Global Oil Refining Catalyst Market is forecasted to grow at 5.1% with factors such as rising demand for gasoline and other petroleum derivatives from various end-use industries.
Oil Refining Catalyst Market has shown an exceptional penetration in regions such as Asia-Pacific, North America and Europe. Stringent regulations regarding the sulfur content and octane number of the fuel in the countries.
Oil refining catalyst Market Scenario
According to Data Bridge Market Research the market for oil refining catalyst in Asia-Pacific has the highest market share followed by North America and Europe. Market leader is China Petroleum & Chemical Corporation which accounts an estimated market share of approximately 13.95% in the global oil refining catalyst market. The company has gained outstanding sale through increasing research and development activities for improving the efficacy of catalysts.
- In 2019 October, Exxon Mobil Corporation and Albemarle Corporation unveiled a catalyst and refining service bundle named the Galexia program. The partnership strengthens industry; ensuring sure consumer requirements are best met at all points in the supply chain and improves the long-term collaboration between ExxonMobil and Albemarle in specialist Hydroprocessing. In consequence, customers can use a single partner that offers refinery owners/operators and catalysts access to combine pre-treatment and away from the debris alternatives.
Trends Impacting the Market
Now the question is which other regions China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Royal Dutch Shell plc, BASF SE and Gazpromneft-Catalytic Systems are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific oil refining catalyst market and the market leaders targeting North America & Europe to be their next revenue pockets for 2020.
The oil refining catalyst market is becoming more competitive every year with companies such as China Petroleum & Chemical Corporation, Exxon Mobil Corporation, and Royal Dutch Shell plc as they are the market leaders for oil refining catalyst. The data bridge market research new reports highlight the major growth factors and opportunities in the oil refining catalyst market.
For more analysis on the oil refining catalyst market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-oil-refining-catalyst-market
Oil refining catalyst Market Development
- In 2021 May, Axens announced the launch of SeLene, a newly created family of catalysts dedicated to selective hydrogenation. With this development, company is looking to enhance its position in global catalyst market.
Scope of the oil refining catalyst Market
Global oil refining catalyst market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Belgium, Netherlands, rest of Western Europe, Russia, Poland, Czech Republic, rest of Central & Eastern Europe, India, South Korea, Indonesia, Thailand, Singapore, Malaysia, Vietnam, Pakistan, Philippines, Bangladesh, Cambodia, Laos, rest of Asia-Pacific, Saudi Arabia, Iraq, Iran, United Arab Emirates, Kuwait, Qatar, Algeria, Oman, Bahrain, Egypt, Jordan, Israel, Turkey, Brazil, Argentina, Colombia, rest of Central & South America, Nigeria, Libya, Angola and rest of Africa. and many others.
All country based analysis of oil refining catalyst market is further analyzed based on further segmentation. On the basis of by type (hydrotreating, fluidized catalytic cracking (FCC); residue fluidized catalytic cracking (RFCC), hydrocracking, and others), by catalyst (zeolites, metals, chemicals), by distribution channel (direct sales/B2B, distributors/third-party distributors/traders, e-commerce and others) and by application (diesel, kerosene, distillate dewax and others)
To know more about the study https://www.databridgemarketresearch.com/reports/global-oil-refining-catalyst-market
Key Pointers Covered in oil refining catalyst Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
Key Market Competitors Covered in the Report
- Royal Dutch Shell plc.
- 3M
- Dow
- Exxon Mobil Corporation
- W. R. Grace & Co.-Conn
- Anten Chemical Co.,Ltd
- Johnson Matthey
- Clariant
- BASF SE
- China Petrochemical Corporation
- Albemarle Corporation
- Honeywell International Inc (UOP LLC)
- Haldor Topsoe A/S
- Arkema
- Kuwait Catalyst Company
Above are the key players covered in the report, to know about more and exhaustive list of oil refining catalyst companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-oil-refining-catalyst-market
Research Methodology: Global oil refining catalyst Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Oil refiners
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Related Reports
- Global Hydrotreating Catalysts Market
- Global Catalyst Regeneration Market
- Global Refinery Catalyst Market
- Global Automotive Catalyst Market
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