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Global Solid Oxide Fuel Cell Market – Industry Challenges, Key Vendors, Drivers, Trends and Forecast to 2023 PowerPoint Presentation
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Global Solid Oxide Fuel Cell Market Information Report by Type (Planar, Tubular, Others), by Application (Stationary, Portable, Transportation, Military) and by Region - Global Forecast to 2023

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refinery catalyst market analysis size share

Refinery Catalyst Market Analysis, Size, Share, Growth and Trends by Forecast to 2023

Market Highlights

The Global Refining Catalyst Industry refines more than 85 million barrels of crude oil every day

in order to meet the surging demand for petroleum products. Steady production and sales of

automobiles and increasing industrial activity provides strong baseline factors that support

growth in the market. Increasingly stringent fuel and environmental regulations, heavier crudes

and feedstock, and soaring energy demand have created complex, and sometimes conflicting,

challenges for refiners operating hydro processing units. In response, many refiners are building

new licensed units or revamping their existing facilities. Many refinery catalyst manufacturer

provide customers with an optimized hydroprocessing solution from their extensive, leading-

edge technology design portfolio. Refining catalyst are a crucial components in the processing

of highly valued petrochemicals, gasoline, diesel and other fuels.

Currently, the refinery catalyst market is in the growth stage. This is due to the global increase

in energy consumption, rising demand for petroleum derivatives and stringent environmental

regulations. However, the diminishing crude oil reserves will hinder the global refinery catalyst

growth rate.

Key Players

The key players of global refinery catalyst market are

 Albemarle Corporation (U.S),

 W. R. Grace & Co. (U.S),

 Haldor Topsoe A/S (Denmark),

 Honeywell, Uop LLC. (U.S),

 Criterion Catalysts & Technologies L.P. (U.S),

 Axens SA (France),

 BASF SE (Germany),

 China Petroleum & Chemical Corporation (Sinopec Corp.) (China),

 Clariant International Ltd (Switzerland)

 Exxon Mobil Corporation (U.S)

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Asia-Pacific region market is expected to grow at the fastest rate

Asia-Pacific region is the leading market for Refinery Catalysts market and is followed by North-

America. The overall growth in refinery infrastructure and increase in fuel consumption in the

countries such as India and China, is driving the market for refinery catalysts. The Asia-Pacific

refinery catalyst market is most prominently

refinery catalyst market is most prominently driven due to large scale refining activities, so fulfill

the growing energy consumption.

Metals segment by ingredient in global refinery catalyst is expected to grow at the fastest

rate

Based on ingredients, metals segment contributed for the largest market share of the refinery

catalyst market. This growth can be credited to the growing use of metals for hydrocracking and

hydrotreating to eradicate undesirable impurities and production of dangerous gases into the

environment. Strict ecological regulations framed to reduce air pollution by diminishing the sulfur

content in the gasoline and ultra-low sulfur content in diesel are further projected to drive the

demand for metals in the refinery catalyst market.

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