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Refinery Catalysts Market
expanding appetite for high octane gasoline across the world. Zeolites are primarily used for the fluid
catalytic cracking process, and offer benefits such as high temperature resistance, high selectivity,
and cost-effectiveness.
Geographically, this report on the global refinery catalysts market evaluates the potential of several
regions including North America, the Middle East and Africa, Europe, Latin America, and Asia Pacific.
Currently, China not only the leading producer but also the most prominent consumer of refinery
catalysts, single-handedly making Asia Pacific the most lucrative region for the players in the global
market for the same. The prosperity of the petrochemicals and refining sectors in India and China will
favor the expansion of the refinery catalysts market in Asia Pacific. The report also expects the
regions of the Middle East and Asia Pacific to increment the demand for molybdenum refinery
catalysts during the forecast period.
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Escalating Pollution Concerns Driving Demand
Growing demand for refined petroleum products, increase in refinery construction across Asia Pacific
and the Middle East, and upgrading of existing low NCI refineries are some of the key factors favoring
the global refinery catalysts market. In the recent past, regulations pertaining to carbon emission from
vehicles, particularly in the developed regions in Europe and North America have proved a boon for
this market. With refinery catalysts, quantity of sulfur and other impurities can be controlled. On the
other hand, factors such as overcapacity in refineries in developed countries, competition from
renewable fuels, and unstable regulatory environment are challenging the market from attaining its
full potential. Decline in the consu