Global Petroleum Refining Catalysts Market: Industry Analysis and Forecast (2020-2026)

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Global petroleum refining catalysts market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026 at a CAGR of 9.8% during the forecast period.

The process of conversion or refining of the crude fossil fuel into the commercially viable and usable petrol is petroleum refining catalysts.

The report covers the detailed analysis of the global petroleum refining catalysts industry with the classifications of the market on the basis of type, application and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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The report has profiled sixteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. Manufacturing environment in each region is different and focus is given to regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Global Petroleum Refining Catalysts Market Dynamics

The increasing human need for fuels especially petrol, is a primary growth driver of the global petroleum refining catalysts market. The rise in consumer demand for gasoline and diesel in developing economies is expected growth driver for the global market during the forecast period.
The adoption of ‘go green’ or environmental policies by economies, and the availability of alternative fuels such as biofuels, are expected major growth drivers for the global petroleum refining catalysts market during the forecast period.

The rising number of vehicles specifically in Asia-Pacific due to the growth in population is expected to create more growth opportunities for new entrants in the global petroleum refining catalysts market.
Global Petroleum Refining Catalysts Segment Analysis

Zeolites catalysts in petroleum refining catalysts market is expected to account for a significant market shares over the forecast period. The zeolites catalysts segment was valued at US$ XX Bn in 2019 and held XX% of the global market shares. The high porosity and adjustable acidity properties are the major key drivers of zeolites catalysts segment in the global petroleum refining catalysts market. The growth of zeolites catalysts segment is estimated to grow at a CAGR of XX% during the forecast period to reach US$ XX Bn by 2026.

Global Petroleum Refining Catalysts Market by Type

The FCC (Fluid Catalytic Cracking) segment is expected to dominate the global petroleum refining catalysts market during the forecast period. The FCC segment was valued at US$ XX Bn in 2019 and expected to grow at a CAGR of XX% during the forecast period to reach US$ XX Bn by 2026. The FCC is the widely used catalysts with enlarged boundary of application area, which drives the growth of fluid catalytic cracking segment in the global market of petroleum refining catalysts.

Global Petroleum Refining Catalysts Market by Application
Petroleum Refining Catalysts Regional Insights

Global Petroleum Refining Catalysts Market

The Asia-Pacific is expected to dominate the global petroleum refining catalysts market during the forecast period. The Asia-Pacific held revenue share of 31% in 2019. Among all economies across the world, China and India were reported as the second and fifth largest economies respectively, in the global market for petroleum refining catalysts. The Reliance operated Jamnagar refinery complex in Gujrat (India) had capacity of 1.2 million barrels per day in 2019, which was the largest refinery in the world. The Asia-Pacific is expected to grow at a CAGR of XX% during the forecast period to reach US$ XX Bn by 2026.
Global Petroleum Refining Catalysts Market Scope: Inquire before buying

The report helps in understanding sodium bromide dynamics, structure, by analyzing the market segments and projects the sodium bromide market size. The clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the global sodium bromide market make the report investor’s guide.

The report provides the detailed study of the key players of the global sodium bromide market with their growth by conserving past data. In addition to that, report helps reader with the Company Profile, Company Overview, Financial Overview, Product Portfolio, Business Strategy, Recent Developments and Development Footprint analysis and growth strategies for each.

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Global Petroleum Refining Catalysts Market table
Global Petroleum Refining Catalysts Market, by Region

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East & Africa
Global Petroleum Refining Catalysts Market Key Players

• BASF Catalysts
• WR Grace
• Albermarle Corporation
• Exxon Moil Corporation
• Evonik Industries
• Johnson Matthey
• Chevron Corporaton
• Haldor Topsoe
• Honeywell International
• Sinopec
• JGC C&C
• Clariant International Ltd.
• China Petroleum and Chemical Corporation
• Shell Catalysts & Technologies
• Arkema Group
• Jamnagar Refinery Complex

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