection of volatile crude oil prices, which
severely affects the production and revenue of the vendors operating in refinery catalysts market. The
report anticipates this pattern to continue in the near future, and lead to limited development
opportunities for new entrants.
Obtain Report Details @ http://www.transparencymarketresearch.com/refinery-
catalysts-market.html
Zeolites Remains Profitable Segment
Based on material, the report segments the global refinery catalysts market into cobalt, molybdenum,
zeolites, nickel, and others such as platinum. Out of these, zeolites refinery catalysts accounted for
65.5% of the market in 2015, in terms of volume. This substantial demand for zeolites is owing to its
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Transparency Market Research